Do you want the secret in understanding how the insurance marketplace prices your construction liability insurance policy renewals? This is an instructional piece to be shared with your staff members in charge of assisting in the design and purchase of your insurance program. Throughout my 30 year career, I have found it especially advantageous to […]
Executing the NY State Insurance Fund Reservation of Rights protocol is critical if you do not want to be surcharged for leaving the NYSIF. As you may be aware if you want to leave The New York State Insurance Fund for greener pastures or a better offer for workers compensation insurance from the private market […]
Over a decade ago in May of 2008, a Crane collapsed in NYC that killed 2 construction workers. The Wall Street Journal and the New York Times both profiled the company owner Mr. James Lomma of NY Crane & Equipment Corp and the assistant district attorney, Eli Cherasky spoke on the matter saying “They were […]
Is your employee refusing medical injury treatment for a potential worker compensation claim? Based on the geographic location of your business, many state workers’ compensation statutes limit and mandate certain employer actions when a worker is injured. Depending on the state, there are specific timelines to follow and forms to complete. But what about when a […]
Proper storm preparedness can help your organization continue to operate if an incident occurs within your offices that require your employees to transition to remote work. A weather incident like Super Storm Sandy in 2011 taught us these tips on weather preparedness. Transfer incoming business calls to an answering service ( located off the east […]
If you own home health care agencies in NY State the loss cost assigned by the NY Workers Compensation Rating Board governing the predominate labor class codes for Home Health Care Agencies have decreased by approximately 43% since 2017 for class code 9051,(Home Health Care Non_Professional Employees). The loss costs rates are released in July each […]
Frustrated by the commercial insurance renewal process… Every year commercial insurance buyers dread going into “renewal season” attempting to try and get the best pricing for their insurance program. The entire process is flawed, as shown here by another great article. They receive their quotes at the last minute, asked to make a six-figure purchasing decision […]
Commercial Insurance Is Essentially A Very Expensive Credit Line In Reverse… Have you ever missed a payment on a Visa card only to watch your interest rate double because of that simple mistake? Misaligned goals are common and, unfortunately, costly. This happens all the time, and currently there is no way to take back that […]
There is a secret to knowing your construction liability insurance renewal pricing months early. What if we told you that you could predict within a reasonable variance how much your construction liability insurance pricing will change at your renewal? Crazy helpful huh? Well, look no more for a solution to your problem. If you do […]