Your operations are as a General Contractor, but the contract you are looking to enter (or have entered) references to your organization as a Construction Manager. Is there an issue here? Although at first glance you may see similarities between a General Contract (“GC”) and Construction Manager (“CM”), their difference in operations, and in turn […]
The New York Workers’ Compensation Insurance Rating Board (NYCIRB) has released a new class code for ‘Telecommuter Reassigned Employees’. If you are a business owner you might be wondering how do I adjust my workers’ compensation rates for employees that we kept on the payroll, but did not actually perform their duties? It doesn’t make […]
Online transactions have become commonplace for many companies across all lines of industry. With the rapid growth in acceptance of online payments, many companies underestimate or are not even aware of requirements to maintain Payment Card Information (PCI) Data Security Standard (DSS) compliance. What is PCI-DSS? Payment Card Information (PCI) Data Security Standard […]
There is no such thing as infallible cybersecurity. No matter how many millions of dollars an organization spends on online security, some hacker, somewhere, at some time, may successfully break-in. A common example is JPMorgan Chase, who spent close to $100 million to shore up their systems only find their systems hacked and sensitive data […]
Equifax Inc. announced on September 7, 2017 a cybersecurity incident which occurred earlier in the year. On July 29, it was discovered criminals exploited a US web application to gain access to files of over 143 million US consumers. Based on the company’s investigation, the unauthorized access occurred from mid-May through July 2017. If you […]
New York State is implementing a new Cyber Security Regulation effective March 1st, 2017. “New York is the financial capital of the world, and it is critical that we do everything in our power to protect consumers and our financial system from the ever-increasing threat of cyber-attacks,” Gov. Andrew Cuomo said February 16, 2017 in […]
Effective July 28, 2015 an amendment to the insurance law made it illegal to request or issue a certificate of insurance with language of any kind (including warranties of coverage) not found in the underlying policy. Certificates of insurance law is an important concept to understand. Anyone who has entered into a business agreement will tell […]
As a business owner the responsibility of providing a safe, positive, and comfortable work environment falls on your shoulders. The unfortunate reality is that these responsibilities are not always upheld or maintained. To help protect businesses from harmful claims that may arise from a multitude of situations, the Employment Practices Liability Insurance (“EPLI”) policy would […]