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..
As we’ve discussed in a number of previous posts, Professional Liability or Errors and Omissions Insurance is a necessary coverage for any business that provides services or professional advice to their customers. While it can benefit any industry or business though, there are some businesses that stand out amongst those who need in the most.
For example, one industry where Errors and Omissions Insurance is particularly important is financial institutions. As we mentioned in our post..
When it comes to employment law, your Professional Liability clients likely have many questions. One of the most common questions employers have is about how to avoid EPLI claims. To answer this question, it’s important to know what EPLI claims are the most common. Employment lawyers tend to take EPLI Wage and Hour Dispute Claims the most seriously when it comes to employment law.
EPLI Wage and Hour..
Due to the recent upsurge of well-publicized data breaches, cyber insurance is gaining a lot of relevance. Privacy and Network Security should be a priority for all types of businesses, even insurance agents. What’s important to remember about privacy and network security, is that there is a lot more to it than just protecting every day data breaches and losses. Cyber insurance policies can provide coverage for a number of..
As a business professional who provides services and advice to clients, you are just as much at risk of an insurance agent professional liability claim as one of your clients is at risk of an E&O, or professional liability, claim. Due to this it’s imperative that you be financially covered with an insurance agent professional liability insurance policy, but also that you provide leadership to other employees of your agency, so that they will understand..
Social media use has become synonymous with marketing, no matter what type of business it is for. Insurance agents especially have found that social media marketing is an incredible tool, giving them the power to reach a broad range of clients and potential clients.
The key to implementing a successful social marketing campaign is having a strategy. This strategy should be drawn out on a written plan, with a guide that spells out the various issues..
Are your architect clients aware of their need for Directors and Officers (D&O) Insurance? Typically, when an architect firm expands and takes on a new manager or director, in many cases they will demand D&O coverage as a conditions of serving or employment because they want to be protected and have their personal assets protect.
Architect D&O and Professional Liability Insurance protects these individuals in the event they are personally sued, often in addition to..
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