New Lawyers Professional Liability Insurance Market – Golden Bear Golden Bear Insurance Company offers a Lawyers Professional liability insurance product that is broadly tailored to meet the needs of all legal professional in a world of emerging risks. Their policy can be further customized to cover unique practice areas. Golden Bear Insurance...Read More
Directors & Officers (D&O) Liability Insurance What is D&O Insurance? Directors and Officers insurance (D&O Insurance) protects a company against liability while managing their business. The policy will cover defense costs and settlements resulting from claims that allege a breach of fiduciary duty, errors and omissions, and misrepresentations. Who Needs D&O Insurance? Public,...Read More
Endless Opportunities if You Know Where to Look Opportunities to write new business in the healthcare and life sciences sectors are endless. Focusing your efforts in these areas should prove to be extremely successful for any insurance agent. At Founders Professional, we pride ourselves on our specialization and expertise in the wholesale professional liability...Read More
Three of our Newest Insurance Markets for Your Risks Global Indemnity gbli.com Primary & Excess Rated “A” (Excellent) by AM Best Group Management Liability /Not-For-Profit PACKAGE PRODUCT (D&O, EPL, Fiduciary, Crime) A modular package policy for Privately Held, For Profit Companies and Non-Profit Organizations. Target small to middle market risks with up...Read More
Components of a Great Wholesale Insurance Submission A question I’m often asked as a wholesale insurance broker is ‘what are you looking for in a submission?’ Well, for different lines of coverage, this can mean different things. But overall, there are three things that fit just about every submission. In a world where instant gratification...Read More
Businesses of all sizes are experiencing cyber incidents at an alarming rate. Cyber-related losses like fraudulent wire transfers, phishing and ransomware attacks have become the focus of cyber criminals. Therefore, the need for cyber insurance (for businesses of all sizes) has never been greater. Cyber insurers look carefully at each potential client to make sure...Read More
THE SINGLE BEST PROTECTION AGAINST RANSOMWARE MFA can Save your Business from Malicious Ransomware and other Cyber Attacks Small businesses are exposed According to the department of Homeland Security approximately 50 – 75% of all ransomware breaches were against small businesses. With the rise in successful ransomware breaches, the associated costs of a ransomware...Read More
The Primary- Excess Model vs. The Quota Share Model April 2022 A relatively recent development in the domestic liability market is the proliferation of the Quota-Share format of insurance coverage. Quota-Share is a method by which two or more insurance carriers share the exposure presented by a particular risk, in that they share the loss-limit...Read More
Raffi Kodikian March 2022 Congratulations to Raffi Kodikian, Senior Vice President & Lawyers Professional Liability Practice Leader, at Founders Professional for being recognized by Insurance Business America Magazine as a 2022 Top Specialist Broker. Raffi has been recognized for this esteemed honor two out of the past three years. Raffi’s specialization is in the...Read More
Cyber Insurance Threats and Underwriting Requirements Cyber insurance premiums are continuing to rise drastically in 2022. Insureds have seen premium increases from 50% to 400%. Premiums have increased due to a spike in claim frequency and severity. In the last 18 months, there have been many cyber breaches, but there are three that stand...Read More
