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Whether you're a one-person operation or have a firm of 20+ attorneys, our team of professional know the right coverage you should have on your Professional Liability policy. Get started with a thorough cost analysis and quote comparison today!
Safety Culture: How to get your employees to care
So you finally implemented a safety culture in your company, but now the question is, “how do I get my employees to care?” You can motivate your employees to care about safety by tying it directly to their compensation or incentives. Reward employees who err on the side […]
Read More about Safety Culture: How to get your employees to careThe Importance of Building a Safety Culture
One of the ways we help you move your business from danger to a safe place is by making sure that you have the right safety culture within your company. Now, of course, having the right safety culture is important to you, but is it to your employees? […]
Read More about The Importance of Building a Safety CultureManufacturers E&O: Here’s Why You Need It
Consider the following scenario. A customer asks your company to manufacture a part to certain specifications as were outlined in the contract. He then needs to add that part to his product so he can send that product to his customers by a set deadline. Your company then […]
Read More about Manufacturers E&O: Here’s Why You Need It4 Benefits of Product Liability Insurance
Your customers expect you to have safe and reliable products, and failing to meet these expectations can lead to huge financial losses. If one of your products harms the customer in any way, they can sue your business leading to costly legal fees and settlements. These costs can […]
Read More about 4 Benefits of Product Liability Insurance5 Benefits of Business Interruption Insurance
Continuity is critical in business, and there are a few things more important than continuous revenue and cash flow, particularly for small to medium size organizations. In fact, just one brief business interruption can be incredibly costly for an organization often leading to serious reputational damages or long-term […]
Read More about 5 Benefits of Business Interruption Insurance5 Reasons Why Contractors Need Cyber Liability Insurance
Contractors often regard their businesses as safely “off-line”. If you don’t process credit cards or operate large, complex IT infrastructure, what exactly do you need to protect? Are the risks really that high? In fact, industries that let their guard down because they feel safe are among the […]
Read More about 5 Reasons Why Contractors Need Cyber Liability InsuranceReal Estate Professionals: Why You Need Cyber Liability Insurance
The modern real estate sector is increasingly reliant on tech. PropTech and Internet of Things (IoT) enabled devices to promote innovation in the space and better living experiences for home and property residents, but they also leave real estate professionals widely exposed to cyber threats. In a field […]
Read More about Real Estate Professionals: Why You Need Cyber Liability InsuranceIs Your Business at Risk of a DDOS Attack?
Many people wonder about the meaning of DDoS, asking what exactly is a DDoS attack and what does DDoS stand for? DDoS stands for distributed denial-of-service attack. DDoS attacks occur when servers and networks are flooded with an excessive amount of traffic. It’s a malicious attempt to disrupt […]
Read More about Is Your Business at Risk of a DDOS Attack?Manufacturers: Do You Understand Your Product Liability Risks?
From an initial prototype sketch to the warning labels on a finished product, the decisions made during the course of bringing a product to the market can be intensely scrutinized if there is ever a product liability claim. Manufacturers need to focus on the potential risks across a […]
Read More about Manufacturers: Do You Understand Your Product Liability Risks?Lawyers: Buying Cyber Liability Insurance is Not Optional
A cyberattack or breach can have serious consequences for law firms, including: theft of client monies and assets, breaches of confidential and sensitive information, structural and financial instability, reputational damage, damage to IT infrastructure and loss of clients. Cyberthreats continue to escalate and law firm leaders face a […]
Read More about Lawyers: Buying Cyber Liability Insurance is Not OptionalFrequently Asked Questions
What is E&O/Malpractice/Professional Liability?
A bond in layman's terms is a way to secure a debt.
It is a way of you the consumer, being able to put up a little cost upfront that says “I am letting you borrow this money so as to your agreement to pay the face value of the said bond if ever needed”. In the real world, bonds can be issued by a government, municipality, corporation, federal agency, and other entities.
What does E&O cover?
A surety bond is a contract between three parties. The person who is the recipient of an obligation, the primary party who will perform the contractual obligation and the person who assures the obligation will be done.
What is Defense Outside of Limits coverage?
These bonds are a type of surety bond. They provide a proof and guarantee of ownership to the Department of Motor Vehicles. When no other form of documentation is available a Lost Title Bond shows the DMV that you are the “owner” of said vehicle.
What is First Dollar Defense?
Contractor bonds are one of the most “popular” bonds you will see asked for in the insurance space. Contract bonds are used in the construction industry by general contractors. They are a guarantee to a project’s owner that the general contractor will adhere to the contract put in place.
What is the Fee Suit Exclusion?
These types of bonds function as a guarantee to a government entity that a company will comply with a statute, state law, ordinance, etc.
Some examples are but not limited to:
- Contractors License Bonds
- Tax Bond
- Environmental Bonds
- Broker’s Bonds
- Motor Vehicle Dealer Bonds
- ERISA Bonds
What is Mutual Choice of Counsel?
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What is Disciplinary Proceeding Defense?
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