Executive Risk | Property & Casualty

Executive Risk

Protecting Individuals & Organizations from the Risks of Serving in Executive Positions.

Simply running your business creates risks and exposures for owners, board directors and key executives.  Liability is more prevalent than ever with rising cases of lawsuits, cyberattacks, employment claims and even ransom or kidnapping. These risks are all not by your commercial general liability and could result in significant out-of-pocket expenses.

CBIZ Insurance Services offers coverage for these exposures. Our Executive Risk Insurance policies protect firms and their leadership from claims that originate from daily operations and simply conducting business. We protect key individuals and organizations of all sizes and across all industries.


We are experience in protecting our commercial clients from a large array of exposures that fall under executive risk. Our risk advisors work with you to create an effective risk management strategy to address your unique exposures through risk control techniques and insurance coverage to mitigate your loss.


Executive Risk Solutions

Cyber Liability

Any business trusted with their customers’ personal identification information (PII) is liable to protect this data from potential network and privacy exposures. Cyber liability insurance safeguards your organization from data or security exposures. CBIZ Insurance Services offers policies that can be developed to cover legal liability, defense costs and expense reimbursement (notification costs, forensic accounting costs, credit monitoring costs). Our risk experts will provide you cyber liability coverage customized to meet your unique needs.

Potential data and privacy exposures include:   

  • Business Interruption
  • Malicious Code
  • Cyber Extortion Threat
  • Missing Data
  • Data Protection Loss
  • Privacy Breach
  • Digital Asset Theft
  • Unauthorized Access
  • Human Error

Directors & Officers Liability (D&O)

Directors & Officers Liability (D&O) Insurance provides your officers and board members coverage for damages (settlements or awards) and defense costs that arise from lawsuits alleging various wrongful acts, including:

  • Actual or alleged management errors or omissions
  • Misrepresentation, misleading statement or deceptive action
  • Neglect or breach of duties by your directors and officers

Our consultants have extensive underwriting and placement experience critical to securing the best D&O coverage based on your specific needs.

Employment Practices Liability (EPL)

Employment Practices Liability (EPL) Insurance protects by insuring your organization, directors, officers and employees for actual or alleged employment wrongful acts such as:

  • Discrimination (Race, Age or Gender)
  • Failure to Hire or Promote
  • Failure to Enforce Adequate Workplace Policies & Procedures
  • Sexual & Workplace Harassment Wrongful Termination (Actual, Constructive)

Employment continues to develop new and increased exposures leaving your organization exposed. Carrying EPL insurance can protect your business from loss due to employment practices protection from a potentially catastrophic risk.

Errors & Omissions (E&O)/Professional Liability

CBIZ Insurance Services has extensive experience securing coverage for traditional and nontraditional errors & omissions exposures for companies of all types and sizes, including:

  • Accountants
  • Architects & Engineers
  • Consultants
  • Defense Contractors
  • Financial Firms
  • Lawyers
  • Manufacturers
  • Technology/IT Companies

Many other professions can be liable of errors & omissions of failing to provide a service(s). Your business could potentially suffer significant defense costs, settlements or court awards. Professional liability and E&O protections are used interchangeably to describe the coverage available to cover these risks. The insurance is generally written to cover costs and damages from claim allegations of failure to provide professional services where a service fee was charged. Your policy is tailored to meet your business’ specific needs.

Employee Dishonesty & Commercial Crime Insurance

In today’s technologically-advanced environment, your business can perform its operations quickly, easily and effectively. With highly developed technology comes complex exposure to a new set of risks that can threaten your company’s financial and non-financial assets.

Commercial Crime Insurance protects your business from losses of money, securities and other property caused by both employee and nonemployee dishonest acts. Dangers such as employee theft, fraud, computer fraud, burglary and robbery can be covered. Additionally, coverage for the ERISA-mandated employee dishonesty bond could be added to your corporate crime policy. CBIZ Insurance Services’ risk professionals can help you respond to new risks and exposures by designing a crime program for your unique industry or business.

Fiduciary Liability

Fiduciary Liability Insurance is designed to protect both your company and its individual trustees/fiduciaries. It provides coverage for:

  • Actual or Alleged ERISA Violations
  • Administrative Errors & Omissions
  • Breach of ERISA Fiduciary Duties
  • Civil Penalties for Inadvertent ERISA Violations
  • COBRA or HIPAA Obligations
  • Negligent Benefit Plan Administration
  • Terminated, Sold or Merged Plans

Kidnap & Ransom Insurance

Kidnapping, ransom and extortion are concerns for your business’ executives and travelers both nationally and internationally. Securing kidnap, ransom and extortion coverage can protect your organization and its employees. This policy typically pays for ransom demands and other globally-related kidnapping or extortion expenses. Common policy features include:

  • Accidental Death & Dismemberment
  • Bodily Injury Extortion
  • Computer System Extortion
  • Covered Event Related Expenses
  • Covered Event Legal Obligations
  • Kidnapping Ransom Demands

Media Liability

Media Liability Insurance helps protect your business against claims resulting from gathering and communicating information. Critical for any media organization, a variety of claims can be asserted against the media (e.g., copyright infringement, unlicensed and/or unauthorized replication of copyrighted materials or proprietary software).

Mergers & Acquisitions (M&A), International & Tax Insurance

CBIZ Insurance Services has the expertise and the necessary relationships with domestic providers and international intermediaries in the areas of mergers & acquisitions, international exposures and tax insurance to meet all your insurance and risk transfer needs. Our holistic and consultative approach enables us to specifically tailor comprehensive executive protection programs to satisfy your insurance needs and obligations.

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Risk Management and Insurance Consulting for Businesses

Our trusted advisors provide strategic insurance solutions, from risk management to executive risk, that address your unique pain points and goals.