Professional Liability / Errors and Omissions (E&O)
This is coverage for any claim of errors or omissions, in the delivery of services, made against you and your firm. Whether these claims are false or legitimate, this type of insurance is tremendous relief in an area ripe for litigation.
General / Comprehensive / Business Liability Insurance
General Liability Insurance is coverage for any kind of harm that might occur to one’s body or property while performing tasks outside of one’s typical professional duties. The insurance covers both direct and indirect responsibility of the insured party.
Property Insurance
With this type of insurance, you’re getting a certain level of coverage on your office building as well as the office equipment and business content inside your office. As there may be thousands upon thousands of dollars’ worth of equipment in your office, several different levels of property insurance are typically available, on a graduated pricing scale.
Inland Marine Insurance
Despite the name, this type of insurance typically has nothing to do with anything on the water. It is a spin off from Marine Transport Insurance, and covers any properties being transported anywhere under whatever modes may be specified in an individual policy.
Business Owners Policy
This is a specific type of insurance package which includes several types of policies that the owners of businesses usually find particularly needful. A Business Owners Policy will include Inland Marine, Property, General Liability, and whatever other policy or policies necessary to get the appropriate level of coverage.
Commercial Auto Insurance
Unlike auto insurance we get for our personal vehicles, Commercial Auto Insurance is for any vehicle that a business may own and use. The risks involved with vehicles used for business purposes are much different than the risks involved with personal use vehicles. Therefore, there is a different type of insurance for vehicles for commercial use.
Workman’s Compensation
When workers are injured on-the-job, and negligence is not the cause of the injuries, the costs associated with that injury (such as medical fees) can quickly become the employers’ responsibility once the injured workers file claims. Workman’s Compensation covers these situations, taking all or most of the financial burden off of the employer who has this sort of coverage. With this coverage, the claims are handled by the insurance company.
Umbrella Insurance
Just like an actual umbrella, this type of insurance offers you greater amounts of coverage than what you would have without it. Umbrella Insurance raises the limit for coverage on various liability policies, such as General Liability, Auto Liability, and Employers Liability. This is similar to another type of insurance called “Excess Insurance.” An umbrella or excess policy is perfect for those who want airtight liability coverage.
Employment Practice Liability Insurance
You’d think that people would have the right to hire or fire people at will. You’d be thinking incorrectly. There are legal guidelines for employment practices, and failure to follow them has led to major losses for businesses in lawsuits. EPL Insurance will cover your company should any claim of harassment, wrongful termination, or racial, gender, & orientation discrimination arise.
Fiduciary Liability Coverage
Employee benefit plans are very important, for obvious reasons, to employees. It’s particularly true when it comes to retirement plans. Unfortunately, mistakes happen --- and they can result in claims of breach of fiduciary duties. Fortunately, there is Fiduciary Liability Coverage available for such claims.
Directors and Officers Insurance (D&O)
Sometimes, business and money matters can bring out the worse in people. It can pit shareholders, owners and corporate officers against one another. Before you know it, legal claims are made --- leading to costly lawsuits. Directors and Officers Insurance covers your company and its management for such claims. With D&O insurance, you can rest assured that you’re covered no matter what’s thrown at your company, and/or your corporate director and officers.
About Dumont Insurance Corp.
Dumont Insurance Brokers Corp. – renowned for the cumulative industry knowledge, experience and insight of its staff, its close attention to customer care, and its innovative, automation-tinged model – was developed with a unique system underwritten by the most trusted and highest-rated carriers. This unique equation allows Dumont to provide customers with the very best, and most cost-effective, professional liability and E&O coverage, in spite of the ever-increasing hazards of a litigious society.
