• 05
  • Dec2019

Extended LinkedIn Summary

Extended LinkedIn Summary
So, Who is Gordon Coyle?                   My LinkedIn profile gives a smidge of info about me, so I hope this post broadens that view. I am a third-generation owner of an insurance agency located in New City, NY (Rockland County) which was founded in 1929 by my grandfather Harry Coyle,

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  • 26
  • Nov2019

What is the New York State Insurance Fund or NYSIF?

What is the New York State Insurance Fund or NYSIF?
The New York State Insurance Fund is a quasi-government organization that was formed in 1914 to act as the “market of last resort” for worker's compensation in New York. Market of last resort means that if your business couldn’t find an insurance company that would sell you workers comp coverage, you would go to the NY

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  • 28
  • Oct2019

How Much Does Workers Compensation Insurance Cost in NY?

How Much Does Workers Compensation Insurance Cost in NY?
The cost of worker's comp is driven by several factors.  The two biggest factors are the business you’re in and your payrolls.  We’ll discuss this and other rating factors below. To start with, every worker's compensation policy is based on categorizing your employees into classification codes.  Class codes are a standardized description of job functions with

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  • 24
  • Oct2019

5 Problems with Worker’s Compensation in New York

5 Problems with Worker’s Compensation in New York
Right now, the marketplace for worker's compensation in New York is mostly stable and competitive but some issues do exist. Below are what we see as the Top 5 Problems with Workers Compensation in New York. #1. Healthcare Costs. As an employer, you have seen the cost of your employee benefit costs skyrocket. There are a

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  • 24
  • Oct2019

Distracted Driving in New York

Distracted Driving in New York
80% of U.S. Drivers with Cellphones use them while driving! Distracted driving is a problem in America. Almost 400,000 people are injured and almost 3,500 are killed in accidents every year involving distracted driving. I hope that it’s a conversation that is happening at dinner tables with youthful drivers on a repeated basis; but how often

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  • 20
  • Oct2019

Everything You Need To Know About D&O Insurance in NY

Everything You Need To Know About D&O Insurance in NY
D&O Insurance is Personal Net Worth Insurance D&O insurance, or more formally Directors and Officers Liability insurance in NY protects the personal assets of corporate directors, officers, managers, and other decision-makers as well as their spouses. We like to call it Personal Net Worth Insurance because that’s exactly what it does – D&O Insurance protects the

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  • 18
  • Oct2019

Phishing Attacks – A Cyber Security Guide

Phishing Attacks – A Cyber Security Guide
Phishing attacks are on the rise, and threaten the cybersecurity of firms large and small. The best defense against any type of cybercrime is education. Understanding the threat and having your employees understand the threat will help lessen the chances that hackers can infiltrate your network. Our guide on phishing attacks will help give you and

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  • 10
  • Oct2019

Everything you need to know about Workers Comp Rates in New York

Everything you need to know about Workers Comp Rates in New York
Okay, that’s a pretty broad headline, so I’m going to break down some of the major elements of how workers' compensation rates work in New York so you have a better idea of how it works and what’s critically important for you to know when making a decision on buying insurance. I'm not sure I'll hit

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  • 20
  • Sep2019

Hedge Funds – What is D&O Insurance?

Hedge Funds – What is D&O Insurance?
D&O stands for Directors and Officers Liability Insurance.  We like to call D&O insurance, decision making insurance and personal net worth insurance. Here’s why – most D&O claims for privately held firms stem from allegations that decisions made by the firm’s directors, officers, managers, members, GPs, and employees have caused an adverse financial consequence to the third

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  • 17
  • Sep2019

Hedge Funds – What is E&O Insurance?

Hedge Funds – What is E&O Insurance?
Add Content BlockE&O stands for Errors & Omissions insurance.....which is also known as Professional Liability.  Hedge funds commonly purchase E&O protection as part of a combined D&O / E&O policy.  Because a hedge fund's exposure to loss can be very similar between the two policy types, it's advantageous to purchase this as a combined policy.  For

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