Earlier this year, we discussed some reasons why your clients need commercial crime insurance, citing potential risks such as forgery, theft of money, computer fraud, and the damaging of customer’s property from a break in and/or burglary. Your clients may not be aware, but commercial property loss actually occurs more often due to crime-related incidents than any other cause. While the right Commercial Crime Insurance Policy is the only way for your clients to financially protect themselves..
According to the Identity Theft Resource Center, so far this year there have been more than 530 data breaches throughout the U.S. While the individuals affected aren’t held liable for any fraudulent charges on stolen account numbers, their loss of personal information is definitely at stake, which means if it was your client that experienced the network security breach, they are likely to get sued.
In an earlier blog post we briefly explored how your..
California Employers must now contend with New Sick Leave Policy
On September 10th, California State Governor Edmund G. Brown signed the Healthy Workplaces, Healthy Families Act.  Scheduled to go into law on January 1st, the act also called the California Paid Sick Leave Act, forces employers to allow for paid sick leave after a certain amount of hours worked. In California’s case, annually it is one hour per thirty hours worked up to a maximum of twenty-four hours or three days.
Employers that are affected by this
All California employers in the state having employees that..
Terminating a client relationship is not something that is taken lightly in the legal community. The people who seek out a lawyer typically have a lot at stake, either financially, emotionally or both. Thus, terminating a relationship without any grounds to do so could certainly lead to an Attorney Professional Liability claim for your legal client.
Despite this, your legal client may still withdraw from a case in certain circumstances. For example if your client is violating the law or the rules..
As reported in an August 2014 article on the medical news website Newsmax Health, renowned pharmacy professor and medical author Joe Graedon, who has personal experience with a medical error resulting in the death of a loved one, says that mistakes throughout the medical community adds up to approximately 500,000 Americans annually. A huge number, Graedon attributes the majority of these mistakes to misdiagnosis.
Your clients in the medical field have a true challenge,..
In today’s society, it’s important to do all that you can to avoid professional liability claims. This is no different in the insurance industry. Insurance agents provide a valuable service to their customers, and may be held just as liable for a mistake or omission as any one of their service clients.
While the only sure-fire way to protect yourself financially from a claim of this type is with Professional Liability Insurance (also called errors &..
Earlier this year, we took a look at how the Affordable Care Act (ACA) may affect medical malpractice cases, citing the concerns over doctors seeing a much higher patient volume than in the past, leaving them potentially overwhelmed. According to various opponents of the ACA, the healthcare reform has not done anything to protect physicians and hospitals from potential malpractice claims or to deter the costs of defensive medicine.
According to a 2012 Oppenheim..
Financial Institution’s E&O
Weathering the Storm
Thursday, September 18 5:30 - 8:00 p.m.
Registration begins at 5:00 p.m.
Seminar 5:30 - 7
Reception 7 - 8 Vanderbilt Suites Hotel
MetLife Bldg, New York, NY 10166 This course has been approved for 1.5 CLE credits in New Jersey and New York through Winget, Spadafora & Schwartzberg, LLP.
James Kirtland, Vice President, Corporate Risk Management;
Mary McIvor, Global Head of Financial Institutions Claims;
American International Group
In a blog post earlier this year, we discussed why IT Consultants need professional liability insurance, such as in the case of a website glitch occurring and preventing their clients from being able to access their own data. Since this could result in severe financial loss for your clients’ customers, a lawsuit is definitely a possibility.
The good news is, it is possible to keep lawsuits at bay. Of course litigation is not entirely preventable,..
When it comes to obtaining insurance coverages, whether it’s for Professional Liability or Employment Practices Liability (EPL), it’s important for your prospective clients to understand that no business is immune to a lawsuit. It’s a common misconception that a business won’t get sued, or if it does your client can handle the financial repercussions on their own.
The problem with having this reactive attitude rather than a proactive approach, though, is that businesses are often surprised when a..
« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Next »