Employment Practice Insurance (EPLI) Trends 2021 Employment Practice Liability Insurance or EPLI as it’s commonly known is a unique form of commercial insurance which covers employers for claims which can arise from wrongful employment acts such as discrimination, harassment, wrongful termination, and more. Even if an employer does everything by the book, and you have … Read More
Insurance Loss Runs If you’ve ever shopped for business insurance, you may have been asked for a copy of your loss runs and didn’t know what they were. Simply put, an insurance loss run is your company’s loss or claim history and, in many cases, when you look for new business insurance the agents and brokers, you’re speaking to will ask for a copy of that … Read More
Is Your PEO EPLI Coverage sufficient or enough? A lot of startups and even established firms are enrolled in or will enroll in a PEO a Professional Employer Organization. In very simple terms, the PEO is a “co-employer” or administrative employer along with the owner of the firm who is known as the worksite … Read More
Reps & Warranties Insurance – A Seller’s Perspective I’ve produced a few videos on the subject of Reps & Warranties insurance, a form of transactional liability insurance commonly used in the world of M&A. I thought an example of how this is deployed may be helpful, especially for business owners who are or may be approaching the sale … Read More
In our first video on Reps & Warranties Insurance, I gave a broad overview of what this form of insurance does and how it’s used in the M&A process. Let me give you a brief recap; In a M&A transaction, the seller will agree to indemnify the buyer for breaches of the sellers reps & warranties. Traditionally that indemnity is securitized or … Read More
Paid Family Leave was introduced in New York in January 2018 as a program to provide workers job protection and paid time off for certain qualifying events such as bonding with a new child, caring for a loved one with a serious health condition, or to assist a family when someone is deployed on active military service abroad. For employees they can … Read More
Managing Workplace Violence Risk For today’s blog, I want to discuss risk control strategies focused on Managing Workplace Violence Risk. As a brief refresher, Managing Workplace Violence insurance responds to threats of workplace violence and actual violent events to help fill in coverage that is normally not covered in other business insurance policies. Like all … Read More
What is Workplace Violence Insurance? Let’s start with looking at the risk or actual threat of workplace violence in America today. Grim statistics tell us that workplace violence is a real and dangerous threat. To take a step back, workplace violence is not limited to weapon violence, but rather is any threat or act of physical … Read More
Claims-Made, Retroactive Dates, and Continuity Explained I’ve done several videos on D&O Insurance, as well as claims made policy forms in general, and today I’d like to tackle various questions relative to Claims-Made, Retroactive Dates, and Continuity in D&O Insurance and why some claims are denied. So let’s start with what separates claims-made policy forms from occurrence … Read More
Workplace Violence Insurance – What are the Costs? Today we’re going to focus on the costs of a workplace violence incident or event. Let’s start with the fact that not all workplace violence takes the form of an active shooter situation. There are varying degrees of violence that take place in the workplace environment. Bullying, fist fighting, … Read More
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