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 […]
How much does it cost to start and run a captive insurance company? It’s the most frequent upfront question we get from organizations that are looking at starting their own captive insurance company for their organization. The short answer is zero, but when we tell business this they’re left in shock. After we walk them […]
With respect to your commercial general liability insurance policy; choosing between a high deductible or self-insured retention can have a major impact on your competitive position as your business competes on the street. We we want to give you some direction BEFORE you pick the insurance program structure for your commercial general liability policy. Difference […]
Using a common password leaves your organization at risk for cybercriminals to attack your account. Let’s add password protection as a major component in your organization’s cybersecurity plan. The risk of a common password is tremendous, and you should avoid having one at all costs. Did you know: 4.7% of users have the password password; […]
Should my company mandate vaccinations? Like everything Covid related, the answer is complicated. According to employment law attorney Rich Landau of Jackson Lewis, their tentative position is that requiring employees to be vaccinated for COVID 19 is very difficult to mandate. This is primarily due to EAU (Emergency Use Status) of the vaccine, legal risks […]
Do You Have Employees That Are Repeat Accident Offenders? If your business suffers from the high cost of employee injuries on their workers’ compensation insurance due to the same employees becoming injured repeatedly; this article is for you! While the vast majority of workers comp claims are legitimate accidents from honest, hard-working employees some […]