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commercial general liability

A photo of insurance professionals meeting with construction workers on a job site.

Diligence, Innovation Keys to Construction Insurance Solutions

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…

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D&O Insurance for Private Companies and Nonprofits

When you accept an invitation to join a private organization’s board of directors, you might not realize that your activities as a current or former member could include fending off a lawsuit. Before you accept that invitation, ask whether the board is protected by Directors and Officers Liability Insurance, known…

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Performance-Based Insurance: Loss Control and Commercial Auto

A couple of years ago, a Texas company providing services to support the drilling and production of oil and gas wells had a problem. Its driver-safety record had become so troublesome that the state Department of Transportation had slapped it with the DOT’s poorest rating, and the company’s Commercial Auto…

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Benefits Compliance Update: 2022 Reporting Requirements

As a business owner or human resource professional, you’ve been through two years of pandemic-related regulations, adaptations and frustrations. Over the past couple of months, you’ve managed open enrollment for employee benefits amid a resurgent wave of COVID-19 infections and HR legislation, all while assisting colleagues with their demands and stresses — pandemic-related and otherwise. Now a new…

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Justin Foa: 2022 Forecast

If the past two years have taught us anything, it’s the value of preparing for the unexpected. Those who are able to be flexible and meet changing market conditions have a greater chance of success in times of stress and change. So, with that in mind… What do we see…

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A photo of a Justin Foa with a background of the NYC skyline during sunset.

Justin Foa: 2021 Year-in-Review Snapshot

The past year saw an extraordinarily hard insurance market, both nationally and locally.  On the national level, cyber liability, D&O liability, employment practices liability, property risks and excess liability have seen continued hardening.  Many industry watchers had forecasted that some increases would start to slow down in the second half…

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Artwork showing computer monitors displaying cybersecurity graphics.

Cyber Risk in the Manufacturing Industry: What You Need to Know

Cyber security continues to be of critical concern for the manufacturing industry in particular. According to the NTT Global Threat Intelligence Report for 2021, it is the second-most targeted industry, with only financial institutions seeing a higher frequency of cyber attacks. The same report reveals a staggering 300% increase in…

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A photo of a 2021 calendar with the months of October, November, and December circled and entitled 'Fourth Quarter Forecast'.

Commercial Insurance Market: Fourth Quarter Forecast

As many industry watchers have forecasted, the commercial insurance marketplace is now beginning to moderate. What does that mean? In short, smaller rate increases for most insurance—especially compared to the larger increases of the last couple of years. That isn’t to say that nobody is experiencing large increases. In many…

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Producer Profile: Brian Murphy

For Foa & Son V.P. Brian Murphy, knowing that he is helping his clients protect their business is the most rewarding part of the job. His background, which includes hands-on experience as a construction project manager, gives Brian unique insight into his industry specializations: trade credit insurance and construction/commercial real…

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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 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 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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