Cybercrime victims lost more than $1.4 billion in 2017, according to the Internet Crime Complaint Center (IC3). IC3 received more than 301,580 complaints last year, an increase from 298,728 complaints in 2016. In fact, the number of complaints has been steadily increasing each year since 2013.
Read MoreNew York Business Insurance: 7 mistakes to Avoid
Posted by Noff Colabella on Wed, Jan 18, 2017 @ 01:32 PM
As a business owner, the New Year is a busy time for you with end of year recordkeeping, employee benefits issues, evolving compliance regulations, and a long list of other responsibilities. And this year, we have a new President and administration coming onboard that could shake things up again.
Read MoreTags: new york business insurance, business insurance mistakes
Slips, trips, and falls: A double threat to your New York business insurance
Posted by Noff Colabella on Mon, Feb 15, 2016 @ 02:55 PM
Running a business today is a constant juggling act. And with the risks becoming increasingly complex and costly with threats such as cyber theft and employment practices lawsuits, it’s easy to overlook the little things – like simple slip, trip, and fall hazards.
Read MoreAre you ready for the season of ghosts and goblins? As a business owner, you don’t have to wait for Halloween to roll around to find things that go bump in the night. You deal with spooky risks all year round. And there’s a growing and particularly ghoulish risk you need to be on the lookout for: ADA lawsuits.
Tags: business insurance, new york business insurance, New York risk management, ADA lawsuits
Is there a light at the end of the tunnel of asbestos litigation?
Posted by John Cofini on Fri, Sep 12, 2014 @ 12:27 PM
It’s been almost 40 years since the first asbestos personal injury lawsuit was filed. Since that time, asbestos litigation has become the longest-running mass tort in U.S.history, costing companies billions of dollars and driving many of them into bankruptcy.
Tags: new york business insurance, asbestos litigation, asbestos personal injury lawsuit, mesothelioma
7 steps to a stress-free New York workers’ compensation audit
Posted by John Cofini on Wed, Jul 23, 2014 @ 11:25 AM
As a business owner, any time you hear the word “audit,” it’s likely to push your stress level up a notch. Whether it’s the IRS, an insurance auditor, or some other agency poking through your records, an audit can be a nerve-racking and inconvenient experience for your company.
Tags: new york business insurance, New York workers’ compensation, New York safety group
How will flood insurance updates affect New York and New Jersey homeowners?
Posted by John Cofini on Wed, Jul 16, 2014 @ 10:44 AM
When Hurricane Sandy slammed into the east coast in October 2012, few could have predicted the massive devastation. New York City saw a record storm surge of water and widespread flooding. Over 7.5 million businesses and households in fifteen states and the District of Columbia were plunged into darkness without electricity. Kinetic Analysis Corporation estimated the overall economic impact from Sandy could be as high as $25 billion.
Tags: new york business insurance, flood insurance, flood insurance updates, flood insurance premiums
Landscapers Insurance: Would You be Covered in These Risk Scenarios?
Posted by John Cofini on Thu, Jun 26, 2014 @ 01:26 PM
If you own a landscaping business, you know that your labor-intensive work comes with great risks. Just one lawsuit by a disgruntled customer or injured bystander could drain your business assets.
Tags: New York construction insurance, new york business insurance, landscapers insurance, new york landscaping insurance, insurance for landscaping companies, landscaping risk management
NY business risk management: Plan a win-win summer internship
Posted by John Cofini on Wed, Jun 04, 2014 @ 01:09 PM
It seems like the perfect solution. You could use some extra help around your business this summer, and there are young workers out there eager to learn and gain experience in the workplace. So you decide to offer a summer internship. Simple enough, right?
Tags: new york business insurance, NY business risk management, managing summer internships, fair labor standards compliance
Asbestos insurance claims still lurking – and evolving
Posted by John Cofini on Thu, May 22, 2014 @ 02:16 PM
For decades, the link between asbestos exposure and serious health issues has been well known. And asbestos litigation – the largest mass tort in U.S. history – isn’t showing any signs of slowing down.
Tags: construction insurance, New York construction insurance, new york business insurance, risk management, asbestos insurance claims