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Insurance News

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Covid-19 creates need for municipal insurance audits

By RJ Impastato, A.R.M. -- Nearly 90% of municipalities with populations below 50,000 will experience sharp revenue declines tied to the coronavirus, according to survey data released by the National League of Cities and the United States Conference of Mayors. When searching for budget expenses to trim, your insurance program...
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A photo of two masked business women during the Covid-19 pandemic standing at a railing.

Post-Covid-19 Reopening Poses Challenges for Businesses

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...
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An aerial photograph looking over a car dealership.

Why Auto Dealers Should Make Cybersecurity a Priority

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%...
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Protect Your Wealth with Bespoke Insurance Solutions

By Kevin Foley -- Conditions in the insurance market are changing the way successful families and individuals buy insurance. Insurers are struggling after three consecutive years replete with natural disasters. A record $105.7 billion in insured losses occurred in 2017 alone. In 2018, the U.S. saw a record 55 catastrophe,...
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A collage of coins, bullion, jewelry and other precious metals over top of hundred dollar bills.

Demand for Precious Metals Creates Opportunities for Thieves

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...
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NY Property Owners Vulnerable to Labor Law Claims

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...
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A Special Message from Michael Lieberman Regarding COVID-19

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

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...
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An image of the Covid-19 coronavirus and genetic code.

Will Business Insurance Cover Losses Related to Coronavirus?

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...
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