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By 2020, the healthcare industry is projected to add over 4.2 million jobs.1 As a result, many retail brokers and agents are targeting this booming segment to grow their book of business. However, if a broker is unfamiliar with working on Medical Insurance policies they may overlook a coverage exposure that could result in a costly error. “Experience is crucial…
In the world of cyber insurance, last year’s policy was designed for last year’s threats. But with new, more sophisticated threats emerging all the time, it is imperative to review and reevaluate your clients’ policies on a regular basis. Are your clients among those living dangerously? To minimize potential financial damages address these gaps in coverage with cyber liability insurance. https://vimeo.com/burnsandwilcox/cyberliability
How to make sure your clients are protected with EPLI Hiring contractors as opposed to full time employees is a rising trend. According to Forbes, freelancers now make up 35 percent of the U.S. workforce1. Although this staffing approach provides business owners with greater flexibility and lower costs, it can also lead to unrest within organizations. For example, Uber, the…
Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Nicole Greene, Director of Brokerage, Professional and Executive Liability Center of Excellence, Burns & Wilcox, shares her insight on Architects and Engineers Errors & Omissions (E&O) insurance.  Q: Define Architects and Engineers E&O and the key factors brokers should consider when…
There are approximately 2 million active real estate licenses in the United States alone, and housing sales are increasing.1 As of November 2016, the national home price index has surpassed its peak set in July 2006 before the last major recession.2 As sales increase and real estate agents become stretched, there is a potential for increased litigation from errors and…
Software errors and omissions can cause millions of dollars in financial stress to a company. From tennis shoes to canceled flights, a simple mistake could mean the end for a business. For example, the software that ensured proper fulfillment of Air Jordan basketball shoes had a glitch that resulted in unequal distribution, costing Nike a reported $100 million in lost…
3 insurance risks and insights associated with the fastest growing app in history Pokémon GO is the fastest downloaded mobile app of all time, and everyone is talking about it. Hitting number one on the app downloads chart in five hours, Pokémon GO now has more than 23 million people playing daily.1 Although more individuals are getting out of their…
With all your social media activity come legal responsibilities An overwhelming majority of recent court cases have decided that social media accounts are discoverable, including privately locked accounts, private messages, even deleted posts. The social media boom of the past decade has brought about a number of interesting and sometimes perplexing legal issues. Users posting information to sites Facebook, Twitter, Instagram,…