Liability Insurance Options for Newfoundland Forensic Experts
While EasyCover specializes in professional liability insurance, we also offer additional business liability protection for forensic experts in Newfoundland:
- Commercial general liability
- Cyber liability
- Directors and officers liability insurance
Your business may not need all of these coverages, but it’s important to understand what they cover and make a decision based on your operations and needs.
Cyber Liability Insurance
Cyber liability insurance is designed to protect your business from fallout after a cyberattack or data breach. As most companies store client information or sensitive data, they can be targeted by cybercriminals. This coverage can help cover expenses such as extortion fees, regulatory fines, financial losses due to digital asset theft, legal expenses and more.
Commercial General Liability Insurance (CGL)
Commercial general liability insurance is generally recommended for all businesses, as it protects your company from third-party claims of bodily injury and/or property damage caused by you or an employee’s negligent acts. You never know when the smallest of accidents could later lead to a much larger lawsuit, which could cost your business financially. Coverage limits start at $1 million and can be increased based on your company’s needs.
Directors and Officers Liability Insurance (D&O Insurance)
Directors and officers insurance offers protection for corporate directors and officers, where they are accused of breaches of duty, unethical conduct, defamation, or other similar scenarios. Directors and officers insurance covers individuals from personal financial losses if they are sued for their actions or inactions while serving as an officer or director for your business. If the corporate entity provides indemnification for their D’s and O’s for these losses, D&O insurance may also indemnify the entity for this financial cost.