Ocean Falls Insurance

Protects businesses and individuals losses caused by mistakes or oversights in their professional services.

Errors & Omissions (E&O) Insurance, also known as professional liability insurance, is a type of insurance that protects businesses and individuals from financial losses caused by mistakes or oversights in their professional services. This type of insurance is commonly used by professionals such as lawyers, accountants, consultants, and architects, who can be held liable for errors or omissions in the advice or services they provide. E&O insurance can also protect against claims of negligence or breach of contract.

E&O insurance typically covers the costs of legal defense, judgments, and settlements, as well as any damages awarded to the plaintiff. It can also provide coverage for claims that may arise after the completion of a project, such as latent defects. The policy can also be tailored to specific professions or industries.

By purchasing E&O insurance, professionals and businesses can protect themselves against the financial consequences of mistakes or oversights, and continue to provide their services with confidence. E&O insurance is a important form of risk management that can help professionals and businesses to manage the uncertainty and risk associated with providing professional services.

Provides coverage for an organization to pay for losses they may incur in the event of a cyberattack.

Cyber Liability Insurance (CyberRisk) is a type of insurance that protects businesses and organizations from financial losses caused by cyber-attacks, data breaches, and other forms of cybercrime. As technology advances, more and more sensitive information is stored and transmitted electronically, making it vulnerable to unauthorized access, theft, and destruction. Cyber liability insurance can help businesses and organizations to protect against these risks and to respond effectively in the event of a cyber incident.

Some common types of coverage provided by cyber liability insurance include:

• Data breach response and recovery, which can help businesses to contain and mitigate the effects of a data breach, as well as to notify affected individuals and comply with legal requirements.
• Loss of income, which can help businesses to recoup revenue lost as a result of a cyber incident.
• Extortion and ransomware, which can help businesses to respond to extortion attempts and to recover from ransomware attacks.
• Cybercrime, which covers businesses from loss or damage caused by hacking, phishing, malware, and other forms of cybercrime.

By purchasing cyber liability insurance, businesses and organizations can mitigate the financial risks associated with cybercrime and can respond effectively to cyber incidents. It can also help them to comply with increasingly stringent data protection regulations and to protect the sensitive information of their customers and employees.

Provides financial protection as a result of confiscation, nationalization or expropriation.

Political risk insurance is a type of insurance that protects businesses and investors from the potential financial losses caused by political events such as war, revolution, and government expropriation. This type of insurance is particularly useful for companies that operate in countries where political stability is uncertain or where the government's actions may be unpredictable. Some common types of political risk insurance include expropriation coverage, war and terrorism coverage, and currency inconvertibility coverage. By purchasing political risk insurance, companies can mitigate the risks associated with doing business in politically unstable regions and continue to operate with confidence.