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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...
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New Market – CapSpecialty January 4, 2021 CapSpecialty’s Architects and Engineers professional liability product is designed for professional design and engineering firms, with a particular focus on those that have experienced a severe claim event or a frequency of claims in their recent history. CapSpecialty’s underwriting team understands each insured has a story and remains...
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This year may look different for all of us, but we’re doing our best. By Jaimee Williams-Caldwell December 01, 2020 These past eight months have been anything but normal for many of us, especially parents, and more especially, mothers. As I sit here writing this, I’ve got a baby in one arm and a toddler...
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Insurance Business Magazine has just released it’s annual roundup of the Top Specialist Brokers in the United States, and our West Coast Lawyers’ Professional Liability Practice Leader, Raffi Kodikian was chosen for his knowledge of and deep expertise in lawyers’ professional liability insurance. Congrats Raffi! We’re lucky to have you on team Founders. Raffi Kodikian...
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The All-Inclusive Work Environment is our Reason for Success!   When we started Founders Pro, we wanted to do as much as possible to make our company the best place to work for every employee, not just certain employees.  We decided we were not going to be just another company that said our people were...
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Why Buy Cyber Liability? 10 REASONS ARCHITECTS, ENGINEERS & CONTRACTORS NEED TO BUY CYBER LIABILITY INSURANCE NOW   1 | PRIVACY LAWS Forty-seven states, the District of Columbia and the federal government have privacy laws requiring prompt notification if personally identifiable information (“PII”) that is not encrypted is lost, stolen or disclosed. Cyber coverage will...
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representations and warranies insurance from founders professional
Representations and warranties insurance, also known as ‘Reps and Warranties’, is the insurance that protects against breaches of contractual representations and warranties that a seller makes in transaction documents during a commercial merger or acquisition. These insurance policies are increasingly purchased for mergers and acquisitions (M&A) transactions to help the buyer and the seller ensure...
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The StarStone Admitted Lawyers Professional Liability Insurance Program is Now Available in California via Founders Professional A competitive new option in lawyers professional liability insurance for law firms with 1-20 attorneys, including part-time attorneys, in the State of California. ** This program is not targeting law firms in the Counties of Los Angeles, Ventura, Orange...
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When thinking about the risks that law firms may encounter on a day to day basis, your mind may go straight to malpractice.  But the truth is, the risks that attorneys face go far beyond negligence.  Good risk management in law firms is one of the most important factors insurance companies look for when determining...
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Beginning around 2005, title agencies were getting flooded with a ton of business thanks to a boom in the housing market.  Years later, there was a crash in the real estate market that caused many people around the nation to lose their homes.  These homeowners were getting hung out to dry and were looking for...
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