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How is Digital Technology Effecting the Insurance IndustryHow is Digital Technology Affecting the Insurance Industry?

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..



Posted:July 18, 2014

Privacy and Network Security: Recovering From a BreachPrivacy and Network Security: Recovering From a Breach

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..



Posted:July 16, 2014

Insurance Agent Professional Liability Why Agents Should Cross SellInsurance Agent Professional Liability: Why Agents Should Cross Sell

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..



Posted:July 14, 2014
Posted in: Agents

Is the ACA Increasing Employment Practices Liability RisksIs the ACA Increasing Employment Practices Liability Risks?

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..



Posted:July 11, 2014

Insuring Directors and Officers of Small or Private CompaniesInsuring Directors and Officers of Small or Private Companies

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..



Posted:June 27, 2014

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..



Posted:June 26, 2014
Posted in: Events

Exploring the Need for E&O Insurance for the Financial SectorExploring the Need for E&O Insurance for the Financial Sector

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..



Posted:June 25, 2014

Assessing Lawyers’ Privacy and Network Security RisksAssessing Lawyers’ Privacy and Network Security Risks

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..



Posted:June 23, 2014

How Network Security and Medical Malpractice go Hand in HandHow Network Security and Medical Malpractice go Hand in Hand

Insurance experts nationwide are increasingly seeing a growing liability dealing with private patient medical information being digitally accessible from the internet. The concern over the perceived lack of network security has grown large enough that many medical malpractice insurance companies are finding that they must offer physicians the option to purchase network security insurance as well. Some medical malpractice insurance carriers are even going as far as offering cyber liability as part of..



Posted:June 20, 2014

The Basics of Commercial Real Estate Errors and Omissions InsuranceThe Basics of Commercial Real Estate Errors and Omissions Insurance

Unfortunately, one of the most common industries that faces Errors and Omissions (E&O) Insurance, or Professional Liability, claims is the commercial real estate business. Your clients within this field are at risk of being accused of failing to meet a client’s expectations, failing to document decisions or actions, or failing to act in a customer’s best interest. The most important thing to remember about Commercial Real Estate Errors and Omissions is that it..



Posted:June 18, 2014

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