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..
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..
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..
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