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

Why Network Security Insurance for Universities is EssentialWhy Network Security Insurance for Universities is Essential

Many college and university administrators mistakenly assume that network security insurance for universities is not necessary for them, because they will never have a data breach. Insurance experts compare this to assuming that a business will never experience a fire, and thus not buying property insurance. Your educator clients are just as prone to a data breach as large companies who have actually experienced a breach, such as Target, and even Nasdaq. In fact, educational facilities..

Posted:June 17, 2014

Why Nonprofits Need Privacy and Network Security InsuranceWhy Nonprofits Need Privacy and Network Security Insurance

If any type of financial loss occurs within your nonprofits clients’ company, it could be significant enough to easily put them out of business. Unfortunately, Privacy and Network Security Insurance is not typically a high priority for nonprofits, but it should be!

Data breach threats or cyber-attack exposures come from a variety of sources. It could be due to an employee falling prey to email fishing, or a laptop being stolen from an employee’s car. It could even..

Posted:June 16, 2014

Why Errors and Omissions Insurance is essential for Escrow CompaniesWhy Errors and Omissions Insurance is Essential for Escrow Companies

As a neutral, trusted third party, your escrow agent clients have a lot of responsibility to the clients they serve, especially since those people may never even end up meeting each other. In addition to fiduciary responsibilities, escrow agents must secure the property and examine documents to make sure that all the terms of the sale are met on each end in order to serve both the buyer and the seller in the..

Posted:June 11, 2014

What EPLI Risks do Accountants FaceWhat EPLI Risks do Accountants Face?

Employment Practices Liability Insurance (EPLI) is coverage intended to protect businesses against three general areas of employment related issues; sexual harassment a hostile work environment claims, wrongful termination, and any type of discrimination (which can include discrimination based on sex, race, age, religion, nationality, family, disability and pay, etc.)

It’s clear to see why any and all employers should carry EPLI, even if they only have 1 or 2 employees. Accountants are no exception. In fact, the American Institute of CPAs..

Posted:June 9, 2014

EPLI Should Your Clients Put More Focus on Employee Mental HealthEPLI: Should Your Clients Put More Focus on Employee Mental Health?

What is mental health? Many employers hear this term and automatically think “mental illness”, which makes them apprehensive about discussing the topic, wanting to avoid the stigma around the issue. However, mental health issues, such as stress and fear of failure, should be very real concerns for employers, as they can drastically affect how your client’s employees perform. Is it time for your clients to rethink, and put more focus on..

Posted:May 28, 2014

How do Cyber Security Risks Impact the Real Estate IndustryHow do Cyber Security Risks Impact the Real Estate Industry?

Recent scenarios such as the Target data breach and the Neiman Marcus breach have brought significant attention to the issue of cyber liability. But it’s important to understand that cyber security risks don’t just affect retailers or brick and mortar stores; cyber risks also threaten the real estate industry.

Cyber threats can come in the form of a stolen laptop or mobile device, among other exposures. Misappropriated customer or tenant information could result in..

Posted:May 23, 2014

Franklin Lakes, NJ- PL Risk Advisors Inc. will be attending the Professional Insurance Alliance conference in Atlantic City from June 8th-10th.  Two representatives for PL Risks Advisors will be attending: Matthew Culkin and Tyler Brown, both from the Franklin Lakes, New Jersey office. They will be introducing a new and innovative wholesale insurance brokerage focusing on management and professional liability

At this conference, Matt and Tyler will be on hand to formally announce the formation of PL Risk Advisors, the new and innovative wholesale division of Axis Insurance Services LLC.

When asked what he thought about the launch of this company, Tyler..

Posted:May 22, 2014

Franklin Lakes, NJ – May 20, 2014 – Axis Insurance Services, LLC announced today the launch of PL Risk Advisors Inc. or PLRisk™ which will focus on providing Professional Liability and Management Liability Insurance products for retail producers throughout the country.   The main focus of this new brokerage firm will be to assist retail agents and brokers in obtaining professional/management liability solutions for their clients in the areas of Errors & Omissions, Directors & Officers, EPLI, Privacy & Network Security, and more.  The company also announced launching of their new website for PLRisk™,

In announcing this new company, Mike..

Posted:May 20, 2014

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