Business Insurance from Philadelphia Insurance

Professional liability insurance covers costs associated with claims involving negligent acts, errors and/or omissions, such as a tax preparation error that causes a client to lose money.

PHLY specializes in coverage for several professions, such as computer consultants, management consultants, marketing consultants, miscellaneous consultants, advertising agencies, media risks, and accountants.

Cyber liability insurance helps businesses recover from costly cyberattacks and data breaches. This policy is recommended for any small business that stores, transmits, or processes Personally Identifiable Information (PII) such as credit card numbers, social security numbers, or other personal information.

Commercial crime insurance protects against criminal acts through a range of coverages. This policy can reimburse your business and its clients for losses related to:

• Employee theft
• Forgery
• Illegal funds transfer

A business owner's policy (BOP) bundles two policies at a discount to protect against the most common liability and property risks:

• General liability insurance covers common lawsuits stemming from customer accidents.
• Commercial property insurance helps pay for damage to your office contents, including inventory and equipment.

Employment practices liability insurance (EPLI) helps pay for legal costs when an employee sues over a violation of their rights. This policy provides coverage for claims such as sexual harassment, discrimination, or wrongful termination.

Directors and officers insurance (D&O) protects directors, officers, board members, employees, volunteers, and the entity from claims arising from errors, breached duties, or mismanagement in their responsibilities and decision making.

Securing this coverage helps small businesses attract and retrain top talent since they know they're protected.