toxic stamp red

Why NY Construction Insurance May Be Toxic To Your Profits

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Why NY Construction Insurance May Be Toxic To Your Profits I was having a beer with a friend of mine at a golf outing recently. He’s an accountant in the construction practice group at a major accounting firm. I told him the story about a…
train-tracks divide

Why The Commercial Insurance Marketplace Fails Your Business

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Simply put, the insurance claims goals between most commercial insurance buyers and the carrier / brokers heretofore named the insurance marketplace are misaligned. The goal of a savvy insurance buyer is to transfer as much risk to the…
Department of financial services

Follow-Up: NY State OKs Naming Entities as Additional Insureds Where Status is Blanket

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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…

Working on a Wrap Project: You're Not As Protected As You Think

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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…

The “Perfect Storm” Liability Exposure for Owners/Developers & Contractors

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There is a contractual issue and an insurance issue which, together, combine to create a “perfect storm” liability exposure for Owners/Developers and Contractors. The exposure begins with the contracts you sign.  Most state the contractor’s…

How These Companies Experience 48% Less Safety Incidents

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I had the opportunity to listen to Tony Robbins speak for the first time this past month. He spoke for nearly 3 hours about the power of “engagement” and how it can help you gain a competitive edge in both your business and personal…
total cost of risk

The Two Biggest Mistakes Businesses Make When Purchasing Insurance – Part I

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Whether you are a business owner, CFO, or the lead operational muckety-muck, you get a pit in your stomach when it’s time to renew your company’s insurance program—a common theme we have heard in 20-plus years consulting with businesses…

6 Commercial Insurance Myths It's Time to Debunk

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We hear misconceptions every day regarding commercial insurance. It's no one's fault really as commercial insurance can be extremely complex, and organizations with complex insurance are truly underserved by the insurance community. We've been…
Personal Protective Equipment

Supervisors And Personal Protective Equipment

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Supervisors are one of the most important components to a tight workers compensation program. If a hazard is reported in the workplace, it is the supervisor's job to rectify it and do everything possible to protect his/her workers. Hazards…