How do your accounting clients prioritize their insurance needs? If Privacy & Network Security, also known as cybersecurity, is not at the forefront of their business protection plan, it should be. As reported by the Journal of Accountancy, mobile device use is among the most popular topics talked about in relation to network security risks. This technology is impacting the accounting profession in a huge way, exposing your accounting clients to new network security threats.
Franklin Lakes, NJ – May 7, 2014 – Axis Insurance Services, LLC is pleased to announce that Team Franklin Lakes Cares has exceeded their fundraising goal of $10,000 for Walk Now for Autism Speaks. This was made possible through many generous donations and multiple fundraising events organized by the team’s determined members.
Mike W. Smith, President of Axis Insurance Services, LLC said “I’m very excited we were able to reach this milestone for such a great cause. I appreciate all the time and effort our team spent and the generosity..
In the first part of this 2 part blog post, we looked at how your clients’ decision to implement a workplace flexibility program could affect their EPLI risks. EPLI Coverage is an essential part of protecting ones business from claims of discrimination and wrongful termination that can come from employees who either perceive these issues or are victim to these issues. While EPLI Coverage will provide the financial protection your client needs to recover from..
Over the past few years, there has been a much greater acceptance of flexible work schedules amongst employers, allowing employees to spend less time in the office itself while still getting their daily tasks done for work. In 2008, only half of employers offered a flexible work arrangement to employees. According to a new study from the Society for Human Resource Management and Families and Work Institute, now it’s about 67% of employers..
By now, many people have heard of the 2013 case where interns who worked on the film Black Swan filed a lawsuit against Fox Searchlight Pictures. The suit was filed in federal court in New York, and claimed that they were actually employees, not interns, and should have been paid. The court evaluated the case using a 2010 U.S. Department of Labor (DOL) Fact Sheet that provided specific requirements an unpaid internship must meet.
In June of 2013,..
Were you aware that employee theft is considered to be one of the largest vulnerabilities of commercial crime? As we discussed in a post titled “Why Your Clients Need Commercial Crime Insurance”, employee theft is just one of the crime-related exposures your business clients face. Another common risk businesses face is computer fraud. Computer fraud can be a result of a dishonest employee, vendor, or even customer. No matter who the culprit is though, it’s important..
Axis Insurance Services and PL Risk Advisors, Inc. wrote the following press release to announce a new addition to their recently opened wholesale division.
PL Risk Announces Company Expansion
Franklin Lakes, NJ – April 15, 2014 – PL Risk Advisors Inc. is pleased to announce that Tyler Brown has joined the company as a Professional and Management Liability Broker for their new wholesale company. Tyler brings more than 10 years of insurance experience, having held business development and leadership roles with both insurance carriers and insurance brokers.
In his new role with PL Risk,..
As the Affordable Care Act (ACA), or Healthcare Reform, begins to take effect many people are noticing how healthcare in general is different. At a recent medical insurance conference, questions were raised as to how exactly the ACA would affect the healthcare industry. Will providers face more risks? Will they face changing risks? What will an influx of new patients mean to the healthcare market place?
The concerns have arisen because doctors will now be seeing a much..
In today’s society, using social media as a way to connect is so commonplace in businesses that it’s pretty much just expected. With this technology, however, come risks. Risks may include EPL risks, Privacy & Network Security exposures, and more. Online communication is a powerful tool, but used in the wrong way it can create Social Media Professional Liability Risks for just about any type of company. So how can you and your clients address these risks?
First off, it’s important to..
Many times, events that are out of your clients’ control may lead to an EPLI claim. For example, what if a branch goes out of business, or your client is forced to lay off employees? Mergers and acquisitions are other things that will affect your clients’ employees, even though these decisions and changes may not be entirely in their control.
Unfortunately for these reasons, many employees who file a claim are going straight after the Directors..
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