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Commercial Insurance

A graphic with a photo of Greg Reddock entitled 'Is your insurance company holding your dealership captive? Then think about a captive insurance company'

Captive Insurance: Greg Reddock’s Take

Is your insurance company holding your dealership captive? Greg Reddock can help! As a senior vice president at Foa & Son, Greg advises a diverse portfolio of clients on their risk management and insurance needs, including many prominent firms in automotive, real estate, construction, distribution, and manufacturing. In this infographic,…

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A graphic with binary code in the background and entitled 'Cyber Liability Insurance: The Time is Now! 3 Reasons to Buy Today'

Justin Foa: Why You Need Cyber Insurance

Why you need Cyber Insurance It’s been all over the news. SolarWinds in January, 100,000 Microsoft Exchange Servers in February, CNA Insurance (a large provider of cyber insurance) in March. Cyber attacks are everywhere. A cyber attack incident will occur every 11 seconds in 2021. That’s almost double 2019’s rate,…

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A graphic with a photo of Pete Carrucciu entitled 'Real Estate Market Conditions Update'

Real Estate Market Conditions Report

Your exclusive Real Estate market conditions update is here! Pete Carruciu, Senior Vice President of our Real Estate and Construction Practice, has provided his forecast for the Habitational Downstate NY market. The outlook right now may seem disheartening. But with the right guidance, your company can and will weather the...
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A graphic with a photo of a night time city skyline with an illustration portraying a network overlaid over top.

Resources For Your Industry

At Foa & Son, we pride ourselves on being true, trusted risk advisors. For 160 years, we have invested in developing and expanding our knowledge base specific to the industries that we represent. We also dedicate ourselves to providing expert guidance through good times and bad.  While we always prefer…

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A photo of Mervin McCormack and entitled '2021 P&C Market Forecast'

Exclusive P&C Market Forecast: 2021

Your exclusive P&C Market Forecast for 2021 is ready.  Wondering what to expect in the new year? Chief Marketing Officer Mervin McCormack has shared his insights in this helpful infographic.  He predicts that all P&C lines will see higher rates. Some of the lines leading the way on rate increases...
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A graphic with a photo of a food factory and entitled 'Michael Lieberman's Food For Thought: Food Brands and Co-Man Risks'

Food for Thought Episode 3: Food Brands & Co-Man Risks

Food product entrepreneurs need to beware of the potential risks they face when partnering with co-manufacturers, co-packers and toll processors. One-third of food manufacturers don’t own their own plants. According to Melissa Facchina, CEO and founder of SIDDHI Operations, a Brooklyn, N.Y.-based firm that provides operational and capital backing to...
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A photo of Michael Pearl and a background of specie.

Producer Spotlight: Michael Pearl

As the Precious Metals, Fine Art, Jewelry & Specie Practice Leader at Foa & Son, Michael Pearl prides himself on exceptional customer service. What's his secret? For Michael, applying specialized expertise helps create unique solutions for his clients.  After graduating from the University of Colorado with a Bachelor's degree in...
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A graphic of a hooded figure among software code and entitled 'Michael Lieberman's Food for Thought: Cyber Risk'

Food for Thought: Cyber Risk

A cyber attack targeting a food and beverage distribution business could shut down the entire operation, costing thousands of dollars in lost revenue. The recent hack of U.S. government agencies’ computer systems demonstrates that even the most fortified IT systems can be breached.  But food and beverage businesses that have...
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A graphic of bar charts indicating ratings across industries and entitled 'Section 1: Key Industry Ratings'

2020 Market Trends Report

Our exclusive Market Trends Report is here! This proprietary analysis provides exclusive ratings to help insurance buyers more fully understand the impact of market conditions on their insurance costs, terms, conditions and overall availability. Our report finds that insurance market volatility shows no sign of abating any time soon. With...
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A graphic of a macro photo of snowflakes and entitled '2020 Year in Review'

Foa & Son Pivots to Digital in 2020

Relationships are key to the insurance business. So when Covid-19 made in-person meetings rare, our team worked to maintain our commitment to our clients. Throughout the year, we found exciting ways to engage through the digital realm. At Foa & Son, we dedicate ourselves to providing expert guidance through good...
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A graphic with an overhead view of the front of a cargo ship and entitled 'Michael Lieberman's Food for Thought: The Cold Chain'

Food for Thought: The Cold Chain

Cold storage has become a hot topic during the pandemic as vaccine manufacturers address the logistics of storing and shipping frozen vials to points of vaccination, but the food industry has long been concerned with the integrity of the “cold chain”. Because of their cold storage needs, all types of...
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A photo of gold rings on a computer keyboard.

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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A photo of a family office.

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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An aerial photo of marine cargo containers at a harbor.

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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A photo of a scientist holding a beaker of fluid in a lab.

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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A photo of a woman dripping CBD oil into a coffee mug.

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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A nighttime photo of a city overlaid with lines to indicate Internet and network connections.

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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A photo at sunset of city buildings and a construction crane.

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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