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The FBI reported costs of about $40 billion each year due to insurance fraud, excluding health insurance. This is a staggering number. Knowing how to identify insurance fraud is essential to avoiding scams and stopping them. Staged accidents One of the most notorious...
The assumption of risk plays a key role in liability claims. When someone willingly engages in an activity despite knowing that it has a certain level of risk, they might sacrifice any liability claim in the event of an accident. Some product liability cases weaken as...
As those lazy days of summer start to get shorter ask yourself the following questions. “What happened to the Yankees?” and “When does football season begin?” I guess it’s all about those expectations. Speaking of expectations, below are cases which merit your...
While you are trying to grow your small business, remember to protect it with liability insurance. If someone sues you for negligence and injuries, you will need to pay for the cost of defending yourself in court and potentially paying for their damages. When you face...
Guess who’s back? We hope that you have had a relaxing summer so far, whether it be hitting the beach or enjoying the Barbie-Oppenheimer double feature. For some of us, the last two months have been a little less thrilling as prepping for the bar exam was the one and...
While you may proactively obvious business risks like theft or cyber attack, protecting against premises liability does not always get enough attention. Corporate signage is an injury and damage liability. When not properly maintained, the sign can fall and lead to...
For businesses in New York, protecting against defective product claims is a critical aspect of operations. Accusations of selling or distributing faulty products can have severe legal and financial consequences, damaging a company's reputation and bottom line....
As the proprietor of a store, restaurant or other business accessible to the public, you must maintain a safe property. Accidents can happen no matter how careful you are, but certain precautions can help you avoid a costly settlement if an injury occurs. Proper...
As a hotel owner, you likely understand that premises liability claims are inevitable when a guest sustains an injury. You might have many precautions in place to protect your business and your finances from a premises liability claim, but you might not expect a...
The New York State Bar Association notes that state law requires insurance carriers to negotiate contracts in good faith. As described by Insurance Journal, acting in good faith also means that both parties provide truthful information. Individuals or businesses...
