Additional liability coverage options for legal professionals in Halifax
EasyCover offers legal professionals professional liability insurance in Halifax, but it also provides commercial general liability, directors and officers insurance, and cyber liability insurance for businesses that require additional protection. In order to keep your business sufficiently insured, it’s imperative that you consider all options or risk leaving a gap in your coverage.
Cyber Liability Insurance
Cyber liability insurance is designed to help cover certain costs following an alleged or actual hacking event or privacy breach. EasyCover’s cyber liability coverage includes network security liability and privacy liability. It may help cover the cost of network security and privacy breach costs, business income interruption losses, defense costs, extortion fees, digital asset losses, and regulatory fines.
Every policy has a specified limit, so be sure to familiarize yourself with yours and note any exclusions or separate deductibles.
Commercial General Liability Insurance (CGL)
Commercial general liability insurance, often called CGL insurance, is a necessity for all businesses. This type of insurance covers your legal expenses if you’re sued for causing bodily injury or property damage to a third party due to negligent acts. A common example is a visitor slipping and falling at your office.
Directors and Officers Liability Insurance
Directors and officers can be held personally responsible for their actions while serving on a board of directors if they have acted outside the law or failed to perform their duties properly. Directors and officers liability insurance (D&O) is designed to offer protection for directors and officers, covering legal expenses from claims brought by regulatory bodies, suppliers and vendors, employees, creditors, and customers.
Criminal penalties or offences will not be covered as this type of loss is not insurable by law.