Financial Lines

D&O liability insurance protects directors and officers from personal financial loss if they’re sued over decisions they made while managing the company. That includes claims from shareholders, regulators, competitors, employees — or anyone else who thinks a decision didn’t go their way.

Is directors and officers insurance necessary? If the company has a board, then yes. All boards need D&O cover, as even a simple reporting error or inaccurate disclosure can cause trouble.

But the stakes are higher when you’re doing something disruptive. Especially when markets are volatile, regulations are still evolving or you’ve just gone public. Startups also struggle to attract executives without a D&O insurance policy.

Web3 founders, Biotechnology leaders, and AI pioneers all need cover that understands their risks — not one-size-fits-all policies written for last century’s companies. D&O is your safety net when the stakes are high and scrutiny is around every corner.

While some carriers’ coverage can differ, D&O insurance generally covers legal fees, settlements, and financial losses if staff are held liable. Without it, their personal assets could be at stake.

With Relm, brokers can protect clients’ leadership teams from personal risk with custom D&O coverage.

EPL insurance companies from employee claims relating to workplace issues, including but not limited to the following:

• Harassment
• Discrimination
• Wrongful termination
• Breach of contract
• Emotional distress, and more…

The list goes on. EPL covers legal defense and settlement costs tied to these types of disputes

Large employers frequently encounter Wage and Hour challenges. Missteps such as underpaying minimum wage, mishandling overtime, or misclassifying employees can lead to significant financial consequences.

Nearly every element of employee pay is now subject to scrutiny through individual and class actions at both the state and federal level. Relm’s adaptable coverage solutions support clients in addressing this growing exposure.

Rapid growth means higher exposure to HR risks. Clients can find themselves with a number of employees that, after rapid scaling, they aren’t legally ready to handle.

With each new hire, the possibility grows that an employee might file a lawsuit — perhaps over something trivial that company leadership never expected. Former and prospective employees may also catch companies unawares. EPL ensures such issues don’t derail everything the insured has built.

Any company with employees benefits from employment practices liability. It doesn’t matter how many or how few staff exist, the risk is always present. And some claims, like the infliction of emotional distress, can be highly subjective.

Fiduciary liability insurance protects those who manage employee benefit plans (like pensions or health insurance) from being held liable under ERISA rules. Under ERISA, fiduciaries include plan sponsors, plan trustees, plan administrators, internal investment committees, directors and officers — or anyone else with ‘discretionary authority.’

Startups and growth-stage companies often introduce benefits early to attract talent. But as your offerings grow in complexity, so does the chance of errors or perceived mismanagement. Fiduciary insurance coverage shields companies from the consequences of honest mistakes. It keeps leaders focused on growing the business, not defending benefits-related lawsuits.

Fiduciary liability covers legal fees, settlement and judgment costs, and many other aspects relevant to employee benefits packages.

This policy applies during mergers, acquisitions, and high-stakes deals. It protects both buyers and sellers against:

• Breach of representations and warranties
• Tax liabilities
• Legal disputes

Opportunity moves fast in emerging sectors, but deals are rarely closed as quick. Complexity is a given. Investors want assurance. Sellers want clean exits. Transactional liability gives all parties the assurance they need to move forward decisively.

Make your next deal with confidence. Learn how transactional insurance can de-risk your close.