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Posted on: October 10, 2019 by Huntersure
Accountants and financial advisors have great attention to detail and an ability to analyze numbers and find solutions. While these great technical skills are enviable in their trade, it’s the softer skills, such as communications, that may need some sharpening. Business communication for accountants can always be revisited and fine-tuned as some CPAs struggle with […] Read More
Posted on: October 3, 2019 by Huntersure
Cybersecurity issues have dominated the headlines in recent years, highlighting everything from election interference, major data breaches, and even identify theft from phone app use. In fact, nearly 4,000 data breaches had hit American companies in the first half of the year, a 50-percent increase in the last four years. But while these breaches have […] Read More
Posted on: September 19, 2019 by Huntersure
Product recalls can leave a lasting blemish on any company by impacting their sales, reputation, and customer trust. A product recall makes the effort to retrieve and replace defective goods for consumers. When this happens, the cost is absorbed by the company or manufacturer, posing potentially multi-billion dollar losses, like with Volkswagen, which faced an […] Read More
Posted on: September 12, 2019 by Huntersure
Liability policies for clients are usually broken down into two categories: occurrence or claims-made. This system helps to streamline the process of handling claims, expediting everything from payouts to updating a current policy’s limits. An occurrence policy provides coverage for claims that result from an injury or another event that occurs during the term of […] Read More
Posted on: September 5, 2019 by Huntersure
There are a number of factors that play a role in professional liability risk insurance. From economic issues to nationwide litigation trends, the professional liability insurance market can change at the drop of a hat. In 2019, financial and professional liability insurance rates in the U.S. increased by seven percent and will probably continue to […] Read More
Posted on: August 22, 2019 by Huntersure
Accountants have a lot on their plate during tax season, but in reality, their work never really ends. And when it comes to dealing with a company’s taxes or someone’s personal financial information, there is plenty of room for mistakes to be made. An accountant’s liability describes the legal liability assumed while an accountant performs […] Read More
Posted on: August 15, 2019 by Huntersure
Attorneys in both large and small law firms represent their clients in complex transactions, leaving the door open for plenty of liabilities and risks. While it’s their job to know these liabilities and work around them legally, there are still times when attorneys make even the smallest mistake, landing them in legal trouble of their […] Read More
Posted on: August 8, 2019 by Huntersure
A difficult concept for purchasers of professional liability insurance is what prior acts coverage refers to as well as claims-made policies. A negligence claim against a lawyer or any other type of professional, such as an accountant, typically evolves from services that were provided many years before the time of the claim. With this in […] Read More
Posted on: July 25, 2019 by Huntersure
Every year, tax professionals gear up for a lively financial season that starts in January and carries on through the summer when most people choose to begin making their tax payments. For auditors, the entire year is basically one big tax season, so concerns about legal liability and their responsibilities can virtually be under the […] Read More