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Construction

Some Good News on Cyber Liability Insurance: Ransomware Coverage Remains Available

By Commercial Insurance, Construction, Real Estate

If you’re looking for good news amid the ever-increasing threat of cyber attack, escalating ransomware demands and Cyber Liability Insurance rate hikes, here it is: Despite all the bad news, ransomware coverage is still available to most businesses through major insurance carriers. This was hardly a given. As homeowners in…

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Benefits Compliance Update: 2022 Reporting Requirements

By Commercial Insurance, Construction, Real Estate

As a business owner or human resource professional, you’ve been through two years of pandemic-related regulations, adaptations and frustrations. Over the past couple of months, you’ve managed open enrollment for employee benefits amid a resurgent wave of COVID-19 infections and HR legislation, all while assisting colleagues with their demands and stresses — pandemic-related and otherwise. Now a new…

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Cyber Risk in the Manufacturing Industry: What You Need to Know

By Commercial Insurance, Construction, Real Estate

Cyber security continues to be of critical concern for the manufacturing industry in particular. According to the NTT Global Threat Intelligence Report for 2021, it is the second-most targeted industry, with only financial institutions seeing a higher frequency of cyber attacks. The same report reveals a staggering 300% increase in…

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commercial insurance broker

What to Look for When Hiring a Commercial Insurance Broker

By Automotive, Commercial Insurance, Construction, Family Offices, Food & Beverage, Life Sciences, Municipalities, Precious Metals, Fine Art, Specie & Jewelry, Real Estate, Retail & Apparel, Telecom & Technology
 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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anti indemnity statutes and contractors

Anti Indemnity Statutes and Contractors

By Commercial Insurance, Construction
It’s almost impossible these days to find a construction contract that doesn’t include “hold harmless”, “indemnification”, “additional insured”, and/or “waiver of subrogation” provisions somewhere. These are clauses that attempt to hold the subcontractor legally accountable for job-site accidents and injuries. No one would argue that a subcontractor should not be...
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