Ransomware Update: The Evolving Threat

Posted by John Cofini on Tue, Oct 19, 2021 @ 11:50 AM

The surge in ransomware may be reaching crisis levels. Cyber insurance premiums are expected to rise between 20% and 50% in 2021, according to Business Insurance, and this increase in largely the result of ransomware. Attacks have increased in both frequency and severity, and it appears that no one is safe.

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Tags: ransomware, Ransomware Update

Announcing BNC’s Sixth Annual Food Drive

Posted by Isabella R. Autorino on Thu, Oct 14, 2021 @ 08:00 AM

We are pleased to announce that BNC will be running its 6th Annual charity food drive for The Carver Center on Westchester Avenue in Port Chester.  We are once again heading up this drive to provide much needed food for the local pantry for those less fortunate. The Carver Center, aside from being a local non-profit to assist underserved youths, is also an important provider of food for those who can’t afford it.

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Tags: bnc food drive

Construction Insurance Market Continues to Tighten

Posted by John Cofini on Thu, Oct 07, 2021 @ 02:05 PM

If you run a construction firm, you may be wondering what’s on tap for your insurance renewal. In fact, that’s a good question to ask several months ahead of your renewal because conditions are challenging. The commercial insurance market has been hardening for a while now, and the construction industry is no exception.

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Major Disaster Declared; Federal Aid Available for Residents & Small Businesses

Posted by The BNC Agency Team on Tue, Sep 07, 2021 @ 12:19 PM

Today, we are sharing news received from Westchester Legislators …

Westchester residents who suffered property damage from the remnants of Hurricane Ida may be eligible for assistance from the Federal Emergency Management Agency, following President Joe Biden's Major Disaster Declaration for our area on Monday.

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Tags: Major disaster declared, Hurricane Ida, FEMA Assistance

Navigating COVID At Work (Again)

Posted by John Cofini on Wed, Aug 25, 2021 @ 01:48 PM

The Delta variant is prompting a new wave of COVID restrictions. For businesses that are trying to reopen and get back to normal, this could create new employment practices issues.

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Tags: navigating COVID at work

Common Business Insurance Blind Spots

Posted by John Cofini on Mon, Aug 23, 2021 @ 01:26 PM

Most industries face similar challenges, but not all risks are created equal. A slight headache can easily escalate into a costly blind spot. Below are three of the most common insurance blind spots to watch out for.

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Tags: business insurance, business insurance blind spots

How Companies Can Limit Social Media Liability Exposures

Posted by John Cofini on Mon, Aug 02, 2021 @ 11:55 AM

Your company is on social media. Your employees are, too. Sometimes, this can go well. Your company gets free promotion, and your employees engage with your company and others. Other times, it can go very badly. Social media is creating serious liability concerns, and companies should make sure they’re limiting their exposures.

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Tags: social media exposures, social media

Equipment Breakdown Homeowners Insurance – Do You Need It?

Posted by Peter Lanza on Wed, Jul 21, 2021 @ 01:49 PM

You may already know that equipment breakdown insurance is a standard and necessary element of many commercial business insurance packages. What you may not know is that this coverage is also available for homeowners. Traditional homeowners insurance policies do not cover losses related to equipment breakdown, so if you have expensive equipment in your home (such as high-end appliances, computer and security systems or HVAC equipment), this coverage might be a smart addition.

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Tags: equipment breakdown homeowners insurance

Building Collapse: Causes and Liability

Posted by John Cofini on Tue, Jul 13, 2021 @ 11:18 AM

On June 24, a 136-unit condo in Surfside, Florida, partially collapsed. With many victims still missing, this heartbreaking tragedy serves as a serious wakeup call to property owners and developers across the country. According to AP News, the collapse in Surfside prompted an audit that has led to the evacuation of a nearby 156-unit building.

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Tags: causes of building collapse, building collapse, building collapse causes and liability

Hurricane Season Preparedness for Homeowners and Businesses

Posted by Peter Lanza on Mon, Jun 28, 2021 @ 11:45 AM

The 2021 Atlantic hurricane season is underway, and it’s shaping up to be another bad one. Homeowners and businesses should make sure they’re prepared for the worst.

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