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By Drew M. Smith

PL Risk Advisors, Inc. of Franklin Lakes, NJ recently announced the creation of a cyber resource hotline for all of its clients. The significant increase in cyber threats and cyber risks has created the need for additional resources for our clients. The company has partnered with Mullen Coughlin, one of the country’s most respected cyber law firms, to field questions from PL Risk clients. The use of this hotline is free of charge to clients of PL Risk and includes a one-time brief consultation to assist clients in identifying..


Posted:July 25, 2017

Identifying a Cyber Attack Breach Detection

The truth is, businesses aren’t quick enough at identifying cyber-attacks. Sophisticated hackers are devising more and more ways to compromise business networks, steal confidential information, and wreak digital havoc. In this article, we’ll explore the red flags that could indicate a potential breach. In addition, prepare your clients with a comprehensive Privacy and Network Security Insurance program, as it is their first line of defense.

Password activity issues.

If an employee is randomly locked out of some accounts, or their passwords indicate there..



Posted:July 21, 2017

By Drew M. Smith

PL Risk is proud to announce that their CE classes are now being offered in more states. Recently, they have been approved to offer Continuing Education courses in the state of Florida. Their hope is to provide vital education to this very large and valuable market.

The three currently approved courses are:

  • Cyber Insurance: An overview of what it covers, assessments and claims scenarios
  • Avoiding E&O Claims: Identifying key risk areas, claims scenarios and risk management
  • Private Company D&O: An overview of what it is, what it covers and why private companies need..

Posted:July 7, 2017

Drones & Real Estate: A Liability?Improving and simplifying the real estate industry is always a desire for agents. As drones provide a simple way for agents to showcase their commercial and residential listings with ease, they have been slowly incorporated into the business in recent years. However, using these unmanned machines to capture aerial images is not without its risks. In addition to protecting your clients with a Real Estate Professional Liability Insurance policy, share the following advice with them.

Now that more and more real estate..



Posted:June 2, 2017

By Drew M. Smith

Franklin Lakes, NJ - PL Risk Advisors, Inc. is pleased to announce the promotion of Michael Brady to the position of Vice President – Finance. Mike had formerly held the position of Controller for the company. In his new position he will oversee all financial operations of the company including accounting, compliance, taxes and human resources for the consolidated companies.

The company’s President Mike Smith said “Mike has been a valuable asset to our company and has really learned our business in a short period of time. ..


Posted:May 30, 2017

By Drew M. Smith

PL Risk Advisors, Inc. is proud to announce they have been certified as a Continuing Education Provider by the department of banking and insurance for the state of New Jersey. The state recently approved the company to provide CE classes for insurance agents and brokers in New Jersey.

The three approved courses are:

  • Cyber Insurance: An overview of what it covers, assessments and claims scenarios.
  • Avoiding E&O Claims: Identifying key risk areas, claims scenarios and risk management.
  • Private Company D&O: An overview of what it is, what it covers and why private companies need it.

When asked about the new designation, CEO..


Posted:May 25, 2017

Liability Risks for Professional Service BusinessesThe quality of work that professional service businesses provide is the determining factor of their success. Therefore, simple yet common mistakes can compromise the quality of the work provided and cause miscommunication and similar liabilities. Avoiding these exposures takes some awareness and preparation, but it’s feasible. In addition to sharing the following information with your clients, ensure their Professional Service Liability Insurance risks are taken care of.
 

Client miscommunication.

Ineffective communication with clients is the leading factor that influences the success..



Posted:May 9, 2017

Employers often require their employees to do some amount of travel. In a dreaded scenario, the employee would suffer a loss, an injury, or even death while traveling within the U.S. or abroad. Therefore, employers need to protect themselves with the right liability coverage, as well provide their Directors and Officers with the necessary coverages to curb their risks.
 

Rental vehicles.

Getting from point A to point B all but requires employees to rent vehicles when they arrive at their destination. Employers can be held liable for damages incurred while the employee is operating a rental vehicle,..



Posted:April 27, 2017

Frequent Claims Faced by Real Estate AgentsIn such a tumultuous and litigious society, real estate agents are no strangers to liability claims. As these claims have seen a significant rise in the last few years, now more than ever it’s imperative to secure your clients' operations with a Real Estate Professional Liability Insurance policy. Next, share the following information with them to ensure they steer clear of the common pitfalls of the industry.
 

Fraud.

Fraud includes an element of intent for wrongdoing. Therefore, the plaintiff must prove that..



Posted:March 16, 2017

The Need for Accountant EPLIEmployment Practices Liability Insurance (EPLI) is coverage intended to protect businesses against three general areas of employment-related issues: sexual harassment and hostile work environment claims, wrongful termination, and any type of discrimination (which can include discrimination based on sex, race, age, religion, nationality, family, disability and pay, and more). Therefore, it’s evident why employers of all sizes and industries should carry this insurance policy, and accountants are no exception. The American Institute of CPAs (AICPA) recommends that EPLI be an integral..



Posted:February 23, 2017

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