August 6, 2020
Even before COVID-19, insurance for directors and officers (D&O) was experiencing a hard market. Premiums had increased 44 percent in the first quarter of 2020. Over the past few years there has been a steady increase in the number of lawsuits and the size of jury awards in cases involving D&O. And now with the […]
July 21, 2020
Driver mistakes play a role in virtually all crashes. That’s why automation has been held up as a potential game changer for safety. But autonomous vehicles might prevent only around a third of all crashes if automated systems drive too much like people, according to a new study from the Insurance Institute for Highway Safety. […]
July 13, 2020
By Stephanie Calhoun, CIC As I worked on my planning for 2020, I never anticipated that we would have to lead the team through a pandemic. As the Operations Manager of our Customer Service teams, I planned 2020 as usual; push process initiatives forward, develop and promote employees, lead, mentor and coach towards growth. But […]
July 7, 2020
Different policies cover different kinds of damage to property. When protestors gathered on the streets of our cities to speak out against the brutal killing of George Floyd, in many instances peaceful demonstrations turned into scenes of violence, vandalism and looting. The damage done to businesses is estimated at $25 million nationwide at this point. […]
June 26, 2020
If you use a mobile device for company business, you should: Create a strong pin or password, Enable face or fingerprint recognition, Disable Wi-Fi and Bluetooth when not needed, Be careful about which apps you download, Disable location services when not needed, Backup your phone often, and Consider installing remote wipe software to remove data […]
June 12, 2020
Now with so many more people working from home because of the coronavirus pandemic, it’s a good time to review your off-site cybersecurity practices. Many — maybe even most — of the people now working from home have probably never worked for you from home before. So, just because you’ve established protocols in the past […]
June 3, 2020
Has your business been declared an essential service during the pandemic? If so, you are probably making home deliveries either for the first time or to a greater extent than before. Almost every state requires commercial auto insurance for businesses with vehicles titled to the company driven by employees. But what if employees use their […]
May 12, 2020
During a recent Coronavirus update meeting, President Donald Trump said that he thinks that many insurance companies should be paying business income losses due to the coronavirus pandemic. He acknowledged that many policies exclude events such as epidemics, but “in a lot of cases, I don’t see it. I would like to see the insurance […]
April 20, 2020
Underwriters use a variety of metrics to determine what to charge for EPLI and the scope of coverage to offer. The number of people you employ. Whether you’ve had prior suits lodged against your company. The percentage of employee turnover. Whether you have established rules and practices in place, such as an employee handbook that […]
April 6, 2020
Whether you’re dealing with existing employees or prospective employees during the interview process, every time your business interacts with people it faces the risk of an employment claim. Some of the typical claims brought against employers allege: Discrimination (based on sex, race, age or disability, for example). Wrongful termination. Harassment. Other employment-related issues, such as […]
