Blogs
Gain Perspective on Critical Legal Developments and News Straight from Our Team.
BLOGS
Professional Liability Insurance for Contractors: The Basics
Professional liability insurance, which is also called errors and omissions (E&O) insurance, protects professional service providers against claims of negligence, mistakes or failure to perform professional duties.
Can Labor Costs Be Depreciated When Calculating Actual Cash Value of a Covered Loss in Property Insurance?
Commercial property insurance will reimburse you for direct physical loss to covered business property caused by a covered peril within your policy period. There are two basic types of coverage for property damage: replacement cost coverage and actual cash value, or ACV, coverage.
The Difference Between General Liability and Professional Liability Insurance
Your commercial general liability (CGL) insurance policy is the foundation for your company’s insurance program. Most businesses need a CGL policy, which provides broad coverage if you cause bodily injury or property damage, and, in some cases, personal injury, to a third party.
Bad Faith and Settlements in New York: Your Insurer Must Protect Your Interests
When your business is sued by a third party, your liability insurance company has a good-faith obligation to honor the promises it made to you in your insurance contract. This includes defending you in court and indemnifying you for any judgments or settlements for covered claims, up to the policy limit.
What Are Common Exclusions in EPLI Insurance?
Employment practices liability insurance (EPLI) is a necessary product for many businesses in today’s litigious world. EPLI protects your business from various kinds of lawsuits brought by current, former or prospective employees.
What are the different types of reinsurance?
Reinsurance is an insurance product for insurance companies, enabling them to transfer some of their risks to a reinsurance company.
What to Do When Your Business Insurance Claim Gets Denied
If you are like most businesses, you pay a considerable sum for insurance coverage. In return, when you submit a claim for covered losses, you expect the insurance company to reimburse you.
“Other Insurance” Clauses in Insurance Contracts
Placing “other insurance” clauses in insurance contracts is one of many ways that insurers look to limit their liability.
Medical Providers Have Standing to Sue under ERISA in Ninth Circuit
The Ninth Circuit recently held that medical providers have standing to sue under the Employment Retirement Income Security Act of 1974 (ERISA)