Insurance help during this period of quarantine

There is a TON of information out there, and some of the information seems to be changing daily in response to new legislation. You may have had staff asking about coverage due to quarantine, illness, or a need to care for children who are sick, or have to be home due to school and daycare closures.

One area that seems to be changing for the better seems to be a broadening of disability benefits and paid family leave ...

Continue Reading →
0

AIG Visits M&Co

AIG 2016

 

 

This week, Maloney & Company, LLC met with Greg and Andrew from AIG.

AIG has identified architects and engineers professional liability as an important area for growth in 2016 and wants to partner with Maloney & Company on firms with over $5M in billings. AIG reports solid growth in professional liability (errors and omissions) for architects ...

Continue Reading →
0

Crime Insurance on a Rise

At Maloney & Company, LLC, we’ve been talking more and more about different coverages that are becoming very important. Employers Practices Liability Insurance (EPLI), Directors and Officers Liability (D&O), Crime, and Cyber Liability are included in this mix. Let’s talk a little bit about Crime Insurance:

What it Does:

Commercial Crime Insurance covers money, securities, and other property against a variety of criminal acts that occur inside and outside the premises of your business due to external threats and/or ...

Continue Reading →
0

EPLI

BOS

 

Employment Practices Liability Insurance – is it Important?

Well, the likelihood of being sued by an employee is now three times greater than experiencing a fire loss. In just 2014, the Equal Employment Opportunity Commission received nearly 90,000 discrimination charges that year. 65% of these claims were groundless, but those employers still had to shovel out costs of investigating and defending against them. Along with claims from employees, many ...

Continue Reading →
0

Data Breaches at a Record High

2014 was a record year for data breaches, and the numbers will only rise. The number of U.S. data breaches that were tracked in 2014 hit an all-time high of 783, according to the Identity Theft Resource Center. Since 2005, there have been in excess of 5,000 data breach incidents, involving over 675 million records. Keep in mind, that this number only encompasses those reported, many breaches fly under the radar every day.

Eva Velasquez, the president and ...

Continue Reading →
0

Out-of-State Workers’ Comp Claims

Many employers assume that workers’ compensation policies cover out-of-state exposures, when in reality, each workers’ compensation policy must be written to reflect specifically all states where the employer has either work or employees.

A workers’ compensation policy will usually extend to cover employees who are hired in one state while temporarily working in another; the benefits would be from the state of hire. It becomes a sticky situation when the state in which the employee is ...

Continue Reading →
0