As a business owner, you face potential liability claims and lawsuits alleging you, your employee or product caused injury to someone or their property. Commercial Liability coverage is the first line of defense against the most common liability claims, including incidents that occur on your premises, or even product liability for items you sell. Our Businessowners policy (BOP) allows you to combine your commercial liability and property coverage to deliver a broad business insurance policy.
Commercial Liability Protection Includes:
- Bodily Injury
- Damage to Property of Others
- Personal and Advertising Injury
- Fire Legal Liability
- Water Legal Liability
- Medical Payments
- Punitive and Exemplary Damages (where permitted by law)
- Legal and Defense Costs*
*Legal and Defense costs are either included in the limit of liability or in addition to the limit of liability
Cyber Liability
Whether through criminal activity of others, unintentional improper records disposal, or accidental exposure, data breach incidents are increasing in number and severity. Pharmacists Mutual offers valuable cyber liability insurance for your business. Our coverage can help protect you and your business in the event of an accidental breach or criminal cyber-attack.
Cyber liability protection includes:
- Costs to recover and restore data that is lost or damaged
- Lost income due to inoperable systems
- Data breach response services including: Information Technology (IT), legal, public relations, and customer notification expenses
- Fines/penalties for violations of privacy regulations including Health Insurance Portability and Accountability Act (HIPAA)
- Expenses resulting from Cyber Extortion
- Lost income and special expenses incurred as a result of Cyber Terrorism
- Payment Card Industry Data Security Standard Assessment and defense costs
Sexual Misconduct and Physical Abuse Coverage
Pharmacists Mutual knows that as a business owner and employer, you work hard to create an environment where your employees can thrive and your business can grow. However, some of the greatest challenges facing business owners today are allegations of physical abuse or sexual misconduct made against you or your employees. These are often challenging claims that take a toll on you and your company. You can protect your business with coverage for allegations for sexual misconduct and physical abuse.
Coverage Highlights:
- Coverage for allegations of negligent employment, investigation, supervision, training or retention of, or failure to report to proper authorities, a person who committed any act of abuse, molestation, mistreatment, or maltreatment of a sexual nature
- Coverage for allegations of physical abuse
- Coverage for defense costs, judgments, and settlements
- Provides coverage for the alleged perpetrator until it is judicially determined or admitted that such person committed the sexual misconduct, molestation, or physical abuse
Employment Practices Liability Insurance
In every business there is risk, and unfortunately, that includes risks involving your employees. As you know, laws and regulations related to hiring, terminating, and managing employees are constantly changing and evolving. The rules regarding how you interact with employees arise from all levels of government – federal, state, counties, and cities.
Pharmacists Mutual understands the challenges that you face and offers optional Employment Practices Liability coverage. This policy endorsement provides our members with protection against administrative proceedings and lawsuits alleging:
- Wrongful dismissal, discharge or termination
- Employment related misrepresentation
- Violation of employment discrimination laws
- Employment related sexual and other harassment
- Wrongful failure to hire or grant tenure
- Negligent evaluation
- Retaliation
- Employment related defamation or infliction of emotional distress
For more information on products and coverage, contact your local field agent.