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Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Christopher Stephens, Senior Underwriter, Professional Liability Centre of Excellence, Burns & Wilcox Canada and Nicole Greene, Director of Brokerage, Professional and Executive Liability Center of Excellence, Burns & Wilcox, share their insight on Architects and Engineers Errors & Omissions (E&O) insurance. …
Forty-three percent of the workforce in the United States is expected to be made up of freelancers by the year 2020, as compared to just 6 percent nearly 30 years ago.1 The rise of what is described “the gig economy” is driven by business professionals wanting greater autonomy outside of the 9-to-5 world. An increasing number of consultants increases the need…
Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Dario Nalli, Director, Executive Lines, Burns & Wilcox, shares his insight on Directors & Officers (D&O) insurance. Q: Why is a Directors and Officers (D&O) policy needed at the nonprofit level? Dario Nalli (DN): D&O, in its most basic form, is…
Just as home buyers insure their purchase, real estate agents need to safeguard the role they play in the transaction. Purchasing a home is one of the most emotional decisions a family can make. As the broker of that decision, a real estate professional’s relationship with the buyer can be a very personal one—leading to deep gratitude or bitter disputes.…
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…