Category: Blog

COVID-19 Deferred payments for Insurance Policy holders in need

April 8th , 2020   Dear Valued Clients,   We hope that this message finds you and your family safe and healthy.   These are difficult times. The New York Legislature and Department of Financial Services have been implementing emergency measures in an effort to protect insurance policyholders who have been hit with financial hardship because of the COVID-19 pandemic.  Regulations they enacted include: the...

Did You Know about the SBA Paycheck Protection Program?

Did You Know about the SBA Paycheck Protection Program?   Coronavirus Aid, Relief, and Economic Security Act (Cares) Keeping American Workers Paid and Employed Loans under this division are to be distributed using the existing framework of the SBA’s 7(a) program, the agency’s primary loan offering. The 7(a) program is a partnership between private financial lenders, which issue the loans, and the SBA, which guarantees them....

Is the Corona virus (COVID-19) covered under your business insurance?

Given the potential impact of COVID-19 on your business operations, we have received many calls with respect to business interruption coverage and the following should help clear this topic. Most property policies include business interruption coverage when the business interruption is caused by a Covered Cause of Loss. A Covered Cause of Loss is defined as risks of direct physical loss unless the loss is...

Make sure that special gift is covered.

Did someone close to you receive an expensive gift this Valentine’s Day? Make sure it’s well protected with a valuables policy. Many customers assume their basic homeowners policy will provide the coverage they need when, in fact, it provides limited protection. For example, a basic homeowners policy may not cover important losses, such as a stone falling out of an expensive item of jewelry. Choose...

Do I need Employment Practices Liability Insurance (EPLI)

Many employers are unaware of employment laws and the fair labor standards act. Here is an example of why all employers need this coverage. The U.S. Department of Labor has ordered a popular New Orleans restaurant to pay $238,000 in back wages to 222 employees who weren’t properly paid for overtime work. News outlets report an agency investigation determined Superior Seafood and Oyster Bar violated...