Executive Summary: In this article we focus on understanding indirect loss costs and how they impact a firm’s bottom line. Indirect loss costs are well established in the Fortune 500 world, but they don’t get much attention in the middle market, which is a shame. Indirect costs are just as significant (if not more … Read More
Several changes are on the immediate horizon for New York Employers when it comes to sexual harassment training and documentation. This document New York Fair Employment Laws will give you a broad overview of the employment issues in New York State and New York City coming up in October. The most notable requirement is that this … Read More
How I discovered and codified The Strategic Risk Process. In 2017 I was in the second year of my membership in The Strategic Coach program (an entrepreneurial coaching program) and I was challenged to discover and qualify what my “Unique Ability” was. As Strategic Coach describes it, Unique Ability is a superior skill or talent … Read More
In the past we have written about the need for every business, regardless of size, to have a risk transfer plan in place and to be strategic about indemnity agreements. To understand this a bit further, let’s first define in basic terms what each of these elements of the conversation are. Let’s start with risk … Read More
Action Over Liability Exclusions Hi, my name is Gordon Coyle and today we’re going to talk about what an action-over claim is or what an action over third-party liability exclusion is in your general liability policy. Action-over issues are misunderstood by a lot of contractors and insurance brokers in New York. It’s a pretty confusing … Read More
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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