Components of a Great Wholesale Insurance Submission A question I’m often asked as a wholesale insurance broker is ‘what are you looking for in a submission?’ Well, for different lines of coverage, this can mean different things. But overall, there are three things that fit just about every submission. In a world where instant gratification...Read More
Businesses of all sizes are experiencing cyber incidents at an alarming rate. Cyber-related losses like fraudulent wire transfers, phishing and ransomware attacks have become the focus of cyber criminals. Therefore, the need for cyber insurance (for businesses of all sizes) has never been greater. Cyber insurers look carefully at each potential client to make sure...Read More
THE SINGLE BEST PROTECTION AGAINST RANSOMWARE MFA can Save your Business from Malicious Ransomware and other Cyber Attacks Small businesses are exposed According to the department of Homeland Security approximately 50 – 75% of all ransomware breaches were against small businesses. With the rise in successful ransomware breaches, the associated costs of a ransomware...Read More
The Primary- Excess Model vs. The Quota Share Model April 2022 A relatively recent development in the domestic liability market is the proliferation of the Quota-Share format of insurance coverage. Quota-Share is a method by which two or more insurance carriers share the exposure presented by a particular risk, in that they share the loss-limit...Read More
Raffi Kodikian March 2022 Congratulations to Raffi Kodikian, Senior Vice President & Lawyers Professional Liability Practice Leader, at Founders Professional for being recognized by Insurance Business America Magazine as a 2022 Top Specialist Broker. Raffi has been recognized for this esteemed honor two out of the past three years. Raffi’s specialization is in the...Read More
Cyber Insurance Threats and Underwriting Requirements Cyber insurance premiums are continuing to rise drastically in 2022. Insureds have seen premium increases from 50% to 400%. Premiums have increased due to a spike in claim frequency and severity. In the last 18 months, there have been many cyber breaches, but there are three that stand...Read More
How’s Your Doctor’s Webside Manner? By Kayla Mayhew | Life Sciences Practice Leader | Founders Professional Over a dozen physicians, from primary care doctors to specialists, couldn’t explain 17 years of daily symptoms – which worsened with each passing year. Test after test gave no answer. Medications provided either no relief or made symptoms worse....Read More
Lawyers Should Avoid These Common Legal Malpractice Pitfalls Lawyers come into their line of work facing a slew of expectations when it comes to their professional care and knowledge. The wrong move could easily result in a client taking action against you for legal malpractice. Raffi Kodikian is Senior Vice President and Lawyers Professional Liability Practice...Read More
National Wholesale Insurance Brokerage Strengthens Bench with the Addition of Three New Brokers Explosive Growth Fuels Need for a Deeper Bench October 2021 National wholesale insurance brokerage, Founders Professional, is very excited to introduce our newest additions to Team FoundersPro – Jacob Frost, Kyle Hermansky and Gracen Boatright. All of whom will be joining Founders...Read More
September 2021 The worlds of Healthcare and Life Sciences are complex. Both are experiencing unprecedented change and innovation due to personalized medicine, emerging technologies, and the surge in telehealth. Medicine is constantly evolving, but there’s presently a public microscope focused on practitioners, scientists, and government agencies due to the ongoing pandemic. No one could...Read More
