The hiring process is a complex, multistep process. While many routine practices are being scrutinized, it is imperative that a firm maintains EPLI Insurance Program to protect against the potential litigation risk during the hiring and onboarding process.
While the standard inquiry of any criminal history has long been a part of a standard job application, a new movement, titled “ban the box” has made waves via the Equal Employment Opportunity agency. This law precludes employers from asking an applicant whether he or she..
Mergers and acquisitions are a common among insurance and risk management firms. In recent Insurance Industry News , Property Casualty 360 has released a list of a few large firms that have merged together.
One such company, York Risk Services Group, announced its acquisition of Brandon, Mississippi based Quick Cat LLC, Quick Cat is known for their commercial lines that offer catastrophe claim services nationally, and even supplies international relief when necessary. According to PC, the acquisition will enhance the services and resources York offers..
As new directors learn the practices of their company, they subjected to absorb a variety of different learning curves. Although inexperience is inevitable, the following mistakes are common while learning the ropes. However, Directors and Officers Risks can be curbed with proper insurance coverage and safe business practices.
Keeping the Star Mindset- Getting promoted is not an easy task and requires plenty of effort and work. However, the director’s mindset should be more focused on encouraging other’s success and hard work. For example, Lindsey..
While every business has its stress factors, there are ways in which they can be reduced. In conjunction with Directors and Officers Liability Insurance, recommend these healthy habits.
Identify Source of Pressure- Even though not every source of stress is controllable, identify all of the factors and determine how they can be managed. This will bring some clarity to the situation and keep from obsessing about things that are beyond your sphere of influence, according to Inside Counsel.
Be Proactive- While not..
As technology develops, more cyber risks become inherent to businesses. In the wake of presidential candidate Hillary Clinton’s indiscretion and mishandling of confidential communications over her personal and business email accounts, this issue of email security has been publicly magnified. To properly protect your client’s information, a Privacy and Network Security Program is critical.
While most business owners assume that mixing personal and business accounts is a time saving tactic, Philippe Weiss of Seyfarth Shaw at Work disagrees. The issue today arises “partly because..
Professional development is an essential component of any profession. Continuing to stay abreast on new field developments, novel technologies, and improving skills are all beneficial to the employee and the employer. Especially in terms of marketing and business development, some experts argue that these skills are required in order to be competitive. In addition to protecting the firm with Legal Liability Insurance, consider the following tips to promote professional development.
Building Credibility- Rapport and credibility takes time to establish among clientele and can be easily..
In our last post, we discussed some of the Ways in Which Cyber-Attacks Can be Reduced and Prevented. As these attacks are becoming more threatening to the majority of healthcare businesses, the last installment of prevention techniques will be divulged. These strategies, in addition to Healthcare Cyber Liability protection, can ensure company success.
Corrective Action Readiness Plan- Immediately following a breach, the healthcare facility should be prepared to respond both internally and externally. The end users should be made aware..
In the wake of the digital age, cyber-crime is becoming more and more prevalent. While mostly all businesses are susceptible to data breaches, medical practices in particular are at high-risk for suffering immense loss. In order to reduce Healthcare Cyber Liability, consider the following 5 practices to safeguard assets and property.
Inside Counsel reports that the Food and Drug Administration’s recent Safety Alert regarding Hospira’s PCA3 and PCA5 Infusion Pump Systems stated “Many medical devices contain configurable embedded computer..
In a study completed by the Securities and Exchange Commission (SEC) and the Justice Department (DOJ), the main components with regulation violations were exposed. Broken down into four main categories, the violations can be identified as fraud, corruption, cybercrime and social issues. As violations are an inherent part of any directors and officer’s concern, a proper Directors and Officers Liability Program can help to mitigate loss and reduce risk.
Fraud- This category encompasses not only lost assets, but also misrepresentation of company funds and financial statements, as..
New laws are on the horizon for managing data security breaches. A recently proposed law, in fact, seeks to protect the consumer by notifying them when their information has been compromised and to reduce the occurrence of these breaches altogether. As this issue is increasingly problematic, employing the proper Privacy and Network Security Programs can help to alleviate the risk.
While 47 states and the District of Columbia each have their own definition of what a data breach is and how these events..
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