Cyber Insurance for Startup Hedge Funds

Do Startup Hedge Funds Need Cyber Insurance? You’re about to launch a fund or thinking about launching a hedge fund and are thinking about insurance. D&O / E&O are must-haves, of course.  They protect the GPs from claims which may arise alleging certain wrongful acts in managing the fund.  And many of your investors will … Read More

What is an ERP or Tail in D&O insurance 

What is an ERP or Tail in D&O Insurance?  An ERP is short for the extended reporting period, which is also known as tail coverage and is commonly discussed around D&O, Employment Practice Liability, Professional Liability, and other management and professional policies – in fact, it’s common with all claims made type policy forms. As … Read More

What is Dedicated Side-A Coverage?

What is Dedicated Side-A Coverage in a D&O Policy? A D&O policy commonly has three sides or parts which are identified as Side-A Side-B and Side-C.  This is true in both the private company D&O market and public company D&O market.  In this article we discuss how Dedicated Side-A Coverage fits into a management liability … Read More

Cross Border Business Insurance

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

Employment Practice Insurance (EPLI) Trends 2021

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 – Why They’re Needed to Get a Quote

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 PEO’s EPLI Coverage Enough?

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

Commercial Auto Rates Trending Higher in 2021

Commercial Auto Rates If you have a fleet of trucks or automobiles you’ve undoubtedly seen your commercial auto rates increase.  Whether you’re a contractor with a handful of trucks, or a trucker with a large fleet, commercial auto rates, and insurance costs have gone up dramatically over the past three years.   Why are Commercial auto rates trending higher, what … Read More

What is New York Paid Family Leave Insurance or PFL?

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

Broker of Record Letters

What is a Broker of Record Letter?  In the insurance business, a broker of record letter or agent of record letter is basically a letter of authorization that you, as the insured can use to fire your existing agent and hire a new agent to handle your business insurance with the insurance company you currently … Read More