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Axis Insurance Services, LLC to Exhibit at Upcoming PLTA Convention

FRANKLIN LAKES, NJ – Axis Insurance Services, LLC is proud to announce we will be exhibiting at the 92nd annual Pennsylvania Land & Title Association Convention (PLTA), in Cambridge, MD from June 2nd – 4th.

Javier Gonzalez, our EVP of Sales and Tom Barrett, VP/Account Executive will be representing the company at the PLTA convention.

This convention attracts PLTA members, title agents and other related real estate professionals from all across the country. Close to 200 professionals will be in attendance and will come to share insights, new industry trends, participate in networking events and learn..


Posted:May 30, 2013

Directors and Officers Insurance for Nonprofit OrganizationsDirectors and Officers Insurance for Nonprofit Organizations

 

For years directors and officers of nonprofit organizations enjoyed a sense of invulnerability because their services were generally not an attractive target for litigation. However, this is no longer the case.

The number of cases and claims is increasing, even for nonprofits. And with increased public scrutiny, directors and officers are becoming larger targets. Over 90% of claims against boards of directors involve some type of employment dispute. Employment claims against directors and officers of nonprofit corporations typically fall into..



Posted:May 28, 2013

EPL Insurance: History of Employment Practice LiabilityEPL Insurance: History of Employment Practice Liability

Since the 1990’s employment practices liability insurance (EPLI) has increased significantly in the marketplace from a new coverage to a necessity due to the growing number of of employment claims and the limited availability of coverage under existing insurance policies.

Prior to 1990, EPLI was offered only a limited basis. This quickly changed as employment litigation became one of the fastest growing areas of litigation in the United States. The Federal Whistleblower Protection Act,..



Posted:May 24, 2013

Commercial Crime Learn from the New York ATM heistCommercial Crime

Two cyber-attacks in December and February involved ATM withdrawals in over 20 countries across the globe. One member of the cyber-ring took New York City ATMs for $2.4 million in February- he collected the cash in less than 24 hours making it the second-largest cash heist of any kind in the city’s history.

The heist was part of a high tech scheme that utilized stolen prepaid debit-card number to access the cash at ATMs...



Posted:May 22, 2013

Importance of Directors & Officers InsuranceImportance of Directors & Officers Insurance

In the last 10 years or so, directors and officers of companies have been operating under increasing scrutiny. Various high profile scandals, from Kenneth Lay of Enron to Martha Stewart’s ignominious insider trading and an enhance level of governmental regulation have shifted directors and officers from faceless top executives working behind the scenes, to front page news. As a result, D&O liability has become a top concern for executives.

Corporate by-laws and/or indemnification agreements do not provide absolute protection to directors of..



Posted:May 17, 2013

Errors & Omissions Part II AttorneysErrors & Omissions Part II: Attorneys

We live in a highly litigious society as business owners face increasing risks from claims and lawsuits every year. Even the legal profession isn't immune from malpractice claims. In fact, though the number of claims brought against attorneys is leveling off, the number of large claims continue to rise sharply.

Large firms will be able to recover from the huge financial costs that a large claim can incur. But this new trend could decimate a small or midsize firm.

According to Property Casualty 360, the..



Posted:May 14, 2013

Errors & Omissions for AccountantsErrors & Omissions insurance is essential for accountants and auditors

Accountants are an integral part of business operations. Businesses and individuals rely on tax and accounting professionals for financial advice, estate planning, tax preparation and filing, audits and various other financial transactions. They rely on financial statements, which are dependent on solid accounting, to make a number of business and economic decisions.

No business will vie well if records are not well kept. Accounting mistakes can affect a firm’s reputation, credibility, and could even hurt their profits. At the..



Posted:April 26, 2013

Directors & Officers Crisis ManagementDirectors & officers crisis management plan

The financial crisis demonstrated a key role that a board fulfills- providing careful guidance and leadership steering a company through a crisis. When and if the need arises, the board of Directors and Officers should have a crisis management plan in place. Below are tips on how to formulate a constructive crisis management response plan.

Conduct a vulnerability audit. Take some time to objectively examine your entire organization. Identify factors or areas that would make it more vulnerable in a crisis. Perhaps there..



Posted:April 24, 2013

Privacy & Network Security The Hidden Costs of a Data BreachPrivacy & Network Security Insurance Programs

Many businesses disregard the threat of a cyber attack. They have a secure system and most assume the hackers are more interested in mega corporations and sending political messages than accessing the few hundred or thousand records small to midsize business have. But nothing could be farther from the truth.

Data breaches are opportunity crimes. If the crack or opening is there, a breach can occur. Over half of U.S. small businesses experience at least one data..



Posted:April 12, 2013

Professional Liability Programs: Essential for Business Even When Cutting Costs

Professional liability is essential for business owners

Professional liability programs such as Errors & Omissions, Directors & Officers, and Employment Practices Liability insurance are essential coverages for business owners to have. Yet, they sometimes end up on the chopping block during stringent times when workers are looking to cut costs.

SmartBusiness reviewed why it is essential to keep your insurance and not compromise on coverage. Businesses naturally want to save money, increase profits, and keep their employees happy and healthy. Lowering insurance coverages can expose your..



Posted:April 10, 2013

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