Commercial General Liability

General Liability coverage protects your business against claims arising out of bodily injury or property damage to others. Commercial General Liability does not provide coverage for programming errors, contract performance disputes or the inability of your product or service to meet the expectations of your clients. Knowledge based companies who have General Liability without Professional Liability (Errors or Omissions) coverage are taking a serious risk.

Commercial Property

Combined with the Commercial General Liability in what is known as the IQI "package", coverage is provided for property, including computer equipment, owned by your business at limits stated in your policy.

Professional Liability (Errors or Omissions, E&O)

Professional Liability protects your business from claims of financial loss resulting from your work or services. Such claims could allege programming errors, software performance failure or the failure of your advice, schedule, or service to perform to the expectations of your client. This coverage is the cornerstone of the IQI program and is increasingly being required by companies who provide advice and services to others.

First & Third Party Fidelity Bonds

Also known as Commercial Crime coverage, Fidelity Bonds protect your company from theft by employees at your place of business. In many knowledge based professions employees are often offsite at client premises, Third Party Fidelity extends this coverage to include theft of the property of others, by your employees, at locations other than your business.

Directors & Officers Liability (D&O)

"D&O" coverage provides financial protection for the directors and officers of your company in the event they are sued due to the performance of their duties as they relate to the company. Even when a business is not publicly traded, its executives are still susceptible to potential lawsuits initiated by employees, stockholders or other directors/officers. Coverage can be obtained for companies at any stage of development.

Employment Practices Liability

Protects the employer against claims by employees or former employees resulting from negligent acts or omissions in the administration of the company's employee benefits programs. The term "employee benefits programs" is defined to include group life insurance and group accident and/or health insurance; and workers' compensation, unemployment insurance, social security benefits, disability benefits, etc. Coverage is intended to extend to the "administration" of these plans, including counselling employees, interpreting employee benefits programs, handling records, enrolling/cancelling employees in specified plans on a timely basis, etc.

Employment Practices Liability

Coverage can be structured to protect the Directors & Officers, the Company, or both against suits brought alleging employment related claims such as Sexual Harassment and Wrongful Dismissal.

Employee Benefits Liability

Protects the employer against claims by employees or former employees resulting from negligent acts or omissions in the administration of the company's employee benefits programs. The term "employee benefits programs" is defined to include group life insurance and group accident and/or health insurance; profit sharing plans; employee stock subscription plans; and workers' compensation, unemployment insurance, social security benefits, disability benefits, etc. Coverage is intended to extend to the "administration" of these plans, including counseling employees, interpreting employee benefits programs, handling records, enrolling/terminating/canceling employees in specified plans on a timely basis, etc.

Non Owned Automobile Coverage

The "on the go" nature business these days sees many companies providing rental cars for its employees, or requiring that employees use their own vehicles for company business. There are various avenues available for covering the potential exposures such as liability for bodily injury and property damage to others and the physical damage to the non owned vehicle. IQ-I can help you determine which option is best for your company.