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insurance expert

A photo of a woman dripping CBD oil into a coffee mug.

Insuring cannabis risks a lot like food, pharma

By Michael Pearl -- Cannabis-related businesses share many of the same exposures as agricultural, food & beverage and pharmaceutical manufacturers. They all require workers’ compensation, general liability and property insurance. However, only a handful of insurers have an appetite for cannabis-related business risks. Limits are often lower than many businesses...
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July 21, 2020
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Tech Firms: Do you have the right insurance?

By Vincent J. Curatolo -- To get the best pricing and coverage for your tech firm in this hard insurance market, it’s important to partner with an insurance broker who has expertise in the sector. Your broker can help identify and analyze your exposures, and develop a risk mitigation strategy...
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July 4, 2020
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Self-funding Cuts Benefit Costs for Employers

By Nicos Mamatos -- Frustrated by the escalating cost of employee health insurance, small and midsize employers increasingly are turning to self-insurance. Employers that self-fund their employees’ health benefits save money by avoiding state premium taxes assessed on insured benefit plans, which shaves 1.5% to 3% off their annual cost....
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June 23, 2020
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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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May 26, 2020
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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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May 18, 2020
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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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May 11, 2020
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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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April 28, 2020
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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April 7, 2020
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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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March 30, 2020
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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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March 23, 2020
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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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February 11, 2020
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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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February 4, 2020
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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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January 28, 2020
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Foa & Son, Leading Insurance Brokerage Firm, Launches New Website

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...
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January 21, 2020
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Avoid Workers Compensation Insurance Traps for Non-USA Companies

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...
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January 14, 2020
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Commercial Insurance Market Forecast for 2020: The Hard Market is Here

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...
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December 17, 2019
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How to Insure Your Employees During Business Travel

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...
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December 10, 2019
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What if Hackers Demand Ransom? Cyber Insurance Claims

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,...
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December 3, 2019