E&O versus D&O

E&O Coverage

Business owners and managers often believe that E&O coverage is the same as directors and officers policies. Although at first glance the may seem similar, they apply to different circumstances. In some instances, both policies may be unnecessary. However, in many cases, a package that contains both may be necessary to prevent coverage gaps.

Errors and omissions insurance addresses a company’s products and services. It protects individuals and businesses that make educated recommendations, design solutions or give advice. Protection may be needed when there is an error in judgment or when something that should be done isn’t.

D&O policies provide insurance for negligence, omissions or misleading statements from directors and company officers that result in claims against them. Directors and officers policy coverage can reimburse the business when it indemnifies those individuals. Policies may also cover the business as a whole when it is named in a lawsuit.

E&O coverage is not a one size fits all type of policy. Insurance companies can help business owners and managers evaluate risk and make recommendations regarding deductibles and forms of coverage. An experienced insurer can work with you to ensure exposure to errors, employee rights violations, fraud, omissions and misstatements is minimal. One or both policies may be appropriate, depending on industry and profession.

Types of Homeowners Insurance and What They Cover

homeowners insurance in Los Angeles

If you’re buying a new home or just shopping for a policy that will cover you in case of an emergency, homeowners insurance in Los Angeles is a must. However, not all policies are created equal. To decide what types of insurance you should buy, you need to know what they cover. Here are three main types of homeowners insurance you should have.

Structural Coverage

Structural or dwelling coverage is the most common type of homeowners insurance. It covers damage to the structure of your home based on disasters like vandalism, burglary, hail, fire and sometimes water leaks. They’ll pay to replace parts of your home that get destroyed up to your policy limit, even total loss.

Liability Coverage

If someone else is hurt on your property, a liability policy can help you pay for your legal defense and compensation. It may also pay to fix property damage resulting from any accidents covered in your policy.

Contents Coverage

Last, but certainly not least, you’ll need coverage for your valuables and other belongings. If a disaster occurs, this type of policy can help you replace everything from furniture to clothes. You can either choose a policy that pays a depreciated amount for each item or a more expensive policy that will buy new replacements for any possessions up to the amount of coverage you paid for.

When you own your home, you should cover any possible problems by purchasing homeowners insurance in Los Angeles. By thinking ahead, you can save yourself heartache and problems down the line.

It’s Time to Explore Your Medical E&O Options

Axis Insurance Services

The last twenty years have seen rapid changes in the medical and healthcare industries. From multiplying regulations to increased costs to the ever-changing landscape of health insurance, health services providers face more avenues of potential risk. From medical malpractice to billing issues to data privacy, professional liability coverage from brokers such as Axis Insurance Services is an essential to safeguard your organization’s future and provide for your clients.

Who Needs Medical Professional Liability Coverage?

Medical professional liability insurance, or medical errors and omissions (E&O) coverage, is critical to address the unique types of risk pictures frequently faced by groups such as hospitals, physicians’ practices, accountable care organizations, allied health providers, medical billing firms, PPOs and other organizations. The complexities of the field ensure that no two firms’ indemnity protection options will look exactly alike. Advanced expertise is needed to craft an E&O solution that addresses a wide range of issues:

  • Medical malpractice claims
  • HIPAA compliance and fines
  • Issues arising from outsourcing
  • Telecommuting issues
  • Data security and patient records
  • Medical billing and transcription issues

The Best Health E&O Indemnity Solutions

The broker or agency you choose should craft a distinctive E&O protection strategy for your firm. Industry leaders such as Axis Insurance Services bring the skills and expertise to create flexible insurance solutions for your medical or healthcare services company.

Extras That Your Yacht Insurance Should Cover

"yacht insurance newport beach - https://www.marinersins.com/yacht-insurance/ Extras That Your Yacht Insurance Should Cover You know that your yacht insurance in Newport Beach covers accidents, property damage, and personal injury. However, that’s not all that a comprehensive policy covers. In fact, a great yacht insurance plan will pay for a variety of costs. Check with your insurance provider to see if you have the following additional coverages. Towing Assistance Just as with car insurance, yacht insurance can come with or without a towing rider. This feature typically does not add too much cost to your premium. However, it can save you lots of money and hassle if you do need towing or emergency assistance. Don’t get stranded, add this assistance to your yacht insurance in Newport Beach. Sunken Wreck Removal As you enjoy time on your yacht, the last thing you want to think about is a wreck. However, if an accident happens and your beloved yacht sinks, you may be held liable for the removal. This service can be expensive, but comprehensive yacht insurance plans can pay this fee for you. Personal Effects When you go out on your yacht, you don’t go empty-handed. Make sure that your yacht insurance in Newport Beach covers the belongings you bring aboard. If you have any questions about what your policy covers, be sure to consult a knowledgeable agent and read your policy thoroughly."

You know that your yacht insurance in Newport Beach covers accidents, property damage, and personal injury. However, that’s not all that a comprehensive policy covers. In fact, a great yacht insurance plan will pay for a variety of costs. Check with your insurance provider to see if you have the following additional coverages.

Towing Assistance

Just as with car insurance, yacht insurance can come with or without a towing rider. This feature typically does not add too much cost to your premium. However, it can save you lots of money and hassle if you do need towing or emergency assistance. Don’t get stranded, add this assistance to your yacht insurance in Newport Beach.

Sunken Wreck Removal

As you enjoy time on your yacht, the last thing you want to think about is a wreck. However, if an accident happens and your beloved yacht sinks, you may be held liable for the removal. This service can be expensive, but comprehensive yacht insurance plans can pay this fee for you.

Personal Effects

When you go out on your yacht, you don’t go empty-handed. Make sure that your yacht insurance in Newport Beach covers the belongings you bring aboard. If you have any questions about what your policy covers, be sure to consult a knowledgeable agent and read your policy thoroughly.

What Does My Homeowners’ Insurance Cover?

Alpine home insurance

If you’ve just purchased your first home, the next task on your to-do list should be to purchase Alpine home insurance. To get the proper policy for your home, it helps to understand what a basic homeowners’ policy covers.

The Dwelling and Other Structures

Of course, your homeowners’ insurance protects your home but it also protects the other structures on your property. Consider garages, barns or even guest houses you may have on your land. Even your fences may be eligible for protection.

Your Personal Property

In addition to protecting the structures, your homeowners’ insurance protects the personal property you have inside the home. At a basic level, policies typically cover electronics in case of burglary or disaster. You may also choose to purchase a plan that covers more expensive items like jewelry or fine art.

Yourself

Finally, basic homeowners’ insurance provides liability coverage. This protects you in the event that a guest or worker on your property is injured. Liability may cover medical bills and lost wages so that you don’t end up paying out of pocket.

When purchasing Alpine home insurance, always ask specific questions about what it covers. Remember, a typical homeowners’ policy does not cover damage due to earthquakes or floods. If you live in an area prone to them, you may need to purchase an additional policy.

Coverage Options Your Bank Needs

bankers liability policy

Every business requires insurance in order to operate reliably in the modern market. However, banks often face a completely different set of challenges, and tend to be at a much higher risk of experiencing crime such as theft, robbery or fraud at some point. That’s why having a good bankers liability policy on your side is an absolute must if you own a bank. It helps to keep your employees, your premises and your customers’ funds protected while you take care of business.

However, you should always know a bit about the types of coverage you’re getting before you just dive right in and start paying for any sort of policy. Typically, when it comes to a bankers liability policy, you’ll want a few main coverage options: crime coverage, cyber coverage and professional liability coverage. Crime coverage keeps your assets protected in the event that you face a robbery or theft. Cyber-liability coverage takes care of your business if you’re hacked or your database otherwise malfunctions. Finally, professional liability helps to keep the bank itself protected in the event that one of your employees makes a mistake.

Having these three types of coverage with your liability policy can help your bank remain as protected as possible while you take care of business.

Yachts Are Not Created Equal, and Neither Are Yacht Insurance Policies

california yacht insurance 

California yacht insurance is not just your typical boat insurance. Yachts are a huge investment and can be worth more than an actual home. For this reason, if you purchased a yacht, it would be wise to protect your investment with a secure insurance policy.

Just like a normal boat policy will vary depending on the type of vessel in question and the type of build-in equipment on that vessel, so will a yacht policy. Not all yachts are created equal. Some can be very elaborate and include high end furnishings, full entertainment systems, top-of-the-line appliances and more. Other yachts, on the other hand, may be strictly for fishing and include just the bare necessities. So that each yacht owner only pays for what they need, most marine insurance agencies offer a variety of packages at different price points.

Even the most basic insurance policies should cover property damage and liability claims, however. If your vessel is damaged in a storm or collision, your policy can help pay for recovery. If a passenger is injured on your yacht, if you cause an accident or property damage or if you are held liable for any reason, the best California yacht insurance policy will pay for your legal fees and help cover any settlements awarded to a third party. You can enhance your policy with personal effects protection, windstorm coverage, emergency towing and more.

To get the best policy for your needs, talk to an experienced marine insurance agent today.

Planning Ahead To Keep Workers Compensation Costs Down

workers claims management

It is important for businesses to identify opportunities to control costs in every aspect of operation, including the area of workers compensation. To this end, it is good practice to take a proactive approach to workers claims management. By planning ahead, it is possible to minimize the financial and productivity impacts of unfortunate events in the workplace.

Prevention is a big part of the strategy to keep workers compensation claims low. Work-related injuries or deaths can occur anywhere, from factory floors to administrative offices. It is wise to evaluate all work areas for possible safety risks. A combination of written policy and comprehensive training should be used to help employees to recognize potential hazards, and to minimize the risk to themselves in the performance of their duties.

No amount of prevention can stop all injuries. When an employee is hurt or worse, effective workers claims management requires fast action. After incidents, prompt communication with coverage providers is essential. Investigations should be launched quickly to gather as much information as possible, as close to the events as manageable. A process should be in place to ensure workers get medical treatment immediately upon being injured, and afterward with medical referral assistance. An employee handbook should detail the responsibilities and expectations for reporting injuries and handling their aftermath.

Three Reasons To Have Business Insurance

Axis

Many companies see the benefit in having comprehensive insurance policies to protect them from costly lawsuits. Investing in an Axis insurance plan allows you to find a policy that is tailored to your company’s specific needs. When choosing an insurance policy, there are three reasons to consider purchasing business liability.

Protection From Claims

One of the most obvious reasons to have business insurance is to protect your company from false claims. While many claims may be accurate, disgruntled employees and clients may occasionally file fraudulent accusations that have little merit. Even false claims can lead to expensive lawsuits, and having business insurance may help reduce these incidences.

Protection for Employees

Having the right policy for business liability could protect individuals from being sued. When mistakes are made, high-ranking company officials could be held responsible if the company does not have the right insurance policy in place. Similarly, employee liability gives company workers a degree of protection in the unfortunate event of the company being deemed an unfit work place.

Protection for Reputation

Every company builds its success upon its reputation. When a claim is made, it may tarnish the company’s reputation, but having good insurance may help avoid false claims or complete lawsuits. When problems are dealt with discreetly, the business may be able to keep a good reputation.

Choosing an Axis policy with business liability can be one of the best ways to protect your company. A comprehensive policy can help avoid false claims, protect employees, and keep the company’s reputation intact.

D&O Liability Insurance

Axis Management Liability Coverage

Directors and officers liability insurance is coverage for managers of companies that protect them from claims resulting from their decisions and actions taken while performing duties for the company. These policies cover directors and officers as individuals as well as the company if it has to pay a claim on behalf of its managers. Many companies choose to invest in Axis Management Liability Coverage as part of a risk management plan. Any company as the potential for D&O exposure but publicly traded companies are especially at risk.

Common Risk Scenarios

Different markets come with different risks. The most frequent claims are related to employment of Human Resources issues. These may include sexual harassment, discrimination or wrongful termination. Other common risk scenarios include:

  • failure to comply with regulations or laws,
  • shareholder actions,
  • inaccurate or inadequate disclosure,
  • decisions exceeding the authority of the manager or
  • reporting errors

Who Can Make a Claim?


Who can make a claim may vary depending on the country and on local laws. In the United States, many claims are made by former employees against a company. This is due to the nature of claims. In the U.S. around 40 percent of claims are made over employment practices. Some of the largest claims, though, are made by shareholders and regulators. Axis Management Liability Coverage may be able to add protection against any of these claims.