Ice dams can damage your roof and result in water damage to your home. Don’t let this cold-weather risk take you by surprise. Learn how to protect your home from ice dams.

Construction is a high-risk industry. When things go wrong, they tend to go very wrong. To keep you abreast of the current dangers, here’s a look at the risk trends in New York construction that we’re seeing now.

The Insurance Information Institute says that the number of lawsuits that employees file against their employers has been rising. Employment practices liability insurance (EPLI) offers important protection for any employer. Here’s a look at what’s happening with EPLI now.

Warning: You may not have the insurance coverage you need for your jewelry.

Hurricane Ida recently soaked the tri state area. According to CNN, the NYC and many local towns were never designed to withstand such flooding – and it showed. In addition to the massive property damage, at least 46 people died in the region.

Faced with underwriting losses, the commercial auto insurance sector continues to raise rates.

MarketScout reports that commercial auto insurance rates increased 9% in the third quarter of 2021, while umbrella coverage increased 11.7%. The composite rate for commercial insurance pricing was up 6.8%.

People need to eat, so the restaurant industry isn’t in much danger of extinction. That doesn’t mean it won’t evolve. Many factors – including new technology, changing social norms and the pandemic – are forcing restaurants to adapt. It’s survival of the fittest.

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.

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.

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.