Insights

Keeping you up to date on industry trends so you maintain your competitive edge and provide timely, accurate coverages for your clients.

8 Reasons your Cannabis Clients Need Site Pollution Liability Coverage

8 Reasons your Cannabis Clients Need Site Pollution Liability Coverage

The cannabis industry is expected to see exponential growth over the next few years. Market experts project the industry to hit $45B in 2025 and up to $100B over the next 10 years. That growth will only be possible if growers, processors, laboratories and retailers are able to successfully mitigate risk. The various processes involved to take cannabis from seed to sale all have their own unique...

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2021 Trends for the Construction Industry

2021 Trends for the Construction Industry

As a whole, the construction industry saw a significant surge in the first quarter of 2020, raking in more than $900 billion. Then, the coronavirus hit and slowed some work and new contracts down. But even with the effects of the virus taking hold on the industry, the global industry outlook is set for a 3.2-percent growth this year, bringing...

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Workers’ Compensation Cannabis Class Code Roulette

Workers’ Compensation Cannabis Class Code Roulette

Determining the proper classification for cannabis businesses is not one you want to take a gamble on.  If you bet on a specific class code and it isn’t accurate, your client could suffer significant premium penalties at the time of an audit or worse – costly coverage gaps.

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Best Ways to Protect a Wine Collection

Best Ways to Protect a Wine Collection

Nothing sets the mood for a gathering of family and friends quite like the perfect wine. Are your clients taking the necessary steps to keep their wine collection safe for years to come? Wine enthusiasts invest a great deal of time and money into their collections, so it’s an asset that should be insured, much like any other valuable collection....

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What a Hardening Market Means for D&O in 2021

What a Hardening Market Means for D&O in 2021

Directors and officers might already have enough on their plate when it comes to navigating through the ongoing pandemic. But in 2021, they'll have to add one more challenge: directors and officers insurance. The market has become a hardening market in the last few years as movement like the #MeToo movement has only caused an increase in claims....

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Two Things Your Product Recall Requires

Two Things Your Product Recall Requires

If you clients have never experienced product recall, they may not understand the risks involved. You can be a great resource to your clients by mitigating that risk before it puts a strain on their resources. Minimizing the damage your clients may experience as a result of a product recall requires two things:  a comprehensive response plan a...

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Libations and Salutations: Restaurant Liquor Liability for the Holidays

Libations and Salutations: Restaurant Liquor Liability for the Holidays

The most important defense against liquor liability for your restaurant clients this holiday season is prevention through education. In addition to proper liquor liability insurance, it is imperative they create a liquor liability training program for staff members who serve alcoholic beverages. In these training sessions, employees should be...

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Who Really Needs Professional Liability Insurance?

Who Really Needs Professional Liability Insurance?

Every business in every industry faces its own set of unique risks. But for those who make their living offering a service, such as a contractor, an accountant, or a content creator, for example, dissatisfied clients can also end up presenting challenges and lawsuits. Any business or business owner who sells their expertise should consider...

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Stay Cool, but Not TOO Cool: Protecting Workers From Cold Stress

Stay Cool, but Not TOO Cool: Protecting Workers From Cold Stress

Promoting workplace safety has the dual benefit of protecting employees and simultaneously reducing the risk of Workers' Compensation claims. Improved safety procedures also lessen the frequency and expense of Workers’ Compensation claims.  When insurance agents advise their commercial clients about safety best practices, they are providing a...

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On the Road: Talking to Your Charter Bus Clients

On the Road: Talking to Your Charter Bus Clients

Having the proper charter bus insurance coverage at an affordable rate can make the difference between the success and failure of your client’s charter bus operation. When your charter bus clients are considered for a job, there are several things they should prepare to share to ensure the safety of the passengers. Safety record and rating. A...

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Why You Need Cyber Coverage

Why You Need Cyber Coverage

It is increasingly important to protect your client against cyber attacks, but the complexity and novelty of cyber threats make it difficult for both businesses and agents to make smart decisions regarding cyber coverage. Finding the right policy for your client starts by assessing their unique position and the risks most relevant to their...

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How To Avoid a Garage Keepers Legal Liability Claim

How To Avoid a Garage Keepers Legal Liability Claim

Business owners who operate dealerships, garages and auto repair shops are responsible for keeping their client’s automobiles safe while in their care, custody and control. To avoid paying out of pocket for any damage you cause to a customer’s vehicle while undergoing service or repair, it’s important to have Garage Keeper’s Legal Liability...

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Jencap Acquires Quaker Special Risk

Jencap Acquires Quaker Special Risk

Jencap a specialty insurance business, announced today that it has agreed to acquire privately-held Quaker Agency, Inc. T/A Quaker Special Risk and Quaker Insurance Agency of Massachusetts, Inc.(Quaker), a specialty program administrator and wholesale brokerage with offices in New Jersey, Massachusetts, Florida and North Carolina. The acquisition of Quaker is the tenth transaction by JenCap since its founding, and places the company among the largest specialty insurance distribution platforms in the U.S

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The Grass is Always Greener With Pollution Coverage

The Grass is Always Greener With Pollution Coverage

Pollution liabilities can impact almost all business types – and if not properly protected, the financial consequence of a loss could cost millions of dollars. Clean up expenses, litigation and fees add up quickly; and that doesn’t even factor in the risk to professional reputation and public image. It is essential that your commercial clients...

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Ocean Marine: 3 Ways Your Client May Be At Risk

Ocean Marine: 3 Ways Your Client May Be At Risk

There are inherent risks to water-based activity, and we aren't talking about sea monsters. When water is involved, exposure exists, and your clients need to be protected. Here are three areas of potential risk: 1. Exposure accumulation in shipping. Cargo policies have a set coverage limit to cover losses or damage to goods. However, delays are...

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4 Things Your Client Must Know about Contractor General Liability Insurance

4 Things Your Client Must Know about Contractor General Liability Insurance

For businesses that utilize subcontractors, Contractor General Liability (CGL) insurance is an absolute necessity.  If a subcontractor hired by your client’s business causes damage, your client’s business can be on the hook for financial compensation to the injured party - this is where CGL insurance comes in. CGL insurance coverage protects your...

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Come Fire or Flood… Why You Need Dealers’ Open Lot Insurance

Come Fire or Flood… Why You Need Dealers’ Open Lot Insurance

Dealers Open Lot insurance is essential for used auto dealers. Without it, businesses could end up on the hook for large losses if damage is caused to their fleet of vehicles. How does dealers' open lot insurance work? Dealers Open Lot (DOL) insurance provides auto physical damage coverage on a fleet of vehicles owned by a licensed auto dealer....

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When the Bull Sues the China Shop

When the Bull Sues the China Shop

If your client doesn’t have product liability insurance for their business, they shouldn't be in the business of creating products. Sounds like a bold claim, doesn't it? But let’s examine the facts as to why: In the event of an accident, it is up to the court to determine if negligence occurred and whether or not the manufacturer/seller should be...

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The Difference Between Excess and Umbrella Insurance

The Difference Between Excess and Umbrella Insurance

Businesses across all industries should be operating with adequate liability insurance coverage. This insurance helps these businesses pay for damages, which is money that is paid out to anyone who is injured in some way and for the expenses associated with the claim. But this type of coverage can be limited, only covering clients up to policy...

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The Benefits of Owner Controlled Insurance Programs

The Benefits of Owner Controlled Insurance Programs

Owner Controlled Insurance Programs or OCIPs (often referred to as “Wrap-Ups”) are insurance policies taken out by a property owner where construction is taking place. OCIP plans provide blanket coverage for the contractors and subcontractors working on the project to ensure that all eligible parties have sufficient liability coverage. Rather...

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