Category: DPSI

DPSI
// March 8, 2018

A carveback provision is a clause in an insurance contract that overrules an exclusion. Directors and Officers (D&O) policies often contain carvebacks to invoke coverage under the policy for certain situations that may have otherwise been excluded. These carvebacks can be very important to individual directors and officers to ensure they have the insurance coverage…

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DPSI
// March 8, 2018

Every January 1, thousands of people set a personal goal and make a promise to do something differently during the year ahead. The majority of these resolutions are health-related, such as eating better and losing weight, and worth sticking with throughout the entire year. Sadly, most people don’t stick with their resolutions. According to University…

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DPSI
// December 6, 2017

In 1990, The Americans with Disabilities Act (ADA), which provides civil rights protection for individuals with disabilities against discrimination, was signed into law. The ADA provides regulation regarding employment, public entities, public accommodations and telecommunications. According to Title III of the ADA, “discrimination on the basis of disability in the activities of places of public…

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DPSI
// December 6, 2017

Religious organizations are sacred places for members and guests, and maintaining proper insurance coverage is imperative to protecting the mission of each place of worship. The truth is that many houses of worship operate on small budgets, which means even minor losses could be devastating. Therefore, it’s important to understand the various risk exposures that…

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DPSI
// September 7, 2017

Commercial insurance is one of the most important decisions business owners can make to protect their investments. In order to protect against an unforeseen catastrophe, many insureds choose to obtain both primary and excess or umbrella policies to protect their investment. However, “peace of mind” isn’t the only reason you should make certain that your…

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DPSI
// September 7, 2017

When thinking about insurance solutions for health care companies, many focus on, and, perhaps stop at, medical malpractice insurance. However, running a health care company comes with many of the same risks that business owners face in other industries. Health care companies face lawsuits from creditors, investors, competitors, the state and federal governments and employees….

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DPSI
// June 6, 2017

This has been a devastating year for retail. According to Business Insider, thousands of mall-based stores have or will be shut down this year, causing the largest number of retail closures in decades. Some of the closures include department stores, such as Sears, JCPenney and Macy’s. A recent article on clark.com also states that other…

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DPSI
// June 6, 2017

Even many years after leaving their positions, directors and officers of an organization can still be at risk of being named in a lawsuit. Consider the following claims scenario: Christina served as president of a trade association. During her tenure, she diligently maintained a Devon Park Specialty Executive ViewPoint (EVP) management liability policy that provided…

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DPSI
// March 13, 2017

New Year’s Day parades and snow storms have come and gone, as spring weather welcomes festivals, concerts, athletic events and all things outdoors.  Events include a gamut of activities, so how does one properly prepare for such an event to ensure both fun and safety? Special events are unique in that the policy period is…

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DPSI
// March 13, 2017

Businesses are at a high risk in our litigious society; many exposures could cause claims that would be in excess of primary policy limits, and loss payments and defense costs are rising year after year. Do your customers have adequate layers of professional coverage to protect their businesses and nonprofit organizations? Clients typically need to…

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DPSI
// December 8, 2016

This is a time when the need for inexpensive and temporary housing has never been greater in our country. More and more people are opting out of homeownership and choosing to rent. This trend has contributed to the increased popularity of mobile home parks or manufactured housing. The types of tenants extend across generations, including…

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DPSI
// September 12, 2016

High profile cyber breaches make great headlines. Sensational statistics, such as millions of affected individuals or hundreds of millions of dollars in exposure, can be heart-stopping. But, as the dust settles and the average private company executive returns to their duties, it is hard for him or her to truly understand what these losses mean….

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