Following an arson fire in 2021 that destroyed a building owned by BAS Holding Corporation on the Brockton Fairgrounds, Philadelphia Insurance Company undertook an investigation that focused on whether the building was vacant, which would limit coverage. As part of its investigation Philadelphia issued multiple document requests to BAS. BAS cooperated fully and responded with over 700 documents.On June 16, 2021,
Insurance
Safeguarding Your Business: The Importance of Cyber Liability Insurance
In today’s digital landscape, small business owners face a growing risk that could potentially disrupt their operations and tarnish their reputation: Cyber Threats. With cybercriminals becoming increasingly sophisticated, it is essential for small businesses to adopt proactive measures to protect their sensitive information and customer data. One such measure is investing in cyber liability insurance. In this blog post, we…
Safeguarding Success: The Importance of Cyber Liability Insurance and Technology Errors & Omissions for SaaS Companies
Introduction
In the ever-evolving landscape of technology and software as a service (SaaS), businesses face a range of risks and potential liabilities. SaaS companies, in particular, handle sensitive data, provide critical services, and face the threat of cyber attacks and legal disputes. To protect their operations and reputation, it is essential for SaaS companies to have comprehensive insurance coverage. In…
Insuring the Impossible: Navigating California’s Homeowners Insurance Maze
California’s homeowners insurance market can be a frustrating and complex maze to navigate. With its unique challenges and factors that influence insurance rates, understanding the basics of homeowners insurance in California is essential. In this article, we will explore the ins and outs of insuring a home in the Golden State, from the coverage options available to strategies for dealing…
Business Insurance 101: What you need to know to get the right insurance for your Small Business
As a small business owner, you know how crucial it is to protect your company’s assets and financial interests.
One way to do this is by getting the right business insurance based on your needs, budget and risks.
But dealing with insurance policies can be overwhelming, especially with all the confusing terms and language.
In this article, we’ll explain the…
Insuring Success: A Guide to Navigating Small Business Insurance
Running a small business comes with many challenges, and one of the most important aspects to consider is insurance. Protecting your business is crucial to its success and longevity. In this guide, we will explore different types of business insurance, understand the basics of small business insurance, find the right insurance for your small business in Los Angeles, and learn…
Does My Business Acutally Need Cybersecurity Insurance?
Don’t look now, but we’re about to reveal some secrets.
But first, a question: Does your business need cybersecurity insurance?
And by “really need,” we don’t mean “it would be nice to have if we win the lottery.” We mean “as essential as that morning coffee that fuels your 9 to 5.”
You’re in the right place if you’ve been…
Protecting Your Auto Dealership: The Importance of Cyber Liability Insurance
As technology continues to transform the automotive industry, auto dealerships have become increasingly dependent on digital systems and online operations. While this digital shift offers numerous benefits, it also exposes dealerships to new risks, particularly in the realm of cyber threats. Cybercriminals target auto dealerships to access sensitive customer information, steal intellectual property, or disrupt business operations. In this blog…
Cautionary Tales of D&O Bump-Up Exclusions
For some time now, merger-objection and acquisition-objection litigation against buyers of companies have been on the rise. In years past, these cases often settled for not much more than additional-disclosure agreements and reimbursement of plaintiffs’ attorney fees. Some settlements, however, have involved substantial financial payments to the acquisition- and/or merger-objecting plaintiffs to resolve their inadequate-consideration, also known as “bump up,”…
Insurance Sidebar :: Stowers Power — Advanced Strategies For Settlement
Under Stowers, an insurer faced with a settlement opportunity is required to act reasonably in settling a covered claim. How can you prove an insurer failed to do so?
Join Amy Elizabeth Stewart and Beverly Godbey in our latest Insurance Sidebar as they examine three case studies that show the power of Stowers—and its limitations.
If you are facing complex…