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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HVAC equipment testing

Why You Need Equipment Breakdown Coverage

February 14, 2023

Equipment Breakdown insurance was formerly called Boiler & Machinery insurance. But they changed the name because these policies now cover so much more than boilers and machinery. Insurers introduced boiler and machinery coverage in the mid-1800s to cover valuable steam-powered machinery from explosion or breakdown, and to cover the equipment’s owner from liability for resulting […]

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Hand knocking over dominoes

What Does “Proximate Cause” Mean in Insurance?

January 31, 2023

How does it apply in a case involving the ransomware payment from a cryptocurrency account? Proximate cause, which refers to the closest/first cause of an accident, is a basic principle of insurance. Although there are several classic examples of how proximate cause works, a case involving cryptocurrency was recently decided based on the principle of […]

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Drivers on Snowy Freeway

8 Winter Driving Tips for Commercial and Personal Vehicle Drivers

January 14, 2023

Driving safely in winter weather can be challenging for even the most experienced driver. Whether your firm employs commercial vehicle drivers or most of the driving at your firm involves employees driving personal passenger vehicles, the following tips selected from the Federal Motor Carrier Safety Administration website will help drivers avoid dangerous situations, especially in […]

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stack of coins

How To Create a Pay Scale

December 28, 2022

One of the new laws going into effect in California on 1/1/2023 requires the disclosure of company pay information by employers. Pay scale disclosure (SB1162) applies to all employers, however, the rules are different for different company sizes. All employers will be required to develop pay scales to comply with this law. In addition: A […]

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5 Tips for Getting the Best Cyber Coverage

December 16, 2022

1. Obtain Retroactive Coverage Many cyber policies are claims-made, meaning they will only cover incidents that occurred during the policy period. Let’s say your cyber policy has an inception date of January 1, 2022, and several days later you discover that three months previously you started having cyber breaches. The incidents that occurred prior to […]

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90% of Risk Managers at Least Moderately Concerned about Cyber Attacks

December 2, 2022

A recent survey of risk managers—those charged with identifying, evaluating, and selecting the best techniques to mitigate risk—by Nationwide Insurance revealed that cybersecurity takes up a substantial portion of their budgets. 68% expect these budgets will continue to grow in the coming years. Nationwide’s previous studies have revealed that consumers as well as small to […]

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ESG Movement Begins to Impact Insurers

November 22, 2022

In October, Munich Reinsurance Co., the world’s largest reinsurer, announced new stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists. Munich RE has said on its website that as of April 2023 it would not invest or insure projects involving new oil and gas fields or new midstream […]

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Standalone Website Not a Public Accommodation

October 28, 2022

If you read our story “Is Your Website Discriminatory?” you know that the website accessibility provisions in Title III of the ADA apply specifically to places of public accommodation. 42 U.S.C. § 12182(b)(2)(A)(iii). There is an issue, however, with how the phrase public accommodation Is defined. Last month a California state appeals court held that […]

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