Frequently. Corporate clients often require E&O at one million or more with additional insured status.
Disclose it. Workplace investigations carry defamation and privacy exposure beyond standard consulting.
Substantially. Personnel files are among the most sensitive data you can hold.
Yes, once you employ anyone. It's separate from liability for advice you give clients.
If your advice is alleged to have caused it, yes. E&O responds to the defense and damages.
Fraud is a crime
If your application contains purposefully misleading, absent, or inaccurate information, you could be charged with fraud. Your insurance carrier could potentially void your policy, or you could face civil or criminal charges or penalties.
Any person who knowingly and with intent to defraud any insurance company or other person, files an application for insurance or statement of claim containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent act, which is a crime.
