D&O, Directors & Officers – protects the assets of the business and personal assets of the executives against allegations regarding the decisions made by the executives and managerial practices

Employment Practices Liability Insurance, Employment Insurance – provides defense against allegations of improper behavior towards

Employees (harassment, discrimination, wrongful discharge…)

Fiduciary Liability – protects employers against allegations of mismanagement of employee benefit plans

Fidelity / Crime Insurance – protects against employee theft.

E&O, Errors & Omissions, Professional Liability, Malpractice (these terms are used interchangeably) – provides defense and settlement against financial damages that “your professional work” may cause to others

Cyber Liability, Privacy Liability, Information Liability (these terms are used interchangeably)  – covers the costs associated with the liability that a business is held accountable for in the event of an electronic breach of data that was to be kept secure.

Note:  Insurance policies either pay for:

Bodily Injury and Property damage only   (property, general liability, auto, work comp)
Or, Defense Costs and 3rd Party Financial damages (D&O, EPLI, E&O, Cyber)