Business matters

Few can appreciate the time and effort it takes to build and sustain a successful business. Yet, one unknowing mistake, disgruntled client or negligent employee can put it all at risk. Our risk advisors can help you build a comprehensive insurance program that protects what you've worked so hard to build.

Errors & Omissions (E&O)

E&O insurance protects your company against claims made by clients for misrepresentation, mistakes, faulty advice, or failure to deliver the promised results. Businesses that offer professional services or advice generally need E&O coverage. Accountants, engineers, doctors, lawyers, financial advisors, and real estate agents are just a few of the many professionals who trust Bukaty Companies to provide their E&O policy.

Coverage can help pay your court costs or settlements, which can take a financial toll on your business. E&O insurance doesn’t cover claims for property damage, bodily injury, workplace injuries, data breaches, intellectual property violations, or criminal acts such as fraud. (All E&O coverages, including defense and settlement costs, are subject to policy limitations, exclusions, and deductibles.)‍

Claims covered by E&O insurance

• Misrepresentation
• Omissions
• Service errors
• Negligence

Directors & Officers (D&O)

Public and private companies can face claims from third parties for losses allegedly caused by management's acts, errors, omissions, and misstatements. Third parties can include shareholders, banks, creditors, employees, labor unions, government agencies, customers, vendors, adjacent property owners, and competitors.

The cost of defending and settling such claims can be overwhelming. While D&O liability coverage protects owners and board members, it can be extended to spouses, managers and employees. A properly constructed D&O liability insurance policy provides coverage for the defense and settlement costs associated with covered claims. (All D&O coverages, including defense and settlement costs, are subject to policy limitations, exclusions and deductibles.)

Claims covered by D&O insurance

• Investor and lender suits claiming company mismanagement
• Contract disputes, including breach and interference
• Fraud, misrepresentation or deceptive inducement
• Misuse of company assets, including self-dealing and conflicts of interest
• Dereliction or breach of duty, errors in judgments and wrongful acts
• Failure to adhere to laws, regulations or company bylaws
• Defamation, discrimination, libel, retaliation, and slander
• Unfair or deceptive trade practices
• Negligent hiring and supervision

Employment Practices Liability (EPL)

Employers of all types and sizes can be exposed to employment-practices claims. An EPL policy covers businesses against lawsuits or claims made by current, former and prospective employees alleging that their rights have been violated.

EPL insurance typically covers both the cost of any judgment or settlement, plus defense costs. Also, most insurance carriers provide free HR training programs and complimentary HR consulting services that can lower your employee risks. When claims arise, insurance carriers can quickly step in with well-seasoned legal counsel to help insureds negotiate a favorable outcome. (All EPL coverages, including defense and settlement costs, are subject to policy limitations, exclusions, and deductibles.)

Claims covered by EPL insurance

• Wrongful termination, demotion or discipline
• Harassment and improper conduct
• Failure to hire or promote
• Retaliation or intimidation
• Defamation
• Invasion of privacy