How Social Inflation Is Driving Up Your Commercial Insurance Rates

Posted by John Cofini on Thu, Dec 05, 2019 @ 02:33 PM

We’ve seen some jaw-dropping liability claim settlements against big business in recent years. Just recently, corporate giant Johnson & Johnson was slapped with a whopping $8 billion products liability settlement for failing to sufficiently warn doctors of the side effects of the antipsychotic medication Risperdal.

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Tags: social inflation, commercial insurance rates

Cyber Risk Readiness: The New Normal for Business

Posted by John Cofini on Tue, Nov 19, 2019 @ 01:19 PM

Cyberattacks have become a part of daily life, but this doesn’t mean they’re becoming less of a risk. These days, no one is immune from the threat. Local governments are being hit with coordinated ransomware attacks, while the National Cyber Security Alliance reports that 25 percent of small- and medium-sized businesses file for bankruptcy after a cyberattack. To survive, your business needs to make cyber risk readiness the new normal.

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Tags: cyber risk, cyber risk readiness

Five Reasons Employment Practices Liability Insurance is More Important Than Ever

Posted by John Cofini on Fri, Nov 15, 2019 @ 12:11 PM

In today’s litigious environment, employers must have employee practices liability insurance. This important policy provides coverage for employee lawsuits over common claims, including harassment, discrimination and wrongful termination. It can cover legal costs including defense and settlements.

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Tags: employment practices liability insurance, employment practices liability

Contractors: Are You One Environmental Exposure Away from Bankruptcy?

Posted by John Cofini on Mon, Nov 11, 2019 @ 12:18 PM

It’s a lesson too many contractors learn the hard way… One pollution liability claim can ruin you.

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Tags: contractors environmental exposures, environmental exposures

Teen Driver Safety: Reminders to Share

Posted by Peter Lanza on Tue, Oct 29, 2019 @ 12:20 PM

Are your teens safe on the road? According to the NHTSA, 3,255 teen drivers between the ages of 15 and 19 were involved in fatal crashes in 2017. Remind your teens about safe driving best practices  frequently – you just might prevent a crash and save a life.

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Tags: teen driver safety

7 Ways Better Communication Can Boost Work Comp Outcomes

Posted by John Cofini on Mon, Oct 28, 2019 @ 05:47 PM

It only takes a split second for an employee to get injured on the job. A slip and fall. The careless handling of a power tool. Lifting gone wrong. There are almost endless ways your workers can be injured in an instant.

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Tags: workers’ compensation insurance, work comp

In Case of Fire, Does Your Family Have an Escape Plan?

Posted by Peter Lanza on Mon, Oct 21, 2019 @ 12:10 PM

It’s 3:00 in the morning and you’re suddenly awakened by the blood curdling screams of a family member yelling, “Fire!” Now the clock is ticking, and you may have less than two minutes to escape. Do you know what to do?

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Tags: escape plan, fire escape plan

What are Builder's Risk Insurance Policies and Why are They so Misunderstood?

Posted by John Cofini on Mon, Oct 14, 2019 @ 12:30 PM

One of the most complex aspects of any construction project is the insurance requirements. It can be a confusing pile of gobbledygook. And confusion can easily lead to misunderstandings and errors that cost project stakeholders time and money.

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Tags: builder's risk insurance, builder's risk insurance policies

Announcing BNC’s Fourth Annual Food Drive

Posted by Isabella R. Autorino on Tue, Oct 08, 2019 @ 12:34 PM

 

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Tags: bnc food drive, food drive

National Preparedness Month: Resources for Families and Business Owners

Posted by Todd Rockefeller on Wed, Sep 25, 2019 @ 12:30 PM

The pictures and tragic stories from the Bahamas following Hurricane Dorian have been heart wrenching. A tropical island paradise was turned to rubble in a matter of hours. Damage was estimated at over $7 billion, there were at least 50 deaths, and at least 70,000 people were left homeless.

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Tags: national preparedness, emergency resources