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Commercial Insurance

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Pandemic Creates E-commerce Risks for Jewelers

By Michael Pearl -- As more and more sales move online in response to pandemic-related retail store closures, jewelers should beware of the potential for cyberattacks and other e-commerce-related risks. Theft-in-transit claims are also on the rise as jewelers ship these online jewelry purchases to buyers, making them susceptible to...
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October 20, 2020
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Family Offices Face Cyber, Operational Risks

By Kevin Foley -- While wealthy families may seem powerful, they are vulnerable when it comes to cybercrime. At least 28% of family offices have been targets of cyberattacks, according to Campden Wealth, a leading provider of information, education and networking services for generational family business owners and family offices...
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September 15, 2020
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Throughput Policies Give Retailers End-to-End Coverage

By Michael Boscaino -- Many retailers in riot-torn U.S. cities are learning the hard way that their property insurance isn’t nearly enough to cover the cost of inventory lost to looters. And even if they do file a theft or damage claim, the insured value of their lost inventory is...
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August 19, 2020
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Life Sciences Industry Risks Changing with the Times

Life sciences companies will face a new set of challenges in a post-Covid-19 world. Whether you’re an investor in a life sciences company, a contract development and manufacturing organization, CSO (Chief Scientific Officer) or the CEO, you’ll have concerns about how the “new normal” will affect your business operations. For...
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July 25, 2020
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Insuring cannabis risks a lot like food, pharma

By Michael Pearl -- Cannabis-related businesses share many of the same exposures as agricultural, food & beverage and pharmaceutical manufacturers. They all require workers’ compensation, general liability and property insurance. However, only a handful of insurers have an appetite for cannabis-related business risks. Limits are often lower than many businesses...
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July 21, 2020
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Tech Firms: Do you have the right insurance?

By Vincent J. Curatolo -- To get the best pricing and coverage for your tech firm in this hard insurance market, it’s important to partner with an insurance broker who has expertise in the sector. Your broker can help identify and analyze your exposures, and develop a risk mitigation strategy...
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July 4, 2020
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Contractors: Beware of flaws in subcontractor coverage

By Pete Carrucciu -- Hiring subcontractors is inherently risky in the construction industry because often their insurance is lacking. Developers, general contractors, and property owners or managers may become liable if a subcontractor does shoddy work and is found negligent. That’s why it’s crucial for those in construction ventures to...
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May 26, 2020
A black and white photo of a building with the sign 'City Hall'.

Covid-19 creates need for municipal insurance audits

By RJ Impastato, A.R.M. -- Nearly 90% of municipalities with populations below 50,000 will experience sharp revenue declines tied to the coronavirus, according to survey data released by the National League of Cities and the United States Conference of Mayors. When searching for budget expenses to trim, your insurance program...
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May 18, 2020
A photo of two masked business women during the Covid-19 pandemic standing at a railing.

Post-Covid-19 Reopening Poses Challenges for Businesses

As the economy in the United States reopens following weeks of widespread stay-at-home orders, don’t expect a quick return to “business as usual.” Reopening requires a lot more than just flipping a switch. More than 73% of U.S. companies have not yet created a return-to-work strategy, according to a survey...
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May 11, 2020
An aerial photograph looking over a car dealership.

Why Auto Dealers Should Make Cybersecurity a Priority

By Greg Reddock -- Cybercrime is increasing in many industries, and the automotive sales industry is no exception. Auto dealers are under constant attack by cybercriminals because of the large quantities of customer data stored on dealership management systems and the hefty sums involved in car buying. In fact, 85%...
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April 28, 2020
A collage of coins, bullion, jewelry and other precious metals over top of hundred dollar bills.

Demand for Precious Metals Creates Opportunities for Thieves

By Michael Pearl -- With theft-in-transit being among the leading causes of insurance claims for loss of coins, bullion, jewelry and other precious metals, what guarantees that a dealer’s shipment of a collection of rare and valuable coins or precious jewelry using a common carrier will arrive intact? Today, because...
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April 7, 2020
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NY Property Owners Vulnerable to Labor Law Claims

By Glenn Albert -- A landlord hires a painting contractor for a small interior paint job inside one of its buildings. While performing the work, the contractor’s employee falls off a ladder and suffers a serious injury. Normally, that worker would file a workers’ compensation claim to obtain insurance coverage...
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March 30, 2020
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A Special Message from Michael Lieberman Regarding COVID-19

“I hope this message finds you well”. Something I have said thousands of times in the past. Never before, have these words meant to much. Our lives have changed, and we all face an incredible challenge. Similar to a CAT 5 hurricane, we heard news of COVID-19 approaching. While some...
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March 23, 2020
An aerial view of a port with cargo containers at sunset.

Supply chain disruption: is your food & beverage business covered?

By Michael Lieberman -- As the spread of COVID-19 continues to disrupt global supply chains, many owners of food and beverage businesses are wondering whether their commercial insurance programs will reimburse them for lost revenues. Lost revenues can stem from not being able to receive an international shipment, to not...
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March 10, 2020
An image of the Covid-19 coronavirus and genetic code.

Will Business Insurance Cover Losses Related to Coronavirus?

We’re seeing more and more clients impacted by coronavirus shutdowns. Inevitably that begs the question: does my business have coverage? An article in Insurance Journal discusses various coverage theories that may be applicable to coronavirus related losses. The article states that many claims are being filed, but there are major...
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February 25, 2020
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What to Look for When Hiring a Commercial Insurance Broker

 Your current commercial insurance broker might have been the right choice a few years ago when the insurance market was soft, but 2020 is a different story. We’ve entered a hard insurance market, and rate hikes and coverage restrictions are expected to continue across most lines. But, with good advice...
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February 11, 2020
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Rate Hikes and the 2020 Insurance Market

WHAT DO RATE HIKES MEAN FOR THE 2020 INSURANCE MARKET? After more than a decade of flat or decreasing premiums, prices rose across many lines in 2019. As the dust settles, you may be asking yourself what does 2020 look like? The property/casualty insurance market is at a point not...
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February 4, 2020
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A Closer Look at Directors and Officers (D&O) Insurance

If you’ve been on the fence about getting Directors and Officers (D&O) insurance for your private business, now is the time to take a closer look at its many benefits. For publicly traded companies, D&O insurance liability policies are an absolutely essential insurance. Shareholder lawsuits against the directors and officers...
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January 28, 2020