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 […]
With an estimated $150 billion to be spent between 2017-2019, New York City construction costs are ranked amongst the highest in the world. While bidding for jobs in this competitive and fast-paced market, many contractors are looking for ways to keep their overhead down. When calculating the costs and expenses for upcoming projects, buying cheap […]
When one hears “Environmental” or “Pollution” damage, the first thing that typically comes to mind is an oil spill or other major events. As a contractor, you know that contamination can happen at even the smallest of sites, and in the most unexpected ways. Pollution liability insurance claims are severity claims, not frequency claims. This […]
The technology industry is one that continuously faces financial losses as a result of an error or omission in the services or products being offered. Most companies believe that their General Liability and Cyber Insurance policies will cover all bases; however, there are a variety of professional service-related losses that can only be covered by […]
Though the Cannabis Industry continues to grow, it also continues to receive skepticism from governments, banks, and insurers. But not for long! This persistent uncertainty, along with lack of loss data, makes it difficult for insurance companies to develop an underwriting strategy for this class of business. There are many factors and risks that lead […]
Cutting corners when it comes to insuring your business can be extremely costly. There is a stark difference between choosing an insurance provider because they had the cheapest quote, and selecting someone who understands your business and wants to become your strategic insurance partner. WHAT’S THE DIFFERENCE BETWEEN AN AVERAGE BROKER AND A STRATEGIC INSURANCE […]
Why wait until a claim occurs to scramble and review your commercial property insurance policy? One overlooked gap or error in your coverage could be very costly. Whether your policy is up for renewal, or you are in the process of purchasing a new policy, you should pay attention to the exclusions and limitations included in your […]
Starting up a new business involves a lot of time, research and effort. Start up business insurance can often be confusing and intimidating for new business owners, that’s why I find it’s important to educate and provide convenience for my existing and future clients. This article will provide a simple outline for new business owners […]
Whether you’re a small mom-and-pop construction company or one of the biggest names in the business, trends in the construction industry impact everyone. While analysts predict that 2017 will see an improved economy and construction will keep growing, there are still a handful of trends that keep builders up at night. Here are a few construction trends […]