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 … Continue reading Why Property & Liability Insurance Cost So Much for Apartment Buildings , Co-Ops , Condos→
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 … Continue reading Why Current Economic Conditions Are Perfect To Restructure Your Insurance Program→
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 … Continue reading Reduce Costs At Scale By Restructuring Your Commercial Insurance Program→
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 … Continue reading What Is The Cost To Run A Captive Insurance Program?→
Our 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 Note: This article has been edited for clarification and to protect the identities of those involved … Continue reading A Fireside Chat with A Claims Adjuster→
Winter 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 to OSHA, 20% of all workplace injuries are due to trips, slips, and falls. Types Of Cold Related Illness … Continue reading Protecting Your Workforce From Winter Related Illness→
Social 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 individuals from their personal information. This means driver’s licenses, passports, medical records, and bank information, are all … Continue reading Social Engineering:A Growing Cybersecurity Risk→