Financial Insurance Products

Provide your individual directors and officers the protection they need from personal liability and financial loss arising out of wrongful acts committed during their tenure. With a directors and officers liability insurance program brokered by SterlingRisk, they are protected. Most policies also cover the liability of the corporate entity itself if the liability arises out of a claim involving the purchase or sale of company securities.

At SterlingRisk, we understand the changing liability landscape and proactively provide attorneys, architects, medical providers, design professionals, contractors, developers, private equity investors and other professionals with solutions to insure their exposure to liability for errors that may be made by them, their employees or their partners.

Considering the frequency and severity of employment claims resulting from terminations or changes in reporting relationships due to mergers, acquisitions, divestitures and restructurings, as well as the day-to-day human resource practices that can lead to litigation, Employee Practices Liability Insurance (EPLI) coverage should be an integral part of your corporate risk management strategy. We can help you create an EPLI coverage strategy that protects you against many types of employment-related claims, including wrongful termination, sexual harassment, discrimination and retaliation.

Unfortunately, all companies are at risk of employee theft and fraud. Fidelity Insurance, also called Crime Insurance or Fidelity Bond, provides first-party protection for loss of money, securities and other properties (such as computers and software) caused by employee dishonesty, forgery, burglary, robbery, mysterious disappearance and counterfeiting. Most financial institutions are required by law to have Financial Institution Crime Insurance, but other businesses can certainly benefit from this protection, including those experiencing significant change, such as mergers, acquisitions and downsizing. Your SterlingRisk insurance professional can make sure you are properly protected.

Every year, cyber security risks become more profound and costly. Maintaining the proper care of your clients’ personal information has come under heavy scrutiny by federal, state and local authorities. Their personal information has become an ongoing target for disgruntled employees engaged in identify theft. At SterlingRisk, we place cyber, privacy and security liability policies with top carriers with firsthand knowledge of data and network security issues and legal and regulatory concerns. Our expansive coverage includes security and privacy liability, media liability and crisis management liability.

Professionals and the service organizations that employ them face significant liability risks when working with clients. Among the most significant risks are those posed by professional negligence. At SterlingRisk, we create integrated insurance programs to protect professionals and their organizations from third-party liability claims that may arise from actual or alleged errors or omissions, breach of duty in rendering professional services or the failure to render services.

Financial executives must continuously balance the cost of doing business with the risk of doing business. Each time a dollar of revenue is produced, all costs of generating that dollar have been thoroughly analyzed in an effort to maximize the profit margin, including costs associated with accounts receivable management. However, the hundreds of billions of dollars in losses associated with bad debt charge-offs in recent years have brought new attention to managing trade receivables from a risk perspective. Trade credit insurance is a business insurance product that indemnifies a seller against losses from non-payment of a commercial trade debt. With trade credit insurance in place, the seller/policyholder can be assured that non-disputed accounts receivable will be paid, either by the debtor or the trade credit insurer within the terms and conditions of their policy.