What is Employment Practices Liability?
Did you know that most employment-related claims are not within the scope of the general liability coverage? These claims are excluded by the expected or intended injury exclusion, the employer’s liability exclusion, or because the damages sought are neither bodily injury nor property damage.
As a consequence of the routine use of an exclusionary endorsem...
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Why is Directors and Officer’s Liability Important?
Wrongful acts include omissions, errors, misstatements, misleading statements, neglect, or breach of duty. Beneficiaries are the directors, officers, or the corporation itself.
Directors and officers can be personally sued by shareholders, creditors, employees, suppliers, customers, competitors, or regulators. Suites can be bought for various reasons- Sha...
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How Can You Benefit from Fiduciary Liability?
The Employee Retirement Income Security Act (ERISA) of 1974 was designed to protect private pension plan participants' rights. Fiduciaries of all employee benefits plans, including welfare plans and pension plans, assumed new responsibilities relating to the management and administration of benefits plans. Under the law, a fiduciary can be held personally...
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The Importance of General Liability Insurance
It is important to protect your firm from liability claims. General liability insurance (GL) is coverage that can protect you from a variety of claims, including bodily injury, property damage, personal injury, and others that can arise from your business operations.
General liability insurance is often combined with property insurance in a Business Owner...
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What is Business Auto Liability?
Business Auto Liability Insurance is an important safeguard for your law firm. If an employee is sued following a serious accident in a car or truck you or your business owns, liability insurance helps protect your company’s assets.
Most states require Business Auto Liability Insurance. It helps cover the financial responsibility if you or an employee is...
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High Net Worth Families Cyber Targets
Authored by Rachel Minyard
High net worth individuals and families have been targeted by cyber-attacks in the past year, as reported by InsuranceBusinessMag.com and Alicia Grzadkowska.
InsuranceBusinessMag.com notes the new remote working environment has resulted in many phishing scams and cyber threats- and not just at large companies. Darren McGraw, pre...
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Cyber Protection for Your Law Firm
Following the unprecedented issues of 2020 & 2021 that saw many law firms scrambling to send all employees to work from home, did we set ourselves up for cyber attacks unknowingly?
When you consider all employees accessing your firm network, documents, contacts, etc. from less secure home internet or public connections, it is not surprising that cyber...
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What is Lawyer’s Professional Liability?
Lawyer’s Professional Liability is designed to protect an insured member of the policyholder from catastrophic financial loss. If the professional is sued for malpractice and becomes legally obligated to pay damages, the professional liability carrier will defend the insured in the suit. Any damages, up to the limit of liability, that the insured becomes...
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Professional Liability Insurance
When was the last time you reviewed your Professional Liability insurance for proper coverage and cost?
The AdvoCap Insurance Agency, Inc. team is glad to help your law firm! Click the "Contact" tab for more information!
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The Many Faces of Risk Mitigation at Your Firm
Every good legal professional knows the importance of protecting their firm from the mishaps and misfortunes that will inevitably occur. It can be hard enough to provide quality representation to clients when everything goes exactly right, but what happens when there is an error? A paralegal misses a deadline; a lawyer doesn’t properly notify a client of...
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About The Many Faces of Risk Mitigation at Your Firm