John Cofini

Recent Posts

Hardening Insurance Market – The Importance of Preparing Now

Posted by John Cofini on Tue, Feb 11, 2020 @ 09:00 AM

Businessowners should get ready for a more challenging insurance environment. The insurance market is showing signs of hardening, and this could make obtaining coverage more difficult for businessowners. Hard markets aren’t unusual, however, and there are steps you can take to minimize the impact. The key is to start preparing now.

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Tags: hardening insurance market

Are You in Compliance with New Wage and Hour Laws?

Posted by John Cofini on Wed, Jan 15, 2020 @ 04:35 PM

Labor represents a significant expense for many businesses. Keeping labor costs under control is essential. At the same time, businesses must follow all local and federal wage and hour laws. Many of these laws have recently changed, and missteps can lead to expensive lawsuits. 

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Tags: new wage and hour laws, wage and hour laws

Construction Industry Roundup

Posted by John Cofini on Thu, Jan 02, 2020 @ 07:43 PM

What do high-tech wearables, bird-friendly windows, and ancient ruins have in common? They’re all part of today’s evolving construction industry. In this week’s blog, we’ve tapped our sources to bring you some recent developments in the industry to keep you informed. Here are just a few.

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Tags: construction insurance, construction industry roundup

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

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

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

Construction Industry Haunted by Wage and Hour Violations

Posted by John Cofini on Thu, Sep 19, 2019 @ 01:49 PM

The construction industry has a problem. A big, expensive problem. Wage and hour violations continue to plague the industry.

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Tags: construction industry wage and hour violations