Employee Robs Customer – Is There Coverage?

Sometimes I hear of a news story that involves financial institutions where I have to scratch my head to answer my own bank insurance coverage question. That just happened when I read THIS story about a "bank" employee who robbed a customer who had made a large cash withdrawal.  (The article says a bank. It was a credit union he worked … [Read more...]

How Much Insurance Should Your Bank Buy

The eleventh edition of my recommended minimum limits of insurance for banks is available now for download. Several changes in approach this time. New limits for bankers to consider as well as a different approach to publicly traded banks. Go to www.HowMuchBankInsurance.com for your copy. Directors and Officers Insurance Lender Liability … [Read more...]

Pregnancy Discrimination Act

The Pregnancy Discrimination Act was signed into law forty years ago. Legally and ethically your employees are due reasonable accommodations that allow them to work through the term of their pregnancy.  The Act also has been interpreted to include providing space and time for new mothers to pump breast milk at work. Here is some info on the Act … [Read more...]

Bank Questions Issues Of Religion In The Workplace

A client recently asked me for some ideas on the issue of religion in the workplace and preventing possible conflict/lawsuits. I found this EEOC publication that struck me as well written and filled with great guidance. … [Read more...]

Wage/Hour Claims

Employees suing you for back overtime pay is not covered by most Business insurance programs. So-called wage hour or fair labor claims are excluded by both general liability insurance and in most cases employment practices liability insurance. Some employment practices policies cover defense costs in such claims. This is certainly not the … [Read more...]