Axis Insurance Services, LLC

Insurance Agency in Franklin Lakes
795 Franklin Avenue #210, Franklin Lakes, NJOpening at 8:30 AMOpen today until 5:00 PMOpening at 8:30 AM tomorrowOpening at 8:30 AM on MondaySorry, we're closed
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Updates

Posted on Nov 13, 2018

PL Risk Helping Hands is getting ready for its participation in the annual Shatterproof 5K Walk in New York City on October 14th to raise awareness of the stigma of addiction. For the past several months, members of the team and their fellow coworkers have been raising money and awareness towards...

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Posted on Nov 6, 2018

Word came out today from Facebook CEO, Mark Zuckerberg, that Facebook was breached on Tuesday. The numbers are still being tabulated, but it is currently estimated that over 50 million accounts were breached and as a result, Facebook has had to forcibly close 90 million accounts. They recommend t...

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Posted on Oct 29, 2018

Insurtech is reformatting the insurance industry by changing the way individuals receive customer service, make policy management easier and upstart a little competition, according to a recent report. With 74 percent of respondents finding innovations like Fintech (financial technology) a challen...

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Posted on Oct 22, 2018

Insurance technology is booming, and firms are standing to benefit from the premiums behind it. Premiums taken by firms using this new technology are set to double globally–from $187 billion today to more than $400 billion by 2023, according to Juniper Research Ltd., a U.K. market analysis compan...

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Posted on Oct 15, 2018

Axis Insurance Services, LLC is pleased to announce their attendance at the Self Insurance Institute of America’s Conference (SIIA) in Austin, Texas from September 23rd to the 25th. SIIA hosts one of the largest self-insuring conventions in the world. Last year alone, there were 1700 companies at...

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Posted on Oct 8, 2018

Everyone is understandably nervous about their cyber security. Multiple breaches have caused many people to panic and race to find the best security. While it’s impossible to protect against all risk, the following tips here can help mitigate the risk.

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Posted on Sep 28, 2018

Digital currency took a huge hit last week as reports of a large-scale breach was reported in Korea. Their cyber currency exchange reported that cyber thieves stole up to billions of dollars, causing the exchange, Coinrail to fall 7%.

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Posted on Sep 21, 2018

The Cloud based services in the Texas region were shut down over the holiday after a report of temperature spike at one of their coolant plants. Around 2:30am PDT, Microsoft detected a temperature anomaly at one of their data storage plants in Texas and shut it down to prevent a cascading failure.

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Posted on Sep 14, 2018

A new and emerging trend in cybercrime for cell phones is sim swapping. In recent years, hackers have found a way to take control of your cell phones by cloning the sim cards in your phones to gain access almost everything about us and put people at risk.

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Services

Insurance Services

  • Cyber Liability Privacy Network Security

    Cyber threats affect every profession – from the healthcare industry with online medical records and the use of smart devices, to law firms that have confidential sensitive information in their files that if hacked into can be misused by criminals. In addition, the rise of spear phishing attacks – sending targeted email that appears to come from a trusted source in order to trick the recipient into opening a malicious attachment or visiting a malicious website where malware is downloaded to their computer – combined with business email compromise to get companies to erroneously wire transfer money, employee negligence, and cyber extortion have all made for a very complex cyber security landscape for any business.
  • Professional Liability Insurance

    Professional Liability insurance, also known as Errors and Omissions (E&O) insurance, is designed to protect your firm against claims that arise from providing or failing to provide professional services. Depending on your profession, this could mean anything from a conflict of interest that caused financial damage to a client, design flaws that resulted in project delays and loss of tenant revenue, and inadequate coverage or policy limits that negatively affected the resolution of a claim, among many other situations. Axis Insurance Services, LLC focuses on providing Professional Liability insurance solutions to a diverse clientele that, without this must-have coverage, would find themselves paying out of pocket to defend lawsuits (even those without merit) and potential damages if found legally responsible.
  • E&O Coverage for the Legal Profession

    As an attorney or law firm, you’ve been on both sides of the table: defending professionals and their work in disputes with clients and working on behalf of plaintiffs who are unhappy with a particular service or job and claim financial damages. You, too, unfortunately, can find yourself across the table as a defendant in a legal malpractice claim that without proper insurance protection will cause your bottom line and reputation to take a hit.It’s not just large firms that face allegations of professional liability negligence. The American Bar Association estimates that attorneys at legal firms of all sizes will have at least three legal malpractice claims brought up against them in the course of their careers. Additionally, claims against lawyers have been steadily increasing in recent years, and the size of claims is also on the rise. Real estate lawyers in particular have seen a spike in claims.
  • E&O Coverage for the Real Estate Sector

    As one of the nation’s largest independent firms writing Commercial Real Estate E&O insurance, we provide a unique perspective in this risk. We insure hundreds of risks and are regularly asked to speak and write on relevant industry topics. Our team of professionals at Axis Insurance Services, LLC understands that the profile risk of each of our real estate clients differs depending on the sector they serve and their exposures and why it’s so important to offer customized solutions. As a result, our Real Estate Errors and Omissions (E&O) insurance programs are specifically tailored to each client. Our E&O program offers coverage for legal fees and settlements as a result of claims arising out of allegations of negligence or oversight in the performance of the work provided.
  • E&O Coverage for the Technology Industry

    Errors & Omissions (E&O) insurance for the technology industry is designed to cover the financial loss to a company’s customer as a result of an error or omission in the service or product supplied to the customer. Lawsuits commonly arise due to disputes over the scope of a project, delays, security issues, miscommunication, or the quality of the work you’ve delivered. For example, a customer sues a software development company because they are dissatisfied with the performance of the product or the customer’s expectations were higher than the capabilities of the product.Tech E&O insurance will step in and pay the attorney fees to defend the suit, court costs, settlements or judgments, and miscellaneous lawsuit expenses. This coverage not only safeguards your bottom line but also protects your reputation – one of the most valuable assets you have in the tech world.
  • D&O Management Liability Insurance

    The legal landscape for directors and officers and board members has become increasingly complex with emerging risks such as data privacy claims, greater shareholder activism, environmental litigation, and an increase in securities class actions and merger-objection suits. It’s not only public companies that face management liability claims but also private and non-profit entities that are targets of allegations of unfair business practices, conflicts of interests, mismanagement of funds, release of non-public information, and other issues.Directors & Officers (D&O) solutions from Axis Insurance Services, LLC are designed to protect the executive management team of public, private, and non-profit companies from claims against them relating to their daily management decisions. Our D&O policies provide coverage for the directors and officers themselves; reimburse the company when it indemnifies its directors and officers’ costs; and protect the corporate entity itself.
  • Employment Practices Liability Insurance

    A hostile working environment, workplace discrimination, and accusations of sexual harassment continue to be the top trending employment practices litigation cases, with companies increasingly facing tougher regulatory investigations and actions— no matter what size organization you are. According to Trusted Choice, a leading insurance association, employee lawsuits have increased by 400% during the past 20 years, with wrongful termination suits skyrocketing more than 260%. About 41.5% of these employee lawsuits are brought against private companies with fewer than 100 employees. Also, the financial damage of employee lawsuits can be significant, with the cost of settling out of court averaging $75,000, and the average jury award hitting $217,000 if the case goes to court and the employer loses. Even those businesses with strict employment guidelines can find themselves facing an employment practices claim.
  • Commercial Crime Insurance

    Companies across the United States lose upwards of $40 billion annually due to employee theft. From taking home office supplies to devising elaborate embezzlement schemes, the types of crime committed are wide-ranging. It’s estimated that 80% of workplace crime is carried out by an employee, with one in four workers either having committed or witnessed workplace fraud or abuse.Additionally, cyber fraud has further complicated the potential for fraud and criminal activity for all types of businesses. Bank accounts can be compromised by experienced hackers and novices alike to tap into a company’s assets via fraudulent wire transfer schemes as well as employee theft.
  • Fiduciary Liability

    Individuals who oversee a company’s pension, savings, profit-sharing, employee benefit, or health/welfare plans are liable to the beneficiaries of these plans for any breach of their fiduciary duties. A fiduciary can be a director, officer, employee or other retained person(s). Recent changes with the new fiduciary rule have create increased liability for companies and individuals at all levels.In addition, recent lawsuits involving a spate of high-profile universities illustrate the types of exposures fiduciaries face: Retirement plan sponsors of each of the university’s plans are being sued by employees for failure to monitor excessive fees paid to administer the plans and for not replacing these more expensive, poor-performing investments with cheaper ones.
  • E&O Coverage: Miscellaneous Services

    It’s inevitable that at some point in a company’s lifespan an error will occur that will cause financial damage or loss to a client. Anyone in your company could make a mistake, overlook or misplace critical information, forget a crucial step, or be misinterpreted. Without the proper coverage, this mistake or oversight can be devastating to a firm’s bottom line and your reputation.That’s where Errors & Omissions (E&O) insurance steps in. E&O insurance covers damages and legal fees for negligence claims arising from professional services. The policy in addition to covering the business and employees can also be extended to include protection for independent contractors, part-time workers, or even volunteers.

About Us

Axis Insurance Services, LLC is a professional liability insurance brokerage that designs tailored coverage solutions aligned with your specific insurance goals as you expand and grow your business. We can easily identify coverage gaps in your current policy and help you prioritize and choose appropriate limits, putting into place a successful program to manage and address your risks. Our experienced team of insurance professionals has received consistent accolades from clients for our dedication – contact us today to see how we can help protect your business from a business climate fraught with litigious claims and emerging risks.

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  • (201) 847-9175

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795 Franklin Avenue #210
Franklin Lakes, NJ 07417
United States

Business Hours

Mon:8:30 AM – 5:00 PM
Tue:8:30 AM – 5:00 PM
Wed:8:30 AM – 5:00 PM
Thu:8:30 AM – 5:00 PM
Fri:8:30 AM – 5:00 PM
Sat:Closed
Sun:Closed