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How Partnering With a Cyber Insurance Broker Protects Your Clients

ProWriters

As an insurance broker, you likely recognize that while these technologies drive business operations, they also increase vulnerability to cyber crime, making Cyber Insurance a necessity for your clients. Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging.

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What is a Managing General Agent (MGA) in Insurance?

Distinguished

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. MGAs operate as an extension of specific insurers.

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How You Can Get EPLI Quotes in Mere Minutes

ProWriters

Your business clients need Employment Practices Liability (EPL) Insurance , or EPLI. Without it, they risk incurring substantial expenses in employment-related claims. Why Do Businesses Need EPL Insurance Coverage? Third-party claims usually deal with allegations of discrimination or harassment. “If

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Blog Post: Global Microsoft Outage: Guidance for Claimants Navigating the CrowdStrike Event

LexisNexis

Learn about the steps businesses should take to recover on the business interruption, including contract and indemnity claims, caused by this software failure. Cybersecurity Insurance Policies Review Checklist Discover key issues and risks that should be considered when reviewing a cybersecurity insurance policy.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Understanding E&O Insurance Errors and Omissions (E&O) Insurance is liability coverage protecting professionals against claims for negligence, errors, or mistakes made in the course of their work. It’s especially important for businesses and individuals in the legal, accounting, real estate, and insurance sectors.

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Analyzing Average D&O Insurance Premium Trends in 2023 and Beyond

ProWriters

The trajectory of average D&O Insurance premiums has been a critical barometer for Cyber Insurance brokers keen on gauging the market’s pulse. This rise in D&O claims is expected to push premiums upward as insurers recalibrate risk assessments.

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Combating Fraudulent COVID Unemployment Claims

Risk Management Monitor

As federal and state officials scramble to send unemployment and stimulus funds to help people hit hard by COVID-19 business shutdowns, it has become a perfect storm for cyber fraud. The payments are an easy target for cybercriminals as hackers and cyber gangs around the world have started to file unemployment claims use stolen identities.

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