Why Private Companies Need D&O Insurance

Private corporations and nonprofits are less likely to be targeted in multi-million dollar directors and officers liability lawsuits than publicly traded companies. They still have risk exposures, though. In fact, in a recent survey by Advisen, 25 percent of D&O claims among private companies settled for $1 million or more. Could you protect your directors and officers from claims that …

Business Income Coverage: Survival

Plan for Small Business In survey of business owners by Trusted Choice a few years ago, more than half of the owners said they didn’t have business income coverage. More than half of businesses without business income insurance will close within three years of a serious loss. Business income insurance would “have protected those small businesses from that fate,” according …

The Property Risks You Might Have Overlooked

A strong insurance program will protect your business from loss due to fire, theft, vandalism, and more. But without certain important coverages, your property coverage could leave you short of the funds needed to rebuild and recover. Increased Cost of Construction Do you own your business premises? Any building more than a few years old might not comply with current …

Crisis Management: Where Risk Management and Public Relations Meet

You might (and certainly should) have a disaster management plan to help your company minimize the effects of a catastrophe. You’ve probably planned ahead for the possible necessity of evacuating employees and customers. You have a guide for backing up your data and a contingency plan to make sure your products continue to be manufactured or your services are delivered. …

Service/Therapy Animals—What’s the Law?

Guide dogs and service dogs have helped individuals with disabilities navigate life for decades. Today, assistance animals, therapy animals, and emotional support animals have also become common. What’s the difference and what’s the law? Many people legitimately need service, support or therapy animals, while others use the “therapy animal” name and even fake vests and registries to sneak their pets …

2017: The Year of the Cyber Attack

Cyber security problems will increase in 2017, warns Experian Data Breach Resolution, a branch of the credit reporting giant. In its 2017 Data Breach Industry Report, Experian noted it expects to see several new—and frightening—trends: – “Aftershock” password breaches becoming more common– Nation-state cyber-attacks moving from espionage to war– Healthcare organizations becoming the most frequently targeted sector– Criminals focusing on …

Winter Prep Check-Up Time

It’s that dreaded time of year again, when Mother Nature begins to get feisty. Sometimes it’s a late season hurricane – like Matthew – or an early blizzard – like Utah’s last September – that puts a damper on your life. These things happen. When they do it means that WINTER IS COMING, and you need to be prepared. Let’s …

Protecting Your Cargo over the Holidays

Earlier this year, the FBI released its second annual compilation of cargo theft data. This report does not include aircraft cargo data; only cargo transported by sea and on our national interstates and highways. During 2014, 547 incidents of cargo theft were reported by law enforcement. The stolen cargo had an estimated value of more than $32.5 million. These FBI …

What’s a “Reasonable Accommodation?”

Changes for new laws in the workplaces are like the changing seasons; give it 15 minutes and something has changed or been added. Employers need to stay up to date on the new laws that are required for them regarding policy changes and procedures. It is our duty here at Barker Phillips Jackson to assist employers with up to date …