Live Insurance News

New miscellaneous professional liability insurance from Berkshire Hathaway

January 13, 2016January 12, 2016 Julie Campbell

This MPL product from the BHSI Professional First line has been launched in Canada. Berkshire Hathaway Specialty Insurance (BHSI) has now announced the launch of their new Professional First™ Miscellaneous Professional Liability Insurance that can be purchased within Canada. This new type of liability insurance product offers professionals coverage against a range of accusations. According to the descriptions of the new BHSI miscellaneous professional liability insurance policy, it allows professionals to cover themselves and their services firms against allegations of errors or omissions, negligent acts, neglect, misleading statements, misstatements, breach…

eQuoteMD Hits Sales Milestone in Number of Physicians Served

April 9, 2013April 21, 2014 Guest Author

A unique, dedicated broker service helps physicians find medical malpractice insurance. St. Louis, MO April 09, 2013: As an online service providing quotes for medical malpractice insurance to physicians, eQuoteMD has achieved a milestone in both the number of physicians served and total premium volume sold. The website, launched only two years ago, has helped thousands of physicians with quotes, policy comparisons, and insurance coverage for malpractice risks. Company executives credit the success to the combination of the ease of use for the customer, collaboration with industry experts, and the…

Five Tips for Keeping Errors and Omissions Insurance Costs Down

January 30, 2013April 13, 2014 Guest Author

In our lawsuit-happy society, in which even the spillage of hot coffee can lead to a multi-million dollar settlement, virtually every business needs some form of errors and omissions (E&O) insurance. Also referred to as professional liability insurance, professional indemnity insurance and, in the medical field, malpractice insurance, E&O insurance covers various types of businesses against the costs associated with civil lawsuits. The economy remains strained, however, and business executives want to know how they can minimize the cost of E&O insurance. In this article, we’ll look at five ways…

Insurers working to adapt to changes in professional liability risks

June 6, 2012 Marc

Changing laws spur evolution in insurance industry The health care landscape in the U.S. has changed in the two years after the Affordable Care Act was signed into law. Though the future of the law now rests in the hands of the U.S. Supreme Court, the changes it brought to health care and the insurance industry has caused a shift in professional liability risks. Even if the law is overturned, these risks are expected to weigh heavy on insurance companies that provide coverage for health care professionals. Insurers, however, are…

What should you think about when you consider buying cyber insurance

April 2, 2012April 2, 2012 Nordstrom

Data breaches are a form of attack that can come on with absolutely no warning or provocation, and can cause either very little or no damage, or can cripple a business’s ability to function. Because they are so unpredictable, making them extremely challenging to budget for, cyber insurance is considered by many to be a very practical way to offset any of the unanticipated costs that can be associated with them. That said, it remains very important to take additional preventive efforts and security practices to ensure that your data…

Insurance groups warns companies to take cyber attacks seriously and protect themselves accordingly

February 21, 2012May 5, 2013

As “hacktivism” becomes a major concern for companies all over the world who manage electronic data, the need for insurance protection against cyber attacks is becoming more apparent. Sihle Insurange Group, a Florida-based insurance organization, has begun a campaign to promote this type of protection. The insurer is warning companies in the U.S. that they need to be more proactive about their security lest they fall prey to hackers looking to cause a bit of mischief. Even a hacker looking for a laugh at the expense of others can cause…

Liberty International Underwriters launches three new cyber liability insurance products to protect consumers and companies from attack

February 14, 2012May 5, 2013

Liberty International Underwriters, a specialty lines division of Liberty Mutual Insurance, has announced that it will be providing three new cyber liability products. Insurers are beginning to take the risk of cybercrime seriously, especially as more hackers become more brazen in their attacks on companies and government institutions. While companies face the potential for major losses as the result of cybercrime, consumers are the ones that are affected most by attacks. Identity theft is rampant in the world of technology, and many have found their sensitive financial information compromised due…