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Drones & Real Estate: A Liability?Improving and simplifying the real estate industry is always a desire for agents. As drones provide a simple way for agents to showcase their commercial and residential listings with ease, they have been slowly incorporated into the business in recent years. However, using these unmanned machines to capture aerial images is not without its risks. In addition to protecting your clients with a Real Estate Professional Liability Insurance policy, share the following advice with them.

Now that more and more real estate..



Posted:June 2, 2017

By Drew M. Smith

Franklin Lakes, NJ - PL Risk Advisors, Inc. is pleased to announce the promotion of Michael Brady to the position of Vice President – Finance. Mike had formerly held the position of Controller for the company. In his new position he will oversee all financial operations of the company including accounting, compliance, taxes and human resources for the consolidated companies.

The company’s President Mike Smith said “Mike has been a valuable asset to our company and has really learned our business in a short period of time. ..


Posted:May 30, 2017

By Drew M. Smith

PL Risk Advisors, Inc. is proud to announce they have been certified as a Continuing Education Provider by the department of banking and insurance for the state of New Jersey. The state recently approved the company to provide CE classes for insurance agents and brokers in New Jersey.

The three approved courses are:

  • Cyber Insurance: An overview of what it covers, assessments and claims scenarios.
  • Avoiding E&O Claims: Identifying key risk areas, claims scenarios and risk management.
  • Private Company D&O: An overview of what it is, what it covers and why private companies need it.

When asked about the new designation, CEO..


Posted:May 25, 2017

Liability Risks for Professional Service BusinessesThe quality of work that professional service businesses provide is the determining factor of their success. Therefore, simple yet common mistakes can compromise the quality of the work provided and cause miscommunication and similar liabilities. Avoiding these exposures takes some awareness and preparation, but it’s feasible. In addition to sharing the following information with your clients, ensure their Professional Service Liability Insurance risks are taken care of.
 

Client miscommunication.

Ineffective communication with clients is the leading factor that influences the success..



Posted:May 9, 2017

Employers often require their employees to do some amount of travel. In a dreaded scenario, the employee would suffer a loss, an injury, or even death while traveling within the U.S. or abroad. Therefore, employers need to protect themselves with the right liability coverage, as well provide their Directors and Officers with the necessary coverages to curb their risks.
 

Rental vehicles.

Getting from point A to point B all but requires employees to rent vehicles when they arrive at their destination. Employers can be held liable for damages incurred while the employee is operating a rental vehicle,..



Posted:April 27, 2017

Frequent Claims Faced by Real Estate AgentsIn such a tumultuous and litigious society, real estate agents are no strangers to liability claims. As these claims have seen a significant rise in the last few years, now more than ever it’s imperative to secure your clients' operations with a Real Estate Professional Liability Insurance policy. Next, share the following information with them to ensure they steer clear of the common pitfalls of the industry.
 

Fraud.

Fraud includes an element of intent for wrongdoing. Therefore, the plaintiff must prove that..



Posted:March 16, 2017

The Need for Accountant EPLIEmployment Practices Liability Insurance (EPLI) is coverage intended to protect businesses against three general areas of employment-related issues: sexual harassment and hostile work environment claims, wrongful termination, and any type of discrimination (which can include discrimination based on sex, race, age, religion, nationality, family, disability and pay, and more). Therefore, it’s evident why employers of all sizes and industries should carry this insurance policy, and accountants are no exception. The American Institute of CPAs (AICPA) recommends that EPLI be an integral..



Posted:February 23, 2017

Best Practices for Property ManagersProperty managers are tasked with ensuring that the tenants are well taken care of. From prioritizing resident requests to vetting the right contractors for routine maintenance, property managers often have a lot on their plates at any given time. Therefore, in order to reduce liability and mitigate risks, your clients should be equipped with a comprehensive Property Manager Professional Liability policy and adopt the following procedures into their practices.

Remember daily management.

Property managers cannot physically be in each location each day. Therefore, relying on..



Posted:January 19, 2017

PL Risk Advisors, Inc. of Franklin Lakes, NJ announced today that the company has now completed its third full year of operations as a specialty wholesaler for professional and management lines. The company has achieved a 50 percent growth during the past year. Additionally, new sales for the company have continued to increase each quarter as the company solidifies its markets and expands its network of retail producers. Year to year new sales increased by 110% with 4th quarter trends representing 43% of the annual growth.  The company..



Posted:January 17, 2017

Reducing E&O Risks for Insurance AgentsYour insurance agent clients are experts in their fields and seek to provide the most quality and comprehensive coverage to their customers. However, are they are protected as those they serve? Therefore, ensure your insurance experts are protected with the right Insurance Agent Professional Liability Program to secure their operations and mitigate risk and financial burden. In addition, share the following information with them.

The vast majority of claims come from allegations of misrepresentation. Insureon states that these claims account..



Posted:December 14, 2016

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