Today we’re going to talk about restaurant insurance in New York, and in New York City. When I say restaurants, I’m broadly speaking about a lot of different food service establishments, since most of these rules or strategies are going to apply to white linen fine dining to fast take out, to family-style, cafes, bagel shops, … Read More
Thinking of buying business insurance from Liberty Mutual? Here’s the low down and my business insurance Liberty Mutual Review. Liberty Mutual is one of the country’s largest insurers and ranks 6th in global property and casualty premiums, as well as 71st on the U.S. Fortune 500 list of large firms ranked by revenue. Over the past several years we have … Read More
Business Owners Insurance– What’s really covered? Insurance for business owners goes by many names in the small business insurance market. Often it’s called a BOP or business owners policy – pretty simple, right!? But this type of package policy can go by many other names as well, BOP is sort of the generic term the insurance … Read More
Fiduciary Liability Lawsuits are on the rise and many business owners and decision-makers don’t know about this important coverage part. Fiduciary Liability insurance is often known as the redheaded stepchild of management liability insurance. Most business owners and decision-makers know about Directors & Officers Liability or D&O as well as Employment Practice Liability or EPLI … Read More
Does a Hedge Fund need a BOP (Business Owner’s) policy? In my opinion, yes, totally they do. What if the firm is totally virtual? There are no office premises, no office furniture, and contents and everyone works from home on their own laptops? Again, I’d answer yes, and here’s why. The D&O and E&O coverage … Read More
Cross Border Business Insurance Helping European Companies Setting Up Operations in the U.S. in need of Business Insurance? In the last several years, we have been engaged by European firms setting up operations here in the United States for their business insurance. And thought a video on the subject might be interesting. The first question … Read More
What is Severability in a D&O policy? When reviewing D&O quotes or policies you may see the term severability or full severability and wonder what does this means? So there are two forms of severability when it comes to D&O insurance. The first is known as the severability of the application. What this means is … Read More
Employment Practice Liability Insurance or EPLI for short is a form of management liability coverage intended to protect a company and its decision-makers from claims which arise from employees and third parties alleging wrongful employment acts. Commonly these wrongful employment acts are wrongful termination, discrimination, harassment, hostile work environment, failure to hire, failure to promote, … Read More
E&O Insurance– The Definition of Professional Services E&O or errors and omissions insurance, also known as professional liability, and in the medical world as malpractice insurance, is another one of those insurance policies that are not standardized and require a level of expertise to understand and interpret. The E&O policy is intended to … Read More
Colonial Pipeline Cyber Risk: How a cyber attack can go from bad to worse. Well, that didn’t take long. The cyber-attack that hit Colonial Pipeline has now resulted in a class-action lawsuit filed in the U.S. District Court for the Northern District of Georgia about 10 days after the ransomware attack first hit Colonial. This post is not intended to … Read More
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