Lesser Known Crimes Affecting BusinessesWhile common white-collar crimes such as embezzlement and bribery are no stranger to business operations, there are other threats that exist that don’t receive as much publicity. These lesser known crimes pose severe threats to the corporate world and should be taken seriously to avoid harsh consequences and even business interruption. In order to protect the company, your clients should invest in a Commercial Crime Insurance Program.

Environmental Schemes- According to Small Business Trends, these involve fraudulent practices by individuals, corporations, organizations, and..

Posted:November 30, 2015

Could Sexual Harassment be a Professional Liability IssueThe issue of sexual harassment is not typically associated with professional liability insurance coverage. However, as some cases have some to surface which intertwine sexual abuse and professionalism, the question has been raised; should coverage extend to these claims under specific circumstances? In the following case, Errors and Omissions Insurance Program was required to respond to the sexual harassment claims against this professional.

As the Connecticut Supreme Court stated, “when a medically negligent procedure so inextricably intertwined and inseparable from the intentional conduct that..

Posted:November 23, 2015

Exploring the Need for Better Law Firm CybersecurityIn our recent posts, we have discussed the relevance for law firms to adopt a secure cyber security policy. Over the last few years, these threats have become significant threats to both small companies and large corporations, threatening their livelihood, reputation, and success. To protect against these exposures, a Lawyer Cyber Liability is critical.

Every law firm controls and has access to client’s confidential information. While they may not have much cash on hand, the information that can be swiped via a data..

Posted:November 18, 2015

Demand for Employee Satisfaction Calls for Updated HR SoftwareAs employment practices are constantly under scrutiny and employees demand a more satisfactory work environment, new developments have become available to promote this. Kronos Inc. has recently unveiled its pilot software for improving employee scheduling, productivity, and ultimately, employee happiness. While products like these are tested and companies work to accommodate their staff, a proper EPL Insurance Program is recommended.

With the recent uproar about retail giants using inconsistent and unfair scheduling tactics such as on-call and last minute shifts, this new..

Posted:November 16, 2015

Should Client Dissatisfaction be Reported to your E&O CarrierAs professionals, it is impossible to please every single client. Even with the best business practices and evident focus on client relationships, customer dissatisfaction is a reality of operating any type of business-justifiable or not. As some complaints can lead to severe consequences and lawsuits, a Professional Liability for Insurance Agents policy is required to protect their operations.

When customer dissatisfaction becomes a lawsuit, the proper insurance coverage is needed. However, the limitations and types of claim coverage vary. Almost every professional..

Posted:November 13, 2015

Examining the Top Threats to Privacy and Network Security The International Association of Privacy Professionals (IAPP) performed a survey to conclude the biggest threats to corporate security. What was found was that inside hackers and vendors are the two most common extortions that are mostly overlooked by companies. To protect the firm, a Privacy and Network Security Program is critical.

David Perla, President of Bloomberg Law, stated “We’ve all seen the damage that data breaches can inflict on corporations. It’s time to go beyond the headlines to..

Posted:November 11, 2015

The Importance of Timely EPLI Claims Reporting The most common types of claims are those made against the insured and sent to the insurance company for payment. These “claims made” are time sensitive in nature and require prompt reporting. In addition to obtaining an Employment Practices Liability Insurance Program, these considerations should be made the next time a claim is filed against your clients’ company.

According to Lexology, “Claims made” insurance triggers coverage when the claim is made against the insured and reported to the insurer; contrarily,..

Posted:November 9, 2015

UnitedHealth Close to Proposing Merger Deal Staying competitive is critical for success in the healthcare industry. In order to strengthen assets and business practices, Insurance Mergers and Acquisitions commonly occur to combine resources and markets to achieve such goals. As more merger and acquisition activity becomes increasingly popular, a major healthcare company has recently announced its plans to move forward with a big-budget plan.

UnitedHealth Group Inc. has made it evident that a potential merger proposal is in the works to potentially acquire Helios, a Memphis, Tennessee health insurance company...

Posted:November 6, 2015

Workplace Flexibility in Legal Firms Improving Employee EngagementA recent panel at the Women, Influence & Power in Law conference has brought about conversation regarding workplace flexibility. While lawyers have historically been known to work long, harsh hours, a panel of four top-ranked legal experts is challenging the notion of a traditional legal workplace. Regardless of the type of workplace enforced, Employment Practices Liability Program for Legal Firms should be evaluated and updated.

The panel included Laura Cox, principal-in-charge of government, regulatory affairs and public policy at PwC, Maria Pasquale, senior..

Posted:November 2, 2015

Commercial Crime Insurance A Necessity for Your ClientsAs your clients are aware, employee crime accounts for the most loss suffered by companies each year. Although unfortunate, this type of illegal activity results in massive property loss and reputational damage. What’s more, there are various types of fraudulent activities that each client should be aware of. In order to mitigate these risks, is it paramount to carry Commercial Crime Insurance. The following are the top four ways in which companies suffer loss each year.

Forgery or Alteration- Forged financial documents such..

Posted:October 27, 2015

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