John Cofini

Recent Posts

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

What’s Happening Now in the NY Construction Market

Posted by John Cofini on Mon, Jan 24, 2022 @ 01:45 PM

What’s required, what’s banned and what’s changing now in New York construction? Here’s a look at the new laws, trends and issues impacting the NY construction market.

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Tags: new york construction market, NY Construction Market

Risk Trends in New York Construction

Posted by John Cofini on Thu, Dec 16, 2021 @ 12:58 PM

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.

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Tags: new york construction

What’s Happening with EPLI in New York? Key Developments and Trends

Posted by John Cofini on Mon, Dec 13, 2021 @ 02:00 PM

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.

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Tags: epli

Managing Risks in Today’s Commercial Auto Insurance Market

Posted by John Cofini on Fri, Nov 12, 2021 @ 11:37 AM

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%.

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Tags: commercial auto insurance, Managing Commercial Auto Insurance Risks

Ransomware Update: The Evolving Threat

Posted by John Cofini on Tue, Oct 19, 2021 @ 11:50 AM

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.

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Tags: ransomware, Ransomware Update

Construction Insurance Market Continues to Tighten

Posted by John Cofini on Thu, Oct 07, 2021 @ 02:05 PM

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.

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Navigating COVID At Work (Again)

Posted by John Cofini on Wed, Aug 25, 2021 @ 01:48 PM

The Delta variant is prompting a new wave of COVID restrictions. For businesses that are trying to reopen and get back to normal, this could create new employment practices issues.

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Tags: navigating COVID at work

Common Business Insurance Blind Spots

Posted by John Cofini on Mon, Aug 23, 2021 @ 01:26 PM

Most industries face similar challenges, but not all risks are created equal. A slight headache can easily escalate into a costly blind spot. Below are three of the most common insurance blind spots to watch out for.

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Tags: business insurance, business insurance blind spots

How Companies Can Limit Social Media Liability Exposures

Posted by John Cofini on Mon, Aug 02, 2021 @ 11:55 AM

Your company is on social media. Your employees are, too. Sometimes, this can go well. Your company gets free promotion, and your employees engage with your company and others. Other times, it can go very badly. Social media is creating serious liability concerns, and companies should make sure they’re limiting their exposures.

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Tags: social media exposures, social media