There are certain insurance policies, such as workers' compensation and general liability, that are ubiquitous and are purchased by nearly every operating company in every industry.
There are certain insurance policies, such as workers' compensation and general liability, that are ubiquitous and are purchased by nearly every operating company in every industry. While some companies will purchase additional insurance policies that are applicable to their operations and industry specific risk exposures, other companies elect to self-insure, declining to purchase certain insurance coverage they deem to be low risk exposures or not worth the investment in coverage.
As employment practices liability insurance started gaining prominence over a decade ago, with some companies understanding and appreciating the importance of the coverage, there were some that expressed hesitancy to purchase the coverage, struggling and failing to understand the need for it.
Fast forward to today and one would be hard-pressed to find a company operating without such coverage. The arrival of the #metoo movement and the attention it placed on workplace behavior ushered in a new era of understanding — appreciating the significance and need for such insurance coverage.
A similar evolutionary process (though not from a moral equivalency perspective) has been unfolding in the insurance industry with cyber liability insurance. As it...
Elizabeth Holmes spent some of her last days out of prison with a film crew. She was trying, it seems, to clear her name. "You really feel you did nothing wrong?" Nathan Fielder, who co-directed th...