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.

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.

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.

Life in New York may be returning to normal soon. Governor Cuomo announced that most remaining COVID-19 restrictions would be lifted once 70% of adults in the state received their first dose of the vaccine – a goal that Gothamist says has now been reached. On June 15, Cuomo confirmed that “virtually all” restrictions would be lifted immediately, according to Business Insider.

Construction costs are surging. As a result, rebuilding is much more expensive than it used to be – and that means that property insurance policies may need to be adjusted for higher limits. Homeowners and business orders should act now to make sure their property is fully protected.

If your car unexpectedly fails an emissions tests, make sure it still has a catalytic converter.

Last weekend, Team BNC participated in a virtual 5K event to support Blythedale Children’s Hospital. This event raised $36,174 to support Blythedale’s parent and caregiver training program. Here are some pics of our walkers!

After a tough year, the U.S. economy is continuing to show signs of recovery. Coronavirus cases are falling, vaccination numbers are still rising, unemployment claims are down, business investment is up, and confidence among corporate leaders is high. Economists surveyed by the Federal Reserve Bank of Philadelphia predicted U.S. output will increase 4.5 percent this year, which would make it the best year since 1999.

Here at BNC Agency, we’re keeping our finger on the pulse of the issues impacting the New York construction industry. Here are some of the latest developments to watch.