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Monday Morning Memo-6-6-16
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Monday Morning Memo - June 6, 2016
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June 6, 2016
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Effectively Passing the Blame: A Look at Contractual Obligations & Liability Requirements - Part 2

Is your staffing company transferring risk to the right parties?  Are you assuming uninsured liabilities via your contracts?  More specifically, do you know how indemnification provisions can trigger coverage under various liability policies?
If you're not paying close attention to your contracts' provisions, your company could be in hot water in the event of a large claim. 

This panel of insurance and legal experts will give you a better understanding of:
  • How contractual indemnity provisions may or may not trigger insurance coverage;
  • Vertical or horizontal exhaustion of limits and satisfying liability requirements in a contract;
  • Additional insured, waiver of subrogation, and alternate employer requirements and how they dovetail with the coverage form;
  • Challenges behind VMS contracts and their downstream insurance requirements and indemnification provisions;
  • Why purchasing cyber liability insurance to satisfy contractual provisions may still leave you exposed.
Panelists:  Martin Borosko, Managing Member, Becker LLP, Timothy Szuhaj, Partner, Becker LLP Kurt Murray, Principal, Assurance and Kerri Quigley, risk Management Consultant for Staffing, Assurance

Fee:  $35 per person
Date/Time: June 7 from 4:00-5:30pm
Networking from 5:30-6:30 pm at Lithos, 405 Eisenhower Parkway,Livingston
Location: Citrin Cooperman, 290 W. Mt. Pleasant Ave., Livingston, NJ

Register online: click here.
In This Issue
STILL TIME TO REGISTER: Effectively Passing the Blame: A Look at Contractual Obligations & Liabilities
Cyber Security - Is Your Company at Risk?
Economic Report
Upcoming Events

A Look at Contractual Obligations - Part Two
June 7, Livingston, NJ
Cyber Security Is Your Company At Risk? - June 14,
Summit, NJ

Thanks to Our 


Cyber Security - Is Your Company at Risk? June 14
Wells Fargo invites NJSA members to a workshop on Cyber Security - Is Your Company at Risk?
This is a free workshop on protecting your company from fraud.

June 14, 2016  11am-1pm      
Wells Fargo, 2nd Floor Executive Boardroom
190 River Rd., Summit, NJ
RSVP: (908) 598-3138 or to

Economic Report

The Unemployment rate declined to 4.7% in May; payroll employment changes little (+38,000) The unemployment rate declined by 0.3 percentage point to 4.7 percent in May, and nonfarm payroll employment changed little (+38,000). Employment increased in health care. 
In April, 327 metropolitan areas had over-the-year increases in nonfarm payroll employment, 54 had decreases, and 6 had no change. The largest over-the-year employment increases occurred in New York-Newark-Jersey City, N.Y.-N.J.-Pa. (+173,900), Los Angeles-Long Beach-Anaheim, Calif. (+155,000), and Dallas- Fort Worth-Arlington, Texas (+130,600). 

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