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..
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..
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..
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