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Category: Blog

Why is it important for Contractors to have Risk Transfer Agreements with Sub-Contractors?

A New York HVAC contractor subcontracted out some duct work to a sheet metal contractor. The HVAC Contractor had insurance but also had the proper risk transfer or hold harmless agreements in place. At the job site, the employee of sheet metal contractor was trying to use a 6 foot ladder but the manager advised it was too small and he will get an 8...

National Insurance Awareness Day

What is National Insurance Awareness Day? To be perfectly honest, I just heard about it myself and I'm in the business for over 30 years. Is it like those holidays that greeting card companies manufactured to sell more cards? Maybe? Probably? One thing I know for sure is it is a good idea to check if you are protected properly from time to time. Life...

What is Contractors Errors & Omissions Insurance (E&O Insurance)?

  Lets face it, mistakes happen sometimes. Most people understand that General liability covers you for injuries and property damage, but what does E&O insurance cover? To sum it  up and keep it simple, E&O will cover your mistakes (Wrongful Acts) that cause financial loss to a customer. There are three general areas that this can occur and those are; errors or omissions in the...

Unemployment Insurance Fraud

Unemployment insurance fraud is spreading fast. Consumers should be aware that these criminals are taking auto insurance policies out in the names of unaware citizens and using the ID card for Identification  to establish an unemployment insurance account. If you get a policy sent to you in your name that you didn't take out or an unemployment claim notice that you didn't file, you should...

Insurance Market for Multi Family Habitational Exposures

Casualty Market Outlook for U.S. Multifamily Habitational Risks—Fall 2020 The Property & Casualty market firming that began in the last half of 2019 continued into the second half of 2020, with expectations that things will remain unchanged as we enter 2021. This market firming has impacted both the Primary Liability and Umbrella/Excess Liability marketplace. Although Casualty losses in the Multifamily Habitational market have not reached...