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What Should Businesses Know About Insurance Coverage for Commercial Litigation?

The financial risks of defending against lawsuits, regardless of their merit, can be substantial for businesses, potentially impacting bottom lines and long-term viability. Insurance coverage designed specifically for litigation-related expenses can provide valuable protection, but many business owners remain unclear about their options. This information can protect your interests and help you move forward with confidence. …

Complex Insurance Coverage and Litigation

Corporations commonly purchase highly sophisticated insurance policies that cover property, casualty, theft, errors and omissions, employment liability, business interruption, environmental mishaps, and even officers’ and directors’ liability in corporate governance.  Each year, billions of dollars are paid by insurers to businesses to cover legitimate claims. Attorneys are key to this process and are often called …

Corporate Transparency Act Update

The Corporate Transparency Act of 2021 (CTA) requires many legal entities to report detailed ownership information to the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN).  A March 2025 update now requires only certain foreign-owned entities doing business in the United States to report. This significant shift leaves millions of businesses unsure of their obligations, as …

How Can Employers Defend Against Wrongful Termination Claims?

Employment lawsuits can pose significant challenges for employers, including reputational damage and potential legal liability. While many employment relationships are categorized as at-will, meaning an employer can generally terminate an employee for any reason, there are legal limitations. Employers cannot fire employees for discriminatory reasons, as retaliation for exercising their rights, or for reporting workplace …

Spirit Airlines Struggles with Increasing Losses as It Works to Exit Bankruptcy

Budget-friendly Spirit Airlines filed for Chapter 11 Bankruptcy protection in November 2024, marking a significant moment for the airline industry. After years of mounting losses, a failed merger attempt with JetBlue Airways, and escalating operational costs, Spirit is now restructuring in an effort to regain stability. Spirit is the first major U.S. airline to file …

What Is Umbrella Insurance?

Business Owners must protect themselves from liability to the fullest extent possible. Without sufficient coverage, a lawsuit could jeopardize the financial stability of their business. While primary liability insurance provides essential protection, it may not be enough to cover all potential claims. An Umbrella Insurance Policy offers additional coverage, helping businesses mitigate financial risks associated …

How Wildfires Like the Ocean County Blaze Could Threaten More Than Just Property – What NJ Residents Should Know About Insurance Coverage

This week, a fast-moving wildfire scorched over 8,500 acres in Ocean County, New Jersey, causing sudden evacuations, power outages, and road closures. The scale and speed of the “Jones Wildfire” left little time to prepare, reminding New Jersey homeowners that the impacts of natural disasters extend far beyond physical destruction, especially when it comes to …

Janus Henderson to Manage $45 Billion Guardian Life Assets

Janus Henderson has entered into a major partnership with Guardian Life, giving the investment firm a larger role in managing insurance assets. As part of the deal, Janus Henderson will manage $45 billion of Guardian Life’s bond portfolio. Guardian Life will also invest up to $400 million to support new projects at Janus Henderson, including …

What Legal Steps Can You Take if a Business Partner Violates Their Duties?

Business partnerships are grounded in trust, mutual understanding, and clear agreements. However, when a partner violates their duties, it can cause significant disruptions and harm the business. In New Jersey, business owners facing a breach of duty by a partner have specific legal options available to protect their interests and ensure the business remains viable. …

How Can Businesses Protect Themselves from Breach of Contract Claims?

Contracts are the foundation of most business agreements. Whether it involves suppliers, employees, or clients, a well-drafted contract is the basis for mutual understanding and compliance. However, when one party fails to meet its obligations, disputes can arise, potentially leading to breach of contract claims. Fortunately, businesses can take proactive measures to minimize risks and …

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