• 21
  • May2018

The Six Figure Exclusion

I recently presented our Diagnostic Insurance Coverage Review (Step three of our Unique Risk Strategy) to a prospective client, and something they said is still ringing in my ears. We found that the current agent had covered the client’s business personal property in their warehouse on their Ocean Cargo policy, which isn’t uncommon.  But what we

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  • 07
  • May2018

Compassion & Communication – Two Keys to Successful Outcomes in Workers Compensation Claims

There are multiple facets to managing worker injury claims, but one of the most important which is not found in any claim filing instructions are managing expectations through compassionate communications. It may seem odd to think about compassion in a business sense, but take a step back and think of the injured worker for a moment

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  • 06
  • May2018

What is Employer’s Liability

Most employers are familiar with their workers compensation insurance, it is a mandatory form of coverage in New York when you have employees.  But the policy is actually separated into two parts.  Part One covers the statutory obligations and employer has to protect workers when they are injured on the job, and Part Two known as

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  • 04
  • May2018

How Much is Enough Liability Protection?

A lot of prospects and clients ask me: "How much is enough liability protection?" It's not easy to answer, but we often recommend that in addition to primary general liability and auto liability limits of $1,000,000 or $2,000,000 that they should also consider at least a $1,000,000 umbrella policy. I say at LEAST one million, but would

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  • 03
  • May2018

Why You Won’t Find a Quote Engine on Our Website

I read an interesting article in the NY Times about how online quoting of insurance is squeezing insurance agents and their commissions. Disruption? The internet has certainly disrupted several industries and changed forever the way we purchase some goods and services. It wasn’t that many years ago that you actually went to a travel agency to

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  • 20
  • Apr2018

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 dollars

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  • 20
  • Apr2018

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 acts

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  • 13
  • Apr2018

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 losses arising from their acts,

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  • 13
  • Apr2018

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 on

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  • 09
  • Apr2018

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

[embed]https://youtu.be/F5T3JMQCUZ4[/embed] 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

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