The Importance of Risk Management in Healthcare Risk Management in Healthcare provides organizations the opportunity to mitigate any risk that may harm them. To achieve this goal, Risk Managers develop strategies to manage risks related to patient record access, protection, and more. In these strategies, they also implement contingency plans for unexpected catastrophic events and evaluate administrative systems & processes that enable operational and financial efficiency. Read The Full Article →
How Digital Ecosystems Create Value Digital Ecosystems are growing in popularity, but what is a digital ecosystem? In simple terms, Digital Ecosystems are “connected sets of services in a single integrated experience,” according to Insurance Thought Leadership. These groups of interconnected information technology resources function as a unit with one key element in common: interoperability. The goal of these Read The Full Article →
How to Avoid the Risk of a Cybersecurity Attack Businesses of all sizes and industries face the risk of cyberattacks. And just last year, the world seemingly entered a new era of online business. According to the financial professional & investment firm Nation Wide, 55% of small businesses have experienced a data breach and 53% Read The Full Article →
What is Prior Acts Coverage & Why is it Important? Every business that purchases a claims-made insurance policy needs to understand what prior acts coverage is. Prior acts coverage is an insurance policy feature. It covers claims made on insurable events that occurred prior to a claims-made policy’s retroactive date. Claims-made policies have distinct limitations Read The Full Article →
What Does Tools & Equipment Insurance Cover? As a contractor, keeping up with tools on every project is a big part of your job. This is a difficult task because of construction moving forward and the constant changing of equipment. As a result, it is not uncommon to lose these items. Because of this, it Read The Full Article →
3 Ways to Avoid Compliance Burnout Like any great team, your compliance department wants to be more proactive in achieving its goals. Unfortunately, it is not out of the ordinary for compliance team members to carry out a variety of tasks. With time, more and more tasks are piled onto your team members and they Read The Full Article →
SmartCompliance Integrates with EZ CERT Management SmartCompliance, the powerful software that streamlines the compliance management process, announces its integration with EZ CERT Management, one of the biggest companies that specializes in insurance management for Franchises. This innovative platform will centralize and speed up the process of tracking Certificates of Insurance to ensure Franchisees’ end-to-end compliance. Read The Full Article →
Everything You Need to Know About Employment Practice Liability Insurance (EPLI) Employment Practice Liability Insurance (EPLI) is necessary for every business, no matter the size. This coverage protects from an employee’s claim when their legal rights as workers have been violated. Here are a few examples of employee rights: Sexual harassment Discrimination Wrongful termination Breach Read The Full Article →
What Contractors Need to Know About Blanket Additional Insured Endorsements As a contractor, in due time, you will need to provide coverage for third parties or subcontractors you work with. You can do this with a blanket additional insured endorsement. Keep reading to learn more about this coverage and how to use it effectively. What Read The Full Article →
How to Avoid a Professional Negligence Insurance Claim In part two of this series on Professional Negligence we talk about how to avoid an insurance claim. In this post you will learn: How to avoid a professional negligence insurance claim. How to protect your business with insurance. Let us start by talking about what Professional Read The Full Article →
