Product Liability Insurance – What is it, what does it do, who needs it, and how does it work? Product liability insurance, or as it’s often called, products insurance, is part of the Commercial General Liability Insurance policy for most insureds; it’s not a separate policy but instead part of the typical liability policy most … Read More
Cyber insurance is not only recommended by compliance rules issued by the SEC and FINRA, but is a critically important layer of protection for every Registered Investment Advisor (RIA). In this article and video, we’ll cover the essentials of cyber insurance, its coverage, and its critical role for RIAs. Cyber Insurance policies for RIAs are … Read More
Crime insurance might not be a term you’re familiar with, but for wealth managers, it’s a critical coverage. Indeed, it not only protects your firm from financial losses but also safeguards your reputation and brand. In this article, we’ll break down the importance of crime insurance for wealth managers and why it’s essential for your … Read More
In today’s digital landscape, cyber insurance for financial planners is a vital protection layer for every professional and their practice. Understanding cyber insurance, its coverage, and its significance is crucial for safeguarding your business from escalating cyber threats. What Does Cyber Insurance Cover? Cyber insurance policies for financial planners typically include three main components: First-Party … Read More
In today’s digital landscape, cyber insurance for wealth managers is not just a recommendation—it’s a necessity. As cyber threats and attacks continue to rise, wealth management firms must protect themselves with comprehensive coverage. Regulatory bodies like FINRA and the SEC often recommend or mandate specific cyber protocols and protections, making cyber insurance an essential safeguard. … Read More
If you’re a tech founder looking for advice on cyber insurance, this article will be helpful. We’ll briefly discuss what cyber insurance for tech firms cover, why it’s critically important, and then dive into how much you should purchase. What Does Cyber Insurance Cover? Cyber insurance is designed to protect businesses from various threats and … Read More
As a tech startup founder, you’re likely thinking about business insurance or have been advised to get it. But what insurance policies for tech startups do you need? How much will they cost? What’s the best way to obtain them? I’ll answer these questions and more shortly. What Insurance Policies for Tech Startups Are Necessary? … Read More
Alright, I’ll admit it—that title, “Cyber Insurance BS,” is a bit click-bait-y, but it’s a question that’s on the minds of many business owners. The reason I bring this up is that only about 30% of small and medium-sized business owners purchase cyber insurance. If you’re a business owner, you might be thinking, “so what?” … Read More
As we step into early 2024, the commercial insurance marketplace is facing significant challenges; therefore, finding a business insurance problems solved is more critical than ever. Premiums are on the rise, underwriting is becoming more disciplined, and we find ourselves in what is known as a “Hard Market.” Business owners may encounter steep premium increases … Read More
D&O or Directors & Officers Liability Insurance for PE Portcos is critical for most mid-market private firms. In this article, I will discuss the unique attributes and considerations of D&O insurance for portfolio companies that private equity firms own. What Does D&O Insurance Cover? D&O Insurance protects the leaders of a privately owned company from … Read More
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