Professional

Rise of the Gig Economy Increases Need for Miscellaneous Errors & Omissions Insurance

Forty-three percent of the workforce in the United States is expected to be made up of freelancers by the year 2020, as compared to just 6 percent nearly 30 years ago.1 The rise of what is described “the gig economy” is driven by business professionals wanting greater autonomy outside of the 9-to-5 world. An increasing number…

Directors & Officers Insurance in the Nonprofit Sector

Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Dario Nalli, Director, Executive Lines, Burns & Wilcox, shares his insight on Directors & Officers (D&O) insurance. Q: Why is a Directors and Officers (D&O) policy needed at the nonprofit level? Dario Nalli (DN): D&O, in…

CAPITALIZE ON REAL ESTATE E&O INSURANCE

Capitalize on Real Estate E&O Insurance

Just as home buyers insure their purchase, real estate agents need to safeguard the role they play in the transaction. Purchasing a home is one of the most emotional decisions a family can make. As the broker of that decision, a real estate professional’s relationship with the buyer can be a very personal one—leading to…

Defensive Measures

As cyber espionage and data breach threats escalate, new coverage strategies emerge to protect professionals from cyber vulnerabilities When Yahoo announced a data breach in which at least 500 million accounts were compromised, it was big news, but hardly an isolated incident. That same week, hackers went public first with a picture allegedly of First…

Trends, Tips, and Insights on Medical Malpractice Insurance

By 2020, the healthcare industry is projected to add over 4.2 million jobs.1 As a result, many retail brokers and agents are targeting this booming segment to grow their book of business. However, if a broker is unfamiliar with working on Medical Insurance policies they may overlook a coverage exposure that could result in a…

The New Normal in an Online World: Cyber Liability

In the world of cyber insurance, last year’s policy was designed for last year’s threats. But with new, more sophisticated threats emerging all the time, it is imperative to review and reevaluate your clients’ policies on a regular basis. Are your clients among those living dangerously? To minimize potential financial damages address these gaps in coverage with…

Employee vs. Contractor: Employment Practices Liability

How to make sure your clients are protected with EPLI Hiring contractors as opposed to full time employees is a rising trend. According to Forbes, freelancers now make up 35 percent of the U.S. workforce1. Although this staffing approach provides business owners with greater flexibility and lower costs, it can also lead to unrest within…

Ask the Expert: Shedding Light on Architects and Engineers E&O Insurance

Insurance Market Source regularly taps into its network of experts for insight into key trends across the insurance landscape. Nicole Greene, Director of Brokerage, Professional and Executive Liability Center of Excellence, Burns & Wilcox, shares her insight on Architects and Engineers Errors & Omissions (E&O) insurance.   Q: Define Architects and Engineers E&O and the key…

Four Housing Trends to Know for Real Estate E&O

There are approximately 2 million active real estate licenses in the United States alone, and housing sales are increasing.1 As of November 2016, the national home price index has surpassed its peak set in July 2006 before the last major recession.2 As sales increase and real estate agents become stretched, there is a potential for…

Baby Boomers Grow Allied Medical Capacity

Roughly 10,000 Baby Boomers will turn 65 each day for the next 17 years—and that means an increase in healthcare staff will be needed to meet the growing demand. “By 2040, aging seniors with disabilities will expand from 10 million to 20 million,” says Karl Olson, Vice President, Professional Liability Regional Practice Leader, Burns &…