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...ty requirement for claims against lawyers. The courts have justified their ad...ompany can rely on the consultant's lawyers. Nevertheless, this expectation c...

...r professionals, such as doctors, lawyers, architects, engineers, and CPAs, ha...e insurer. DIRECTORS & OFFICERS LIABILITY Nonprofit and for-profit corpora...

...les are not relevant for limited liability companies, sole proprietorships, o... had adequate E&O and other Liability coverage, and that this coverag...

...se nobody understands it-even the lawyers, sometimes! Technical terms are acce...s because of the attorney's fear of liability. Honest communication and a clea...

...er, it’s not just for doctors and lawyers. This insurance policy covers error... on time. If you have professional liability insurance, your policy will cov...

... store denied the allegations and said the manager was fired because he violated the store's zero-tolerance policy on sexual harassment. He was suspended after a stock clerk accused him of trying to fondle him; other employees provided signed statements accusing the manager of conduct ranging from mild sexual innuendo to fondling and propositioning employees. Even if the store wins the suit, it will have lost hundreds of thousands of dollars on lawyers' fees and its public image will suffer. If it loses the suit, the verdict could be in the millions. Only 5% of the workforce is responsible for 95% of employment-related litigation. Most of those 5% have victim mentalities. They believe that they're entitled to a job and salary regardless of their performance; they blame others for their shortcomings; or they refuse to accept ... , according to Tony Burnham, executive vice president of Employment Council for Abbott Resource Group Inc. "This is happening all across the nation. Companies are experiencing an explosion of employment-related claims based on sexual harassment and discrimination, wrongful termination and a host of other human resources issues," says Beth Schroeder, an employment law attorney and co-author of The EPL Book: The Practical Guide to Employment Practices Liability and Insurance. Sound employment practices are no longer a guarantee against employment practices liability. You need to keep up with ever-changing employment laws, Shroeder says. So how can you avoid hiring a victim? According to Burnham, thousands of successful public and private corporations of all types and sizes have benefited from these "best practices" for hiring: ALTERNATIVE HIRING PROCEDURES With today's low unemployment rate, ...

... for agencies with clean balance sheets. Use finance agreements whenever possible. Change expiration dates on accounts that experience cash-flow problems at particular times of the year. Pay attention to the small things; you've already taken care of the big ones. RULE 6. Make sure your producers have employment agreements. It's not as easy to get the terms you want if your producers have no agreements. Have your lawyer make sure the agreements are enforceable if they have been drawn up well after the producer was hired, and make sure they are assignable to a new buyer. RULE 7. Demand and expect good collateral for any future installments. Agency assets alone are not enough. The buyer's corporate and personal guarantees are a minimum. It's good to have other collateral, which is usually available if you are ... Spend a lot of time understanding your balance sheet. Buyers- public brokers and private purchases alike-expect and usually demand approximately 60 days' worth of expenses in Tangible Net Worth (TNW) as part of the sale terms. If you don't have 60 days' worth, start leaving profits in the business. Calculate it this way: Assets minus Intangibles (goodwill, expirations, and covenants) minus Liabilities equals Tangible Net Worth. Remember to add in off-balance-sheet liabilities, too! These include deferred compensation or covenant payments to former owners or acquisitions that are not carried on your balance sheet. Use only the principal value of such obligations, if any. If you owe the agency money, start paying it off regularly. Once you get the debt to zero, keep it there. RULE 5 ...

...will be covered by their general liability, directors and officers, workers' compensation or umbrella liability insurance. Yet virtually all of the...lly designed to afford coverage for liability arising out of wrongful employment practices. Employment practices liability (EPL) insurance may be available...

...ay be forced to pay for court and lawyers' costs incurred by the company, win ...

... 0 ) Financial Insurance This content has not been rated yet. CompleteMarkets Editor 4/30/2013 10:40:33 PM FINANCIAL INSURANCE Financial insurance (also known as Finite Risk insurance) is enjoying a revival in popularity as larger organizations search for ways to reduce their loss-payment timing risk and .. All Articles by CompleteMarkets Editor Comments (0 ) How Much Can You Rely On Your Consultant's Lawyer? This content has not been rated yet. CompleteMarkets Editor , Gary Lawson 4/30/2013 10:41:58 PM HOW MUCH CAN YOU RELY ON YOUR CONSULTANT'S LAWYER? by Gary Lawson, JD, LLM, Bruce Campbell, JD, and Gavin Kahn, Esq. A common practice in business today is for comp.. All Articles by CompleteMarkets Editor Comments (0 ) Insurance ... THE WORKPLACE by Stephen Linzer If one of your employees calls you an obscene name and threatens to kill you, firing him or her might seem to be the appr.. All Articles by CompleteMarkets Editor Comments (0 ) Epl: Building A Three-Legged Stool Of Protection This content has not been rated yet. CompleteMarkets Editor , Gary Griffin 4/30/2013 10:35:25 PM EMPLOYMENT PRACTICES LIABILITY INSURANCE: BUILDING A THREE-LEGGED STOOL OF PROTECTION by Gary Griffin, ARM, and Rachel McKinney As the incidence of wrongful employment practice suits increases, .. All Articles by CompleteMarkets Editor Comments (0 ) Financial Insurance This content has not been rated yet. CompleteMarkets Editor 4/30/2013 10:40:33 PM FINANCIAL INSURANCE Financial insurance (also known as Finite Risk insurance) is enjoying ...