Commercial Insurance Archives - Page 3 of 4

Post-Covid-19 Reopening Poses Challenges for Businesses

By pattidevineCommercial Insurance, Multinational

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...

May 11, 2020

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Why Auto Dealers Should Make Cybersecurity a Priority

By pattidevineAutomotive, Commercial Insurance

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%...

April 28, 2020

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Demand for Precious Metals Creates Opportunities for Thieves

By pattidevineCommercial Insurance, Precious Metals, Fine Art, Specie & Jewelry

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...

April 7, 2020

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NY Property Owners Vulnerable to Labor Law Claims

By pattidevineCommercial Insurance, Construction, Real Estate

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...

March 30, 2020

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Foa & Son Welcomes Michael Pearl, Jewelry, Fine Art & Specie Insurance Specialist

By pattidevineCommercial Insurance, Precious Metals, Fine Art, Specie & Jewelry

Foa & Son is pleased to welcome Michael Pearl to our team. He's heading up the Jewelry, Fine Art & Specie practice at Foa & Son, and his expertise couldn't have come at a better time. Michael is an expert in specie insurance. Specie insurance covers precious and valuable items anywhere in the world...

March 24, 2020

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A Special Message from Michael Lieberman Regarding COVID-19

By pattidevineCommercial Insurance, Food & Beverage

“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...

March 23, 2020

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

By pattidevineCommercial Insurance, Food & Beverage

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...

March 10, 2020

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Will Business Insurance Cover Losses Related to Coronavirus?

By pattidevineCommercial Insurance

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...

February 25, 2020

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What to Look for When Hiring a Commercial Insurance Broker

By pattidevineAutomotive, 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...

February 11, 2020

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Rate Hikes and the 2020 Insurance Market

By pattidevineCommercial Insurance

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...

February 4, 2020

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Michael Lieberman of Foa & Son Named Insurance Journal Agent of the Year

By pattidevineCommercial Insurance, Food & Beverage

Michael Lieberman, senior vice president at Foa & Son and Food & Beverage Industry practice leader, has been named one of Insurance Journal's Agents of the Year. The 20 agents in this report define what it means to be a successful independent agent today. These agents were chosen because they...

January 30, 2020

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A Closer Look at Directors and Officers (D&O) Insurance

By pattidevineCommercial 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...

January 28, 2020

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Foa & Son, Leading Insurance Brokerage Firm, Launches New Website

By pattidevineCommercial Insurance, Multinational, Personal Lines

Foa & Son Corp. has launched a new website to serve clients and prospects who want to learn more about the firm and their unique abilities. Highlights include their specialty niches and international reach and expertise. Visitors to the site will be able to connect with experts in their particular...

January 21, 2020

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Avoid Workers Compensation Insurance Traps for Non-USA Companies

By pattidevineCommercial Insurance, Multinational

Every state in the USA requires that workers injured on the job be covered by Workers’ Compensation insurance, and most USA employers know how to purchase this coverage as part of their normal business practices. However, complications can arise when non-USA companies send workers to the USA and these workers...

January 14, 2020

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Commercial Insurance Market Forecast for 2020: The Hard Market is Here

By pattidevineCommercial Insurance

It is becoming increasingly clear that a hardening property/casualty insurance market has accelerated and gone global according to Chubb Chairman and CEO Evan Greenberg. With commercial insurance rates set to keep rising in 2020, are you prepared for the hard market? A year ago, we were seeing a slow, gradual...

December 17, 2019

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How to Insure Your Employees During Business Travel

By pattidevineCommercial Insurance

Employee business travel is an exposure that a business or enterprise of any size can face. Travel experts have noted that over a career of business travel the odds of an employee dying in a terrorist attack were around nine million to one. The odds of that employee falling ill...

December 10, 2019

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What if Hackers Demand Ransom? Cyber Insurance Claims

By pattidevineCommercial Insurance

Cyber insurance provides coverage when hackers demand ransom. Is your business covered in case of cyber extortion or a ransomware attack? Cyber extortion and ransomware attacks are on the rise, with even large organizations and entities falling victim. Hackers will gain access to a system, hijack it and take control,...

December 3, 2019

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Workplace Violence Policies Fill Gaps in Traditional Insurance When Tragedy Strikes

By pattidevineCommercial Insurance

Have you considered Workplace Violence Insurance? At least 2 million Americans experience workplace violence every year. What's more, according to OSHA, many cases go unreported, so the number is likely even higher. 46% of active shooter situations occur in businesses, and mass shootings are on the rise. That means the...

November 26, 2019

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Anti Indemnity Statutes and Contractors

By pattidevineCommercial 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...

November 19, 2019

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Commercial Umbrella Liability Insurance

By pattidevineCommercial Insurance

Most of our clients buy an umbrella or excess liability policy. With multi-million dollar jury awards becoming increasingly commonplace, it's a sensible thing to do. If you have any business relationships that require you to provide evidence of insurance, like leases or contracts for example, you’ll also see requirements for...

November 12, 2019

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Commercial Insurance

Foa & Son Welcomes Michael Pearl, Jewelry, Fine Art & Specie Insurance Specialist

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

Will Business Insurance Cover Losses Related to Coronavirus?

What to Look for When Hiring a Commercial Insurance Broker

Rate Hikes and the 2020 Insurance Market

Michael Lieberman of Foa & Son Named Insurance Journal Agent of the Year

A Closer Look at Directors and Officers (D&O) Insurance

Avoid Workers Compensation Insurance Traps for Non-USA Companies

How to Insure Your Employees During Business Travel

Workplace Violence Policies Fill Gaps in Traditional Insurance When Tragedy Strikes

Commercial Umbrella Liability Insurance

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