Stories abound about unscrupulous financial managers, sales persons, accounts receivable clerks, and so on. Here are steps you can take to prevent your company from being ripped off by greedy or disloyal employees:
- Conduct random audits of highly sensitive positions, such as finances and technology.
- Make sure you have a standard operating procedure for everything that is done in highly sensitive areas.
- Separate functions that have inherent conflicts. For example, separate the accounts receivable from the account payables function where possible.
- Require specific passwords, double signatures, and other mechanisms to make sure the right people are accessing the right information.
- Don’t tempt people: Lock up blank checks, put away company credit cards, and maintain the confidentiality of passwords.
- Require and examine periodic reports containing reconciled financial and technological information.
- And lastly, mandate vacations. Bankers are required to do so by law for obvious reasons. The last thing you want is somebody who is unwilling to leave early or take a vacation for fear of being caught. Contact us to get more info. We are also available on Facebook and LinkedIn so connect with us today!
Scurich Insurance
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
eMail:[email protected]
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Professional liability Insurance protects your business if you are sued for negligence, even if you have not made a mistake. Any professional with fiduciary responsibility for another individual, such as accountants, bookkeepers, and insurance agents, should have some kind of liability insurance coverage to offer protection in the event of calculation errors or misguidance. Medical professionals, including doctors, nurses, physical therapists and others in the medical field, should have medical malpractice insurance to cover claims regarding medical mistakes, misdiagnosis or other professionals have been sued without committing an error. Liability insurance policies can help cover legal expenses to defend against such frivolous or unfounded lawsuits. Even for professionals working as an employee of an organization with its own malpractice insurance, it is a good idea to maintain an individual policy to ensure complete coverage.
Why should you get a Professional Liability Insurance quote from Scurich Insurance services?
All the plans offered by Scurich Insurance are tailored for each occupation to satisfy your unique needs. Applying for your individual policy is easy with us. Our approach is to meet the professional liability insurance needs of design professionals by offering experience and knowledgeable staff, high-quality and competitively-priced products, and thoughtful, attentive service. You can feel secure with Scurich Insurance Services
Scurich Insurance
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
eMail:[email protected]
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Purchasing Business Insurance means nothing but protecting your time, business and all your hard work. Scurich Insurance Services stands first to shelter your long way achievement of your business. Whenever we think about insurance, business owners generally consider protection against hazards such as fire, flood or theft at their company sites. It is obvious! As it is an important protection to have. However, there are other types of hazards that may not be topped in the list, but protection could be every bit as important to offset significant financial losses. Here are five examples that underscore the need for comprehensive business insurance protection:
- A typical auto insurance policy would probably not cover the contents of a company vehicle if that valuable equipment is lost or stolen. But Scurich Insurance Services provide you insurance when you operate a business with employees on the road making service calls to customers; chances are there is valuable equipment contained in company vehicles.
- Our Business Insurance includes the value of the improvements made by tenant to the existing structure of your property or building. If you have invested in improvements, then we offer a worth taking coverage to protect all.
- Works we do are not mostly in-house but we work from our home itself; either its full time or part time not your homeowner’s insurance holds the coverage for the loss on your business that happens to you at home. Here we offer coverage for the expensive business equipment at home; you may want to consider purchasing additional protection.
- Any interruption given to your business can be sorted out through Business interruption insurance can provide a way to get back on your feet.
- We knew your business binds some special brainies who upholds, we offer key person insurance to help you recover during your loss or inability of such brainiest persons.
It pays to make sure you have the protection you need. Call us Scurich Insurance Services for a consultation today!
Scurich Insurance
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
eMail:[email protected]
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Directors and officers can be personally sued by share holders, creditors, employees, suppliers, customers, competitors or regulators. Suits can be bought for various reasons. Shareholders might sue for insider trading. Creditors might sue for misrepresenting the financial health of the company. Competitors might sue for anti-trust or unfair trade practices.
Being personally sued can be crippling for individual directors or officers. Just the risk of lawsuits might cause qualified individuals to refuse to take director or officer positions, or it could motivate existing officers or directors to act with excessive caution in pursuing a corporation’s interests. By insuring in Scurich Insurance Services directors or officers against personal liability for their own wrongful acts, D&O insurance addresses these concerns.
Any publicly traded company with a corporate board or advisory committee should consider director and officers liability insurance. Non-profit organizations and private companies could benefit as well from the protection offered by directors and officers liability insurance.
Some actions are excluded by all Directors and Officers Insurance Policy
Always Excluded:
- Bodily injury and property damage
- Intentional and dishonest acts
- Criminal acts
- Violations of state laws resulting in fines or penalties
- Pollution and nuclear waste.
- Libel, slander and false imprisonment
- Employment discrimination or wrongful termination
- Cases involving insured-against-insured actions (i.e., one director suing another)
- Failure to maintain proper insurance
- Punitive damages.
Frequently Excluded:
D&O policies cover claims made during the policy period. It doesn’t matter when the wrongful acts occurred. A claim arising from a lawsuit filed this year for a wrongful act committed last year is covered by this year’s policy. Directors and Officers Insurance is being customized for the unique needs of each client at Scurich Insurance Services. Coverage is generally for some fixed level of claims per year.
Scurich Insurance
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
Read more
Our Happy customer program is specially designed to capture your feedback and opinion.
If you would also like to share your experience with Scurich Insurance, please do participate in Happy Customer. We would love to hear from you!
Scurich Insurance
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
eMail:[email protected]
Read more
Customers are the backbone of any business. Your satisfaction open avenues for us to provide you well qualified and quantified service. Here Scurich Insurance invites you to engage yourself with the best outcome of our service. Customer satisfaction is the best window into loyalty and that help us to stay in our business.
Scurich Insurance launched an online Happy Customer program that invokes your valuable words to enhance our service.
Scurich Insurance
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
eMail:[email protected]
*images courtesy of istockphoto.com
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