Attorney errors and omissions insurance is complicated. It requires expertise and experience. Lawyer’s Professional Liability (LPL) Insurance, also known as Errors and Omissions(E&O) Insurance, is possibly the most critical insurance protection for law firms. This type of insurance provides coverage for claims that arise from “wrongful acts” committed in the rendering of legal services in […]
In today’s digital world, businesses rely on technology, social media, and business transactions over the internet to run effectively. Businesses that do not use digital resources find it nearly impossible to function. Employees working at home are especially dependent on online platforms for daily tasks. One issue for businesses using the internet is that being […]
Sure, buying a condominium can be incredibly exciting. However, with so many things that can and will go wrong, it would make sense to take precautionary actions to ensure your investment is safe. One of these actions is to buy condo insurance. Sure, condo insurance is generally a good idea, but it is also essential […]
Many hands go into constructing a building. From start to finish, the complete undertaking is like managing a machine with many moving parts. However, it all starts with the design. Architects, engineers, and designers are often responsible for spelling out the initial plan that every other construction team member must follow. Because building professionals typically […]
Are you looking to purchase a residential or commercial property to knock down and redevelop eventually? If so, vacant building insurance might be the best solution in the short term. Depending on the occupancy at the time of loss, your property insurance might not pay for an incident that occurs when the structure is vacant […]
The new coronavirus (COVID-19) outbreak has consumed individuals, families, and businesses all over the world. As COVID-19 becomes increasingly widespread, the disease is raising fears about the public’s well-being while also creating business interruption. In recent weeks, many companies have shut down temporarily or forced to minimize staff. However, as many operations closed due to […]
The start of 2020 has been a continuation to commercial real estate insurance rates increases experienced in 2019. Insurer’s new guidelines have led underwriters to be much more selective for both new and renewal business. Carriers are focused on quality business along with risk management controls. In addition to a spike in premiums, insurers are […]
2019 State of Insurance Market: NY Multi-Family Real Estate Catastrophic losses mean changing market dynamics Did you know most insurance companies are global? When Japan experiences earthquakes, floods and typhoons, the losses incurred by an insurance company, will actually have an impact on the cost of your insurance here in the US. In 2017 insurance […]
As cyber attacks and data breaches continue to threaten businesses of all sizes, more and more business owners are turning to their cyber insurance policy to help mitigate the risk. Unfortunately, many traditional CGL policies, or commercial general liability policies, specifically exclude certain liabilities that result from a cyber attack. Therefore, you will need to […]
As a contractor in New York, purchasing insurance can often be a headache. Among the various construction and labor laws, there are certain insurance exclusions that could put your firm at risk of tremendous claims. If you have experience working with brokers on specific projects, you may have heard of an exclusion referred to as […]