This document provides a 10 point primer for boards and management firms on various insurance and risk management issues. It addresses topics like directors and officers liability insurance, contractors' insurance requirements, maintaining adequate coverage amounts for property insurance, and including indemnification clauses for board members to cover legal costs from lawsuits. The document recommends boards work with knowledgeable insurance professionals, stay informed through industry associations, and follow loss control recommendations to mitigate risks. It stresses the importance of proper insurance for all parties involved.
The Bribery Act 2010 reforms UK anti-corruption laws and introduces four new bribery offenses. It will affect all UK businesses regardless of sector when it comes into force in April 2011. Companies are urged to use the delayed implementation period to establish clear anti-bribery guidelines and procedures to prevent offenses. Failure to prevent bribery can result in an unlimited fine and ban from public contracts for organizations, and up to ten years' imprisonment for individuals.
This table was drafted for my entrepreneur clients to point out the differences and characteristics of various business entities such as sole proprietorships, partnerships, limited partnerships, corporations, and LLCs.
WHS Compliance - Using the Due Diligence DefenceTEYS Lawyers
This document discusses WHS compliance and the due diligence defense for strata bodies. It notes that under the new WHS approach, the concept of "work" rather than "workplace" is key, and PCBUs have a positive duty to exercise due diligence. It outlines the six steps to establish a due diligence defense against personal liability. It also discusses how strata bodies have a duty of care regarding asbestos exposure. Finally, it offers a compliance checklist service to help strata bodies systematically demonstrate due diligence.
1. The document describes a home warranty plan called FlexPlan that provides coverage for the repair or replacement of home systems and appliances.
2. A home warranty can help make repairs or replacements easier and less costly by covering unexpected costs and providing a network of approved contractors.
3. American Home Shield (AHS) is highlighted as the industry leader with over one million customers and a reputation for outstanding service.
ACTEC Journal - Practical Guidance For Trustee Risk Managementlwolven
This document discusses the increasing risks and responsibilities faced by trustees. It notes that fiduciary litigation is on the rise as beneficiaries more frequently seek legal recourse for perceived wrongs. Even attorneys well-versed in fiduciary law are sometimes hesitant to take on trustee roles given the liability risks. The document outlines the duties and standards required of trustees, including acting with ordinary prudence. It also discusses scenarios where trustees can face liability, such as for environmental contamination on trust property or failing to identify imprudent investments.
The document is a program for the Canadian Association of Insolvency and Restructuring Professionals' (CAIRP) annual conference in 2009. The conference will take place at Deerhurst Resort in Huntsville, Ontario from August 19-22. It will feature keynote speakers and panel discussions on topics related to insolvency and restructuring. Attendees will have opportunities to network and participate in social functions. The program outlines the schedule of educational sessions and events over the three day period.
The document summarizes upcoming changes to the Compliance, Safety, Accountability (CSA) program in the US. Major changes include: (1) Moving non-HazMat cargo violations from the Cargo BASIC to the Vehicle Maintenance BASIC, (2) Renaming the Cargo BASIC to the HazMat BASIC, and (3) Changing the definitions of violations and their severity weights. The changes aim to address biases in the previous system and better focus on safety priorities like hazardous materials compliance. The changes will take effect in December 2012 with the next SMS data update.
This document discusses the potential conflict of interest if the Golden Rain Foundation's (GRF) general manager, who is provided by Professional Community Management (PCM), were to oversee security services that are also provided by PCM. It raises questions about whether this arrangement provides PCM with an opportunity to profit at the expense of GRF. As an alternative, it suggests that GRF could obtain its own private patrol operator license and provide security services internally to avoid any conflict of interest. The document explores this hypothetical situation over 12 slides in a question and answer format.
The Bribery Act 2010 reforms UK anti-corruption laws and introduces four new bribery offenses. It will affect all UK businesses regardless of sector when it comes into force in April 2011. Companies are urged to use the delayed implementation period to establish clear anti-bribery guidelines and procedures to prevent offenses. Failure to prevent bribery can result in an unlimited fine and ban from public contracts for organizations, and up to ten years' imprisonment for individuals.
This table was drafted for my entrepreneur clients to point out the differences and characteristics of various business entities such as sole proprietorships, partnerships, limited partnerships, corporations, and LLCs.
WHS Compliance - Using the Due Diligence DefenceTEYS Lawyers
This document discusses WHS compliance and the due diligence defense for strata bodies. It notes that under the new WHS approach, the concept of "work" rather than "workplace" is key, and PCBUs have a positive duty to exercise due diligence. It outlines the six steps to establish a due diligence defense against personal liability. It also discusses how strata bodies have a duty of care regarding asbestos exposure. Finally, it offers a compliance checklist service to help strata bodies systematically demonstrate due diligence.
1. The document describes a home warranty plan called FlexPlan that provides coverage for the repair or replacement of home systems and appliances.
2. A home warranty can help make repairs or replacements easier and less costly by covering unexpected costs and providing a network of approved contractors.
3. American Home Shield (AHS) is highlighted as the industry leader with over one million customers and a reputation for outstanding service.
ACTEC Journal - Practical Guidance For Trustee Risk Managementlwolven
This document discusses the increasing risks and responsibilities faced by trustees. It notes that fiduciary litigation is on the rise as beneficiaries more frequently seek legal recourse for perceived wrongs. Even attorneys well-versed in fiduciary law are sometimes hesitant to take on trustee roles given the liability risks. The document outlines the duties and standards required of trustees, including acting with ordinary prudence. It also discusses scenarios where trustees can face liability, such as for environmental contamination on trust property or failing to identify imprudent investments.
The document is a program for the Canadian Association of Insolvency and Restructuring Professionals' (CAIRP) annual conference in 2009. The conference will take place at Deerhurst Resort in Huntsville, Ontario from August 19-22. It will feature keynote speakers and panel discussions on topics related to insolvency and restructuring. Attendees will have opportunities to network and participate in social functions. The program outlines the schedule of educational sessions and events over the three day period.
The document summarizes upcoming changes to the Compliance, Safety, Accountability (CSA) program in the US. Major changes include: (1) Moving non-HazMat cargo violations from the Cargo BASIC to the Vehicle Maintenance BASIC, (2) Renaming the Cargo BASIC to the HazMat BASIC, and (3) Changing the definitions of violations and their severity weights. The changes aim to address biases in the previous system and better focus on safety priorities like hazardous materials compliance. The changes will take effect in December 2012 with the next SMS data update.
This document discusses the potential conflict of interest if the Golden Rain Foundation's (GRF) general manager, who is provided by Professional Community Management (PCM), were to oversee security services that are also provided by PCM. It raises questions about whether this arrangement provides PCM with an opportunity to profit at the expense of GRF. As an alternative, it suggests that GRF could obtain its own private patrol operator license and provide security services internally to avoid any conflict of interest. The document explores this hypothetical situation over 12 slides in a question and answer format.
Generic Open Source Governance for Governments By the Dutch Provincessmespire
Presentation at the INSPIRE Workshop "Concrete steps to implement INSPIRE: synergies between the public and the private sector" - Florence, 24th June 2013
Bocyl d-25062013-4 Convocatoria de subvenciones 2013, para la implantación ...CEDER Merindades
Bocyl d-25062013-4ORDEN EYE/499/2013, de 19 de junio, por la que se aprueba la convocatoria de concesión de subvenciones para el año 2013, dirigidas a proyectos en cooperación para la implantación de soluciones tecnológicas innovadoras basadas en las Tics, en Pymes de la Comunidad de Castilla y León. (Código REAY IND046).
El documento habla sobre conceptos relacionados con la estructura lógica y física del directorio activo. Explica que la estructura lógica incluye el árbol de dominio, bosques, objetos, dominios y unidades organizativas. Define objetos, atributos, unidades organizativas, sitios y dominios. También describe árboles de dominio, controladores de dominio y bosques. Finalmente, explica las funciones de los dominios y controladores de dominio y por qué se implementan múltiples controladores.
This document briefly mentions two topics: Exodusters and Patent Medicine. Exodusters refers to African Americans who migrated from the Southern United States to Kansas in the late 19th century to escape racial oppression. Patent Medicine appears to be a reference to homemade medical remedies that were popular before strict regulations of drug safety and ingredients.
Nazia Jamil's mother Nasim was murdered in her home by a man she had taken in like a son. Nazia found her mother's body and has struggled deeply with the trauma ever since. She describes being haunted by vivid memories of finding her mother dead and is plagued by fear, insomnia, and a loss of her previous personality. Nazia hopes by sharing her story she can help others appreciate the time they have with their parents.
Afiliación de extranjeros a la Seguridad Social - Julio 2012IntegraLocal
En julio de 2012 la afiliación a la Seguridad Social de ciudadanos extranjeros creció en 4.412, lo que equivale a un 0,25% y supone el quinto mes de crecimiento consecutivo. habitualmente registra un incremento de la afiliación de trabajadores extranjeros debido a las campañas agrícolas y a la temporada turística.
Identifying the Value of Informational Assets Before You Move Them to the CloudEMC
Identifying and understanding high-value digital assets in the context of the business is critical in assessing what work-loads to move to the cloud. But doing so is difficult without an effective model to help define and classify these assets. This session presents a down-to-earth methodology for identifying assets and understanding their value that you can apply in critical business decisions.
Objective 1: Understand what to look for when identifying valuable information assets.
After this session you will be able to:
Objective 2: Identify critical steps in the process of identifying and understanding digital assets.
Objective 3: Apply asset value when deciding what digital assets to entrust to the cloud.
El documento resume las causas principales de la descolonización, incluyendo el impacto de la Segunda Guerra Mundial en debilitar a las potencias europeas, el surgimiento de movimientos anticolonialistas, cambios en la opinión pública occidental para oponerse al colonialismo, y el papel de la ONU en promover el derecho a la autodeterminación de los pueblos colonizados.
The document discusses identity and access management challenges for retailers. It outlines security concerns retailers face, including the need to protect customer data and payment card information from cyber criminals. It then describes specific identity challenges retailers deal with related to compliance, access governance, and managing identity lifecycles. The document proposes using RSA Identity Management and Governance solutions to help retailers with access reviews, governing access through policies, and keeping compliant with regulations. Use cases are provided showing how IMG can help with challenges like point of sale monitoring, unowned accounts, seasonal workers, and operational issues.
This document summarizes a presentation about scale-out converged solutions for analytics. The presentation covers the history of analytic infrastructure, why scale-out converged solutions are beneficial, an analytic workflow enabled by EMC Isilon storage and Hadoop, test results showing performance benefits, customer use cases, and next steps. It includes an agenda, diagrams demonstrating analytic workflows, performance comparisons, and descriptions of enterprise features provided by using EMC Isilon with Hadoop.
This document discusses various types of commercial insurance coverages for buildings. It describes coverage for property damage to the building and contents, loss of business income, general liability, boiler and machinery breakdown, crime and fidelity bonds, commercial umbrellas, directors and officers liability, environmental policies, workers compensation, and disability insurance. Key details covered include perils insured against, limits, sublimits, additional coverages, common claims and lawsuits, and factors to consider for each type of coverage.
Property/Business Interruption and Cyber Liability (Series: Insurance for the...Financial Poise
This panel discusses key elements of a property policy such as what coverages could be essential to your business, i.e., Business Income, Contingent Property, and Professional Services (and you don’t need to be in the Professional Services business to get value from this coverage), an explanation of co-insurance v. agreed value, and different valuations like replacement cost v. cash value as well as proper valuation of assets
We’ll also discuss Cyber Liability coverage, why it’s so important to so many more businesses than one might think and what could be important considerations for a policy since each policy varies from carrier to carrier. We’ll look at topics like protecting inventory with a “street value,” “Are you the insured?”, carrying a “foreign exchange” risk with your cyber policy, “Who’s going to obtain crypto currency to pay a ransom?”, “Do you have a potential bodily injury risk?”, and “Do you need business income coverage?”
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/property-business-interruption-and-cyber-liability-2021/
Tips and information on why it is important to understand what we can offer clients regarding homeowner insurance and what you should be aware of before you purchase or switch insurance plans.
This document provides an overview of asset protection strategies. It discusses identifying risks, implementing plans before problems arise, and avoiding fraudulent transfers. It then summarizes three basic techniques: insurance to shift risks, statutory protections of exempt assets like a home, and asset placement by transferring ownership. Placement options include corporations, partnerships, trusts, and shifting assets between spouses to protect from each other's creditors.
General Liability, Umbrella/Excess Coverage, Commercial Auto-Workers’ Compens...Financial Poise
As a business owner, there are a plethora of choices when it comes to insurance. This webinar touches upon all you need to know about General Liability, Umbrella/Excess Coverage, Commercial Auto Insurance, and Workers’ Compensation insurance.
General liability coverage protects the business from third party suits for Property and Bodily Injury claims. The panelists also look at potential product liability or intellectual property exposure that is not covered. Most business owners understand that commercial umbrella is a must, but how do you determine how much is the right amount? The panelists will also examine why Hired/Non-Owned is important when it comes to Commercial Auto coverage.The panelists will also touch upon best practices for managing employees who drive for your business with their own cars.
The panelists will also cover Workers’ Compensation insurance. Topics discussed include managing the costs of the insurance itself as well as the proper management of workers compensation claims. Other topics discussed include codes and classification errors, how to get money back from the insurer, as well as best practices for Independent Contractors.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/general-liability-umbrella-excess-coverage-commercial-auto-workers-compensation-2021/
The document provides information about maritime injury compensation under the Longshore and Harbor Workers Compensation Act (LHWCA). It discusses how the LHWCA works with state laws to provide coverage for maritime employees. It also provides an overview of the LHWCA, including who it covers, such as longshoremen and harbor workers, and exclusions. The summary concludes by stating the LHWCA provides medical care and compensation for disabilities from injuries occurring on navigable waters or related areas.
General Liability, Umbrella/Excess Coverage, Commercial Auto/Workers’ Compens...Financial Poise
As a business owner, there are a plethora of choices when it comes to insurance. This webinar touches upon all you need to know about General Liability, Umbrella/Excess Coverage, Commercial Auto Insurance, and Workers’ Compensation insurance.
General liability coverage protects the business from third party suits for Property and Bodily Injury claims. The panelists also look at potential product liability or intellectual property exposure that is not covered. Most business owners understand that a commercial umbrella is a must, but how do you determine how much is the right amount? The panelists will also examine why Hired/Non-Owned is important when it comes to Commercial Auto coverage. The panelists will also touch upon best practices for managing employees who drive for your business with their own cars.
The panelists will also cover Workers’ Compensation insurance. Topics discussed include managing the costs of the insurance itself as well as the proper management of workers compensation claims. Other topics discussed include codes and classification errors, how to get money back from the insurer, as well as best practices for Independent Contractors.
Part of the webinar series: INSURANCE FOR THE BUSINESS OWNER - 101 2022
See more at https://www.financialpoise.com/webinars/
Business interruption insurance may provide coverage for losses resulting from the coronavirus pandemic. Key areas of coverage include lost business income from government shutdown orders, supply chain interruptions, employee illness claims, and third party negligence claims. However, insurers are denying many claims, arguing that policies require direct physical loss or damage. While some court decisions have found that non-structural property damage can trigger coverage, insurers require proof that coronavirus was present and caused suspension of operations. Policy language and applicable exclusions will determine the outcome. Policyholders should carefully review their policies and provide prompt notice of any claims.
This document provides information about settling insurance claims after a disaster. It discusses important first steps like contacting your insurance agent or company immediately. It explains how to prepare for an adjuster's visit by gathering documentation of your losses. It also outlines what is covered by typical homeowners insurance policies, such as temporary living expenses, and what is not covered, like flood damage. The document concludes by describing the claims payment process and factors that may affect the settlement amount.
Surety Industry Overview: State of the Industry by Cissie ScogginDon Grauel
Cissie Scoggin of Liberty Mutual Insurance presented "Surety Industry Overview: State of the Industry" to the 68th Annual F. Addison Fowler Fall Seminar on October 17, 2014.
Generic Open Source Governance for Governments By the Dutch Provincessmespire
Presentation at the INSPIRE Workshop "Concrete steps to implement INSPIRE: synergies between the public and the private sector" - Florence, 24th June 2013
Bocyl d-25062013-4 Convocatoria de subvenciones 2013, para la implantación ...CEDER Merindades
Bocyl d-25062013-4ORDEN EYE/499/2013, de 19 de junio, por la que se aprueba la convocatoria de concesión de subvenciones para el año 2013, dirigidas a proyectos en cooperación para la implantación de soluciones tecnológicas innovadoras basadas en las Tics, en Pymes de la Comunidad de Castilla y León. (Código REAY IND046).
El documento habla sobre conceptos relacionados con la estructura lógica y física del directorio activo. Explica que la estructura lógica incluye el árbol de dominio, bosques, objetos, dominios y unidades organizativas. Define objetos, atributos, unidades organizativas, sitios y dominios. También describe árboles de dominio, controladores de dominio y bosques. Finalmente, explica las funciones de los dominios y controladores de dominio y por qué se implementan múltiples controladores.
This document briefly mentions two topics: Exodusters and Patent Medicine. Exodusters refers to African Americans who migrated from the Southern United States to Kansas in the late 19th century to escape racial oppression. Patent Medicine appears to be a reference to homemade medical remedies that were popular before strict regulations of drug safety and ingredients.
Nazia Jamil's mother Nasim was murdered in her home by a man she had taken in like a son. Nazia found her mother's body and has struggled deeply with the trauma ever since. She describes being haunted by vivid memories of finding her mother dead and is plagued by fear, insomnia, and a loss of her previous personality. Nazia hopes by sharing her story she can help others appreciate the time they have with their parents.
Afiliación de extranjeros a la Seguridad Social - Julio 2012IntegraLocal
En julio de 2012 la afiliación a la Seguridad Social de ciudadanos extranjeros creció en 4.412, lo que equivale a un 0,25% y supone el quinto mes de crecimiento consecutivo. habitualmente registra un incremento de la afiliación de trabajadores extranjeros debido a las campañas agrícolas y a la temporada turística.
Identifying the Value of Informational Assets Before You Move Them to the CloudEMC
Identifying and understanding high-value digital assets in the context of the business is critical in assessing what work-loads to move to the cloud. But doing so is difficult without an effective model to help define and classify these assets. This session presents a down-to-earth methodology for identifying assets and understanding their value that you can apply in critical business decisions.
Objective 1: Understand what to look for when identifying valuable information assets.
After this session you will be able to:
Objective 2: Identify critical steps in the process of identifying and understanding digital assets.
Objective 3: Apply asset value when deciding what digital assets to entrust to the cloud.
El documento resume las causas principales de la descolonización, incluyendo el impacto de la Segunda Guerra Mundial en debilitar a las potencias europeas, el surgimiento de movimientos anticolonialistas, cambios en la opinión pública occidental para oponerse al colonialismo, y el papel de la ONU en promover el derecho a la autodeterminación de los pueblos colonizados.
The document discusses identity and access management challenges for retailers. It outlines security concerns retailers face, including the need to protect customer data and payment card information from cyber criminals. It then describes specific identity challenges retailers deal with related to compliance, access governance, and managing identity lifecycles. The document proposes using RSA Identity Management and Governance solutions to help retailers with access reviews, governing access through policies, and keeping compliant with regulations. Use cases are provided showing how IMG can help with challenges like point of sale monitoring, unowned accounts, seasonal workers, and operational issues.
This document summarizes a presentation about scale-out converged solutions for analytics. The presentation covers the history of analytic infrastructure, why scale-out converged solutions are beneficial, an analytic workflow enabled by EMC Isilon storage and Hadoop, test results showing performance benefits, customer use cases, and next steps. It includes an agenda, diagrams demonstrating analytic workflows, performance comparisons, and descriptions of enterprise features provided by using EMC Isilon with Hadoop.
This document discusses various types of commercial insurance coverages for buildings. It describes coverage for property damage to the building and contents, loss of business income, general liability, boiler and machinery breakdown, crime and fidelity bonds, commercial umbrellas, directors and officers liability, environmental policies, workers compensation, and disability insurance. Key details covered include perils insured against, limits, sublimits, additional coverages, common claims and lawsuits, and factors to consider for each type of coverage.
Property/Business Interruption and Cyber Liability (Series: Insurance for the...Financial Poise
This panel discusses key elements of a property policy such as what coverages could be essential to your business, i.e., Business Income, Contingent Property, and Professional Services (and you don’t need to be in the Professional Services business to get value from this coverage), an explanation of co-insurance v. agreed value, and different valuations like replacement cost v. cash value as well as proper valuation of assets
We’ll also discuss Cyber Liability coverage, why it’s so important to so many more businesses than one might think and what could be important considerations for a policy since each policy varies from carrier to carrier. We’ll look at topics like protecting inventory with a “street value,” “Are you the insured?”, carrying a “foreign exchange” risk with your cyber policy, “Who’s going to obtain crypto currency to pay a ransom?”, “Do you have a potential bodily injury risk?”, and “Do you need business income coverage?”
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/property-business-interruption-and-cyber-liability-2021/
Tips and information on why it is important to understand what we can offer clients regarding homeowner insurance and what you should be aware of before you purchase or switch insurance plans.
This document provides an overview of asset protection strategies. It discusses identifying risks, implementing plans before problems arise, and avoiding fraudulent transfers. It then summarizes three basic techniques: insurance to shift risks, statutory protections of exempt assets like a home, and asset placement by transferring ownership. Placement options include corporations, partnerships, trusts, and shifting assets between spouses to protect from each other's creditors.
General Liability, Umbrella/Excess Coverage, Commercial Auto-Workers’ Compens...Financial Poise
As a business owner, there are a plethora of choices when it comes to insurance. This webinar touches upon all you need to know about General Liability, Umbrella/Excess Coverage, Commercial Auto Insurance, and Workers’ Compensation insurance.
General liability coverage protects the business from third party suits for Property and Bodily Injury claims. The panelists also look at potential product liability or intellectual property exposure that is not covered. Most business owners understand that commercial umbrella is a must, but how do you determine how much is the right amount? The panelists will also examine why Hired/Non-Owned is important when it comes to Commercial Auto coverage.The panelists will also touch upon best practices for managing employees who drive for your business with their own cars.
The panelists will also cover Workers’ Compensation insurance. Topics discussed include managing the costs of the insurance itself as well as the proper management of workers compensation claims. Other topics discussed include codes and classification errors, how to get money back from the insurer, as well as best practices for Independent Contractors.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/general-liability-umbrella-excess-coverage-commercial-auto-workers-compensation-2021/
The document provides information about maritime injury compensation under the Longshore and Harbor Workers Compensation Act (LHWCA). It discusses how the LHWCA works with state laws to provide coverage for maritime employees. It also provides an overview of the LHWCA, including who it covers, such as longshoremen and harbor workers, and exclusions. The summary concludes by stating the LHWCA provides medical care and compensation for disabilities from injuries occurring on navigable waters or related areas.
General Liability, Umbrella/Excess Coverage, Commercial Auto/Workers’ Compens...Financial Poise
As a business owner, there are a plethora of choices when it comes to insurance. This webinar touches upon all you need to know about General Liability, Umbrella/Excess Coverage, Commercial Auto Insurance, and Workers’ Compensation insurance.
General liability coverage protects the business from third party suits for Property and Bodily Injury claims. The panelists also look at potential product liability or intellectual property exposure that is not covered. Most business owners understand that a commercial umbrella is a must, but how do you determine how much is the right amount? The panelists will also examine why Hired/Non-Owned is important when it comes to Commercial Auto coverage. The panelists will also touch upon best practices for managing employees who drive for your business with their own cars.
The panelists will also cover Workers’ Compensation insurance. Topics discussed include managing the costs of the insurance itself as well as the proper management of workers compensation claims. Other topics discussed include codes and classification errors, how to get money back from the insurer, as well as best practices for Independent Contractors.
Part of the webinar series: INSURANCE FOR THE BUSINESS OWNER - 101 2022
See more at https://www.financialpoise.com/webinars/
Business interruption insurance may provide coverage for losses resulting from the coronavirus pandemic. Key areas of coverage include lost business income from government shutdown orders, supply chain interruptions, employee illness claims, and third party negligence claims. However, insurers are denying many claims, arguing that policies require direct physical loss or damage. While some court decisions have found that non-structural property damage can trigger coverage, insurers require proof that coronavirus was present and caused suspension of operations. Policy language and applicable exclusions will determine the outcome. Policyholders should carefully review their policies and provide prompt notice of any claims.
This document provides information about settling insurance claims after a disaster. It discusses important first steps like contacting your insurance agent or company immediately. It explains how to prepare for an adjuster's visit by gathering documentation of your losses. It also outlines what is covered by typical homeowners insurance policies, such as temporary living expenses, and what is not covered, like flood damage. The document concludes by describing the claims payment process and factors that may affect the settlement amount.
Surety Industry Overview: State of the Industry by Cissie ScogginDon Grauel
Cissie Scoggin of Liberty Mutual Insurance presented "Surety Industry Overview: State of the Industry" to the 68th Annual F. Addison Fowler Fall Seminar on October 17, 2014.
This document provides an overview of key concepts related to bankruptcy, including types of bankruptcies, common shocks experienced during bankruptcy, out-of-court settlement options, steps to file UCC documents, issues related to distressed debtors, actions creditors can take after a bankruptcy filing is made, and definitions of key terms like reclamation and bankruptcy priorities. The document covers corporate and individual bankruptcy filings and considerations, as well as non-bankruptcy liquidation and restructuring alternatives.
The Commercial Landlord's Perspective (Series: Real Estate Leasing Dumbed Down)Financial Poise
The process of representing a commercial landlord in a lease transaction is multi-faceted. While generation of cash flow is ultimate goal, there are other very important goals. These include minimizing risk, preserving the asset, enhancing the property and about a multitude of other issues.
This webinar focuses on the major concerns of real estate professionals in advising a landlord. When should the landlord insist on the language in the lease, and when should the landlord consider a concession or compromise? What is the role of the local real estate market in this analysis and why is it so important? After participating in this webinar, one will have a solid grasp of what commercial landlords need and why.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/commercial-landlords-perspective-2019/
This document outlines the requirements for coursework in a Certificate in Networking program. It specifies word count requirements depending on the level of certification being pursued and recommends that candidates produce more words if desired. It then provides a case study describing an insurance brokerage business and some of the networking challenges it faces, to be used for answering questions related to securing confidential information, user profiles and rights, server administration, TCP/IP concepts, and network security issues.
Edwards Wildman John Hughes Merger Objection Suits PresentationEdwards Wildman
This document summarizes the key aspects of merger objection lawsuits. It begins with a hypothetical scenario of a public company being acquired. It then discusses what merger objection lawsuits are, including their typical characteristics, outcomes, and standards applied by courts. It provides examples of case studies and discusses insurance implications. Merger objection lawsuits almost always follow the announcement of an acquisition and most result in supplemental disclosures and attorney fee payments for plaintiffs.
Defending Against Bankruptcy Avoidance Actions (Series: COMPLEX FINANCIAL LIT...Financial Poise
In the event of a bankruptcy, the debtor or trustee may opt to take legal action in order to recover money or property that was transferred by the debtor prior to going bankrupt. These actions, whereby such transfers are effectively reversed, are referred to as “avoidance actions.” In this webinar, the expert panel discusses the applicable provisions of the Bankruptcy Code, common avoidance actions, and key considerations when planning for and defending against these actions.
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/defending-against-bankruptcy-avoidance-actions-2/
A small chocolatier was forced to redesign its logo after luxury brand Chanel claimed trademark infringement of its perfume 'Chanel No. 5'. Chanel disputed the use of 'No. 5' in the chocolatier's logo and demanded changes. The chocolatier spent thousands changing its branding to avoid a legal battle. Large companies often protect their trademarks aggressively and small businesses have been forced to change logos and names that potentially infringe on trademarks. Proper trademark registration and checks can prevent costly issues down the line.
The document discusses merger objection lawsuits that typically occur when a company is acquired. It provides examples of typical characteristics of these lawsuits, including that they usually follow the announcement of a merger within two weeks and are often settled within two months. The document also summarizes the fiduciary duties of company directors in evaluating merger offers, including the duties of care, good faith and loyalty. It notes that Delaware law establishes three levels of scrutiny for the court to evaluate director decisions: the business judgment rule, enhanced scrutiny, and entire fairness.
This document provides information about properly disposing of used computer hard drives to prevent identity theft. It discusses how deleting files does not fully remove the data, and that specialized software is needed to fully overwrite data. It describes some free and paid software programs that can completely erase hard drive data according to military standards. It also notes that physically destroying the hard drive by drilling or crushing it can prevent data recovery, but urges donating used computers instead of destruction.
1. Primer
10
point
For Boards & Management Firms
214 West Park Avenue | Long Beach, NY 11561 | Tel: (516) 431-9100 | Fax: (516) 431-4641
2. Primer
10
point
For Boards & Management Firms
1. Do Business With Knowledgeable Professionals Who Specialize In Cooperatives & Condominiums
• Insurance Brokers/Attorneys/Accountants
• Have each attend a board meeting each year to provide advice and guidance
2. Industry Associations, Educational Conferences & Media
• The Council of New York Cooperatives & Condominiums- http://www.cnyc.com/
• The Federation of NY Housing Cooperatives - http://www.fnyhc.coop/
• Habitat Magazine & Educational Conference - http://www.habitatmag.com/
• The Cooperator Newspaper & Expo - http://cooperator.com/
• All of the above are resources for advice, guidance and references.
3. Directors & Officers Liability
✳ 70% of all D&O lawsuits are lodged in New York, New Jersey, Florida, Texas and California
✳ 65% of all Coops & Condos in New York City know of a situation that could lead to a suit against the Board
A suit naming Board Members personally places them in
•
financial jeopardy, as their personal assets are at stake.
All lawsuits must be defended regardless of merit and legal expenses are very costly.
•
Legal expenses for discrimination lawsuits range from $100,000 to $500,000.
Many D&O suits are not for monetary damages! Court requests are made for
•
“Injunctive Relief and Declaratory Judgement,” yet still must be defended.
Most common D&O lawsuits involve allegations of:
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- Wrongful Termination
- Discrimination (Race, Religion, and Employment)
- Defamation of Character
- Breach of Contract
- Renovations
- Subleasing
- Noise
- Pets
Quality of coverage is paramount.
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Management firm needs to be insured under the contract.
•
Mackoul & Associates, Inc.
214 West Park Avenue | Long Beach, NY 11561 | Tel: (516) 431-9100 | Fax: (516) 431-4641
3. Primer
10
point
For Boards & Management Firms
4. Homeowners Insurance And What Risks Shareholders/Unitowners Face If They Are Not Insured Properly
• Homeowners Insurance will provide coverage to restore and rebuild the unit
as well as providing protection for the cost to replace their personal property.
• Homeowners Insurance will provide coverage in the event of a covered claim
for the extra expenses incurred by the owner and his/her family during the
time of restoration to live elsewhere.
• Homeowners Insurance will provide protection against being sued by the
coop/condominium, other shareholders, or their insurance companies.
• Homeowners Insurance will provide coverage for the cost of being assessed
by the coop/condominium due to a covered claim that exceeds the buildings
coverage.
5. Pay Attention To Insurance Company Loss Control
Recommendations On Life Safety & Security Issues
• Emergency Lighting
• Hardwired or battery operated smoke detectors in common areas
• Locked entrances & exits
• Sidewalks & walkways in excellent condition
• Elevators level correctly
• Panic bars to roof
6. Update The Building Electric, Plumbing &
Central Air Conditioning
• Update from fuses to circuit breakers- the number one cause of fires.
• Change to “S” fuses in units in the interim.
• Plumbing updates - Must be systematic on all pre-war buildings.
• Burst pipes will become an increasing problem.
• Clean AC drain lines & pans to keep your building from becoming a sponge.
7. Transfer Risk To Commercial Occupancies
• Require all commercial occupancies to maintain General Liability Insurance.
• Obtain Certificates of Insurance naming the cooperative or condominium
as an Additional Insured under their insurance each year.
Mackoul & Associates, Inc.
214 West Park Avenue | Long Beach, NY 11561 | Tel: (516) 431-9100 | Fax: (516) 431-4641
4. Primer
10
point
For Boards & Management Firms
8. Contractors
• No Insurance Equals No Entry!!! The coop or condominium
must obtain a Certificate of Insurance naming the building and property
manager as an Additional Insured.
New York Labor Law places almost total liability on the building owners.
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Shareholder/Unit-owners must obtain certificates naming both
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the owner and the coop/condo as an Additional Insured under the
contractorʼs insurance.
Certificate must refl
ect General Liability, including Products & Completed
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Operations Coverage, as well as Workers Compensation.
A Hold Harmless Agreement in the cooperative/condominiumʼs
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favor should be signed by the contractor.
9. Donʼt Shop Too Much or Too Little
• Every 3 years is a good rule of thumb unless a large (10+%) increase
is pending or coverage is being non-renewed.
Raising the deductibles can be a source of premium savings.
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Make sure a full comparison of both coverages and premium are provided.
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Adequate coverage for Replacement Cost on the building and contents
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with Loss Of Income for one year.
Be aware of important supplemental coverages such as Broad Form
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Water/Sewer Backup, Earthquake, Flood and Building Ordinance.
Proposal should include Boiler & Machinery, Commercial Umbrella, Crime and Environmental Coverage.
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Management firm named as an Additional Insured on the General Liability and Directors & Officers Liability policies.
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10. Indemnification Clause For All Board Of Directors
• Provide for reimbursement by the cooperative or condominium to
Board Members for uninsured D&O legal expenses incurred.
• Your management firm has an Indemnification Clause with coops & condoʼs,
so why not protect each member of the board in the same fashion?
• Most Indemnification Clauses (drafted many years ago) should be eviewed
r
again in light of todayʼs climate in the coop & condo atmosphere.
Mackoul & Associates, Inc.
214 West Park Avenue | Long Beach, NY 11561 | Tel: (516) 431-9100 | Fax: (516) 431-4641