The Importance of Architects Professional Liability InsuranceThe Importance of Professional Liability Insurance for Architects

It’s been almost a year since Superstorm Sandy hit the Northeast, and for some coastal communities, the rebuilding has only just begun. There has been a lot of talk about elevating roadways to prevent some of the damage that was done last year. With that, many homes are being lifted as well. Of course, with these new building designs come risks for the architects that take the projects on. These architects have to face new federal regulations in..

Posted:November 21, 2013

Insurance Agent Professional Liability: Common Sales TechniquesInsurance Agent Professional Liability: Common Sales Techniques

Whichever type of insurance you sell, the goal is always the same. That is, to grow leads and increase your sales. Below are some common insurance sales techniques used by experienced agents.

Actively listen. Many insurance agents say that the best thing you can do is let your prospect lead the discussion. Instead of pitching your product, sit down and ask the person you are speaking with about their lifestyle, asking questions about their family or business and concerns..

Posted:November 20, 2013

Professional Liability Insurance for Insurance AgentsProfessional Liability Insurance for Insurance Agents

Almost 1 in 7 insurance agents will be involved in an Errors and Omissions claim at least once during their career.

Insurance agents are one of the most commonly sued professionals, making the need for professional liability insurance coverage necessary.

When offering services to any client, there's always the potential to make a mistake that results in a lawsuit being brought against you.

Here are just a few examples of professional liability claims that insurance may face:

  • Not maintaining detailed client records
  • Omitting important client..

Posted:November 14, 2013

Professional Liability: The Qualities of a Successful Insurance AgentProfessional Liability: The Qualities of a Successful Insurance Agent

In a previous post, we talked about how important it is for successful insurance agents to have good communication skills, as certain insurance products can sometimes be complicated to understand. In addition to communication skills, here are several qualities that a successful insurance agent should possess, at least to some degree.

People skills

Some insurance agents and brokers say that the hardest part of their job is earning the trust of their client. However, this can..

Posted:November 12, 2013

Why Businesses Need Professional Liability InsuranceWhy Businesses Need Professional Liability Insurance

Professional Liability Insurance, sometimes more commonly known as Errors and Omissions or E&O, is liability insurance that helps protect individuals and companies that provide professional advice or services. In the event of a negligence claim made by a client, this type of insurance will protect your business client from suffering the full costs of defending their entity.

One of the most common forms of professional liability insurance that most individuals are familiar with is malpractice insurance for healthcare providers. However, there..

Posted:November 7, 2013

The Role Social Media Plays in Cyber Risk ManagementThe Role Social Media Plays in Cyber Risk Management

Would you believe that about two-thirds of the U.S. adult population has a presence on a social media networking platform? Corporate America is part of this statistic, with companies now constantly promoting their social media presence by inviting consumers to like them on Facebook or follow them on Twitter. Last year was the first year that corporate spending for online and social media marketing actually exceeded spending for print advertising.

It shouldn’t come as a surprise..

Posted:November 6, 2013

How to Handle an Errors and Omissions LawsuitHow to Handle an Errors and Omissions Lawsuit

Any company that provides services or professional advice is at risk of being held liable in an Errors and Omissions lawsuit or claim. This is why it’s imperative to have an insurance policy in place to financially protect your business and its assets.

In some cases, a lawsuit is unfortunately unavoidable. However, handling it with professionalism and knowing what to expect can get you through this process as painlessly as possible. The most important thing to remember,..

Posted:October 30, 2013

Why Private Companies Need Directors and Officers InsuranceWhy Directors and Officers Insurance For Private Companies is Crucial

You may not be aware that the private company Directors and Officers litigation environment is very different from the public environment, in that lawsuit settlements are typically smaller for private entities. However, the opportunity for a suit is still there. Here are just a few examples of why private companies would need Directors and Officers Insurance.

Bankruptcy: Directors and Officers Insurance is the only thing that stands between creditor lawsuits and the personal assets of..

Posted:October 21, 2013

Professional Liability for Residential Real Estate Agents Part IIProfessional Liability for Residential Real Estate Agents Part II

Errors & Omissions, or Professional Liability, claims against residential real estate agents and brokers are common. The lawsuit that real estate agents face the most is misrepresentation; however there are many other legal issues they might deal with. Investing in Professional Liability Insurance and familiarizing themselves with these potential complications is a good way for your clients to be prepared, should they face these complications. In Part I, we discussed a few of these problems..

Posted:October 17, 2013

 Javier Gonzalez Appointed to Partner at Axis Insurance Services, LLC

FRANKLIN LAKES, NJ—Axis Insurance Services, LLC is proud to announce today that Javier Gonzalez, Executive Vice President of Sales, has been appointed Partner of the company.

Javier joined the company in 2005 as a Producer and worked his way into the position of Executive Vice President, in charge of the company’s sales operations.

Since then, he has contributed to the company’s tremendous growth (in excess of 500%) and has helped secure its leadership position as one of the premier professional..

Posted:October 16, 2013

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