An insurance policy does more than just pay it claims, it pays to defend you against lawsuits. As the Marriott breach shows, lawsuits can come quickly and they are not cheap to defend against.
Each week, I take a common question I get from clients and prospects about insurance and answer it. If you have a question you would like me to answer please feel free to shoot me an email at firstname.lastname@example.org. The question today is – “Why do I need Directors & Officers (D&O) insurance?” A similar … Continue reading Common Question Friday – Why Do I Need D&O Insurance?
Based on a report yesterday from the Cook County Register, a settlement has apparently been reached between Abbvie and plaintiffs in the testosterone replacement therapy drug cases. Currently there are 25,000 cases pending and this settlement could bring to a close the latest chapter in life science mass product litigation. What has most likely prompted … Continue reading The Perils of Product Liability Insurance When Mass Litigation Strikes