Businesses are experiencing a great amount of change due to technological advances, COVID and other external factors resulting in a growing demand for speciality insurance programs. Here are some of the top speciality programs for you to jump on.
Directors & Officers (D&O) Liability Insurance
Otherwise known as Management liability insurance, D&O liability insurance provides coverage to directors and officers that are personally sued in regards to the organisation or company being managed.
D&O protects members of the board of directors and covers costs for wrongful allegations and lawsuits. This program also allows for directors and officers to be covered from lawsuits against a company they are no longer involved with.
Cyber Liability Insurance
Most employers believe that cyber liability is only necessary for large companies. However this belief is exactly why small businesses are the true prey of identity thieves and hackers. Small businesses tend to have less cybersecurity put in place leaving the business open to data breaches and further legal action.
Data breaches can lead to customer information ending up in the wrong hands resulting in identity theft and lawsuits. Having a good cyber liability plan will protect a business and cover some of the costs associated with the data breach.
Greenwood General Insurance Agency is staffed with seasoned Underwriters ready to assist you in your risk submissions to ensure all the necessary information is provided. The Underwriters at Greenwood specialize in providing our brokers with everything they need to ensure their success.
Business Interruption Insurance
Pre-Covid, business owners would rarely think about how their business would stay operating in the rare case where they are forced to temporarily close. Business interruption, or business income coverage can be found as a stand alone policy and can also be found included in a Business Owners Policy (BOP).
Here are a few operating costs that Business Interruption insurance can help with:
Commission & Training Cost
Here at Greenwood, we focus on fast communication and easy applications, which is what makes our brokers so successful. Get started by booking a free demo with our lead Underwriter.
Are you ready to start writing more profitable business? Book a free demo with us to learn about our fast and easy online quoting system