Category: DPSI

DPSI
// September 6, 2018

Summer may be winding down, but back-to-school season is in full swing. This annual tradition of purchasing clothing, stationery and electronics is the second biggest shopping event of the year. According to the National Retail Federation, total spending for this season is projected to reach $82.8 billion. In an era of smartphones, it might be…

More
DPSI
// September 6, 2018

Directors and officers can be held personally liable for decisions they make on behalf of a company. Many companies purchase a Directors and Officers (D&O) policy to protect both the entity and individual directors and officers. A typical D&O policy form includes three insuring agreements known as “sides”: Side A – Provides coverage to directors…

More
DPSI
// June 7, 2018

Now is the time when millions of families and individuals from all across the country are starting to plan getaways for summer vacations and long holiday weekends throughout the year. You would be one of 115 million Americans, over a third of the population, traveling at least 50 miles from home to enjoy some time…

More
DPSI
// June 7, 2018

According to the State of the Nonprofit Sector study performed by the Nonprofit Finance Fund, the top challenge nonprofit organizations face is achieving long-term financial sustainability. Nonprofits need funding to accomplish their mission and keep their doors open. The need for budget cuts or potential reductions in funding could impact the financials of organizations significantly….

More
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…

More
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…

More
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…

More
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…

More
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…

More
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….

More
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…

More
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…

More