Why does my policy have more than one deductible?

A policy commonly carries a flat deductible for most claims and a separate percentage-based wind and hail deductible in storm-exposed states like Georgia.

Does my own insurance cover me when I stay in an Airbnb or VRBO?

The host's short-term rental policy protects the host, not you. As an Airbnb or VRBO guest, your own homeowners or renters insurance usually covers your belongings and personal liability away from home, within policy limits, while travel insurance covers trip-specific risks neither the host nor your home policy will.

Does homeowners insurance cover flood damage?

No. Standard homeowners policies exclude all flood damage regardless of cause.

What does uninsured motorist coverage do?

If you are hit by a driver with no insurance or not enough insurance, uninsured and underinsured motorist coverage pays your medical bills.

When do we use Selective for flood coverage versus NFIP?

Selective private flood wins for Zone X and moderate AE properties where it beats NFIP on price and offers higher limits with ALE coverage.

How much does management liability insurance cost in Georgia?

All FAQs

Quick answer: A bundled program usually runs $1,500 to $8,000 per year. Broken out, private company D&O commonly runs $2,500 to $15,000 per year for $1 million to $5 million in limits, EPL runs $1,000 to $4,000, and fiduciary liability runs $750 to $2,500. Payroll, employee count, and industry drive the final figure.

A bundled Georgia management liability program, combining directors and officers (D&O) coverage, employment practices liability (EPL) coverage, and fiduciary liability coverage (coverage for the people who manage a company's 401(k) or pension plan), usually runs $1,500 to $8,000 per year. Broken into its parts, private company D&O commonly costs $2,500 to $15,000 per year for $1 million to $5 million in limits, EPL runs $1,000 to $4,000, and fiduciary liability runs $750 to $2,500.

Several factors move a business within those ranges. Payroll size and employee count matter most for EPL pricing, since more employees mean more potential claimants. Industry matters for all three coverages: businesses in sectors with frequent employment litigation, such as retail, hospitality, and healthcare, tend to see higher EPL premiums than a professional services firm of the same size. Revenue and balance sheet size drive D&O pricing, since a larger company represents a larger potential judgment. For fiduciary liability, the size of the retirement plan's assets and the number of participants are the main drivers.

Claims history also affects renewal pricing. A company with a prior EPL claim, even one that settled for a modest amount, typically sees a higher premium at renewal than a similar company with a clean claims history.

Example: a Georgia professional services firm with 15 employees and a $500,000 401(k) plan sits closer to the lower end of each range, given its modest payroll, lower-litigation-frequency industry, and small retirement plan. A Georgia hospitality business with 60 employees, higher turnover, and a $3 million 401(k) plan sits closer to the higher end across all three coverages because of its larger workforce, higher-turnover industry, and larger plan assets.

Bundling the three coverages into a single management liability program, rather than buying each one separately, is one factor that can affect the total premium. Georgia management liability insurance is available through Olive Cover as either a bundled program or individual coverages. The differences between the three coverage types are explained in D&O, EPL, and fiduciary liability compared, and coverage is not legally required in Georgia, as covered in does Georgia require management liability insurance. A coverage review can price a program against a business's actual payroll, industry, and plan size.