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Umbrella & Excess Liability Insurance

Litigation against New York business owners and entities can run into the millions of dollars from losses arising from simple slip and falls to auto accidents to product claims, which necessitates high limits of liability protection found in Umbrella & Excess Liability policies.  Umbrella & Excess Liability Insurance most often will provide at least one million … Read More

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What is Employment Practices Liability Insurance or EPLI?

Employment Practice Liability Insurance Often referred to as EPLI is a form of Management Liability protection and can be made part of a management liability portfolio policy, including D&O and other coverage parts; or can be written on a sand-alone policy form.  This coverage form protects the company leaders and decision makers from allegations of wrongful … Read More

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What is Professional Liability or E&O Insurance?

What is Professional Liability or E&O Insurance? Professional Liability Insurance, Errors & Omissions Insurance or E&O Insurance are common and interchangeable terms of insurance that cover a variety of professional occupations outside of the medical community.  Medical related professional policies are often referred to as malpractice insurance. Professional or E&O insurance protects those in professional businesses from … Read More

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What is Marine Insurance?

There are two major headings when it comes to Marine Insurance. The most common form that many business owners are familiar with is Inland Marine which covers property that is mobile in nature, but moves over land and is not water borne. The second form is Ocean Marine, often called “Wet” Marine and covers property … Read More

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The Dangerous Gap when Excluding Executive Officers from a Workers Comp Policy

Hi, I’m Gordon Coyle and today we’re going to talk about The Executive Officer Exclusion in the New York Workers Compensation Policy Okay, that’s a long title, but this is important.  In New York and in most other states employers have the option to exclude themselves from workers compensation.  Typically if your company is a … Read More

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The $11.5 Billion Problem with Ransomware

Ransomware will cost U.S. businesses an estimated $11.5 billion in 2019. Let’s break it down and talk about some of the basics. First, what is ransomware? Ransomware is a form of malware or malicious code which will infect a user’s computer and encrypt all of the data on that machine and typically on an entire … Read More

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Driving Down the Cost of Workers Comp by Understanding the Valuation Date

Why the valuation date in your workers comp policy is the most important date of the year. Now you may be saying “valuation date”?  I’ve never heard of that – what is it? Well the valuation date is day that all your workers comp payroll and claims information for the past three years is sent … Read More

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