PIASC Insurance News

Cyber Consciousness

March 19, 2021 |

7 in 10 businesses aren’t prepared for cyber vulnerabilities. Large, multinational firms can absorb the financial costs associated with a cyber attack, small businesses can go bankrupt if not prepared. In today’s online world businesses need to be aware of the risks and take proactive measure to mitigate the risk. In this brief conversation you will learn what to look for and how cyber insurance can help in the event of an attack.

IN: Spotlight on Employment Practices Liability Insurance

March 2, 2021 |

Dear Valued Customer, In this issue of “————” we put the spotlight on Employment Practices Liability Insurance. Employee lawsuits have risen roughly 400% over the last twenty years, making Employment Practices Liability Insurance (EPLI) extremely important coverage. EPLI can protect you from suits to do with wrongful termination, harassment, discrimination, breach of contract, emotional distress,…

Spotlight on Employment Practices Liability Insurance

March 2, 2021 |

What happens if you fire someone and they turn around and sue you for discrimination? Regardless of why you let them go, you are going to have to pay for your legal defense. Imagine if one of your employees harasses another. Your company could face settlements and legal fees, all because the offense took place…

Does your EPLI include a definition of ‘breach of privacy’?

March 2, 2021 |

Business owners worried about discrimination or sexual harassment lawsuits will often purchase Employment Practices Liability Insurance (EPLI). However, many businesses fail to check to see if their EPLI policy covers an invasion of privacy. What do we mean by ‘invasion of privacy’? In California, a woman filed a lawsuit over the monitoring application her employer installed…

Reducing Lawsuit Exposure: Eleven Things Your Company Should Know

January 18, 2021 |

You must do everything possible to avoid work-related lawsuits, but obtaining Employment Practices Liability Insurance (EPLI) to protect your business from workers who believe their legal rights as employees of the company have been violated, is a vital backstop. Here are eleven important things your company should be aware of in order to reduce your…

Take steps to reduce your risk of employee lawsuits

January 18, 2021 |

Numerous state and federal laws provide job candidates and employees with protections from discrimination and other unfair workplace practices. The number of employee lawsuits has increased in recent years, and any size business is vulnerable to this type of risk. Small businesses can be especially vulnerable because they are less likely to retain employment attorneys…

Trends to Watch for Employment Practices Liability Insurance

January 4, 2021 |

Trends to Watch for Employment Practices Liability Insurance: Increased litigation—While litigation for workplace harassment fell slightly in 2019 as compared to 2018, overall levels of litigation for workplace claims are still at near-record highs. Additional trends, such as an aging workforce, could further the volume of legal actions filed against employers. State-level activity—In 2019, more…

Phishing and ransomware can be your worst nightmares, how can you prevent these evolving threats?

December 30, 2020 |

Toward resilience against phishing and ransomware attacks Over the past years, phishing and ransomware have become the most rampant form of cybercrime and an exponentially increasing threat to organizations. The vast majority of organizations have been targeted by phishing or ransomware. Ransomware, a form of malware designed for the sole purpose of extorting money from…

Don’t Let Ransomware Hold Your Business Hostage

December 28, 2020 |

It can be as easy as an employee opening an email attachment. Once they do, a virus can infect their computer, lock their files and tell them to pay a ransom if they want to regain access. This is a type of cyberattack known as ransomware, one of the most important cyber risks businesses need…

OSHA Injury & Illness Recordkeeping & Reporting Requirements

December 20, 2020 |

Recordkeeping Requirements Many employers with more than 10 employees are required to keep a record of serious work-related injuries and illnesses. (Certain low-risk industries are exempted.) Minor injuries requiring first aid only do not need to be recorded. How does OSHA define a recordable injury or illness? How does OSHA define first aid? This information…