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Category Archives: blog

Steps Management Can Take to Reduce Costly Employee Errors

Most employee errors are simple work-related mistakes that can be easily fixed. However, without the proper precautions in place some seemingly-innocent employee errors can lead to costly consequences. A minuscule error such as a typo in a contract or a program’s code or a missing signature on a document can turn out to have dramatic financial repercussions for a business if left unchecked.

Many employee errors are considered the result …

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Reducing E&O Liabilities for IT Businesses

IT consultants are hired to analyze, repair or create IT systems and structures for other businesses or organizations. They are even commonly tasked with more specific things such as writing code, installing programs and setting up hardware. Essentially, IT businesses focus on protecting other businesses from technological problems so that they can run smoothly. As business technology changes and evolves, IT consultants are taking on more and more responsibilities, which …

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How Your Company’s Website Could Be an E&O Exposure

A company website is an important aspect of a business’s online presence. Your business’s website is often the first impression your company gives to potential customers. It should be clear, clean, easy-to-navigate and contain enough information to answer common customer and potential customer questions and leave visitors with a good grasp of what your company is about.

In contrast, a website – even one that looks great – can actually …

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Social Engineering Fraud: A Risky Commercial Crime

Social engineering fraud is a blanket term that is used to describe cyber crimes that are designed to deceive and manipulate victims into giving out confidential personal and financial information and funds. Cyber criminals target a variety of victims with this type of crime. Essentially, anyone with an email address and bank account is vulnerable to social engineering fraud. However, businesses are a popular target due to the resources they …

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How Small Businesses Can Prevent Commercial Crime

How Small Businesses Can Prevent Commercial CrimeAs a small business owner, you are faced with a lot of expenses just to keep your business running. When it comes to insuring your property like your building, equipment and inventory, those are tangible losses that you can visualize and put a value on. But, when it comes to commercial crime insurance, you may hesitate.

You think you are surrounding yourself with trustworthy people, so no need for …

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The Most Common Crimes Committed Against Businesses

The Most Common Crimes Committed Against BusinessesThe very nature of business commerce – the activity of buying and selling on a large scale – is exactly what makes businesses susceptible to a variety of different crimes. Money is almost always the main motivation in business crimes, and in some cases the thieves feel justified stealing from a “corporation” rather than a person. However, money stolen from corporations has to come from somewhere, and stealing from businesses …

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Understanding Fiduciary Liability Insurance and ERISA

Understanding Fiduciary Liability Insurance and ERISAThere is often a lot of confusion regarding the insurance needs of fiduciaries and retirement plan officials and whether an Employee Retirement Income Security Act (ERISA) bond is the same thing as Fiduciary Liability insurance. ERISA bonds and Fiduciary Liability Insurance have similar goals, but are not the same. This article aims to better explain the differences of both, and clear up any misunderstandings.

Fiduciary liability insurance, sometimes called …

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3 Things to Consider When Purchasing E&O Insurance


3 Things to Consider When Purchasing E&O Insurance
Errors and omissions (E&O) insurance is the essential policy that covers a business or individual consultant in the event that a client accuses them of being responsible for a wrongdoing in a service they provided, or failed to provide. E&O insurance may be called by different names; for example, in the medical field it is often referred to as malpractice insurance and for some types of professionals in may be …

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The Importance of Professional Liability Insurance for Property Managers

The Importance of Professional Liability Insurance for Property Managers

Due to the nature of their profession – working with people, property, and all that the two entail – it is imperative that property managers protect themselves and their operations with the right insurance coverage. Property management cases are one of the most common forms of claim brought against real estate practitioners, as well as one of the areas with the highest damage awards. One of the most important forms

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D&O and E&O Insurance: What’s the Difference?

D&O and E&O Insurance: What’s the Difference?

On the surface, it can be tough to tell the difference between directors & officers (D&O) and errors & omissions (E&O) insurance. Both policies, at their core, are designed to safeguard a business against losses from claims of negligent or malicious acts. However, this does not mean that the two policies are interchangeable. That is a common misconception, but the two policies each have distinct areas that they cover, and

Also posted in D&O Insurance, Directors & Officers Insurance, E&O, E&O Insurance, Errors & Omissions, Errors and Omissions Insurance | Tagged , , , , , , | Comments Off on D&O and E&O Insurance: What’s the Difference?
Error Omissions
Error Omissions
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Error Omissions
Error Omissions