Authored by Sara Weathers One of the unexpected side effects of the COVID-19 pandemic has been the prices of materials and labor skyrocketing. Because of this, increases in property insurance claim costs are taking place as well. In an interview with Jim Sams of ClaimsJournal.com, Greg Pyne, who is the vice president of pricing solutions at Versik’s Xactw...

Read More About How the COVID-19 Pandemic has Affected Property Insurance Claims

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...

Read More About What is Employment Practices Liability?

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...

Read More About Why is Directors and Officer’s Liability Important?

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...

Read More About How Can You Benefit from Fiduciary Liability?

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...

Read More About The Importance of General Liability Insurance

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...

Read More About What is Business Auto Liability?

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...

Read More About High Net Worth Families Cyber Targets

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...

Read More About Cyber Protection for Your Law Firm

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...

Read More About What is Lawyer’s Professional Liability?

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! 

Read More About Professional Liability Insurance