Professional Liability Insurance Archives | Huntersure

Why do Consultants Need Professional Liability Insurance?

Posted on: July 23, 2020 by Huntersure LLC.

Consultants come in many forms, advising business clients, helping with design projects, or filling in online content remotely. But while they may serve their clients in various ways, all consultants can benefit from professional liability insurance. Liability insurance is crucial to any successful and secure business. In fact, some consultants have probably even advised their […] Read More

Preventing Professional Liability Lawsuits

Posted on: July 16, 2020 by Huntersure LLC.

Management consultants, consulting firms, and market researchers are tasked with bringing their client’s business strategy to the next level. But even professional consultants with years of experience may not be able to predict things like missed revenue numbers, unexpected costs, and problems with executing their strategy in some way. When variables like these arise, a client […] Read More

4 Ways Accounting Clients Can Improve Their Business Communications

Posted on: October 10, 2019 by Huntersure LLC.

Accountants and financial advisors have great attention to detail and an ability to analyze numbers and find solutions. While these great technical skills are enviable in their trade, it’s the softer skills, such as communications, that may need some sharpening. Business communication for accountants can always be revisited and fine-tuned as some CPAs struggle with […] Read More

The Cost of a Product Recall

Posted on: September 19, 2019 by Huntersure LLC.

Product recalls can leave a lasting blemish on any company by impacting their sales, reputation, and customer trust. A product recall makes the effort to retrieve and replace defective goods for consumers. When this happens, the cost is absorbed by the company or manufacturer, posing potentially multi-billion dollar losses, like with Volkswagen, which faced an […] Read More

The Differences Between Claims-Made and Occurrence Policies

Posted on: September 12, 2019 by Huntersure LLC.

Liability policies for clients are usually broken down into two categories: occurrence or claims-made. This system helps to streamline the process of handling claims, expediting everything from payouts to updating a current policy’s limits. An occurrence policy provides coverage for claims that result from an injury or another event that occurs during the term of […] Read More

Recent Factors Affecting Professional Liability Claims and Costs

Posted on: September 5, 2019 by Huntersure LLC.

There are a number of factors that play a role in professional liability risk insurance. From economic issues to nationwide litigation trends, the professional liability insurance market can change at the drop of a hat. In 2019, financial and professional liability insurance rates in the U.S. increased by seven percent and will probably continue to […] Read More

Two Big Challenges with Prior Acts Coverage

Posted on: August 8, 2019 by Huntersure LLC.

A difficult concept for purchasers of professional liability insurance is what prior acts coverage refers to as well as claims-made policies. A negligence claim against a lawyer or any other type of professional, such as an accountant, typically evolves from services that were provided many years before the time of the claim. With this in […] Read More

The Liabilities of Social Media Use for Attorneys

Posted on: July 18, 2019 by Huntersure LLC.

Social media use has filtered its way into our bloodstream as a society since sites like Facebook and Twitter began taking hold of the average American’s attention over a decade ago. Naturally, social media use expanded out to other areas besides posting baby pictures and finding out about the latest restaurant in your neighborhood. Businesses […] Read More

Lawyer Risk Management: Screening and Rejecting Potential Clients

Posted on: June 20, 2019 by Huntersure LLC.

Clients seeking out the right legal representation have a lot to consider, including reputation, price, and the lawyer’s track record of winning cases. But it’s just as important for the lawyer in question to be just as risk-averse when picking up a new client. Risk management is most effective before the attorney-client relationship begins, as […] Read More

Utilizing Confidentiality Clauses: The Legal Considerations

Posted on: June 13, 2019 by Huntersure LLC.

Confidentiality agreements, or clauses, in settlement cases draw the line in legal matters today. Breaking a confidentiality agreement can lead to a breach of contract situation, which will then in turn bring on damages to the party that broke the clause. Defendants in a case usually force plaintiffs into confidentiality agreements as most plaintiffs don’t […] Read More