Management Liability Insurance

Unfortunately, executives working in the best interests of your operation can be personally named in lawsuits. It can happen any time, and these claims can easily cost you hundreds of thousands of dollars. The PSA team will use our experience, knowledge and broad market access to build a comprehensive management liability insurance program that will allow your team to operate with confidence.

Errors & Omissions Liability

Professionals face significant exposure from claims for losses or injuries to third parties arising from negligence in rendering their professional services. These claims are not addressed by your traditional General Liability Insurance. Our professional Liability Specialists work with doctors, attorneys, architects, engineers, accountants and other professionals, helping to ensure their practices are properly protected.

Directors & Officers Liability

If your organization has a board or if you serve on a board as a director or officer, you need protection in an event of a lawsuit. Directors and Officers Liability Insurance is a specialized form of management liability insurance for legal expenses and liability to shareholders, bondholders, creditors or others caused by actions or omissions of a director or officer of a corporation or nonprofit organization.

Review

Leading Cyber Insurance Expertise. Better Risk Management Solutions.

Kickstart your cyber risk management  and resiliency planning with PSA’s proprietary cyber risk review process. We help you build a basic cyber risk profile, identify high level cyber risk exposures and offer realistic suggestions about how you can improve your cybersecurity risk management strategy.

We review your current policy or design tailored coverage if you don’t have one in place. We then explain what your cyber liability insurance covers for your business and discuss options in the context of your cyber risk profile.

Measure

Exclusive Industry-Validated Tool Places a Value on Your Unique Cyber Risk

Unlike traditional risk, cyber risk is difficult to monetize. As a result, most businesses struggle to prioritize cybersecurity investments and identify the scope of cyber liability insurance they should purchase. PSA has helped develop an exclusive industry validated tool, CyVaR, and is one of few cyber insurance brokers in the nation using it to help place a dollar value on your unique cyber risk.

Insure

Wider Selection and Unique Cyber Coverage

With our wide network of top insurance carriers, we are also able to offer you access to additional unique, specialized and exclusive coverage and help select the most cost-effective cybersecurity insurance and risk management solution for your organization. Critical coverage we offer includes:

First Party Expenses:

• Regulatory Investigations
• Fines and Penalties
• Data Breach Notification and Response
• Crisis Management and Public Relations
• Network, Software and Data Restoration
• Business Interruption and Other Costs
• Cyber Crime and Electronic Theft
• Wire Transfer Fraud and Social Engineering

Third Party Liability:

• Failure to Prevent a Cyber Incident
• Misuse, Disclosure, Loss or Theft of Confidential Data
• Content and Media Liability
• Defense Against Regulatory Proceedings

Electronic Theft (Cybercrime):

• Theft of money or securities through unauthorized access of your system
• Funds transfer, ransomware, social engineering fraud and telecommunications theft

You need a robust cyber insurance policy, but equally important is an experienced broker that is on your side to maximize the value and effectiveness of your cybersecurity insurance  coverage. PSA’s cyber risk solutions team understands cyber incident response and works with you before, during and after an incident.

Respond and Recover

Cyber insurance does more than pay cyber claims. It helps give you a backstop to mitigate the damage of a cyber event and offers a place to turn for help when something goes wrong. PSA’s cyber insurance and risk management team understand cyber incident response and helps you get the most out of your cyber insurance policy by working with you before, during and after an incident.

Tap PSA as a source of knowledge and an ally as you work to protect your organization.

Employment Practices Liability (EPLI)

Employment-related claims, allegations of wrongful termination, discrimination, workplace harassment and retaliation arising out of employer-employee relationships are prevalent. Employment Practices Liability Insurance (EPLI) is a type of management liability insurance that helps protect your company against claims from your employees that result from the general conduct of your business. An EPLI policy can protect your company against costs associated with defending a lawsuit in court, judgments and settlements and legal costs, whether your company wins or loses the suit.

Fiduciary Liability

Fiduciary Liability Policies protect the individuals who administer employee benefits covered by Employee Retirement Income Security Act (ERISA), such as retirement plans and employee benefit programs. Even with participant-directed plans and the use of professional advisors, plan fiduciaries can be personally liable.

Medical Malpractice

Lawsuits can be a major distraction from your important work and can damage your reputation. Moreover, awards in medical malpractice suits can be very costly. It’s vital for doctors and other healthcare professionals to have the right insurance protections.