Why Property & Liability Insurance Cost So Much for Apartment Buildings , Co-Ops , Condos
Commercial Property, General Liability Insurance, Marketplace News, New York, Real Estate Practice Group, Risk ManagementAre 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…
Why Current Economic Conditions Are Perfect To Restructure Your Insurance Program
Captive, General Liability Insurance, Line of Insurance, Risk Financing, Risk Management, Risk Transfer, Workers Compensation InsuranceIn 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,…
Reduce Costs At Scale By Restructuring Your Commercial Insurance Program
Captive, Line of Insurance, Practice Groups, Risk Financing, Risk Management, Risk TransferHave 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…
What Is The Cost To Run A Captive Insurance Program?
Captive, Line of Insurance, Practice Groups, Risk Financing, Risk Management, Risk TransferHow 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…
What’s The Difference Between a Deductible & Self-Insured Retention In Your Commercial General Liability Policy?
General Liability Insurance, Risk FinancingWith 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…
New York Department of Financial Services Warns Businesses Who Use "Instant Quote" Software of Targeted Cyber Attacks
Cyber Liability Insurance, Risk Management, Risk TransferThe New York Department of Financial Services (DFS) has issued a cybersecurity fraud alert to all of its regulated entities, describing a "systemic and aggressive" campaign to steal consumers' private data. The DFS has reported from several…
A Fireside Chat with A Claims Adjuster
Claims Management, Commercial Auto, Construction Practice Group Content, Food & Beverage Practice Group Content, General Liability Insurance, Human Services Practice Group Content, Interview, Other, Risk Management, Transportation Practice Group Content, Workers Compensation Insurance, Workers Compensation Premium AuditsOur Claims Advocacy Team got to sit down with a workers’ compensation claims professional who specializes in high exposure claims. They discussed a high exposure claim that wasn’t reported timely to the carrier after the incident occurred. Please…
Protecting Your Workforce From Winter Related Illness
Claims Management, Construction Practice Group Content, Line of Insurance, Risk Management, Workers Compensation InsuranceWinter weather creates new challenges for employers trying to protect their employees from work-related accidents. Snow and Ice. How are you protecting your employees from potential slip and fall incidents related to snow and ice? According…
Social Engineering:A Growing Cybersecurity Risk
Cyber Liability Insurance, Risk ManagementSocial Engineering This past summer we wrote an article about the dangers of social engineering and how to prepare your organization for a socially engineered cyber attack. To reiterate: Social Engineering is the use of fraud to manipulate…