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In-home healthcare and personal care aides are expected to reach 1.3 million by 2020. Imagine 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 you about $18,000 a year versus an average…
The sports section is probably the last place you would expect to read about EPLI. Yet during the 2013 NFL season, the Miami Dolphins team made headlines for its part in a major retaliation litigation case. At the center of the controversy was Richie Incognito: a journeyman player who was suspended by the team for allegedly bullying former teammate Jonathan…
Prepare yourself. The Affordable Care Act (aka Obamacare) is changing more than the way Americans buy their health insurance. It will dramatically shift the way physicians purchase their professional liability insurance as well. “Medicare reimbursements are a huge part of this,” says Brad Rosgen, Healthcare Practice Leader at Burns & Wilcox. “Reimbursements are decreasing for a lot of treatments. A…
Imagine 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 you about $18,000 a year versus an average of $70,000 a year for a nursing home. For many aging Baby Boomers today,…
What is first-party cyber coverage? First-party coverage protects a company against loss of productivity, profits, reputation, first-party data and the costs incurred in establishing a timeline surrounding a hack attack, computer virus or malicious employee. Traditional coverage policies such as property and crime policies do not cover first-party cyber losses. What questions should retail brokers and agents ask clients to…
Professional liability market tips and tactics to make headway If veteran underwriter Tony Abrudeanu has learned one thing from his time in the professional liability market, first on the carrier side and now on the wholesale side as a professional and products liability broker in the Dallas, Texas, office of Burns & Wilcox, it’s that with change comes opportunity. And…
How an agent\'s modest request became a groundbreaking professional liability coverage package Sometimes posing a simple question to the right person leads to big things. That’s what happened when a Texas agent asked broker Allison Barber to help place coverage for a pilot car operation through the Burns & Wilcox office in Texas. Barber consulted Kenneth LaBelle, a broker at…
Did you know the average settlement of an EEOC retaliation claim can cost a company almost $475,000? This is a risk that cannot be ignored. Click play to learn more. https://vimeo.com/90069346