Professional liability insurance

Embroker Expands Suite of Product Lines Available by Vertical Markets, Deepens Specific Industry Expertise

Retrieved on: 
Tuesday, September 20, 2022
Insurance, Natural Resources, Finance, Start-Up, Small Business, Professional Services, Cannabis, Business, NPS, Jennings, VCAP, Professional liability insurance, Director, Life, Employment practices liability, Partnership, Industry, SMB, VC, Investment, CRO, Cannabis, Ecosystem, Insurance, Financial technology, Drug, Risk management

Because of the evolving federal laws surrounding cannabis, insurers and brokers have been reluctant to target their services toward dispensaries.

Key Points: 
  • Because of the evolving federal laws surrounding cannabis, insurers and brokers have been reluctant to target their services toward dispensaries.
  • Our new scalable dispensary product is one example of how Embroker is providing targeted insurance products tailored to specific vertical markets, continued Jennings.
  • Embroker has deep expertise in the startup space and is now further extending that into its offerings.
  • With a Net Promoter Score (NPS) of 70+, Embroker is also the highest rated business insurance company in the market.

Skyward Specialty Addresses Unmet Market Need With New Technology E&O Product

Retrieved on: 
Thursday, September 8, 2022
Professional Services, Technology, Other Technology, Insurance, Finance, Software, AM Best, Technology, Telecommunication, Three Mile Island accident health effects, Cyber insurance, Insurance, CG Power and Industrial Solutions, Surety, Solution, Risk assessment, Senior, Professional liability insurance, Lawyer, Company, Cannabis, P&C, Risk, Transaction, Industry, Risk management, Reinsurance, Program

Skyward Specialty Insurance Group, Inc. ("Skyward Specialty" or the "Company"), a leader in the specialty property and casualty (P&C) market, announced it is adding a Technology Errors and Omissions (E&O) Liability insurance solution to its growing professional liability portfolio.

Key Points: 
  • Skyward Specialty Insurance Group, Inc. ("Skyward Specialty" or the "Company"), a leader in the specialty property and casualty (P&C) market, announced it is adding a Technology Errors and Omissions (E&O) Liability insurance solution to its growing professional liability portfolio.
  • Companies that offer cutting-edge, regularly evolving services and products, like tech, telecommunications and internet-based service companies, are prime candidates for Skyward Specialty's Technology E&O coverage.
  • Skyward Specialty is a rapidly growing specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis.
  • Skyward Specialty's subsidiary insurance companies consist of Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company.

Gilsbar Announces Exciting Changes to its Company Brand

Retrieved on: 
Monday, August 15, 2022
American Heart Association, Inc., Commercial, Business, Insurance, Solution, Industry, CEO, Professional liability insurance, Marketing, Growth

COVINGTON, La., Aug. 15, 2022 /PRNewswire-PRWeb/ -- With over sixty years of ongoing experience in insurance services, Gilsbar has unveiled a new brand to be used immediately. "We knew this brand needed to symbolize a balance between our people-centered organization, and our clients' growing needs to better leverage technology in the insurance space. This balance makes Gilsbar different and has kept us successful for so many years," says Rachel Welch, Director of Sales and Marketing. Gilsbar's new brand features future-focused typography with clever iconography to symbolize this balance and a bright color palette not often seen in the insurance services space.

Key Points: 
  • COVINGTON, La., Aug. 15, 2022 /PRNewswire-PRWeb/ -- With over sixty years of ongoing experience in insurance services, Gilsbar has unveiled a new brand to be used immediately.
  • "We knew this brand needed to symbolize a balance between our people-centered organization, and our clients' growing needs to better leverage technology in the insurance space.
  • This balance makes Gilsbar different and has kept us successful for so many years," says Rachel Welch, Director of Sales and Marketing.
  • Having recently sold its self-funded plan administration division, Gilsbar will focus on its remaining divisions of Professional Liability, Commercial P&C, and Employee Benefits Consulting.

Risk, Reputation and Reproductive Rights: New Survey Examines Startup Risks Post-Roe v. Wade

Retrieved on: 
Wednesday, August 10, 2022
Software, General Health, Professional Services, Fintech, Consumer, Start-Up, Technology, Security, Other Consumer, Insurance, Human Resources, Finance, Health, Woman, Multimedia, Reputation, Risk, Financial technology, Data, VC, Constitution, Dobbs v. Jackson Women's Health Organization, Reproductive rights, Communication, Employment practices liability, Professional liability insurance, Director, Safety, Insurance, Employment, Supreme court, Roe v. Wade, Organization, Birth control, Cryptocurrency, Risk management

Another 31% plan to increase benefits and care options for employees to help mitigate risks resulting from the Supreme Court decision.

Key Points: 
  • Another 31% plan to increase benefits and care options for employees to help mitigate risks resulting from the Supreme Court decision.
  • The survey also found that the majority of startup founders have communicated internally with staff about the recent ruling, at 80 percent.
  • To learn more about the risks startup founders are willing to take to grow their business, visit: www.embroker.com .
  • For the Risk, Reputation and Reproductive Rights report, Embroker surveyed over 500 U.S.-based VC-backed startup founders in July 2022.

Colonial Surety Introduces ‘The Notary Package’ to Ensure Protection in the New Era of Tech-Driven Notary Work

Retrieved on: 
Tuesday, August 9, 2022
Professional Services, Security, Technology, Insurance, Human Resources, Software, Notary, Liability insurance, Insurance, Face, Cyber insurance, Communication, Pain, Nunziata, Professional liability insurance, O'Hara, U.S. Treasury, PLI, Professional, Paper embossing, Risk management, Colonial

Colonial’s Notary Package consists of a full term Notary Bond at $69, along with $25,000 of Errors & Omissions Insurance (E&O)--which automatically includes $25,000 of Basic Cyber Liability Insurance, for under $14 per month. Importantly, E&O protects Notaries in the face of allegations of negligence in the performance of duties. Also known as Professional Liability Insurance (PLI), E&O covers legal defense expenses, and the cost of settlements and judgments in the event of a lawsuit. “This is important because bonds do not protect notaries, only E&O Insurance does,” added Nunziata.

Key Points: 
  • The pandemic pushed Notaries to quickly shift to a new paradigm of remote notarization and online communication, said Wayne Nunziata, President at Colonial Surety.
  • Enter, The Notary Package, created to ensure all notaries can efficiently and affordably protect themselves in this new era of digitally driven Notary work.
  • Uniquely, to provide notaries with added protection and value, Colonial includes Basic Cyber Liability Insurance with the purchase of E&O Insurance.
  • Colonial Surety is licensed in every U.S. state, rated A Excellent by A.M. Best, and listed by the U.S. Treasury as an approved surety.

CapSpecialty Announces Leadership Transition

Retrieved on: 
Friday, August 5, 2022
Small Business, Professional Services, Insurance, Excel Communications, Industry, CEO, NYSE, Health care, CFO, Darwin, Specialty, Leadership, D&O, Axis & Allies: World War I 1914, Professional liability insurance, Marketing, Company, Distribution, Alleghany Corporation, Solution, Chair, Traveler, Management, Insurance

Over the course of the past 20 years, Jack held several important roles for Alleghany including CFO of Darwin Professional Underwriters, CFO of Alleghany and most recently CEO of CapSpecialty.

Key Points: 
  • Over the course of the past 20 years, Jack held several important roles for Alleghany including CFO of Darwin Professional Underwriters, CFO of Alleghany and most recently CEO of CapSpecialty.
  • It has been my privilege to serve as CEO of CapSpecialty and in my prior roles for Alleghany.
  • Adam will do a superb job leading CapSpecialty after having been a key member of the senior management team for almost nine years.
  • He is an experienced and disciplined underwriter whose deep knowledge of the company and strong industry relationships will serve CapSpecialty and its clients well.

Ego, Reputation, and Risk: New Startup Risk Index Report Explores Founder Mindset in New High Stakes Environment

Retrieved on: 
Thursday, June 23, 2022
Professional Services, Other Technology, Technology, Insurance, Software, Risk, VC, Director, Insurance, Miller, Growth, Professional liability insurance, Employment practices liability, Multimedia, Financial technology, Video game, Agriculture, Risk management, Cryptocurrency, Ridesharing company

But in 2022, the majority of founders (26%) cited increased debt as the number one internal risk to their business moving forward.

Key Points: 
  • But in 2022, the majority of founders (26%) cited increased debt as the number one internal risk to their business moving forward.
  • In response to these rising concerns, 30% of founders said that controlling growth was one of their primary strategies for mitigating risk.
  • Founders Run the Risk Gamut: Risk Profiles
    The report also explored how startup founders self-identify when it comes to risk.
  • For the Startup Risk Index 2022 report, Embroker surveyed over 500 U.S.-based VC-backed startup founders in February 2022.

Skyward Specialty Expands E&O by Adding Employed Lawyer Coverage to Its Professional Liability Division

Retrieved on: 
Thursday, June 16, 2022
Professional Services, Legal, Insurance, Solution, Transaction, Senior, Three Mile Island accident health effects, Insurance, Company, Lawyer, Professional liability insurance, Surety, P&C, CG Power and Industrial Solutions, D&O, Risk management, D, Malpractice, AM Best, Program

Skyward Specialty Insurance Group, Inc. ("Skyward Specialty" or the "Company"), a leader in the specialty property and casualty (P&C) market, expanded its miscellaneous professional liability coverage to include errors and omissions (E&O) exposure for employed lawyers, which protects in-house attorneys from allegations of malpractice while executing their legal duties.

Key Points: 
  • Skyward Specialty Insurance Group, Inc. ("Skyward Specialty" or the "Company"), a leader in the specialty property and casualty (P&C) market, expanded its miscellaneous professional liability coverage to include errors and omissions (E&O) exposure for employed lawyers, which protects in-house attorneys from allegations of malpractice while executing their legal duties.
  • Skyward Specialty is a growing specialty insurance company, delivering commercial property and casualty products and solutions on a non-admitted and admitted basis.
  • Skyward Specialty's subsidiary insurance companies consist of Houston Specialty Insurance Company, Imperium Insurance Company, Great Midwest Insurance Company, and Oklahoma Specialty Insurance Company.
  • For more information about Skyward Specialty, its people, and its products, please visit www.skywardinsurance.com
    View source version on businesswire.com: https://www.businesswire.com/news/home/20220616005100/en/

Texas Supreme Court Affirms Trial Win for Thompson Coe Client

Retrieved on: 
Thursday, June 16, 2022
Employment, Review, Estate, Supreme Court of Texas, Partner, Business transaction management, Court, Property, Business, LLC, Professional liability insurance, Supreme court, Elephant, State legislation in protest of federal law in the United States, Corporate law, Policy, Private law, Executor, Texas Department of Insurance, Admiral Group, Tex, Lists of action films, Texas Courts of Appeals, Element, Appeal, Chambers, Risk management, Insurance, Insurance

AUSTIN, Texas, June 16, 2022 /PRNewswire-PRWeb/ -- Thompson Coe Appellate partner Michael Eady and San Antonio Appellate lawyer Nissa Dunn successfully represented Elephant Insurance Co. in a longstanding wrongful-death case that ultimately determined whether an insurer owes a duty to give post-accident advice to its insured on how to be safe at an accident scene. See Elephant Insurance Company, LLC v. Lorraine Kenyon, Individually and as Executrix of the Estate of Theodore Kenyon, No. 20-0366 (Tex. 2022).

Key Points: 
  • The trial court agreed, as did the Fourth Court of Appeals three-Justice panel in a split decision.
  • Elephant Insurance petitioned the Texas Supreme Court to review the Court of Appeal's decision.
  • Lastly, the Texas Supreme Court balanced the factors for "determining the existence, scope, and elements of legal duties," agreeing with the trial court and the court of appeals' panel that the insurer bore no such duty, as stated in the opinion.
  • Thompson Coe is recognized as a "Band 1" law firm for Insurance in Texas by Chambers & Partners USA 2004-2022.

AXA XL builds out cyber incident response team in North America

Retrieved on: 
Thursday, May 12, 2022
Professional liability insurance, Temple University, IAPP, Risk management, Textbook, Drexel University, Insurance, Multimedia, University School, Temple University Beasley School of Law, Axa XL, International Association of Privacy Professionals, Privacy, Information, Thomas R. Kline School of Law, Technology, New York State Bar Association, AXA, District Attorney of Philadelphia, St. John's University School of Law, Computer security, Access, AIG, Reinsurance, Jeanelle C. Moore, Law

NEW YORK, May 12, 2022 /PRNewswire/ --To help businesses before, during and after actual or suspected cyber breaches, AXA XL continues to build out its cyber incident response team in North America with the addition of Jeanelle Dawes-Ghee, Yelizaveta (Liz) Veys and Bridget Mead as claims specialists, reporting to North America Cyber Incident Response Manager Gwenn Cujdik.

Key Points: 
  • NEW YORK, May 12, 2022 /PRNewswire/ --To help businesses before, during and after actual or suspected cyber breaches, AXA XL continues to build out its cyber incident response team in North America with the addition of Jeanelle Dawes-Ghee, Yelizaveta (Liz) Veys and Bridget Mead as claims specialists, reporting to North America Cyber Incident Response Manager Gwenn Cujdik.
  • If a company does have a cyber incident, our cyber clients will be in very skilled hands, working together with the Cyber Incident Response team to achieve an optimal outcome."
  • Access to the Cyber Incident Response team is part of AXA XL's cyber insurance offering .
  • Jeanelle joins the team with a strong background in cyber incident response having assisted in the incident response of hundreds of events large and small, in both the public and private sectors.