Archive for the ‘Insurance’ Category

Man Holding cool Umbrella.

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?

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Employee meeting in a conference room

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.

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Close up of pen and paper in board of directors meeting

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 […]

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Businessman signing insurance document

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 […]

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Board of Directors Meeting

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 […]

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Gavel next to judge doing paperwork

What Is Social Inflation?

March 8, 2023

We know what economic inflation is, which is bad enough, but social inflation can make claims costs rise even more, often well exceeding general economic inflation. Social inflation is an indicator of how society is shifting its preferences for determining who is best placed to absorb risk, according to a new white paper by the […]

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