The American Bar Association defines Employment Practices Liability Insurance (EPLI) as “a form of coverage specially written to insure employers against liability for claims of discrimination, sexual harassment, and wrongful termination by their employees.” EPLI is commonly written either as a stand-alone policy or included with other crucial business coverages such as Directors and Officers and Errors and Omissions insurance.
One particular area that has been hit is the private sectors. According to Insurance Journal, employment bias complaints against private..
Recruiting and retaining a balanced, successful board of Directors and Officers is no easy task.
There are multiple factors to consider when examining a successful board composition. The right mix of industry and financial expertise, objectivity, a diversity of perspectives and experiences, different business backgrounds, and overall diversity is an ideal situation, and a difficult composition to find.
One possibility is choosing an independent chairman. This practice has been implemented widely in the U.K., but minimally..
The Navigators Group, Inc. Recognized by Forbes as one of "America's 100 Most Trustworthy Companies"
We are pleased to announce that The Navigators Group, Inc. was recently recognized by Forbes Magazine as one of "America's 100 Most Trustworthy Companies."
Forbes reports that the rankings were calculated by a third-party using proprietary modeling that looks at "over 60 different governance and forensic accounting measures" to "identify the most transparent and trustworthy businesses that trade on American exchanges."
At Navigators, we truly believe that people do business with people they know, like, and trust, so this kind of third-party recognition is especially fitting. Our strength..
The board of a public company is responsible for steering them towards long term health and success. But Directors and Officers must contend with shareholders taking on a more active role.
The financial and economic crisis increased scrutiny on public company boards of directors. They have been subject to increasing demands, inspection, and in some cases, have been met with mistrust. The assault on the traditional director-centric model of corporate governance has created a definitive shift in structure of corporate companies in the..
The CEO is the figurehead of the company. Especially in high profile companies, they command a large amount of attention and have a significant influence on the company’s brand and image. It is growing as a crucial risk management strategy as well. Investors, rating agencies, and governmental entities are starting to require information about succession planning. And internal talent development and a comprehensive CEO succession..
Directors & Officers have a unique responsibility of being the liaison between running a company and representing the voices of their shareholders. And balancing those two views isn't always easy.
The Directors and Officers of a board are there to insure the shareholders’ voices and mission of the company are represented. But this idea has also given rise to a shareholder-centric model of corporate governance. While it gives shareholders a voice, it can also lead..
Every policyholder must be educated about claims and their coverage. That everyone agrees on. The insured should know the extent of their coverage, what they are paying for, what is and isn't covered, and what to do in the even they need to file a claim. But whose responsibility is it?
Clients rely upon their brokers and agents to procure and negotiate insurance policies that meet their unique needs. And because of their participation in procuring coverage, a broker can find..
The cyber-liability landscape is constantly changing. It is difficult to see and identify risks- consequently it can be a difficult sell to clients. However, it is an essential form of coverage that business owners should not be without. It is essential for agents to educate insurance purchasers about the exposure to loss and potentially devastating consequences of a cyber-breach.
There were 515 million records breached in the U.S. in 2010, according to the Privacy Rights Clearinghouse...
The small business insurance market is a potential gold mine for producers. So why aren't they capitalizing on it? And how can they?
A business is considered small if it has 50 or fewer employees. They also represent a significant untapped source of revenue. Industry estimates show that small businesses represent approximately $95 billion in potential premium.
So what’s stopping producers from going after those accounts? Time and limited human resources. The sales process is lengthy and costly. From the initial call, to building..
According to PropertyCasualty360, the New York Department of Financial Services is investigating the actions of three insurers following Superstorm Sandy.
The insurers are facing claims of an alleged failure to send, or timely send and adjuster to investigate claims. Others say claims were denied over the phone and never investigated in person. New York law requires insurers inspect damaged property within 15 business days of a filed claim. That timeline was shortened on Nov. 29 to six..
« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Next »