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Insurance claim denials can devastate business owners, threatening financial stability and operational continuity. Yet, it is not unusual for insurance providers to do that. Fortunately, there are ways to fight for what your company is legally entitled to. Policyholders must be prepared to challenge those decisions strategically and effectively. What Are Common Reasons for Insurance …
Fraudulent business practices can cause financial harm and damage a company’s reputation. These practices may include false advertising, misrepresentation, or unauthorized charges. Understanding the legal remedies available can help businesses protect themselves and maintain fair competition. Fraudulent business practices involve deceptive actions intended to gain an unfair advantage. These include misrepresenting products or services, bait-and-switch …
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. …
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 …
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 …
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 …
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 …
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 …
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 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 …
Herold Law, P.A., provides a full range of legal services for businesses in New Jersey, New York, and Florida. To speak with a legal professional experienced in your area of need, call 908-679-5011 or complete our simple intake form on our website to schedule a consultation. While located in Warren, New Jersey for the convenience of our New Jersey clients, we also serve clients in New York and Florida.
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