The Vacation Rental Market: Four Risks to Know & Prepare For

Posted by Todd Rockefeller on Mon, May 02, 2022 @ 04:15 PM

After two decades of vacation rental growth spurred by technology, it may be fair to say rental property exposures are all grown up. Insurers are no longer shunning the market, technology is no longer seen as a mystery, and even more governments are embracing the economic benefits of vacation rentals.

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Tags: vacation rental market risks

How Hackers Keep Businesses on Their Toes

Posted by John Cofini on Wed, Apr 27, 2022 @ 11:15 AM

Change and innovation in the cybersecurity industry seem to be moving faster than ever, driven by cybercriminals. They continue to develop new tactics and techniques to disrupt IT systems, steal data, and monetize their efforts.

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Tags: cyberattack

Wrap Up Insurance: A Solution for Large Projects

Posted by John Cofini on Mon, Apr 25, 2022 @ 01:55 PM

You’re a contractor on a big project. If something goes wrong, whose insurance is going to cover it: yours, your subcontractor’s or the owner’s? Large, complex projects often have a complicated jigsaw puzzle of insurance of insurance coverages. If the pieces don’t fit together correctly, you can end up with coverage gaps and disputes. Wrap up insurance provides a simplified solution.

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Tags: wrap-up insurance, CIP

Does Homeowners Insurance Cover Home Renovation Risks?

Posted by Todd Rockefeller on Tue, Apr 05, 2022 @ 12:22 PM

Planning a big remodel? It’s important to consider what can go wrong when updating or renovating your home and hiring professionals to complete your home projects. This article discusses some best practices for hiring contractors and some potential pitfalls to avoid.

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Tags: homeowners insurance, home renovation

Protecting Your Business from Theft

Posted by John Cofini on Mon, Mar 14, 2022 @ 02:38 PM

Is theft hurting your company’s bottom line? Businesses can incur losses from multiple types of theft, and these losses can take a bite out of your company’s profits. Strong theft prevention strategies can help protect your business.

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Tags: protecting your business from theft, theft

Coverage for Faulty Workmanship

Posted by John Cofini on Mon, Mar 07, 2022 @ 11:29 AM

Contractors who are sued for faulty workmanship may be surprised to learn they don’t have coverage under their commercial general liability insurance policy.

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Tags: Faulty Workmanship

Navigating Construction Worker Shortages

Posted by John Cofini on Tue, Feb 22, 2022 @ 11:30 AM

Recent supply-chain shortages have created a challenging labor market for the construction industry. Many companies are walking a fine line between meeting demand and maintaining a safe, positive work environment. Here’s an overview of the current state of the market, and how some construction companies are coping.

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Tags: construction worker shortages

How to Minimize Business Interruption Risks

Posted by John Cofini on Tue, Feb 15, 2022 @ 11:52 AM

If there is one thing the pandemic taught us, it's to expect the unexpected. The last two years have been difficult to navigate due to changing local and state health guidelines. For small business owners, business interruption can be the difference between a successful business and one that is nearing bankruptcy. It's important for business owners to understand how business interruption occurs and what options are available to protect against the consequences of interruption.

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Tags: business interruption insurance

Dwelling Limit and Surge Impact - New Strains for Homeowners Insurance

Posted by Peter Lanza on Fri, Feb 04, 2022 @ 11:15 AM

Since the inception of the coronavirus pandemic in early 2020, property values have been rising at the fastest rate since before the Great Recession. At the same time, an inflationary economy has put a strain on global supply chains, ultimately affecting reconstruction costs. This article discusses how your property insurance dwelling limit could be impacted by rising property values and how rising supply costs can subsequently affect home reconstruction costs.

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Tags: homeowners insurance, homeowners insurance dwelling limit

Is Water Backup Covered by Your Homeowners Insurance Policy?

Posted by Peter Lanza on Wed, Feb 02, 2022 @ 11:47 AM

Water backup can be a costly event for homeowners. Whether it occurs due to a malfunctioning washing machine or from a broken water pipe, water damage is a common issue that can be painful to clean up. This article discusses types of water damage exposures and how your homeowners insurance policy could respond to different claim scenarios.

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Tags: homeowners insurance, homeowners insurance water backup claims