Search CompleteMarkets

Fiduciary Claims Become Pecuniary Pain
FIDUCIARY CLAIMS BECOME PECUNIARY PAIN Some ...ealth plans. Call us for details on Fiduciary Liability insurance.

...orporate status, accountability, fiduciary responsibility and protection? ...carefully examine the potential for liability and weigh the possible risks tha...

Fiduciary Responsibility
FIDUCIARY RESPONSIBILITY Dear (Customer Name... that can prove to be very costly. Fiduciary Liability coverage is our business. We can...

... safety; directors, officers and fiduciary responsibilities; product tampering...hat were around during the products liability crisis in the mid 1970s or the c...

...an insurance agent operates in a fiduciary capacity, so they’re held to ...

... quality control; loss prevention to real and personal property; transit exposures; foreign contract evaluation; internal and external crime audit; product liability; hiring and firing practices; safety committee review; employee and public safety; automobile and fleet safety; directors, officers and fiduciary responsibilities; product tampering; extortion; kidnap and ransom; credit risk, claims and self-insurance monitoring; claim funding alternatives; environmental hazards; effects of marketing cycles; and effects of new legislation. This list can be expanded to reflect the client's own concerns and ... Risk Management 4/30/2013 12:00:00 AM by CompleteMarkets Editor , Alan Bland This content has not been rated yet. Alternative Title: YOU DON'T KNOW WHERE YOU'RE GOING, UNTIL YOU KNOW WHERE YOU'RE AT' OSHA, WHMIS, CERCLA, ERISA? What do they all mean? If you are involved in the protection of your company and its assets, you need to know what these and other acronyms stand for. D&O , E&O , CGL, ACV, RCV, and so ... suppliers; key customers; key facilities, equipment, and people; computer dependence; valuable papers, designs, and intellectual property; quality control; loss prevention to real and personal property; transit exposures; foreign contract evaluation; internal and external crime audit; product liability; hiring and firing practices; safety committee review; employee and public safety; automobile and fleet safety; directors, officers and fiduciary responsibilities; product tampering; extortion; kidnap and ransom; credit risk, claims and self-insurance monitoring; claim funding alternatives; environmental ...

...ted by the trustee or other plan fiduciary. Closely held businesses. The v...iness. Due Diligence Although the fiduciary is responsible for his/her own d...

... ) 47 Cal.3d 654, 254 Cal.Rptr. 211; Tri Delta Eng. Inc. v. Ins. Co. of North America (1978) 80 Cal.App.3d 752, 146 Cal.Rptr. 4. Agents in some other states have been held for a breach of a fiduciary duty to their clients, though that rationale does not appear to have been used in California. 4.2.2. Fact situations leading to claims. Failure to obtain available coverage. Failure to obtain coverage allegedly requested by the client is probably the most common basis for a ... Cal.4th 1083, 4 Cal.Rptr.2d 874. The courts are only beginning to define what these public policy reasons are. Some employment cases are preempted by workers compensation as a remedy, which is subject to workers compensation insurance. Other claims involving pension rights may be preempted by ERISA, the 1974 Pension Reform Act. If the employment agreement has an alternate dispute resolution clause, that clause will generally be enforced unless it can be set aside for the usual reasons other contracts can be avoided (fraud, mistake, etc.) . Employment ... Glossaries Management Resources & Links Categories Popular Recent All Back Legal Outline For California Agencies - Chapter 4 4/30/2013 10:39:41 PM by CompleteMarkets Editor This content has not been rated yet. LEGAL OUTLINE FOR CALIFORNIA INSURANCE AGENCIES CHAPTER FOUR LITIGATION, LIABILITY INSURANCE, AND DISPUTE RESOLUTION 4.1 Risks posed by litigation. Litigation is a major threat to an insurance agency. Many potential claims are uninsurable in California, such as punitive damages claims. Substantial deductibles are often necessary to make coverage affordable. These facts of life ...

...have been held for a breach of a fiduciary duty to their clients, though that ...ng pension rights may be preempted by ERISA, the 1974 Pension Reform Act. If ...

... producers who don't follow procedures and other control measures almost always create more work for the service and support personnel, hurting productivity, morale, and often the agency's internal or external selling price. E&O CONSIDERATIONS AND GUIDELINES Legally, an insurance agent operates in a fiduciary capacity, so they're held to the high standards demanded of a trustee. In other words, the law considers an agent to be more than a salesperson; the agent must act in good faith and candor. In most jurisdictions, an insurance agent is obligated ... the traditional agency's scope, such as placing business in or having an ownership interest in a captive? Are you involved in reinsurance, TPA, or risk management consulting? Do you sell annuities, mutual funds, or other securities, particularly in situations that might involve ERISA? What about the joint venture that was just completed with the local bank — is it covered? In short, a full financial-service insurance agency is not traditional, so a normal E&O policy might not cover it. Rather than accept the standard policy ... and clients the best and most comprehensive insurance plans, they often don't give their own situations the same type of evaluation. With the expanded responsibilities that agents have taken on, such as fee-based consultative services or providing underwriting decision-making assistance for insurance companies, comes additional professional liability exposure. The available E&O coverage has been changing dramatically, too. There's no standard policy anymore, and having the wrong coverage can literally bankrupt a firm. If a claim isn't covered by the policy or is in dispute, the legal costs alone ...