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Insurance News

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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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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What to Look for When Hiring a Commercial Insurance Broker

 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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Rate Hikes and the 2020 Insurance Market

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