Liability Insurance

Gallagher provides high-level experience, analytical capabilities, a consultative approach and expert insurance broking services all working toward the protection and success of your executives and your organization. And should a claim occur, we shine the brightest by maximizing your insurance recoveries based on the policies in place.

Holistic approach for better liability insurance and risk management

Mitigating casualty risk requires a team who knows where to look in the typical locations as well as the unusual ones, where coverage gaps may go undetected. We develop solutions that protect your overall business. We commit to partnering with you to create a customized wall of coverage. We give you better protection by implementing our tools of non-traditional alterative risk programs, customized excess casualty program design and placement as well as a gap analysis and form reviews.

Management liability insurance coverage designed to protect your leadership and your organization

Executives are capable of amazing things. Building teams, creating revenue, developing strong products and profitability. They also face unique risks that require a delicate and in-depth approach and need tools and coverages to adequately protect them and the companies they serve. The Gallagher Management Liability insurance and risk management practice is based on our understanding of the special needs of executives. We focus on all aspects of executive liability, including expert management liability insurance placement services, guidance through mergers and acquisitions and are further prepared for the potential connections to cyber liability and employment practices liability. We are prepared to educate clients on the new reality of event-driven D&O claims. We listen, use high-level tools to assess your industry's environment and produce a custom management liability solution that aligns with your risk exposure and supports your executive team and organization.

Protection solutions for the entire spectrum of management liabilities

For any key management liability exposure or risk, Gallagher has developed an in-depth and broad insurance and risk management practice that encompasses processes, markets and strategies that provide comprehensive protection for executives and their organizations. Our management liability insurance practice is built upon a strong foundation of three key services to deliver truly best in class coverage.

Quantitative analysis. With benchmarking and models, we identify where and how large your exposures are, and give you information to help you select the right insurance coverage structure to mitigate future risks.
Contract and coverage analysis. We analyze all of your policies and coverages to figure out where you may have gaps in your coverage. We use court cases and business partners in the legal arena to fine-tune our carrier requests and ensure improvements are made.
Claims advocacy. Gallagher is a true leader in this process, having a dedicated claims advocacy team that include specialized attorneys that work with carriers and clients throughout the entire claims process to make sure your claims are rightfully paid. In many cases, we are able to get claims paid that other brokers are unable to gain insurance recovery from. This is a key differentiator for Gallagher.

Directors and Officers (D&O) Liability Insurance

Board and officer leadership in any institution faces unique risks and exposures, including lawsuits from shareholders as well as employees, competitors, suppliers and the government. Our team can construct policies that customize the protection your executives and your organization expect to run their business, and we reassess your insurance and risk management needs as business circumstances change.

Our policies provide protection to directors and officers against personal liability for financial losses, damages and expenses incurred arising out of wrongful acts or omissions in their capacity as a director or officer of a company.

Directors and Officers liability insurance coverages provide indemnity to directors and officers for:

Legal and defense costs
Out of court settlement

Employment Practices Liability (EPL) Insurance

Employment practices liability insurance (EPLI) covers businesses against claims by workers when their legal rights as employees of the company have been violated. From sexual harassment to wrongful termination and many other potential employment perils, we have employment practices liability insurance coverage ready to protect against either class actions or single-plaintiff claims.

The policies will reimburse your company against the costs of defending a lawsuit in court and for judgments and settlements.

Commercial General Liability

Our commercial general liability coverages operate as a combination of public liability and product liability policies. It is a third-party legal liability cover that protects business organizations against liability claims for bodily injury and property damage arising out of premises, operations, products and completed operations; and advertising and personal injury liability.

Product liability covers legal liability incurred by an insured because of bodily injury or property damage resulting from the use of a covered product. Public liability covers legal liability incurred by an insured due to bodily injury or property damage arising out of premises and operations of the insured.

Commercial Crime Insurance

Organizations are getting smarter, and so are the fraudsters. Additionally, every organization is different in multiple ways. Commercial crime insurance, also known as employee dishonesty, provides protection against direct financial frauds to businesses done by either employees or a third party or a by a collision of both. Frauds may include theft by employees, forgery, robbery or an electronic crime, such as fraudulent manipulation of the insured's computer system or fraudulent electronic funds transfer instructions, social engineering,etc.

Cyber Liability Insurance

Cyber liability insurance covers financial losses that result from data breaches and other cyber events. It covers both first-party and third-party expense coverages. First-party expenses include cover for fund transfer fraud, computer fraud, cyber extortion, data restoration, business interruption, privacy notification expenses, public relation expenses and third-party coverages, such as legal liability from customer claims, defense costs, and reputational and content liability.

Beyond our coverage expertise, our proprietary analytics can analyze your technology, media and professional liability exposures based on your risk profile and risk control techniques. Our analysis considers multiple methods, including peer analysis or benchmarking, historical claim loss analysis and a series of complementary quantitative loss models that combine to assess this complex risk. Our models are first of their kind, leading the brokerage industry, which is not surprising given our leadership track record, including more than 20 years of experience – true cyber pioneers.

Kidnap, Ransom and Extortion Liability Insurance

We offer specialized coverage for executives and employees and their families, whose work and travel put them at risk of kidnapping and possible extortion. This insurance coverage includes highly trained rescue and security personnel. This coverage is a best practice must for all companies, and we can analyze both coverage and carrier response teams that are the essential value of the product. And yes – we can obtain ransomware coverage for you as well.

Workmen’s Compensation

Workmen's compensation enables the employer to pay the compensation to the employees or for their family in case of death or bodily injury (permanent partial disablement / permanent total disablement / temporary disablement) caused due to injury and accident at the workplace (including certain occupational diseases) arising out of and in the course of employment

Professional Indemnity

The professional Indemnity policy, also known as Errors and Omissions (E&O) policy covers damages and legal costs payable by the insured in the event there is a claim for Breach of Duty in providing or failure to provide the given professional services.

Breach of Duty covers any actual or alleged negligent breach of duty, act, error, misstatements, misleading statements, breach of confidentiality or omission including any form of invasion of privacy, publicity, false light, public disclosures of private facts, intrusion, commercial appropriation of name or likeness, wrongful entry or eviction, trespass or eavesdropping.

We can help you cover legal costs and expenses incurred in your defense, as well as any damages or costs that may be awarded.

Public Offering of securities Insurance (POSI)

The policy offers protection to directors, officers or employees of the offering company from actual or alleged untrue or misleading statements or information. It also extends protection to controlling and selling shareholders, along with underwriters of the offering for breach of warranty in the placing agreement/ underwriter agreement.

Clinical Trial

Organizations regard research and development as a key to growth, and clinical trial insurance is a critical insurance cover for such companies. It provides protection against legal liability arising out of trials. Coverages can be extended to sponsors/organizers, medical persons, sub-contractors, doctors, consultants, physicians, hospitals, contract research organizations, nurses,etc.

Bankers’ Blanket bonds

Bankers blanket bond is a specialized product for banking and financial institutions against risks of employee dishonesty, premise risk, forgery, cyber liability and computer crime. It is a highly customized product allowing organizations to select coverage sections most relevant to them.

Mutual Fund Asset Protection Insurance

Mutual fund asset protection insurance is a specific product offered to mutual funds covering them for errors, omissions, misstatements, misleading statements, neglect, breach of duty or breach of trust.

Pollution Legal Liability

This coverage provides protection to organizations against legal liabilities arising because of emission, discharge, release or escape of any contaminants, irritants or pollutants into or on land, the atmosphere or any watercourse or body of water. Apart from legal defense costs, the policy pays for any bodily injury, property damage, business interruption and clean-up costs incurred during the course of the event/arising from the claim.

Contaminated Product Insurance

The cost of recalling, replacing or destroying a contaminated product can be huge for any company. Not to mention the business interruption and impacts to customer relationships that such incidents can have on a company. Contaminated product insurance covers recall costs, rehabilitation costs, loss of gross profits following accidental contamination, malicious contamination or government recall.

M&A Transactional Insurance, including Representations and Warranties and Tax Mitigation Insurance

The negotiation and management of corporate mergers and acquisitions require a significant amount of coordination, expertise and time to execute successfully. Representations and warranties form an important part of any deal negotiation. Our M&A team has the experience to identify risk and insurance issues related to the target business and allow buyers and sellers to shift a portion of transaction risk to insurers by means of warranties and indemnities (W&I) insurance. We provide analysis, custom policy forms and pre-M&A analysis that leads to selecting the best markets for your transaction and ultimately delivers customized coverage for buyers and sellers in mergers and acquisitions. We have several dedicated attorneys at Gallagher to assist in the process from start to finish.

Robust risk analysis for better coverage

Our process is designed to provide a stronghold of coverage from consulting through the delivery of service. We go beyond looking at the surface of your insurance program to deliver truly comprehensive risk management. Our process includes:

Uncovering uninsured and underinsured losses, contractual liability and coverage gaps. We conduct interviews and review contract and financial reporting filings. Our pre-renewal meetings include pertinent stakeholders with your organization, including the finance department, human resources, operations and risk management departments. We also work with other product lines and industry experts to ensure language between policies leave no gaps.
Claims and loss control. Our dedicated claims and loss control advocacy group extensively reviews your legacy loss information. We then develop claim mitigation and loss prevention programs to improve your claims process.
Program structure and insurance premiums. We design a program that meets your current needs while also being flexible enough to grow and expand by providing multiple options inclusive of various programs structures, coverage, limits and pricing.