Grill and Fire Pit Safety

Grills and fire pits are common outdoor features in backyards across the country as well as at small multi-family...

Inside Builders Risk Insurance

Building owners and general contractors look to Builders Risk insurance to protect a project during construction against physical damage...

Inside Employee Theft Coverage for Community Associations

Community associations are typically required in their bylaws to carry Crime and Employee Dishonesty (Fidelity) insurance to protect the...

Why Commercial Umbrella Liability Insurance Is So Important for the Real Estate Sector

Slips and falls and customer injury rank among the top ten claims in the real estate industry. General Liability...

Hurricane Season: Understanding the New Normal

As each new year brings hurricanes with varying degrees of devastation, one thing is clear: the frequency and severity...
Real Estate
Grill and Fire Pit Safety
Real Estate
Inside Builders Risk Insurance
Community Associations
Inside Employee Theft Coverage for Community Associations
Real Estate
Why Commercial Umbrella Liability Insurance Is So Important for the Real Estate Sector
Real Estate
Hurricane Season: Understanding the New Normal
builders risk insurance
Real Estate

Inside Builders Risk Insurance

Building owners and general contractors look to Builders Risk insurance to protect a project during construction against physical damage due to fire, wind, theft, vandalism and other perils. It’s important for insurance brokers to ensure that the construction contract outlining the project and the coverage they secure work hand-in-hand. The construction contract provides the requirements for insurance coverage, along with indemnity provisions and waivers of subrogation.

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Employee Theft
Community Associations

Inside Employee Theft Coverage for Community Associations

Community associations are typically required in their bylaws to carry Crime and Employee Dishonesty (Fidelity) insurance to protect the money an association has in its operating and reserve accounts. The Employee Dishonesty portion of a Commercial Crime policy covers employee theft; for a community association this should not only cover board members but also volunteers, community managers, management company agents, and temporary and leased employees. In order for coverage to kick in, an employee dishonesty claim must be deemed a theft; i.e., embezzlement, check fraud, invoice padding, etc. Coverage would not be provided for loss of funds that were simply “lost” by an employee without the requisite intent to steal.

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Umbrella Liability insurance
Real Estate

Why Commercial Umbrella Liability Insurance Is So Important for the Real Estate Sector

Slips and falls and customer injury rank among the top ten claims in the real estate industry. General Liability coverage helps pay for legal defense and any settlements an insured faces in these and other types of lawsuits, but often the limits in underlying policies are not enough to cover catastrophic and unforeseen losses that today can run into the millions of dollars. In fact, larger trial verdicts—including in wrongful death lawsuits—are becoming more common.

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Real Estate

Hurricane Season: Understanding the New Normal

Hurricane season is approaching, and with it, a new reality when storms hit properties in its path. According to a recent report put out by Zurich North America, one of our key carrier partners, despite the overwhelming evidence of a “new normal,” communities are not taking broad action to protect their coastal areas and vulnerable properties and infrastructure. The risks remain high for property owners.

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D&O insurance
Community Associations

Why Community Associations Need D&O Insurance

The broad nature and fiduciary responsibility of a community association and its board members leaves an organization and each individual vulnerable to a host of liability lawsuits from residents and employees. Their responsibilities include everything from establishing an annual budget to collecting dues and fees, maintaining the common areas, and adopting and enforcing rules and regulations, etc.

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community association insurance
Community Associations

Ensure Clients are Risk-ready with Community Association Insurance

We took a look at the various exposures community associations face and put together a trifecta of coverages to help protect an organization’s bottom line. From the potential for a multi-million-dollar lawsuit stemming from a serious injury on the premises, to board disputes and allegations of discrimination and harassment that can jeopardize the assets of individual board members and the association itself, and employee theft that can drain the coffers of a community, our Community Association Combo insurance program is ready to respond with Umbrella, D&O and Crime insurance.

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cyberattacks
Hospitality & Restaurants

Hotels Are a Target for Cyberattacks

The last thing your hotel guests want to discover is that your computer system suffered a cyber breach and all their personal information was leaked. The hospitality industry continues to be a target for cyberattacks due to the wealth of e-info it amasses—credit cards, names, addresses, just to name a few. When a cyberattack hits, the damage can go from bad to worse: from stolen data and locked software to costly fines and major damage control of a brand name.

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cybercrimes
Community Associations

Community Associations Stepping Up to Prevent Cybercrimes

While community associations may tend to focus on the physical, concrete issues pertaining to their communities, a community’s risks in cyberspace are gaining widespread attention. And it’s warranted—more than half of all malware attacks target small businesses. And with cybercrimes racking up $100 billion in damages annually, it’s more important than ever to safeguard the data that community associations store.

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uncovered exposure
Hospitality & Restaurants, Risk Insight

Top uncovered exposure for a hotel may surprise you

Slip-and-fall injuries are undoubtedly the most common claims in the hospitality sector. But there is another hazard that is making a serious comeback—and is often an uncovered exposure in policies, resulting in costly losses. That risk is legionella, which can be found in water systems, like showers, pools, and fountains, and new bacterial outbreaks have been making headlines nationwide.

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fraud
Community Associations

How to Prevent Fraud in Your Community Association

What makes community associations a major target for fraud? To start with, it may be the misconception that only big businesses suffer from embezzlement or fraudulent practices. And when you factor in the self-managing nature of communities—and that neighbors typically trust neighbors—when money is stolen or mismanaged, it can lead to serious repercussions for everyone in the association.

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