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

Offering Employer-Sponsored Retirement Benefits Pros and ConsAs retirement plans can be a great addition to an existing compensation package and improve the future of employees, it is important to understand the pros and cons of offering such coverage. While navigating the complexities of retirement plans and its benefits, Fiduciary Liability Insurance can help to mitigate any potential missteps and protect against litigation.

There are numerous benefits to offering retirement packages. For small business owners, in particular, offering a retirement plan as an employee benefit allows the owner to take advantage..

Posted:October 23, 2015

Common Types of Employee Fraud for Companies to Watch ForEmployee crime is one of the leading causes of company loss each year. At a staggering 5 percent average loss, it is imperative that employee fraud is recognized and prevented. While a Commercial Crime Insurance Program will benefit a company in the event of a case, the following common fraudulent activity types should be recognized in order to prevent a variety of scams.

Monetary Theft- While the typical scheme involves stealing cash from the company, more sophisticated activity involves fraudulent disbursements,..

Posted:October 21, 2015

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