Food product entrepreneurs need to beware of the potential risks they face when partnering with co-manufacturers, co-packers and toll processors. One-third of food manufacturers don’t own their own plants. According to Melissa Facchina, CEO and founder of SIDDHI Operations, a Brooklyn, N.Y.-based firm that provides operational and capital backing to...
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As the Precious Metals, Fine Art, Jewelry & Specie Practice Leader at Foa & Son, Michael Pearl prides himself on exceptional customer service. What's his secret? For Michael, applying specialized expertise helps create unique solutions for his clients. After graduating from the University of Colorado with a Bachelor's degree in...
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When it comes to hard market conditions, the key topic to look at is capacity. If you're in the Food & Beverage business, you understand supply and demand. The same principles apply. It's only natural that underwriters grow cautious when market capacity is in shorter supply. Accordingly, they begin to...
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By Michael Boscaino -- Many retailers in riot-torn U.S. cities are learning the hard way that their property insurance isn’t nearly enough to cover the cost of inventory lost to looters. And even if they do file a theft or damage claim, the insured value of their lost inventory is...
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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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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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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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