You did everything right. You hired a licensed general contractor, collected the necessary certificates of insurance (COIs), and ensured they signed a contract with ironclad hold-harmless and indemnification language protecting your interests. Then, the unthinkable happens. A worker is seriously injured at your job site. A Labor Law Section 240 or 241 claim is filed, […]
The “Consistency Test” for Executive Teams Effective risk management starts at the top. However, even the most experienced executive teams—including HR, CFOs, and Legal departments—often overestimate their alignment on internal processes. In the video above, we detail a common scenario encountered during client onboarding. When leadership teams are asked to independently document their claims reporting […]
As a business leader, you’ve become accustomed to managing uncertainty. Conversations about tariffs, taxes, and policy shifts are a regular part of strategic planning. But in today’s construction risk landscape, high borrowing costs, persistent labor shortages, volatile supply chains, and intensifying climate events are all converging. This new environment is fundamentally altering the shape of […]
For the past several years, business owners and financial leaders faced the challenge of a hardening insurance market, specifically with commercial property insurance rates. However, an ongoing shift is continuing in a favorable direction for purchasers of property insurance. After a long period of rate hikes, the property insurance market has been softening, and rates […]
A Message to Nonprofit CEOs & CFOs As leaders of a non-profit organization, you’re dedicated to your mission, ensuring every dollar serves your cause. This often means scrutinizing every expenditure, and payroll taxes are no exception. While most for-profit entities are locked into a traditional state unemployment insurance (SUI) tax model, your 501(c)(3) status offers […]
Most businesses who purchase commercial general liability insurance have little understanding of how it’s structured and what is important. Instead they focus on the amount of limits offered per occurrence and the premium being charged for those commercial general liability insurance limits for their comparison when making their purchase decision. We are here to tell […]
Are you wondering why the renewal for your apartment building insurance for your rental building, Co-op or Condo has gone up by north of 20% ? This little primer might help explain why. The Chinese have a proverb, “may you live in interesting times”. If you’re an owner of commercial or residential real estate, especially […]
In our opinion, there is no better time to consider alternative risk transfer as a strategy to get more cost-efficient with respect to your current commercial property insurance, commercial liability insurance, workers compensation insurance, & commercial auto insurance. As I write this the country and the world are about to exit the covid pandemic. If […]
Have you ever wondered how utilizing captives, a high deductible insurance program, alternative risk transfer, self-insured retentions, or retrospective rating plans could further reduce your commercial insurance costs off your already low commercial insurance rates? Too often business owners are chasing the wrong rabbit. They think that by purchasing their commercial insurance for less than […]