If your career involves providing professional services or counsel, Professional Liability Insurance, also known as professional indemnity insurance, is crucial for safeguarding your assets and reputation against allegations of negligence or mistakes. This coverage, which transfers the professional liability from you to the insurance carrier, is known by various names,…
Implementing your organization’s employee benefits program is like leading a marathon team. First, you prepare through regular training sessions, aided by internal communications in the weeks and months leading up to Open Enrollment. Next comes the grind of Open Enrollment itself — the equivalent of a marathoner’s high-mileage training runs….
In a chaotic time filled with environmental instability, global supply chain issues, and perpetual labor shortages, there’s one industry that insurance companies still largely trust: manufacturing. As a result of the industry’s inherent stability, manufacturing is doing well in today’s property and casualty (P&C) insurance marketplace — for the most…
We are excited to announce that the operations of Firm Insurance are combining with Foa & Son, an insurance brokerage firm also owned by Alera Group. We are excited and proud that the operations of Firm Insurance of Mahwah, New Jersey, a leading provider of Commercial, Personal, and Life insurance…
Third annual study from Alera Group predicts 2023 Property and Casualty market conditions A new study forecasting 2023 market conditions in the Property and Casualty Insurance industry reveals that uncertainty related to the economy, inflation, catastrophes and court-related claims is contributing to tighter underwriting guidelines and widely varying price increases….
Clients of Foa & Son enjoy access to a team of professionals with many years of service to high-net-worth individuals. The Personal Lines team, led by Senior Vice President Loleeta Hebrank, works with clients to insure their valuable items against major loss. On a beautiful Monday morning, Loleeta agreed to…
If your contracting or subcontracting business has not only survived but thrived during the three years of the COVID-19 pandemic, Surety bonds probably are not a top-of-mind concern for you — at least when it comes to private construction projects. But if you’ve struggled with payment, cash-flow or employment issues…
When it is non-existent or poorly executed, risk management becomes the subject of intense scrutiny, especially when a municipality or public entity is assigned responsibility for an occurrence resulting in widespread damage or singular tragedy. “How did this happen?,” we demand to know. “And who is to blame?” From natural…
Step back from all the misery the COVID-19 pandemic has caused, including worker shortages and supply chain disruption. Take a good look at all the insurance challenges a years-long hard market for Property and Casualty coverage has created. Scan the landscape of damage from a multi-year series of catastrophic events…
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…
