Chris Kidd

Chris Kidd

Chris is a Client Executive in the Property and Casualty Practice at Gibson. She specializes in identifying business, strategic, and hazard risk exposures. Chris works with clients in developing and implementing risk management strategies to grow and protect their business.

Recent posts by Chris Kidd

2 min read

Management Liability Crime Considerations

By Chris Kidd on Jun 9, 2021 6:45:00 AM

During this very challenging and hardening insurance market, we recognize that eliminating certain types of insurance can be tempting. We often see requests to reduce or remove coverages like directors & officers liability, employment practices liability, fiduciary liability, and comprehensive crime coverage to allow for upfront premium savings. However, it is important to understand that eliminating these policies results in a gap in coverage and can actually increase your costs. Defending claims for actual or alleged wrongful acts related to managing your organization, your employees, and your employee benefit programs can be very costly. Any claim settlements would be an additional out-of-pocket expense to your bottom line.

Topics: Commercial Insurance Claims Commercial Risk Management