Insights
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Jencap Welcomes Ben Beazley to its National Property Division
New York (December 01, 2022) – Jencap Group LLC (Jencap), one of the nation’s largest wholesalers, announced today that Ben Beazley has joined Jencap as Executive Vice President of National Accounts, Property. In this role, Beazley will focus on the development and recruitment of talent along with the overall growth of Jencap’s property capabilities and revenue. He will report to Mark Maher,...
PFAS: How “The New Asbestos” Will Affect the Insurance Industry
This past month, the Biden administration announced a three-year plan to regulate and reduce the use and spread of PFAS, while also doubling down on cleaning up PFAS already released into the environment. These toxic chemicals are widely used in many consumer and industrial products and are linked to numerous serious health conditions. Due to...
WTIS and Landmark E&S Rebrand to Jencap Specialty Insurance Services Inc.
øSAN FRANCISCO, CA. (December 6, 2021) – Wholesale Trading Insurance Services LLC (WTIS), a national wholesale brokerage firm, and Landmark E&S Insurance Brokers, LLC (Landmark), a company acquired by WTIS in 2020, both rebranded to Jencap Specialty Insurance Services Inc., a division of Jencap Group LLC (Jencap), effective December 1, 2021. ...
Risks and Liabilities of Social Media Influencer Marketing
Influencer Marketing is big business—with almost three-fourths of marketers expected to incorporate it in some way into their marketing plans this upcoming year. Although social influencer marketing can be a very effective way to build brand awareness and capture new customers, businesses should be asking themselves about the risks they introduce...
Major Cannabis Product Recall: Are You Covered?
This past Wednesday (November 17), Michigan’s Marijuana Regulatory Agency (MRA) announced a recall on marijuana products from two local cannabis testing labs—Viridus North and Viridis Laboratories. The MRA hasn’t released details yet about specific concerns, other than calling the lab results “inaccurate and/or unreliable” and warning that...
COVID is “Serving Up” Changes to Restaurant Insurance Needs
Faced with the harsh reality of closing their doors completely or making drastic changes to their business strategy, restaurant owners and operators reimagined their dining and service experience in 2020. Many of these changes introduce potential coverage gaps that insurance agents and brokers should be aware of, as they work alongside their...
Is Workplace Violence Covered Under Workers’ Compensation?
Workers’ Compensation covers medical expenses and lost wages for employees who become sick or injured due to a workplace accident. But what about cases of workplace violence, where the injury isn’t an accident? Determining if Workers’ Compensation provides indemnification for workplace violence isn’t cut-and-dry and requires careful evaluation of...
There’s a Policy for That: Seven Unique Items We’ve Insured
We’ve all heard the crazy stories about singers who insure their vocal chords or athletes that take out policies to cover specific body parts. But we’re willing to bet that some of the items Jencap and its affiliate companies have insured over the years will be news to you. You be the judge: 1. Thomas Jefferson’s Desk In 1801, Thomas Jefferson...
Protecting Your Business From a Mass Shooting
Mass shootings have been on the rise since the beginning of the COVID-19 pandemic, which is classified as an incident with at least 4 people injured or killed. According to non-profit organization Gun Violence Archives, 2020 saw 611 mass shootings, compared to 417 in 2019. As of mid-October, we’ve seen 570 this year. Consequently, there’s been a...
Workers’ Compensation, Occupational Accident Insurance, and Contingent Liability—What’s the Difference?
Despite all reasonable care and precautions, workplace accidents happen—someone makes a mistake, equipment malfunctions, Mother Nature plays a cruel trick. Companies go to great lengths to both ensure the safety of their employees and mitigate potential risks to their business. Depending on the circumstance, some of those measures might include...
Jencap Group Acquires Russell Bond & Co. Expands Services to Retailers in Upstate New York and the Northeast
New York, NY (October 7, 2021) – Jencap Group LLC (Jencap), announced today that it has agreed to acquire the assets of Russell Bond & Co. (RB), a full-service specialty wholesale brokerage and managing general agency (MGA) firm. RB will operate under the auspices of the Jencap Specialty Insurance Services division. The acquisition of RB...
The True Cost of Inflated Lumber Prices
Homeowner-hopefuls dreaming of their forever home may have to put those dreams on hold—or spend more than initially anticipated. Lumber shortages over the past 18 months and low housing inventory have made buying or building a new home far more expensive than what any of us could have predicted at the onset of 2021. And although some of the...
NIF Group Rebrands to Jencap Specialty Insurance Services Inc.
MANHASSET, NY (Oct. 1, 2021) – NIF Group (NIF), a national wholesaler and managing general agency based in New York, is pleased to announce a new name and brand identity. NIF will now operate as Jencap Specialty Insurance Services Inc. (JSIS), a division of parent company, Jencap Group LLC (Jencap). “This is our fifth affiliate company to be...
How Delaying to Report an Injury Hurts Employee and Employer
The moment an employee is injured on the job, the clock starts ticking for them to alert their employer and begin the process of filing a Workers’ Compensation claim. In most states, the deadline to submit a Workers’ Compensation claim to a company’s insurance provider is 2 to 3 years but varies by state. However, the deadline for employees to...
Jencap Names Bruce Peddle Division President of Jencap Insurance Services
NEW YORK (September 16, 2021) – Jencap is pleased to announce that Bruce Peddle has been named President of Jencap Insurance Services Inc. (JCIS) and will assume his new role on Jan. 1, 2022. JCIS is a recently formed division of parent company, Jencap Group LLC (Jencap), that is comprised of former affiliate companies MJ Kelly, Special Risks...
Fleet Industry Tries to “Weed” Out Risk Among Drivers Now Legally Allowed to Buy Marijuana
Although most states have legalized THC usage in some form, businesses are stumbling through a cannabis policy haze as they try to sort out what changing regulations mean for insurance lines like Workers’ Compensation (WC). A recent study from the National Bureau of Economic Research challenges the long-held concern that the legalization of...
Things You Should Never Say to Employees
If your commercial clients are insured through Jencap, they’ve got great coverage … but you still want to help them avoid situations where they’ll have to use it. In the workplace, there are many things employers can say that violate state and federal laws or can set them up for a future lawsuit. Even the most well-intentioned and innocent...
Jencap Announces Strategic Promotions to Company’s Management Team
NEW YORK (August 09, 2021) – Jencap is pleased to announce two strategic promotions to the company's management team. Kathryn Smith has been promoted to Managing Director of Marketing and Paul Orlando has been promoted to Managing Director of Sales. In their new roles, Smith and Orlando will oversee Jencap’s brand strategy and execution,...
Special Risks Facilities Rebrands to Jencap Insurance Services Inc.
Sterling Heights, MICH. (August 02, 2021) – Special Risks Facilities (Special Risks), an excess and surplus lines managing general agency with locations in Sterling Heights, MI and Peoria, AZ, is pleased to announce a new name and brand identity. Effective immediately, Special Risks will operate as Jencap Insurance Services Inc. (JCIS), a...
MJ Kelly Rebrands to Jencap Insurance Services Inc.
Springfield, MO (August 02, 2021) – MJ Kelly, a full-service managing general commercial insurance agency and wholesale brokerage company, is pleased to announce a new name and brand identity. Starting today, MJ Kelly will operate as Jencap Insurance Services Inc. (JCIS), a recently formed division of parent company, Jencap Group LLC (Jencap)....
6 Things Agents and Brokers Can Do to Boost Email Readership
Despite Mark Zuckerburg’s attempt to pronounce email as “dead” over a decade ago, it’s a marketing mainstay that’s here for the long haul. Email users in the United States are projected to grow to 81.2% of the total population by 2024. Even the social-media obsessed Millennials and Gen Zers have a death grip on their emails. But wait. . . if...
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