No company, big or small, is immune to a data breach. Many small employers falsely believe they can elude the attention of a hacker, yet studies have shown the opposite is true. According to the Symantec SMB Threat Awareness Poll Global Results, 40 per cent of the data breaches in 2011 were at small to mid-sized companies.
Professional Liability. Errors and Omissions, Malpractice – All common names for a very specific type of coverage: These are policies that people with specialized knowledge have to and should obtain when interacting with the general public because they are being sought out for that knowledge. Whilst putting together some information for a client of mine, […]
I encounter many people who run their business year in and year out without insurance and only approach the subject when it becomes a contractual obligation. While they may not be required or regulated to carry the insurance, doesn’t mean the risk isn’t present for them to be pulled into a suit for misrepresentation etc. Even BS suits (pardon […]
Here is a fantastic article about health spending accounts from the Canadian Government.
I often get inquiries about professional liability from companies and individuals who find themselves in the situation where they have never had the coverage before and are now required to have it due to contract requirements. They often do not seen the need for the coverage since a claim has never happened to them – […]
It is with mixed feelings that a business owner or employee opens up the doors to quoting insurance brokers. On one hand you feel important and on the other hand, if you choose based on price and flashy style, the person ends up moving on or is never around when you call. Your broker typically […]
E&O Insurance, more commonly known as Errors and Omissions insurance helps to protect you from financial loss due to lawsuits brought against you for alleged mistakes as a professional. The public is much more aware of its legal and contractual rights and whether right or wrong, many people think that legal action is the way […]