Risk Management: Preventing Black Ice

You don’t know it’s there until you or someone slips and falls. This is the scariest part about black ice… The chances of you slipping on black ice areso much higher than on regular ice covered pavements. If someone were to fall on your property, you can be held legally responsible for their injuries. To avoid these types of potential law suits, here are some important safety tips from our partners at Chubb Insurance:

Shovel/ plow snow towards lower leveled plains, so there is no snow melt runoff.
Position your gutters so that it drains into planted areas, or into a water drainage system and not onto sidewalks or driveways
Don’t wait for the temperatures to drop to start putting down salt, sand or ice melt. Place the substances down before the freezing may occur.

We also suggest that you review your liability coverage with your independent insurance agent to be sure you have adequate protection as accidents do happen.

The Best Life Insurance Policies for 50-Year-Olds

By Team Member | April 18, 2024 | 0 comments

Why is life insurance more expensive for people over 50? The older we get, the more expensive life insurance becomes due to rising mortality rates. Also, the longer we live, the greater the likelihood that health events will occur. Cardiovascular fac...

Are Business Premiums Tax Deductible? (Garden City, NY)

By Team Member | April 12, 2024 | 0 comments

Every business owner wants to make sure they take advantage of all the tax deductions that they can. And a common question regarding business insurance is whether or not premiums are deductible. To start with – we all know that taxes are a comp...

Pitfalls in Cyber Insurance Coverage and How to Avoid Them

By Team Member | April 9, 2024 | 0 comments

Cyber insurance serves as an effective safeguard against a cyber attack by providing time-critical resources and indemnifying your organization for losses. While it’s essential to cover the direct costs associated with a data breach or ransomware a...

Mitigating Cyber Risks of Human Error

By Team Member | February 15, 2024 | 0 comments

Still, it’s been the same way for 10 years. People are what get breached, not systems for the most part for businesses. Especially small to mid size businesses. It’s the people that are breached through some type of process, be it phising...

How Much Business Interruption Coverage Do you Need?

By Team Member | February 15, 2024 | 0 comments

You’re gonna have to take into account your revenue and expenses and you’re gonna have to boil that down to one simple number. You’re gonna have to say, ok, if my business is down for X number of days, what does that cost to me as a...

Cyber Insurance Sub-Limits on Wire Transfer Fraud Coverage

By Team Member | February 14, 2024 | 0 comments

Just to clarify – social engineering, sometimes it’s called funds transfer fraud. In layman’s terms, wire fraud is used often to describe it. I call it the 21st century con. It’s a 21st century digital con. It’s when som...

What is Business Interruption in a Cyber Insurance Policy?

By Team Member | February 13, 2024 | 0 comments

So business interruption indemnifies your firm for loss of income caused by a cyberattack – that shuts down your network, software applications or hardware. And it will also pay for extra expenses, which are additional costs you might incur whi...

Does Cyber Insurance Cover Reputational Harm?

By Team Member | February 13, 2024 | 0 comments

Reputation is so important. In fact, we sometimes find that the financial loss due to the reputational damage can be greater than the direct costs associated with a breach. There’s a reason why cyber attacks are believed to be highly under repo...

Does your Cyber Insurance Cover Business Interruption Caused by a Cyber Attack on a Service Provider?

By Team Member | February 6, 2024 | 0 comments

It’s a good question. You know, these days it is important because we’re outsourcing a lot more of our technology, our business processes than we’ve ever done before. We’re a lot more dependent on our suppliers and service pro...

Why Choose An Independent Agency (Garden City, NY)

By Team Member | January 10, 2024 | 0 comments

Have you ever gotten a craving for ice cream? Loaded up the family and driven to the vanilla store? Of course not, because why would you go to a shop that just has one flavor when you can go to one that has 31? Believe it or not, this is the case wit...