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 […]
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 […]
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 […]
He’s making a list, and checking it twice! As we countdown to 2020, now is the perfect time to complete this simple insurance checklist to bring you peace of mind in the New Year! 1. Review Your Policies I know it sounds simple, but when was the last time you reviewed your home, auto, life […]
The way we work has forever changed. Co-working office space has become the fastest growing trend in commercial real estate. Also referred to as shared office space, co-working offers small businesses, entrepreneurs, and freelancers access to all the benefits of traditional office space (and more) without the cost of a lease. In fact, co-working spaces […]
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 […]