APC Buddy’s Post

What happens to your firm if you – or your firm’s leader – were to have an accident while traveling? Would things still run smoothly? One way to make sure things do run smoothly is to have a key person continuity plan in place, writes Jessica Colston, MS, PCC.  But you have to have four things in place to make your key person continuity plan more solid:   ✅ Updated valuation  ✅ Insurance analysis  ✅ Updated procedures manuals for your firm   ✅ Access to any templates for continuity plans from your compliance department or regulatory bodies Read more in Jessica’s blog post: https://lnkd.in/geuQ4k_D 

Has a client ever asked you what limit of liability they should have? Are you prepared with an answer? If not, the below should help!

What limits of liability should you have for your business? It's a common question that doesn't have a straightforward answer. While property limits are relatively easy to calculate, liability limits can be much more complex. Rather than relying solely on benchmarking tools, here are three things to consider when determining your limits of liability: 1) Contractual obligations: Make sure to review any contracts you have with clients or partners to see if they require a specific level of liability coverage. 2) Legislation: Look into any laws or regulations that apply to your industry. For example, certain industries may require higher liability limits than others. 3) Legal precedents: Research any relevant legal cases or precedents in your industry. This can give you a better understanding of what kind of liability coverage is typically required. Remember, it's important to have adequate liability coverage to protect your business in case of any unforeseen circumstances. Take the time to do your research and consult with a trusted #insurance professional to determine the appropriate limits for your business.

In the changing landscape of the insurance industry, continually improving processes is critical to staying competitive and reducing operational risks. The industry is dealing with significant changes as a result of high inflation and the complexities of new regulations. Managing these pressures requires a careful balance of compliance and operational efficiency. In this briefing note, our consultants Patrick Meghen and Alan McDonagh provide five case studies that show examples of some techniques we have used to improve clients' processes. https://lnkd.in/e3rBzZFN #insurance #operationalrisk #optimisation

LAST CALL! Tickets are selling fast to Prof Allan Manning's highly acclaimed LIVE webinar series on the Industrial Special Risks Policy. https://lnkd.in/ghtD5xMV Register now: admin@lmicollege.edu.au Learn from the best: Professor Manning's 1600+ hours of research and case studies ensure you gain a comprehensive understanding. Don't miss out! 4 live sessions, each at least 1.5 hours long with Q&A time to Dive deep into the intricacies of this complex policy with expert guidance. Key topics covered: Product development & history Insuring clause & indemnity Additional benefits & basis of settlement Memorandum to Section 1 (incl. Extra Cost of Reinstatement) Business interruption extras Property & perils exclusions Conditions & common endorsements #ISR #IndustrialSpecialRisks #ISRpolicy #insurance #Education #LMIGroup #LMICollege #webinar #masterclass #traininganddevelopment #professionaldevelopment

As an insurance broker, staying ahead of industry regulations is key to delivering top-notch service and building trust with your clients. 🌟 Embrace continuous education, leverage cutting-edge technology, and maintain transparent communication to ensure you're always in the know and ethically sound. Regularly updating your compliance procedures and engaging with professional organizations can further enhance your expertise and credibility. 🚀 Let your passion for ethical practices shine through, and watch how it transforms your client relationships and career growth! #InsuranceBroker #ProfessionalDevelopment #ClientTrust #EthicalPractices #ContinuousLearning #IndustryLeaders #InsuranceIndustry #ClientSuccess

🌟 Exciting News! The Inigo D&O Defence Counsel Survey 2024 is on its way!🌟 Inigo's highly anticipated annual report, based on insights from over 50 US Defence Litigation Lawyers, is set to be released this May. But before we dive into the latest findings, take a look at our 2023 report to get a taste of what's to come. Our 2023 report provided valuable insights into the current US D&O litigation landscape, shedding light on the impact of US President Joe Biden's influence on the SEC and the Federal Bench. We also made some bold predictions for 2023, including a forecasted drop in dismissal rates, significant derivative settlements, and the looming threat of SEC investigations for companies and insurers. Curious to see how our predictions panned out? Stay tuned for the release of our 2024 report this May! 📅 Discover firsthand accounts from US Defence Lawyers about their on-ground experiences and what concerns they have for 2024. Plus, get a sneak peek into what major Plaintiff firms are targeting in the coming year. Stay connected and stay informed with Inigo – join us as we Surface the Science of Risk. 🧪🔬 🔗 https://lnkd.in/dKXrbR86 #Inigo #SurfacetheScienceofRisk #Insurance #Reinsurance #RiskManagement #DataAnalytics #Lloydsoflondon #InigoSurvey2024 #DOLitigation #USDefenceLawyers #Specialtyinsurance

Due to the recent success of the insight on the Business Interruption (BI) policies webinar, we are excited to share that our following insight webinar in July will tackle the 'Proximate Cause and the But for Test'! We are planning a series of insights for the next quarter and would love to hear your thoughts on what niche topics you would like us to tackle! #Insurance #EndToEndSolutions #Claims #ReInsurance #Training #SharingKnowledge #Competence #Technical #Legal #Survey #ClaimHandling #InsuranceClaim #Iondonmarket #Continuouslearning

Insurance Compliance: Case Study for success. Highlights from our recent webinar with Swiss Re Compliance Officer Susana Gomez talking about how our creative storytelling has improved her digital learning. https://lnkd.in/e9YGH32R Follow us here on LinkedIn for details of future live events.   #Compliance #Compliancelearning #Digitallearning

"Ensuring Your Eligibility: Expert Guidance and Compliance Standards at IRSplus" We always strive to offer unbiased and accurate guidance tailored to your individual situation. We're not able to help with claims unless we think you are eligible, boasting a 100% success rate. Our claim process is thorough and precise, ensuring the IRS receives a comprehensive understanding of your circumstances to support your claim effectively. IRSplus utilizes a detailed questionnaire that helps you describe the negative impacts your business endured during the pandemic while allowing us to support your claim with applicable government orders specific to your state and business. When discussing tax credits, compliance complexity lies in determining client eligibility, aligning qualifications with appropriate government orders, and providing clients with comprehensive information on calculations, qualifications, and supporting documentation. Upholding the highest compliance standards, IRSplus exceeds expectations by offering clients added security through professional liability errors & omissions insurance and audit defense protection.