The challenges that the private club industry is facing now, and into the foreseeable future, continue to escalate. The decisions that have to be made by club management and boards of directors are not as simple as they used to be in the “good old
All Californians fear fires, flash floods and earthquakes, but few are properly prepared when these natural disasters hit. The October 2017 Tubbs Fire has been labeled the most destructive wildfire in California history, burning parts of cities in Napa and Sonoma counties, and affecting the
If you’ve ever heard the term, “Hammer Clause,” don’t go looking for this exact language in your Directors & Officers liability policy, as you will not find it. While it is common industry jargon used to describe the insurer’s right to settle a claim when
“Cyber” Liability is insurance coverage specifically designed to protect an organization from: Liability claims involving the unauthorized release of information for which the organization has a legal obligation to keep private or confidential Liability claims alleging invasion of privacy and/or copyright/trademark violations in a digital,
Drones, also known as Unmanned Aerial Systems (UAS) or Unmanned Aerial Vehicles (UAV), are becoming increasingly mainstream. During the 2015 holiday season, the U.S. government estimated that more than one million were sold, with the market projected to grow exponentially, particularly for commercial and personal
Q: What trends are you seeing related to private clubs and cyber insurance? Are businesses required to carry this type of insurance? A: A small but growing number of private clubs have experienced a data breach. Luckily, many of these clubs had cyber insurance. A
Cyber-related data breach incidents increased in both frequency and severity in 2013. In fact, more than 13 million Americans were victims of identity fraud last year according to the various research reports. Both corporate and personal information stored electronically in a company’s network offer tremendous
Commercial property and casualty insurance premiums are usually significant expense items in a club’s budget. As such, it is beneficial for clubs to diligently evaluate the options available to them in the marketplace and have a process in place that will yield the best outcome. Since 2008, more clubs are taking