Client Profile
Industry: Retail/Wholesale
Specialty: Retailer & Wholesaler of Technology Equipment
Location: New Jersey
Claim Information
Description: A newspaper article with purportedly false information was published about one of our Insureds, causing damage to the company's reputation. Through their Captive's Actual Net Loss Insurance Policy "Reputational Risk" coverage, they were able to recoup the expenses incurred through the process of recovering their reputation.
Line of Coverage: Reputational Risk
This exposure was elected for coverage by the client under their Captive Policy. This resulted in a claim payment amount of approximately $450,000.