Posted on: October 10, 2019 by Huntersure
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
Posted on: September 19, 2019 by Huntersure
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
Posted on: September 12, 2019 by Huntersure
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
Posted on: September 5, 2019 by Huntersure
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
Posted on: August 8, 2019 by Huntersure
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
Posted on: June 20, 2019 by Huntersure
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
Posted on: June 13, 2019 by Huntersure
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
Posted on: May 16, 2019 by Huntersure
Fraud is on the rise all across the country and across many industries. From personal tax returns to companies taking advantage of their clients, fraud continues to be a major issue. In New York, there are already efforts to combat fraud in state taxes, meaning the alarm bells for fraud, in general, are already sounding. […] Read More
Posted on: May 2, 2019 by Huntersure
Accountants have a very important job during tax time, but that doesn’t mean they should slack in their relationship with their clients throughout the rest of the year. It’s important for accounting professionals to keep open communications with their clients through the entire year and know how to prioritize the topics in which they go […] Read More