The commercial umbrella insurance market continues to create headaches for real estate owners. Over the past 12-18 months, umbrella liability insurance premiums for real estate (especially multifamily properties) continues to rise. An umbrella policy provides additional coverage on top of the primary liability policy. By purchasing an umbrella policy, an owner protects themselves from legal costs […]
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 […]
Most states require that automobile owners hold car insurance if they want to drive legally. But you might wonder if the same rules apply for exotic cars. Auto insurance for exotic cars works differently than regular car insurance. What Qualifies as an Exotic Vehicle? The definition of an exotic car is up for debate. There […]
There is widespread news coverage regarding the coronavirus. Below is information from the Centers for Disease Control and Prevention(CDC) & the Occupational Safety and Health Administration(OSHA) regarding how to help prevent the spread of respiratory disease. The information includes links to interim guidance and other resources for preventing exposures to and infection with the coronavirus—now […]
Law firms face a variety of challenges to be successful. From data security to professional services to employment-related matters, managing risk for legal professionals can be complex. Fortunately, proper insurance for your law firm can help you transfer these risks. Below are three major threats impacting your legal profession today and multiple reasons why you […]
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 […]
2019 State of the Market: Personal Insurance for High Net Worth Individuals America’s rich are getting richer…and younger. Technology and venture capital are creating more paths to wealth in recent years. Studies show that the number of high net worth individuals (HNWI) is on the rise. Unfortunately, today’s millionaires and billionaires are also more vulnerable […]
The majority of businesses that DON’T have a comprehensive business continuity plan – over 70% of them – will FAIL to recover from a significant interruption event. Some businesses’ biggest vulnerabilities will primarily relate to natural disasters. Others might be more easily crippled by a data breach, or breakdown of machine. If you’re a landlord, […]
How old is the insurance policy on your business? If you’ve kept the same policy for several years, you’re likely operating without some of today’s essential insurance products.