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Professional Liability / E&O

Risks Related to Bring Your Own Device (BYOD)

At one time, people scoffed at the idea of a personal computer in every home. Today, we not only have high-speed Internet available in our homes, but we also connect to the Internet at will with a variety of mobile devices from wherever we happen to be.

The most complete and effective defense against the risks of BYOD is to ban employees’ use of personal devices for work-related activities. However, abstinence can be a tough sell to employees, and non-compliance can be difficult to control. The smarter approach is to put a strong policy in place, educate employees about best practices and take actions that will manage the risk as much as possible.

With BYOD becoming widespread, it is important for businesses to be proactive about personal device risk management. Our hope is that this blog post will help companies chart a path for creating the most effective corporate policies and protections.

Why BYOD is a problem:

[one_fifth][note title=”31 PERCENT” align=”center”]connect to their company’s network from unsecured free or public wi-fi.[/note]  [/one_fifth]

[one_fifth][note title=”46 PERCENT” align=”center”]share their personal devices with others, opening the door to unintended access to corporate data.[/note] [/one_fifth]

[one_fifth][note title=”33 PERCENT” align=”center”]say the company data they use and store is not encrypted.[/note] [/one_fifth]

[one_fifth][note title=”25 PERCENT” align=”center”]have been a victim of hacking or malware on their personal devices.[/note] [/one_fifth]

[one_fifth_last][note title=”Statistics” align=”center”]like these are frightening for security-conscious corporate IT teams.[/note] [/one_fifth_last]

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Professional Liability Exposures for Home Care Business

Home Care BusinessImagine yourself as one of the more than 10,000 Baby Boomers turning 65 every day. Now imagine having to choose between a nursing home and at-home care. And consider this: 20 hours of in-home services (a week) costs about $18,000 a year versus an average of $70,000 a year for a nursing home.

For many aging Baby Boomers today, this is no hypothetical situation. It is very real.  That is why, according to the Bureau of Labor Statistics, the number of in-home health and personal care aides is expected to reach 1.3 million by 2020 – a 70% increase from 2010. In comparison, the growth rate for the U.S. job market as a whole during that period is 14%.

Explaining this growth spurt for non-medical services is fairly straightforward. Entering the field of unskilled at-home care is easy in that it requires less education with little to no medical qualifications. Consequently, carriers like Atain Insurance Companies have taken steps to address this trend by breaking down home health into two pieces: skilled medical care where you have a nurse or therapist come in and take care of the client, and unskilled non-medical care where people go in and do basic services like cooking, cleaning and grooming. That’s the area where we’ll see a good amount of growth. Typically insurance policy for home care covers skilled and unskilled workers, and if you only provide an unskilled workers services, your insurance premium will be lower.

How to lower your professional liability exposures:
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The Hartford Broadens Professional Liability Offerings for Tech Companies

The Hartford has enhanced its FailSafe suite of professional liability offerings to address the evolving needs of technology companies with expanded coverage for data, systems and networks. “Professional liability is one of the most significant risks for technology companies today,” said Joe Coray, vice president of The Hartford’s Technology & Life Science Practice.  “An alleged failure of a product or service that causes economic loss to a client’s business can result in a costly lawsuit and reputational damage.” According to The Hartford’s data, professional liability claims against technology companies average more than $200,000*. Most of these claims include allegations of… Read More »The Hartford Broadens Professional Liability Offerings for Tech Companies

Coverage options for your barber and beauty business

Beauty Salon Parlor InsuranceCoverage for barber and beauticians professional liability is automatically included for your “employees” under the commercial general liability coverage form. We have the ability to provide professional liability coverage for barbers and beauticians that are independent contractors – this optional coverage is available for $25 per independent operator under the Additional Insured-Independent Operators form -CG T567 (11-03).

The form does require each operator be scheduled. For additional information, contact us via email or call 877-239-0067

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Insurance for Alcohol and Drug Treatment Centers

Alcohol & Drug Rehabilitation facilities provide medical assistance and behavioral and nutritional counseling to individuals who are in need of substance abuse services. Eligible risks may include Outpatient Alcohol & Drug Counseling, Rehabilitation Centers, Halfway Houses Inpatient, Methadone, Early Release Prisoner Programs (Alcohol & Drug related offenses only) and Outpatient Detox. Clinics may also be included as an eligible class when the clinic is only a part of the facility’s overall services. Our program includes a Package, General & Professional Liability, Property, Umbrella, Auto (some restrictions may apply) and Abuse & Molestation. Our pro- gram also offers Coverage Endorsements &… Read More »Insurance for Alcohol and Drug Treatment Centers

Insurance for Personal Trainers and Fitness Studios from $150/yr.

Insurance for personal trainers and fitness studios is specifically designed to meet the unique insurance needs of Fitness Trainers, Group Fitness Instructors, Spinning Instructors, Dance Instructors, Martial Arts Teachers, Pilates Instructors, and many more categories of fitness instruction without any restriction of age or gender of your students. Abuse and Molestation – INCLUDED!

The Fitness and Wellness Insurance program for Fitness Studios covers many types of studios including Aerobics, Exercise, Spinning, Fitness Training, Strength Training, and Pilates Studios with equipment. It also covers activities such as weightlifting, swimming, saunas, tanning booths, sport courts and group exercise. Dance Studios are eligible under Performing Arts.

Coverage available for:Read More »Insurance for Personal Trainers and Fitness Studios from $150/yr.

What insurance do dental labs really need?

What insurance do labs really need? In this short article we provide answers to some of the most common insurance related questions. Today dental lab owners and lab technicians can be sued. But it is never late to give your business insurance a check-up and determine the type of liability insurance you need to have and then to make sure you have it. The good place to begin with is to check the NADL (National Association of Dental Laboratories) or your state dental laboratory association. If you are a member of NADL than you can talk to their membership service… Read More »What insurance do dental labs really need?

Technology E&O coverage

Computer Related Services. Miscellaneous E&O. $500 Minimum Premium. Classes We Consider: Data Processing Help Desk Services Network Management Services Software Development Systems Integrators Web Page Design Web Presence Consulting Database Administration Internet Access Provider Programming Application Service Provider System Analysis & Design Computer Skills Training Web Page Hosting …and many more! Call us 877-239-0067 for a competitive quote today!

Accountants Professional Liability Policy

An accountant created a financial statement for a client in which a miscalculation resulted in a $1.2M understatement. The cost to have the error corrected by another firm was $150,000*. If this type of situation occurred with you, would you have the right coverage and a top carrier to help you pay the expenses? With Accountants Professional Liability Policy Accounting Firms can enjoy: Subpoena coverage endorsement Discrimination defense coverage, up to $50,000 per policy period Network Security and Theft of Data endorsement Innocent Insured coverage Coverage for newly acquired entities with five or fewer professionals and predecessor firms Worldwide coverage territory, provided… Read More »Accountants Professional Liability Policy