Professional Liability Risk Advisors

Insurance Agency in Franklin Lakes
795 Franklin Avenue, Suite 206, Franklin Lakes, NJ
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Updates

Posted on Nov 5, 2018

The Social Media service, Reddit, was reportedly breached according to a blog post released August 3rd. The service revealed that in June, a hacker accessed one of its older servers and compromised emails, data verification and everything that was in the server up to 2007.

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Posted on Nov 5, 2018

The PGA of America reportedly was hacked Tuesday as they tried to access their files for the ongoing PGA championship. Technicians realized they were hacked when they were trying to access the files and were revealed to be locked behind a Bitcoin wall with a message that revealed any attempt to b...

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Posted on Nov 5, 2018

PL Risk hosted a charitable dinner for Shatterproof, an organization that assists those individuals and families affected by the Opioid crisis, at Anthony’s Coal Fire Pizza in Ramsey, NJ on July 26th. Many employees, friends and clients came to raise money for this worthwhile organization. For th...

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Services

Insurance Services

  • Errors & Omissions Liability

    Running a professional services business exposes your clients to extraordinary liability risks. Even firms that strictly adhere to best practices can find themselves accused of errors or omissions that result in significant loss.An Errors and Omissions (E&O) policy from PLRisk Advisors provides your clients with coverage that contributes toward legal defense costs, damage awards and settlements.
  • Directors & Officers Liability

    Many agency clients serve on boards of directors or are in executive positions of their companies. These people are crucial to their businesses and the types of exposures they face as directors and officers can be varied.At PLRisk Advisors, we have the experience, knowledge, markets to secure the policies your clients require. We can help secure Directors and Officers insurance (D&O) to protect them and their companies in the event there is an allegation that they have failed to perform their duties.
  • Employment Practices Liability

    With increased pressure and an aggressively proactive stance by the EEOC, businesses are increasingly facing allegations from employees for racial and religious discrimination, sexual harassment, FMLA violations, unfair pay, and other significant claims.Today, whether you’re head of a large corporation or a small business owner, Employment Practices Liability Insurance (EPLI) should be part of your comprehensive insurance program. This policy provides coverage for legal fees, settlements and damage awards that result from employee claims of misconduct.
  • Privacy & Network Security Liability

    All industries and companies could face the risk of a privacy or network security breach. Storing personally identifiable information on clients and employees could be open to data breaches, identity theft, and unauthorized use of confidential information. Valuable information such as tax identification numbers, credit card numbers, bank account numbers, medical history, and more are at a risk. Privacy & Network Security insurance is a must for small and large firms to protect against this widespread exposure.
  • Commercial Crime Liability

    With online banking and financial transactions and widespread use of the Internet, one click of a button and a company’s business assets can easily be the target of criminal activity. PLRisk Advisors can provide you with the right Commercial Crime insurance coverage you need for your clients.Our program is available for all industries and types of businesses. We can also assist you in helping your clients developing a risk management program that combines security controls along with a properly structured insurance policy that meets their needs. Our team can help identify threats to their assets, bank accounts and other assets and design a program specific to each of your clients.We can help you retain your clients with premium savings, loss control, and lower exposures to commercial crime risks.
  • Fiduciary Liability

    Fiduciaries handle management or selection of retirement plans, health plans, life insurance and disability plans, and other employee benefits. There has been a spike in the severity and frequency of fiduciary claims over the past several years. In fact, plan fiduciaries today now surpass the medical profession as a most wanted target for litigation.The average claim has reached beyond $800,000 – up from $700,000 just five years earlier, with defense costs during this same period having risen 471%. Plan participants file more than 90% of the claims, with unions, government agencies, and other entities making up the remainder. And nearly 50% of the claims arise out of benefits disputes.* Other issues that may give rise to legal action include administrative errors and deficiencies in the communication of participants.

Coverage Solutions

Founded in 2012, PLRisk Advisors, Inc. is the wholesale division of Axis Management Group Holdings, Inc., providing professional liability coverage solutions for insurance agents nationwide. Our high-quality coverage options include errors and omissions, directors and officers, fiduciary, crime and privacy/network security programs.

At PLRisk Advisors we believe in building solid relationships with our insurance carriers so that we can negotiate the best rates and offer agents a diverse selection of coverage options. Our unique ability to understand the complexity of business risks allows us to build customized programs to specifically address these exposures. Furthermore, our staff has the experience and knowledge required to help agents stem losses through effective risk management and proper claims analysis.

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  • (855) 403-5982

Address

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795 Franklin Avenue, Suite 206
Franklin Lakes, NJ 07417
United States