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Category: Professional Liability Insurance

Choosing the Right Coverage for Your Banks

Choosing the Right Coverage for Your Banks

The banking industry is very complex and filled with exposures that can easily result in a claim being made against any one of the dozens of employees and managers operating a particular institution. A bank could be sued for anything from a breach of duty, giving misleading statements, making an incorrect statement, or other mistakes related to its deposit, brokerage, insurance, real estate, credit card or a number of other services.   For example, a customer might sue a bank claiming…

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Understanding BPL Policies

Understanding BPL Policies

Bankers professional liability insurance, or BPL, is the risk-management foundation for financial institutions such as savings and loan companies, credit unions and community banks. It’s important to understand what these policies cover, because additional coverage may be needed in particular institutional settings. Allegations and Claims of Negligence Financial professionals work with large sums of money, and as such, they run the risk of being accused of negligence or wrongdoing in their handling of the money. Whether or not a lawsuit…

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Costs Associated With a Data Breach of Your Business

Costs Associated With a Data Breach of Your Business

Don’t you hate getting an email from a business telling you that you need to change your password or check your account because they were hacked? Now imagine if that was your business and you had to send that email to your valued customers. Not only would you be worried about your reputation, but you would also have to consider the time and money it’s going to take to clean up this mess, even if there aren’t any losses. Your…

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Specialized Expertise in Commercial Construction Insurance

Specialized Expertise in Commercial Construction Insurance

When you want to protect your equipment, employees and job site, you need a Newton construction insurance agency that understands the value of your business and offers coverage suited to your needs. Forget about general commercial policies that do not meet your specific coverage criteria; work with an agency who specializes in construction insurance and provides products designed with your industry in mind. Take a moment to learn more about how construction insurance can help your business become better protected,…

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Coverage You Can’t Afford to Miss

Coverage You Can’t Afford to Miss

You are an expert in giving your clients peace of mind by making sure that they are protected from risk. With insurance agents’ errors and omission insurance, you can have peace of mind for your professional reputation as well as for your agency. Best Intentions There are times that despite your best intentions, a mistake is made. Having insurance agents’ errors and omission insurance means that you are covered in the event a client files a claim and your case…

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How PEO Insurance Can Improve Your Business Relationships

How PEO Insurance Can Improve Your Business Relationships

PEO stands for Professional Employer Organization, and involves a partnership between a staffing agency and a company. Instead of re-inventing the wheel by going to new staffing agencies every time there is a vacancy or a need for new staff, the human resources department of one company may partner with a staffing firm on a long-term basis. This can work out well if the staffer can provide the company with a steady stream of reliable temporary and long-term workers. However,…

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How Connecticut Insurance Companies Should Be Compared

How Connecticut Insurance Companies Should Be Compared

It is a good idea to meet with several Connecticut insurance companies when looking for a new policy. You do not want to just go with whoever you find first. Make sure to jot down all essential information so that you can compare important aspects of each one. Price in Relation to Services Offered Every company will likely give you a quote on how much you can expect to pay per month or per year. However, you do not want…

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Find Specialty Insurance Coverage for Your Medical Business

Find Specialty Insurance Coverage for Your Medical Business

The healthcare industry is constantly changing and offering new services through hospice and home care businesses. When you need insurance that protects your organization against multiple risks, you need an insurance company that specializes in specialty insurance coverages for the medical fields. The demand for unique medical clinics is growing, as are the regulations and risks that a business faces when it enters the healthcare field. It’s more than just patient safety, it’s also patient privacy, third-party vendors, and medical…

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The History Behind Workers Compensation

The History Behind Workers Compensation

Investing in North Carolina workers comp is not only beneficial for a company to minimize their risks, but also good for employees, morale, and public perception. Interestingly, workers compensation policies were not always around. Although today many states mandate this type of coverage, this was not the case several years ago. Common Law Before there were specific laws for workers compensation, work related injuries were governed by the common law. The masters, or employers, were responsible for injuries that happened…

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Find an Insurance Company in Urbana for Your Coverage Needs

Find an Insurance Company in Urbana for Your Coverage Needs

Everyone needs insurance for something. Whether it’s for your car so you can legally drive, your home or yourself, finding an insurance policy that meets your needs at a price you can afford is possible with some searching. Bringing your concerns to an insurance company in Urbana can result in comprehensive coverage for every area of your life. Unexpected occurrences can cause damage to your valuables and harm to your loved ones. There is nothing worse than not being able…

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