Insurance Insights
What is an Extended Reporting Period (“Tail” Coverage)?
What is an Extended Reporting Period ("Tail" Coverage)?What Extended Reporting Period (ERP) coverage is and when it should be purchased.Many small business owners are aware of the importance of claims-made insurance policies. However, they may not be aware...
Small Businesses Suffer Most From Big Ransomware Attacks
Mitigating measures to ransomware attacks, such as cyber insurance, can limit cascading effects. Many small business owners think ransomware attacks only impact large businesses, but these hacks, even if targeting Fortune 500 companies, regularly result in...
Structuring Meetings For Better Decision Making
Five frogs were on a log. Four decided to jump off. How many were left?The answer is five because deciding to do something and actually doing it are different. It’s not just deciding fast. It’s then executing it and moving fast. Executives spend 40 percent...
Ransomware: As if COVID Isn’t Difficult Enough
Now that many businesses are starting to slowly return to normal, there are other challenges to face. Instances of ransomware greatly increased throughout COVID-19, and it's easy to see why. With more people working from home and more industries cutting...
SolarWinds Attack: What Do I Need to Know?
In December of last year, it was reported that SolarWinds had experienced a massive security breach. An IT company with extraordinarily high-profile clients — including Fortune 500 companies and government agencies — SolarWinds had potentially been...
D&O and EPL Coverage: How COVID Has Impacted Private Company Insurance
COVID-19 has impacted almost every area of our lives at home and our businesses. It has also impacted private companies' ability to obtain, renew, or pay for D&O and EPL Insurance, even as COVID-related claims are rising.Directors & Officers...
Cyber and Tech E&O Insurance During COVID
Having good cyber and tech E&O insurance has always been important, but the pandemic has made this critical. More small business owners and employees are working remotely because of COVID-19, and this remote work often puts a strain on network security....
Insurance Broker vs. Direct: Which is Best for Buying Consultant Professional Liability (E&O) Insurance?
Advancements in technology have made it easier for businesses to get quotes for professional liability (often called errors and omissions [E&O]) insurance. Insurance companies can now offer clients “direct” quotes through their websites. There are some...
What Information Will I Need When Applying For Professional Liability (E+O) Insurance?
Professional liability insurance, commonly known as errors and omissions (E&O) insurance, is important coverage for businesses offering services to clients. To obtain E&O coverage, you’ll need to complete an E&O application and provide additional information...