Based on our analytics, these were the top read Blog Articles of 2015. We put a lot of time and thought into these. We are happy to see the dividends of our efforts. Every year business becomes more and more competitive which is why we must continue to educate and evolve if we are to […]
On December 18th, The New York State Department of Financial Services told the IIABNY that, where a liability insurance policy contains an automatic or blanket additional insured endorsement, certificates of insurance can name specific additional insureds, but only if the certificate refers to the specific endorsement that is conferring additional insured status. We stated in […]
We wrote this article to help folks understand what their options are when they want to return to the New York State Insurance Fund, usually because the private marketplace won’t provide coverage due to class of business or poor loss history. This is very common as the private sector in the New York State Workers’ Compensation […]
If you are like most small to mid-sized organizations (under $1 billion in sales) then you should be prepared to define these two terms and understand their consequences for your business. Risk Financing is a fancy term for insurance. Think equities instead of stock. Insurance, in its basic form, is the mechanism whereby an individual […]
I work with high risk businesses every day, and sometimes, when I think I’ve seen it all, something new comes around to surprise me. Many large construction projects will use a “Wrap” or an “OCIP/CCIP” (For more info on what this is, click here) for coverage. When many contractors get enrolled in these Wrap Programs, […]
The NCCI (National Council on Compensation Insurance), is a group that calculates Experience Modification Factors for companies across the entire United States. Some states have their own rating bureaus due to their size and complexity. For example, New York and New Jersey have the NYCIRB & NJCRIB respectively. For detailed explanation on what your Experience Modification Factor is […]
One of my favorite bloggers, Seth Godin, recently posted on his blog about Pitchers and Hitters. His main point was that those who pitch control the game by deciding what pitch is thrown, where, to who. That is why they make more money than any other position in baseball. Hitters by contrast react to what is […]
Do you ever wonder how successful people consistently achieve their goals? Have you unlocked why you achieve certain goals while others fall short? Do you want to transform goals to achievements? Many companies start the new year with new goals and aspirations, some of the most common being: Reduce Costs Retain Clients Increase Profits Improve Employee […]
I recently read a post by one of my favorite bloggers Seth Godin about planning & execution. The guy isn’t just prolific, he is usually spot on. In one of his recent posts he talked about the millions of hours companies all across the country spend with their teams planning and budgeting for the upcoming year. […]