With April well under way, people across the U.S. are finally starting to thaw out from the long brutal winter. Chicago reported the coldest winter in 30 years and the third snowiest on record according to WGN’s Chicago Weather Center blog. Here in the East, we’ve been dealt blow after blow of winter’s fury, with bitter cold and heavy snowfall in many areas.
For businesses large and small – from construction companies to freelance entrepreneurs – hiring subcontractors is the ideal way to bring in professionals with a particular expertise, expand in-house capabilities without the added overhead, or just keep up with a heavy workload. But there are pitfalls to hiring subcontractors you need to be aware of, and the days of sealing the deal with a firm handshake are long gone.
Most New Jersey and New York homeowners never imagine that their dream homes may become nightmare insurance claims. But unfortunately, that’s exactly what happens to some homeowners who insure their high value homes with standard homeowner’s insurance policies.
According to a new Chubb Public Company Risk Survey, nearly 1 in 4 public companies have been hit with a lawsuit. Yet despite the clear odds of being sued, more than 80% of public company executives simply don’t take the risk seriously.