Blog
Addressing Abuse and Molestation Liability Through Insurance
Date: May 5, 2020Category: Author:
The possibility of a costly abuse claim arising is a very real threat for organizations that provide care or services to vulnerable populations, including children, the disabled, and the elderly. Abuse can take a variety of forms as it can be physical, emotional, sexual, or even financial in nature. Year after year, sports associations, daycares, […]
Fill Your Coverage Gaps with Inland Marine Insurance
Date: May 4, 2020Category: Author:
Inland marine insurance was once used strictly in the ocean marine industry to protect against property losses before, during, and after water transfers. As the non-ocean aspect of the cargo journey developed, cargoes were transferred to barge, and the term “inland marine” was created. These policies became known as “floaters” because the property covered was […]
The Volunteer Protection Act
Date: April 30, 2020Category: Author:
To promote volunteerism, the Volunteer Protection Act (VPA) was signed into law in 1997. This act pre-empts existing, looser state laws protecting nonprofit volunteers, encouraging the public to participate in social service. Overview of the Volunteer Protection Act The VPA protects volunteers against civil liability under the following conditions: The volunteer was acting within the […]
How to Protect Your Organization From Ransomware
Date: April 29, 2020Category: Author:
According to cybersecurity firm Emsisoft, 205,280 organizations around the globe reported experiencing a ransomware attack in 2019—a 41% increase over 2018. This fact not only illustrates that ransomware attacks are on the rise, but it also underscores the need for organizations to act to prevent such attacks from impacting their operations. What Is Ransomware? According […]
Understanding the Business Interruption Claims Process
Date: April 28, 2020Category: Author:
Continuity is critical in business, and there are few things more important than continuous revenue and cash flow. In fact, just one brief business interruption can be incredibly costly for an organization, often leading to serious reputational damages or financial harm. That’s where business interruption insurance can help. In the event of a disruption, business […]