In New York and throughout the Tri-State area, weather damage has become a growing problem in recent years. Hurricanes, flooding and other weather-related damage to property might have seemed to be relegated to warmer areas throughout the nation like Florida, Texas...
Insurance Coverage Defense
How landlords may lose coverage when insured by tenants
There are many different types of buildings that landlords own in New York. They may lease to residential tenants or commercial tenants. Which type of rental property they own and the type of tenant that they lease to affects the lease agreement. Residential rentals...
Insurer must pay entire settlement even if insured is defunct
As asbestos litigation across the country winds down, insurers are facing the issue of how to fund settlements when the insured has gone out of business. In a recent case in New York involving Liberty Mutual, the State Supreme Court Justice ruled against the insurer’s...
Questionable slip and fall insurance claims rose in 2019
Business and property owners must keep their property safe for customers and guests. But a recent report by the National Insurance Crime Bureau indicates that dubious slip and fall legal claims continued to increase in 2019. Property owners should take precautions so...
Insurance company’s refusal to pay may doom major retailer
It is a fundamental reality that any business in New York and across the nation must have a certain level of insurance to account for challenges that arise. People generally think this is related to an accident on the business premises, for a fire, theft or other...
Does your insurance cover against protests?
2020's Summer has been one of uncertain outcomes, health concerns and protests — the protests of which have impacted a great deal of economic activity. The impact includes the occasional property damage resulting from the more extreme instances of civil unrest. As...
The available tech that can help save construction workers’ lives
Some health experts believe that all workplace hazards are avoidable. While this is true to some extent, people who work in the business of insuring against risk know the likelihood of accidents is also unavoidable. Every business has an occasional accident, even if...
How to protect your company from workers’ compensation fraud
Many times, the reputation of companies has been on the line when workers get injured at workplaces. According to experts, workers' compensation law favors employees more than employers. Hence, employees are more likely to get compensated for medical benefits and lost...
Managing risk with a strategic plan
Whether starting a new venture from the ground up or working at an established enterprise, management teams in New York companies must oversee a variety of functions to ensure the health and success of the business. At every turn in today's ever-evolving marketplace...
Is active shooter insurance necessary?
The number of mass shootings in the country is very concerning. While some people respond to these incidents by protesting or reaching out to lawmakers, as a venue owner in New York, you may start to become concerned about the safety of your venue. What often gets...