The Importance of Intellectual Property Insurance In today’s business landscape, intellectual property (IP) is a cornerstone asset, comprising a significant portion of company value; over 84% for S&P 500 firms. As the importance of IP grows, so does the need for intellectual property insurance. It is becoming essential for managing risks associated with IP disputes....Read More
A common mistake made by those who aren’t well-versed in claims-made coverage, and even those who are, is conflating a policy’s Pending and Prior litigation date with the Prior Acts date. The importance of understanding the difference between these two features is significant and can lead to significant E&O claims if not addressed properly. First,...Read More
Ingrid Raphael-Seplowe Joins the Team Please meet the newest Founders Professional Healthcare team addition – Ingrid Raphael-Seplowe. Ingrid Joined Founders in June 2023. She brings over 30 years of insurance expertise to the team. Before joining Founders, Ingrid worked as a Healthcare Broker at Risk Placement Services for 11 years she focused on the placement...Read More
March 30,2023 It has been 15 years since federal regulators have closed a failed bank with assets exceeding $100 billion. The last bank was Washington Mutual, which had $300 billion in assets when it failed in 2008. Silicon Valley Bank (SVB) made history when it closed its doors early one morning in March this...Read More
Silicon Valley Bank Seized The Potential Fallout from the 2nd-Largest Bank Failure in U.S. History March 13, 2023 By now you’ve likely heard of the Silicon Valley Bank (SVB) crisis. The bank’s assets were quickly depleted late last week with customers withdrawing over 42 billion US dollars on Thursday. As of late last week,...Read More
EPLI – Every Business Should Carry This Coverage What is Employment Practices Liability (EPLI) Insurance? Employment Practices Liability Insurance (EPLI) will protect a business against claims that allege actions from first and third-parties of wrongful termination, discrimination, sexual harassment, wage and hour violations (FLSA), failure to promote, retaliation and much more. EPLI will often...Read More
Directors & Officers (D&O) Liability Insurance What is D&O Insurance? Directors and Officers insurance (D&O Insurance) protects a company against liability while managing their business. The policy will cover defense costs and settlements resulting from claims that allege a breach of fiduciary duty, errors and omissions, and misrepresentations. Who Needs D&O Insurance? Public,...Read More
Three of our Newest Insurance Markets for Your Risks Global Indemnity gbli.com Primary & Excess Rated “A” (Excellent) by AM Best Group Management Liability /Not-For-Profit PACKAGE PRODUCT (D&O, EPL, Fiduciary, Crime) A modular package policy for Privately Held, For Profit Companies and Non-Profit Organizations. Target small to middle market risks with up...Read More
Insuring the Directors & Officers (D&O) of a SPAC for their IPO A Special Purpose Acquisition Company or SPAC is an entity that has no operations. It’s a vehicle to raise capital through an IPO, that will eventually be used to acquire an existing private company, and that private company will become a publicly traded...Read More
Class Action COVID Prior to COVID-19, the D&O insurance market was already undergoing a period of remedial correction in terms of both pricing and carrier appetite, following years of soft market trading conditions and heavy losses. However, the initial impact of the pandemic alongside some of the longer-term effects is already being realized, such as...Read More
