Professional Liability Policies Are Unique
November 2, 2023
Unlike property insurance or even general liability insurance, the policy wording used for one client is not necessarily suitable for all clients.
Archive for the ‘Business’ Category
Cybersecurity Basics
September 21, 2023
If your business is the typical small or mid-sized business, you probably have somewhere between $500,000 and $2 million in liability coverage under your business owner policy (BOP) or commercial general liability policy. How does umbrella coverage work with these policies to provide extra liability protection?
EEOC Document Warns against Discriminatory Effects of Artificial Intelligence
August 18, 2023
The Equal Employment Opportunity Commission (EEOC) has issued a warning to employers who use automated systems, including artificial intelligence (AI), to monitor employees and make decisions about a range of employment matters. The document says its intent is to focus on preventing discrimination against job seekers and workers, in accordance with Title VII of the […]
Don’t Forget Your Umbrella
July 21, 2023
If your business is the typical small or mid-sized business, you probably have somewhere between $500,000 and $2 million in liability coverage under your business owner policy (BOP) or commercial general liability policy. How does umbrella coverage work with these policies to provide extra liability protection?
How Is EPLI Underwritten?
July 7, 2023
Underwriters use a variety of metrics to determine what to charge for Employment Practices Liability Insurance (EPLI) and the scope of coverage to offer.
“Nice to Have” Insurance Policies
June 17, 2023
Nice to have” insurance policies are policies that not all businesses carry but maybe should carry.
Protect Yourself When Working with Contractors
June 2, 2023
One of the most effective and simplest ways of protecting your organization from liability due to contractors’ and subcontractors’ operations is with Additional Insured coverage.
Common Misconceptions about Directors and Officers insurance
April 19, 2023
One of the major misconceptions about Directors and Officers insurance is that it’s only for publicly traded companies or non-profits. Chubb Insurance recently addressed this and other misconceptions: D&O is unnecessary because your business is privately-owned.Privately-owned companies face virtually the same exposures as publicly traded companies, but private company D&O policies can insure much more […]
Why You Might Need Surplus Lines Insurance — Even if You’re Not a Celebrity
April 5, 2023
You’ve heard of celebrities who buy insurance on signature body parts — Keith Richard’s middle finger ($1.6 million), Dolly Parton’s Breasts ($3.8 million), Jennifer Lopez’s butt ($27 million) and Mariah Carey’s legs ($1 billion). These transactions take place in what’s called the surplus lines market. Lloyd’s of London (pictured here) is the most famous entity […]
What Is D&O Coverage?
March 22, 2023
Decisions made by the boards of private companies are not immune from public scrutiny. Security holders, employees, customers, suppliers, competitors, and even the government can sue a privately-owned company and its board of directors. Additionally, as leaders of the company, the directors and officers can be found personally liable for their management decisions. D&O policies […]