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ACA 6055 Reporting Requirements Explained

With tax season in full swing we have been getting questions about reporting to the IRS information relating to covered individuals that have been provided minimum essential coverage (MEC).  On March 10, 2014 the U.S. Department of the Treasury and IRS published final rules to implement the information reporting provisions for insurers and certain employers […]

A Good Technology Insurance Company Can Help Offset Tech Problems

While Executives

Corporations nowadays cannot do without the information technology that allows them to streamline and improve their work, which is why it is important to have as many securities as possible to ensure that nothing terrible overwhelms business. An article in the Business Insurance website dated October 28, 2014, however, discloses that while many executives are […]

Comprehensive Technology Insurance: A Must for All U.S. Businesses

General Liability

In recent news, a data breach affecting P.F. Chang’s was discovered last summer, affecting 33 branches nationwide. In an attempt to defray the cost of recovering and re-securing data, the popular restaurant chain has attempted to file a claim with Travelers Insurance using their general liability insurance policy. According to a report from InsuranceTech.com, this […]

A Capable Technology Insurance Company Provides Liability Coverage

CAN CARS BE HACKED

Tech firms, even the most modest of startups, need to be prepared for negligent claims made against them by dissatisfied customers. Indeed, companies will need professional liability insurance should they come under fire for something they have allegedly done wrong. The nature of professional liability is discussed in light of the increasing use of automated […]

Internal Protection with Network Insurance for Small Business Owners

Hack Attacks spur calls for cyber insurance

A lot of businesses, both big and small, need to have a secure network infrastructure in place to facilitate their everyday operations. Yet it only takes a single malware-infested computer to bring the entire system down and undo a company’s good name. According to The Hill staff writer Julian Hatten, additional measures are needed to […]

When Your Primary NJ Business Insurance Runs Dry, Open an Umbrella

BP Argues missing comma in insurance contract entitles company to US750 million

Even in business, punctuations still matter. During a recent hearing in Texas, British Petroleum (BP) argued that it’s entitled to $750 million in insurance money after the Deepwater Horizon oil spill of 2010. The breakdown of the cost, according to a Bloomberg report, includes a $50-million indemnity from BP’s primary insurer and a total of […]

The Importance of Technology E&O Insurance for Small Business Owners

Tech Companies

It is important for your starting company to keep the business going by protecting your assets. Having coverage through the basic types of insurance for small business owners can indeed help, but if you are planning to become a player in the technology industry, the basics cannot provide sufficient protection for your business. An article […]