CHU Underwriting Agencies Pty Ltd’s Post

In the ever-evolving landscape of family-owned businesses, the importance of comprehensive liability protection has never been more critical. This article delves into the growing liabilities faced by directors and trustees of family enterprises and the essential risk management strategies to protect them. I invite you to share this invaluable information with your clients who participate in or are advising family businesses. 

Board Members Alert! Understanding your personal liability and risk exposure is crucial. Our latest guide breaks down everything you need to know to navigate these challenges confidently. 👀 Learn how to protect yourself: https://lnkd.in/einDm5NT #BoardMembers #RiskManagement #TWGInsurance

Attention Attorneys! Excited to share this insightful article on the 5 crucial components of malpractice insurance that every legal professional should have on their radar. Understanding how your policy will respond in a claims scenario is crucial to protecting your firm. At USI we insure over 23,000 law firms nationwide, emphasizing the delivery of high-quality insurance and advanced risk management tools to protect your firm. Don't hesitate to reach out to me to explore how we can tailor these solutions for your specific needs.

EXCITING NEWS: Today HPSO unveiled its 3rd Edition of the Counselor Professional Liability Exposure Claim Report, in collaboration with CNA Insurance. From statistical data to risk management recommendations, this comprehensive report informs and supports counselors nationwide. Download it today and share it with your network. READ HERE: https://bit.ly/3z5fVrw #counselor #counselors #counselorlife #malpracticeinsurance

Does your lifestyle put your hard earned assets at risk? Successful individuals are often targets of litigation resulting in multi-million dollar payouts. Our recent #USIExecutiveSeries article details some of these nontraditional risks, as well as inexpensive remedies to protect your assets. Learn more: #usi #usioneadvantage #privateclient #familyoffice #personalriskmanagement

A premises security liability assessment is crucial for several reasons: 1. Risk Identification: It helps in identifying the most serious risks, where and how they could emerge. This includes evaluating the layout of your property, existing security measures, and potential threats. 2. Preventive Measures: The assessment aids in determining the right security measures to defend against a threat. This can help prevent foreseeable and avoidable criminal attacks. 3. Legal Protection: It can protect owners and occupiers of land from premises liability lawsuits. These lawsuits can arise if they fail to prevent foreseeable and avoidable criminal attacks. Multi-million-dollar settlements and jury verdicts against owners and landlords for negligence are now commonplace. 4. Insurance Coverage: Property owners also need sufficient insurance coverage, which can transfer a proportion of risk to their provider. 5, Broader Strategy: The assessment feeds into a broader property management strategy. 6. Brand Reputation: Proper management of premises risk can benefit a company’s internal culture, overall brand reputation, and shareholder value. In essence, a premises security liability assessment is a proactive approach to managing risk, ensuring safety, and avoiding potential legal and financial consequences. It’s about demonstrating reasonable preparation in advance of violent crime or facing significant financial consequences. #risk #riskmanagement #business #brandreputation

BIG ANNOUNCEMENT: We are excited to share the 3rd Edition of our Counselor Professional Liability Exposure Claim Report, in collaboration with CNA Insurance! From statistical data to risk management recommendations, this comprehensive report informs and supports counselors nationwide. READ HERE: https://bit.ly/3z5fVrw #counselor #counselors #counselorlife #malpracticeinsurance

EXCITING NEWS: HPSO released its 3rd Edition Counselor Liability Claim Report today, in collaboration with CNA. Download it: https://bit.ly/3z5fVrw #counselor #counselors #counselorlife #malpracticeinsurance 

Understanding Series: Understanding Liability Join the Southwestern Chapter IIO and Nicole Rogers while we explore the topics of determining negligence, assessing right of action, navigating common statutes and codes that impact liability claims. When? May 16, 2024 for a full day virtual seminar https://lnkd.in/gHaEQssM? Sharpen your liability claims investigation skills in this intensive one-day seminar. Explore the topics of determining negligence, assessing right of action, navigating common statutes and codes that impact liability claims and in turn the role of the adjuster, and much more. Not only will you learn the best practices for investigating claims, creating file plans, and evaluating coverage, but you will receive hands-on practice using real-life scenarios. Each attendee will have a chance to experience a total of 5 cases: two directly and ‘hands-on’, three that are presented by other participant groups. Mimic the reality of how the investigation process unfolds and become an expert liability investigator. Transform your understanding from theory into practice and elevate the skillset you use in your role. Secure your spot today!

The rise of legal system abuse and escalating litigation costs are significant challenges for public entities such as government agencies and educational institutions. Lauren Tredinnick , CPCU, president of public entity risk solutions at Munich Re Specialty, discusses how these organizations can adapt and manage their liability risks. https://hubs.la/Q02CZD9M0 #PublicEntities #LiabilityRisks #LegalSystemAbuse #MunichReSpecialty #InsuranceInsights