When it comes to homeowners’ and condo association insurance, property managers have a lot on their plate. Not only do you have to decode and implement the advice of concerned insurance agents, but you also must communicate the resulting costs to potentially confused unit owners. Understanding the complexities of condo
Q1 Special Report DOWNLOAD REPORT AS PDF The insurance industry seems to agree on one thing for 2024: Massive rate increases are behind us. While clients who have experienced major premium hikes in the last several years should welcome this news, they will not see rate decreases anytime soon. In
In the construction industry, risk is part of the job. So, insurance isn’t just a precaution; it’s a huge financial consideration. With a hard insurance market and inflation driving up the costs of already expensive Workers’ Comp, Liability, and Auto insurance, your usually thin margins are probably being stretched to
Hoteliers are exposed to many risks when it comes to insuring their business. There are multiple considerations, including employees, buildings, and technology, that can represent significant exposures if not managed properly, and protected by the right combination of various hotel insurance coverages. Recently, I sat down with Byron Dowdy, CEO
As a small and medium-sized business (SMB) owner, running a business in our current inflationary economy is not easy with prices increasing. Unfortunately, with the current insurance hard market, premiums are also increasing, which especially negatively impacts smaller business. To help you mitigate your costs, in this post, we’ll share
As a hospitality business owner, you know that renovating your space is a great way to keep the atmosphere updated and inviting for current and potential customers, which helps grow your business. It also allows you to make structural upgrades needed for safety and efficiency purposes. However, there are many
DOWNLOAD REPORT AS PDF Q2 Special Report Commercial Property What we’re seeing As the first quarter of 2023 draws to a close, the commercial property insurance market continues to face headwinds that are expected to remain throughout the year. Natural disasters, higher reinsurance rates resulting from reduced capacity and market
Authors: Bruce Wilson and Scott Franzen The first cyber security policy was written in 1997. Then, about 10 years ago, the policies started gaining in popularity and became standard coverage in any risk transfer program. You don’t need to do too much research to find out why – open any
In recent years, construction projects have skyrocketed, as have the associated risks. With this activity and demand, surety bonds are more important than ever. A surety bond is a three-party agreement, where the surety assures the project owner that the contractor will fulfill the contract in accordance with the related
Having the right medical malpractice coverage is critically important for physicians, dentists, and other medical providers, as well as the groups and facilities where they practice. This coverage protects the provider’s reputation, personal finances, and their practice. We can help clients streamline their coverage needs and accomplish a cohesive defense
With the last two years of the pandemic dramatically impacting Senior Living facilities, there are new challenges, affecting how to best provide for their residents – and to protect themselves. That’s why the right coverage is crucial. Senior Living insurance specialists understand facilities and the unique risk challenges faced within