Professional Lines

Professional Lines Market Insights

Keeping you informed on emerging issues and trends in the professional lines insurance space to help you win.

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Amwins is a leading professional liability insurance broker specializing in financial, professional and management risks. Through our expertise, market access and proprietary products, our specialists find solutions for accounts of all sizes and complexities.

Managing Increasing Sexual Misconduct Liability Claims in Healthcare

In the medical professional marketplace, carriers are increasingly reducing or removing coverage for Sexual Misconduct Liability (SML). What was once a straightforward sublimit within a professional liability tower—or even a separate tower—now requires additional underwriting scrutiny for limits above $100,000.

State of the Market Report: A Focus on the Energy Sector

The energy insurance market has undergone notable changes, with increasing stabilization in the downstream sector offering more favorable conditions for insureds. Renewals have started to reflect lower rates, despite ongoing challenges from natural catastrophes and rising claims. This shift is influenced by improved capacity and profitability among carriers, alongside strategic partnerships in navigating complex risks.

Police Professional Liability: A Necessary Evolution in Security

As the need for well-trained, experienced security personnel grows, there’s been a noticeable shift towards hiring off-duty police officers instead of relying solely on traditional security guards. This transition reflects the growing need for personnel that have the proper training, arrest authority and the ability to handle complex security situations effectively.

Insurance Claims at Lloyd's – How Does it Work?

The claims process can be long and complicated, particularly in the London market, where syndicates operate under the Lloyd’s of London corporate “umbrella.” Amwins Global Risks is a Lloyd’s broker and one of the largest independent Lloyd’s broking operations, placing approximately 13% of all Lloyd’s U.S. premium.

Navigating Business Interruption Risks in the Age of Cyber Disruptions

In an age where cyber disruptions are more commonplace, it is becoming readily apparent how critical contingent business interruption and standard BI coverages are for safeguarding against the cascading effects of cyber outages. Effective BI policies and risk mitigation strategies could significantly reduce the financial impact of such disruptions, which have already resulted in billions in losses.

Avoid These 3 Mistakes When Insuring Construction Clients

With a wide array of approaches to professional liability in the marketplace, building the right risk management solution for each client’s unique needs can be complex. Here are three mistakes to avoid when insuring contractors in order to create the best insurance program.

State of the Market Report: A Focus on Cyber

The cyber insurance market has seen a significant shift since early 2023, softening considerably and presenting more favorable conditions for buyers. Renewals are often coming in at level or below expiring pricing, despite increasing claims activity. This shift is driven by improved capacity from both new market entrants and existing carriers expanding their offerings, including limits up to $10 million.

Navigating Asset Manager Forms and Submissions

Asset managers need customized insurance coverage that caters to their specific risks and regulatory needs. Learn why a thorough and detailed application is necessary for getting comprehensive coverage, especially for intricate risks related to funds.

CrowdStrike Outage: Market Impacts and Coverage Implications

Businesses across the globe were affected by CrowdStrike's content update, experiencing costly business interruptions and system failures. This article outlines the response we’re seeing from the market so far and what we anticipate, guidance on claims reporting, coverage implications, and more.

AI in Healthcare – What we know and how we are responding

Underwriting for healthcare accounts leveraging AI is determined by what method of AI is being used and how the information gathered through AI is being processed. In this article, we explore what insureds taking advantage of the benefits of AI should consider.

Evolving Social Engineering Tactics Raise the Stakes for Cyber Coverage

Managing social engineering risk involves a layered strategy of system controls, employee training and insurance coverage. Amwins can help.

ESOP Growth Presents Market Opportunity for Retail Agents

Creating an ESOP carries risks that need to be managed and insured – for both the former company owners and the new employee ownership group. Here we explore the opportunity for retail agents to grow a book of business in this space by increasing their knowledge and aligning with partners who have access to the markets and products they need to succeed.

Spike in Accommodation Complaints Increases Employers’ EPL Risk

After a few years of declining frequency, employment practices liability (EPL) complaints against employers have returned to pre-pandemic levels. Learn what's driving the increase and best practices that can help clients manage EPL risk.

Active Assailant Coverage: A Key Provision in Preparing for California's New Workplace Violence Prevention Law

With more than 110 mass shootings already this year, it’s clear that active assailant incidents pose a severe and unpredictable threat to businesses of all types. And while most insureds have not been exposed to an active assailant event, the demand for this coverage is on the rise.

Social Services Look to E&S Amidst Change in Admitted Marketplace

Coverage for social service entities – traditionally written directly by admitted, retail-direct carriers – is shifting to E&S markets. Learn how growing claims and the rise of social inflation have resulted in exponential premium increases, if renewal is offered at all, and what insureds can do to obtain coverage.

Professional Services: A Critical Element of E&O Insurance

It is exceedingly important to ensure that the definition of professional services matches as closely as possible with the services that are actually provided by the policyholder. Here's why.

State of the Market 2024 Outlook

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

Objective Warranties Should Reduce Coverage Disputes

Warranties come in a variety of forms and the wording of warranty statements can vary. In this article, we explore how replacing subjective language within a warranty statement with more objective warranty language is better for policyholders, insurance carriers and insurance brokers.

Managing D&O Risk in the Era of ESG and DE&I

At its heart, D&O insurance has always been about protecting organizations and directors against breach of duty. Coverage has evolved over time as new regulations and laws have been enacted and as new societal expectations, including ESG and DE&I, have raised the bar on what “duty” means. This article will discuss this dynamic environment, impacts on the D&O insurance marketplace, and how you can help prepare your clients.

Competitive Cyber Market Expected to Continue

It's Cyber Security Awareness Month. Rather than reminders about strong passwords and phishing, we focus on what's going on in the market and how to help your clients make the most of it. We spotlight the MOVEit data breach and meta pixel tracking class action lawsuits, as well as the SEC's final cybersecurity disclosure rules that went into effect last month.

New SEC Cybersecurity Disclosure Rules and What to Expect Next

The SEC has released new cybersecurity disclosure regulations for public companies. In this article we talk about the impacts of the new rules and the expectation that something similar is forthcoming for registered investment advisors. New rules for this group will have a much larger impact on the financial industry as a whole and clients should be prepared.

State of the Market Report: Real Estate

Select key events and marketplace change since the beginning of 2023 will further shape the future of the real estate market for the rest of this year and beyond. This update endeavors to provide an informative look at the key factors driving the real estate marketplace.

Meta Pixel Class Action Lawsuits Focus on HIPAA – For Now

With so many questions about Meta Pixel liability unanswered, insureds need to be prepared. In this article we look closely at the impact online tracking technology has had on the healthcare industry and how you can help your clients mitigate their risk.

Want Access to Public Entity Cyber Liability Insurance? Make Sure You Have Security Measures in Place

Public entities without top tier cyber safeguards are finding they are woefully unprepared to seek coverage in the current marketplace. The message is clear: clean up security controls and spend money on safeguards, or cyber insurance may not be available.

Top 8 Cyber Risks Facing the Transportation and Logistics Industry

Every industry has exposure to cyber risks, including transportation and logistics. While these industries worked from paper and wheels for many years, now there are both internal and external networks that are critical to operating in this industry group. This article discusses the unique cyber risks facing the transportation and logistics sector, coverages to address these threats, and proactive cyber risk management tools.

Silicon Valley Bank Collapse: Impacts on the D&O Insurance Market

The Silicon Valley Bank (SVB) collapse sent shockwaves through the financial industry and brought public awareness of risks in the financial system to the forefront. In this article we look at what went wrong, impacts the bank's failure could have on the market, and risk management best practices banks and other companies should consider to improve their risk profile.

State of the Market - Q1 2023

While some segments are seeing softening, others face the hardest market conditions in decades. In this State of the Market report, Amwins specialists share market intelligence spanning rate, capacity, and coverage trends across lines of business and industries.

Miscellaneous Professional Liability: Navigating Coverage for Emerging Services

Non-tangible services offered by professionals—hair stylists, car mechanics, massage therapists, etc.—are businesses in need of insurance. In this article, we examine the complexities of misc. professional liability policies and placements and how retailers and brokers can help their insureds obtain better coverages by understanding their specific risk exposures.

Insurance Implications of Hiring Tax Staff Through Third-Party Vendors

While outsourced staffing is a useful mechanism for meeting higher demand during tax season, CPA firms must be aware of the common contractual provisions, as well as the potential implications for their errors and omissions (E&O) insurance.

Cyber Security Checklist: Cover Your Bases

In today’s world, risk transfer alone isn’t enough to protect a business from the implications of a cyberattack. This article outlines common exposures companies face and provides a checklist of privacy and compliance requirements and training, cyber insurance coverages, and risk mitigation resources.

Cybersecurity Attacks Ongoing in the Healthcare Industry

Cybersecurity attacks are increasing among the healthcare industry and it’s essential to understand the dangers that arise from it.

What’s the Future of Cyber Insurance?

Things move quickly in the cyber insurance market, and it can be challenging to stay up to date on the latest trends and issues impacting capacity, pricing and terms. For insights on the current state of the cyber market and the future outlook, watch our webinar on demand “The Future of Cyber Insurance: Where is the Market Going in these Uncertain Times?”

When Are Risk Retention Groups the Right Option for Medical Professional Liability?

The market for medical professional liability has hardened. While alternative risk vehicles, such as risk retention groups (RRGs), can be a great choice for certain insureds, they aren't a good fit for everyone. This article will help retail brokers understand how RRGs function, the benefits they can offer insureds, and how to help choose the right RRG to meet their clients' specific needs.

Market Factors Not the Only Driver for D&O Policy Pricing

Underwriters are taking a more individualized approach to pricing and conditions of Directors and Officers policies. While there are general economic factors at play, a company’s industry subset and unique business operations activities are what’s driving the underwriting decisions on renewals.

Vaccine Mandates Could Impact Costs, Conditions for Employment Practices Liability (EPLI) Policies

As we continue to see variants of COVID-19, whether to mandate vaccinations in the workplace will be an ongoing challenge for employers. They will need to have processes in place to mitigate exposures, and an EPL policy that protects them in the event of claims or litigation.

Liability Policies: Understanding How Abuse and Molestation Exclusions Impact Insurance Coverage

Because the term "abuse" is open to interpretation, alleged acts of abuse can happen to anyone, anywhere—creating risk exposures for all types of organizations and individuals. This article explains how exclusions to liability policies may limit insureds' coverage in the event allegations are made against them.

Community Associations Need a Good Defense Against Cyber Attack

Because community associations are often ill-prepared to protect themselves from cyber attack, they are particularly vulnerable to the top issues threatening cyber security today. In this article, we use real-world examples of cyber attacks on board members to illustrate the importance of cyber insurance.

5 Best Practices for Addressing CPA Firm Professional Liability Risks

In this article, we will look at key trends driving the increase in professional liability risks that can impact your CPA clients. By paying close attention to these matters, your clients can identify areas where they may have risk exposures and, as a result, focus on mitigating potential losses.

What Medical Professionals Should Know About Risk Retention Groups (RRG)

The US medical professional liability (MPL) marketplace has hardened with many commercial carriers raising rates and tightening coverage terms and conditions. As a result, some MPL insureds are moving from the traditional insurance marketplace to alternatives like risk retention groups (RRG). This article covers 4 common concerns that should be considered before moving to an RRG.

Telemedicine: Are Your Insurance Policies Due for a Checkup?

The global telemedicine market is projected to reach $52.3 billion by 2022, with predicted growth in behavioral health and substance abuse, outpatient virtual visits and critical care. While telemedicine has many advantages for patients, such as increased access to care and reduced costs, there are also new exposures for healthcare practitioners. This article address those risks and discusses insurance coverage considerations for them.

COVID-19’s Impact on Medical Professional Liability Litigation

As of May 2021, the U.S. has documented millions of COVID-19 positive cases, resulting in hundreds of thousands of deaths. With the increasing perception that these deaths were preventable, comes the specter of litigation. This article analyzes current trends impacting the Medical Professional Liability industry as well as factors, such as state and federal immunity laws, that will contribute to potential outcomes.

Insuring SPACs: D&O Risks, Coverages and Market Conditions

With substantial growth in the Special Purpose Acquisition Companies (SPAC) space, the SEC is increasingly scrutinizing their structure and internal controls, causing the already difficult D&O market to take note of the additional risk inherent to SPACs and the de-SPAC process. This article explores the difference between SPACs and traditional IPOs, inherent risks, underwriting concerns and the state of the SPAC and de-SPAC market.

Are Brokers in for a Tsunami of Pandemic-Related E&O Claims in 2021?

Agents and brokers Errors and Omissions claims are expected to substantially increase in size and frequency in 2021. This article looks at how COVID-19 has been the catalyst for propelling the uptick and severity, what it means in an already hard insurance market, the impact on brokers, and what you can expect over the next few months.

Top 3 Trends Affecting Cyber Risk and Insurance in the Energy and Oil & Gas Sector

The energy sector’s technological shift to remote control and network access as well as society’s focus on environmental consciousness has exponentially increased oil and gas company’s exposure to cyber-attacks. This article highlights the top three cyber trends affecting the energy sector, helping identify current risks and market conditions so you can determine the best coverage solution for your client.

How Excessive Fee Litigation is Changing the Fiduciary Insurance Market

In recent years, federal courts have been flooded with ERISA class action litigation against defined contribution plans and retirement plan fiduciaries. This article details the rise in excessive fee litigation, challenges in the fiduciary insurance marketplace and proactive steps plan sponsors can take to mitigate their risk.

Healthcare Wage & Hour Exposure and the COVID-19 Pandemic

The COVID-19 pandemic has, and continues, to put strain on the healthcare industry, causing new and increased Wage & Hour exposure. Even in these extraordinary circumstances, our frontline healthcare workers are subject to fair work standards set forth by the U.S. government and healthcare employers are subject to claims and enforcement action. This article examines how Wage & Hour exposures have been impacted due to COVID-19 and what employers need to know to mitigate their risk of claims.

Insuring Testing Labs: Top 4 Policy Considerations

Businesses of all types rely on the laboratory testing services industry to perform tests on items ranging from consumer goods and food products to construction materials and industrial components. Since testing labs span numerous industries, each with their own regulation standards and risk factors, insureds need a policy that is designed to specifically address their unique needs. This article highlights four areas that should be thoroughly considered when developing a coverage plan for testing labs.

Silent Cyber: An Issue Making Noise Across Industries and Coverage Lines

Cyber events don’t always just result in financial loss but can also cause first or third-party bodily injury or physical damage. In response, many insurers have adopted various exclusions, sub-limits and changes to non-cyber insurance policies. This issue of non-affirmative coverage for cyber events is known as silent cyber. Through various claim scenarios across coverage lines and industries, this article explores the wide range of insureds that are at risk of a silent cyber incident.

The Ripple Effect of Social Inflation and Nuclear Verdicts on the Insurance Industry

Social inflation is an issue that continues to gain intensity. The term describes the convergence of societal and legal trends resulting in increased litigation and larger jury awards. As these cases are tipping in the plaintiff’s favor, social inflation is adversely impacting insurance capacity and increasing pricing. This article explores the issues driving social inflation, mitigation strategies and what the future holds for impacted sectors.

Employment Practices Liability: #whatstrending

Employment practices liability (EPL) insurance in the U.S. marketplace has always been affected by social trends. This article explores the top factors influencing buyer behavior, product development and underwriting appetite associated with EPL coverage.

Is Your Insured’s Website Compliant with the Americans with Disabilities Act?

Court rulings, have extended the Americans with Disabilities Act (ADA) to apply to websites that are "heavily integrated" with and serve as a "gateway" to a physical stores/services. As a result, companies are now finding themselves targets for ADA claims based on the inaccessibility of their websites and media by those who are disabled.

Insurance Impacts of COVID-19 on the Healthcare and Senior Living Industry

As the healthcare industry remains on the front lines of battling the COVID-19 pandemic, staying abreast of the changing landscape and how the insurance market is adapting is critical to ensure new exposures are covered and renewals are successfully placed. In this article, our specialists share what they are seeing in the Healthcare and Senior Care markets, tips for risk control and mitigation, and how to get the best results for insureds.

Professional Lines Challenges and Market Response During the COVID-19 Crisis

The COVID-19 crisis has created a rapidly changing environment for the Professional Lines market. With the uncertainty of how claims will develop and the potential for increased exposure, retailers must be proactive. In this article, AmWINS specialists share their insights on why this is more important now than ever, including reactionary underwriting trends, D&O policy exclusions and impacts to EPLI, as well as the threat for increased cyber attacks and crime losses.

Mind the Gap: COVID-19's Impact on the Logistics Industry

The disruptive impact of the COVID-19 outbreak on supply chains is already having a pronounced effect on the world of logistics and logistics insurance. Port closures, demand surges and production shifts are requiring nimble response to keep up with change. This article arms insurance brokers with the information needed to understand the changes taking place and plan for what is likely to occur in the months ahead.

State of the U.S. Logistics Insurance Market

For decades, the logistics insurance market has been considered a sub-market of the cargo or ocean marine market. However, the continual rise of e-commerce and its effect on the global supply chain has carved out a complex and expansive industry niche. This article provides insight into the various lines of coverage, the specialized underwriting approach, and rate surges within the U.S. logistics insurance market.

Lloyd’s & the London Market’s Response to COVID-19

During the COVID-19 pandemic, Lloyd’s remains open for business and syndicates have successfully transitioned to working from home. However, there are notable changes in how the London market is approaching business. In this article, specialists from THB, AmWINS’ London broker, share their insight on consistent themes across the London Market as well as updates on various lines of business.

COVID-19 Claims Advice

There have been a lot of questions regarding COVID-19, in particular about coverage and claims handling. This claims advice is intended to offer guidance to help our retail clients through these difficult times.

COVID-19 – Are Your Clients Covered?

The disruption to business and everyday life caused by the coronavirus (COVID-19) pandemic is resulting in an economic impact for insureds. Much of this disruption is likely not covered by insurance. We have consulted with several AmWINS insurance specialists across the Property, Casualty and Professional Lines sectors and offer a COVID-19 update.

A Budding Market: Professional Lines Opportunity in The Cannabis Sector

Given the rapid growth and the normalization of cannabis as an industry, various operations throughout the cannabis distribution chain continue to face unforeseen financial exposures. This article addresses these exposures and four key areas of professional lines coverage that retail agents should access to ensure that they are offering a complete portfolio of protection to their clients within the cannabis industry.

How to Protect Contractors from Economic Loss in Construction Projects

While the inherent risk of bodily injury and property damage exists each time a contractor begins a project, the economic loss exposures are not always as apparent. The increase in the number of construction projects in the United States, coupled with the expanding roles and responsibilities of contractors, has created a perfect storm of exposure to economic losses for contractors within the construction sector. This article examines the Professional Liability policies available for contractors and how they would respond in common claims scenarios.

Modernized Disgrace Insurance Addresses "Bad Behavior" in the Internet Era

Having a superstar personality associated with a brand can create buzz and drive revenue. However, high-visibility individuals can also come at a high unintended price if their misbehavior creates a public scandal. This article examines modern disgrace insurance and how social media has created the need for a product that differs from traditional management liability and legacy products to help companies manage celebrity risk.

Disgrace Event Claim Scenarios

Disgraceful behavior incidents by celebrities and entertainers are at an all-time high and can be costly, both financially and reputationally, to the consumer brands, sports teams or production studios that employ them. These scenarios of recent disgrace events provided by SpottedRisk, creators of the modern Disgrace Insurance product, that illustrate how a claim would have been triggered under this product.

From Seed to Sale: The Top 5 Issues Impacting the Cannabis Insurance Industry

Over the last few years, the legal cannabis industry has seen rapid growth and had a significant impact on the U.S. economy. With states continuing to legalize its use, insurance needs for cannabis-related businesses are becoming a popular topic of discussion. This article examines the evolving cannabis industry by exploring five key issues impacting coverage.

A Bird’s-Eye View: Insuring Drones in the Construction Industry

The use of drone technology in the construction industry can revolutionize the lifecycle of a project and provide a contractor with a competitive edge. With the significant increase in the usage of drones, it's important that contractors employ sound risk management strategies and analysis in order to protect their business. This article explores the benefits of utilizing drone technology, associated risks, and legislative issues, as well as insurance coverages to consider.

Identifying Anti-Stacking Provisions in Policy Language

Anti-stacking provisions are designed to ensure that an insurance company will not apply multiple sets of limits to a single loss event. These provisions can have a significant impact on claims and may be designed for application to intra-policy and inter-policy loss events as well as deductibles. Through various examples and scenarios, this article explains what anti-stacking provisions are, how to identify them in a Property, Casualty or Professional Lines policy, and what they mean to policyholders.

Understanding Social Engineering Schemes to Mitigate Risks

Social engineers exploit human emotions, rather than using sophisticated software or hacking technology, to bypass the most iron-clad security measures. In the second part of our Social Engineering series, we identify examples of schemes employed by social engineers and how to design and implement comprehensive security practices to mitigate the risk of a loss.

Social Engineering: An Increasing Risk That Requires Increased Coverage

Increased regulations have made pure technological cyber-attacks more difficult and costly, causing cyber criminals to shift their focus to social engineering. Although traditional commercial crime policies contain a computer fraud and funds transfer fraud insuring agreement, courts have generally held that claims arising from incidents where the insured voluntarily transfers funds – many of which arise from social engineering – are not covered. This article examines key court rulings and how to fill in potential coverage gaps.

Ego D&O: Moral Hazards in the Age of Social Media

With rapid expansion of social media and blurring of company officers' personal and official personas online, the D&O risks for companies have grown significantly. This article examines the fallout from Elon Musk's infamous tweet about Tesla stock to illustrate how an officer's social media presence is a potential risk factor. With the market at a critical juncture in the underwriting of D&O coverage, this article also provides insight into essential risk management components.

Freight Forwarders Risk: A Growing and Evolving Market Segment

Many businesses that depend on the export and import of goods contract with freight forwarders to manage the intricate logistics of international trade. As the number of freight forwarders operating in the United States continues to grow and their roles continue to expand, new risks are being generated that require quick adaptation and innovative underwriting solutions. This article identifies the ever-evolving risks that freight forwarders face and explores coverage options for this growing market.

Claims Reporting: Better Late than Never?

A common complication during the claim process is the late reporting of claims. In some cases, a late claim can put the agent or broker's own E&O policy in jeopardy. There are many reasons for missing a reporting deadline; however, in most cases, they will not matter to the insurer or the courts. This article discusses typical claim reporting requirements, common causes of late reporting, and recommendations to mitigate the risk of late notice claim denials.

Cyber Liability in the Energy Space: Critical Coverage for Critical Assets

In 2018, companies within the energy sector rely heavily on technology to perform daily operations. With this increased connectivity comes increased cyber risk. As threats continually evolve, it is virtually impossible to adequately prepare for every type of cyber-attack; however, appropriate insurance coverage can play a key role in mitigating risk. This article discusses energy-related claim trends and the value that Cyber Liability policies can add to your coverage offering for energy risks.

The Professional Services Exclusion: A Cautionary Tale for D&O Insureds

A professional services exclusion is found in most private company D&O policies, as well as in D&O policies issued to publicly traded companies that provide professional services, such as banks and financial advisory firms. Seemingly minor differences in the wording of the exclusion's policy terms have caused numerous claim denials. Learn what you can do to protect against insureds being caught by surprise by a carrier's denial based on an expansive reading of an exclusion.

Employment Practices Liability in the Age of #MeToo

In 2017, the issue of sexual harassment – especially in the workplace – gained greater awareness as accusations of harassment by high-profile individuals were constantly in the news. In many cases, sexual harassment lawsuits seriously impacted businesses and their respective insurers. Employment Practices Liability Insurance not only provides protection against employee lawsuits, but can also help your clients mitigate their sexual harassment risks.

How To Protect Your Clients From Evolving Healthcare Regulations

The False Claims Act (FCA) is a law that imposes liability on persons or companies who have defrauded government programs and is the primary litigation tool used in combating fraud against the government. These tips and trends will help you navigate the changing healthcare landscape under the FCA.

Manufacturers E&O: Coverage Beyond a Standard Policy

The manufacturing industry contributed to over 12% of the U.S. economy in 2015, and this number is expected to increase. While new growth in production and sales is a positive development for businesses, it may also open the door to an elevated and often misunderstood insurance risk: financial damages not caused by bodily injury or property damage.

Cyber Liability: The D&O Dilemma

In the event of a cyber attack, the Directors & Officers (D&O’s) of a company are often held liable. D&O's should ensure they have comprehensive insurance coverage as well as mitigate their cyber liability exposure with these three steps.

Enhancing Securities Market Investors’ Protection in North America

The financial markets' crisis and the failure of major banks, securities broker/dealers and insurers together with an upswing in cases of fraud has meant that investors are profoundly concerned with the protection of assets they have entrusted to others. Fortunately, there are statutory bodies and insurance policies in both the US and Canada which have been created to address these concerns.

Endorsements that Protect Your Clients from Social Engineering Losses

In response to the masses becoming more aware of cyber-attack techniques, hackers have countered with more sophisticated attacks, such as CEO Fraud, also known as Social Engineering Fraud. How we do we address this increasing risk as an industry?

OSHA: Priorities, Inspections, and Citation Defenses

Despite the heavy burden on employers, since its inception, OSHA's programs and policies have dramatically improved employee safety. It's important that employers know about OSHA requirements and exemptions, which could make or break a citation defense.

Community Banks: The Return of the Multi-Year Insurance Policy

With the economy on the rebound, carriers have started to again offer multi-year policies for banks, but on a selective basis. Deciding if a multi-year policy makes sense for your insured requires careful consideration, and they can provide many benefits over traditional annual policies.

Required State Disclosure Language: What Does it Mean?

Not licensed. Insolvency. No guarantee of claims payment. These words on a policy can cause concern to insureds, especially those with little to no experience with the excess and surplus lines marketplace. Understanding the reasoning behind these disclosures will help you put your clients at ease.

Cyber Insurance Coverage for Bank Assessments

The most significant liability threat for companies after a data breach could be from their business partners, including banks and payment card processors. This article details what merchants and their brokers need to know to ensure their coverage matches their needs and expectations.

How to Soften the Insured vs. Insured Exclusion in Your Client's D&O Insurance Policy

Looking for ways to limit the Insured vs. Insured exclusion in your client's D&O policy? By considering the amendments recommended here, you may be able to negotiate broader coverage for your client.

Professional Lines and TRIA: Surprising Insurance Coverage Triggers

With the renewal of the Terrorism Risk Insurance Act (TRIA), it is a good time to look at Management Liability and Professional Liability lines to discuss how terrorism in general can trigger coverage.

The Cost of a Data Breach

There is a tremendous potential risk for merchants when it comes to the fines and penalties associated with data breaches – not to mention the public relations nightmare that could follow. Many insurers are hesitant to provide the capacity that is needed for the exposure that exists. Are your clients aware of the Cyberliability solutions that will cover them in the event of a breach?

Cyber Liability Insurance for Nonprofits Organizations

When it comes to cyber-crime and massive data breaches, there's one group that has been relatively overlooked when it comes to cyberliability - nonprofits. How would an organization with limited capital protect its infrastructure in the event of a breach?

EPL Policies and PEO Staffing Insurance Exposures

When an employer shifts its employees to a leasing agency or Professional Employer Organization, what happens to the employer’s Employment Practices Liability exposures? Without careful consideration, this transition can create coverage gaps and other complications, making consultation with a financial services professional an important part of the transaction to ensure clients are properly covered during this change.

Garage Liability Insurance Packages May Reveal Coverage Gaps and Lacking Limits

A close look at a garage liability policy will likely reveal a number of coverage gaps and exposures that could have a dramatic impact on balance sheets in the event of a claim. While these packages are the industry norm, identifying potential gaps and the stand-alone solutions that can supplement the garage package policy will go a long way in helping protect clients before it’s too late.