Claims made due to errors and omissions (E&O), or professional liability issues, are some of the most common claims amongst the commercial real estate industry. Last month, we reviewed the basics of commercial real estate errors and omissions insurance, noting that it only takes one small mistake for your client to be facing a potentially costly legal debate. While the only way for your clients to truly protect themselves financially from these..
Back in June, we discussed how detrimental a cyber-security or data breach could be could be to law firms and independent lawyers. Hackers are increasingly attacking this “goldmine” of sensitive and confidential data, causing attorneys and lawyers to take a good, hard look at how they can best protect their digital information. Of course, the only fool-proof way there is for your lawyer clients to financially protect themselves after a data breach..
The shift to digital is not a new concept, yet the insurance industry lags behind other industries when it comes to transforming with the changes. Experts say that those agencies and carriers who fail to recognize digital disruption will be left behind, as customers will turn to those companies that improve customer experience and operational efficiency by employing a strong online presence and online marketing strategy.
Online data is essential to gaining customer insights, offering new products and..
With the high profile data breaches that have happened in recent months, cyber or privacy and network security have been topping headlines in various news articles. Most of these articles will tell you and your clients how important it is to have privacy and network security insurance, and also give you tips on how to prevent them from occurring all together. However, what if a data breach has already occurred? Whether it’s your agency or your client’s..
In any business, the most important part of good customer service is meeting your customer’s needs. This is no different for insurance agents and brokers. Meeting your customer’s needs does not necessarily mean just giving them what they’ve asked for. Many insurance experts will agree that if you’ve sold a customer on one product, you then have a good deal of leverage to sell them other insurance products. Asking the right questions is key to..
Employment Practices Liability (EPL) Insurance is designed to provide defense and indemnification to businesses named in lawsuits based on employment decisions and actions. Your clients may face a claim against wrongful termination, harassment of some kind, or discrimination based on gender, age, race, etc. Even if these claims are unfounded, the defense costs and legal fees your client would face could be detrimental to just about any type of business.
Everyone is aware by now of the Hobby..
Directors and Officers Insurance (D&O) is liability insurance that is intended to financially protect the leaders of a company, by providing reimbursement for losses or advancement of defense costs in the event that an insured suffers a loss that is a result of legal action brought against them for wrongful acts. It has long been assumed that this type of insurance coverage is only necessary for large and public companies, since they have the most..
Inaugural CEO Boot Camp Program Prepares New York All-Stars for 21st Century Success
NEW YORK, NEW YORK (June 25, 2014) — After-School All-Stars New York will host 40 students from New York City at its inaugural “CEO Boot Camp”, a week-long overnight camp focusing on career exploration at St. John’s University (8000 Utopia Pkwy, Queens, NY 11439) from June 28 –July 3. Through workshops, mentoring, leadership training, group activities, and trips to dialogue with local business professionals, CEO Boot Camp builds on the public speaking, goal-setting, teamwork, and leadership skills students have practiced throughout the school year as part of ASAS’s..
The financial sector, which includes your accountant clients, tax preparers, and any other financial professionals, is required to be meticulous with data and have a sharp eye for errors. Making a mistake with one of their customers’ accounts could be detrimental not only to that individual, but also to your client, who can be held liable in a costly legal claim.
Of course, everybody makes mistakes. However, for financial professionals, even the smallest error..
When it comes to industries that are not only most likely to get hit with a cyber-attack, but also most likely to be detrimentally affected, law firms are at the top of the list. Hackers are increasingly targeting the legal profession for the “goldmine” of sensitive and confidential data that law firms hold. Not only do Privacy and Network Security experts feel that lawyers are susceptible to these cyber risks, one specialist goes as far as to say that..
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