Insights

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

Consumption Lounges: A “Budding” Opportunity

Consumption Lounges: A “Budding” Opportunity

With public opinion warming and state legislation loosening around cannabis, a new type of venue is hitting the social scene. Cannabis consumption lounges—sometimes called cannabis bars—are popping up across states that have legalized recreational marijuana. Consumption lounges provide a new opportunity in a very promising market, yet they come with their own unique set of...

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5 Reasons Pollution and Environmental Claims Are Rising

5 Reasons Pollution and Environmental Claims Are Rising

Increasing natural disasters and folk hero icons like Greta Thunberg have recently made climate change a major topic in the media. Also increasing over the last few years are environmental insurance claims, while capacity is shrinking at the same time (Willis Towers Watson). According to Risk and Insurance, there are a few reasons for the rise in...

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FAQ Regarding Professional Liability Insurance

FAQ Regarding Professional Liability Insurance

Also referred to as errors and omissions insurance or an E&O policy, professional liability insurance is coverage for professional services such as accounting, medical or healthcare, and legal work from claims filed by their clients for acts of negligence. Many of the professionals working in these fields don't have an accurate understanding...

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How COVID Continues to Impact Construction Market

How COVID Continues to Impact Construction Market

The impacts of COVID-19 have stretched beyond the healthcare industry, impacting everything from computer security to construction. Those in the construction industry, whether supply chain vendors, contractors, developers, owners, and others, have all had their businesses affected by the pandemic. The varying requirements across the country for...

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Is a Large Deductible Plan Right For Your Client?

Is a Large Deductible Plan Right For Your Client?

A Workers’ Compensation large deductible plan provides the same coverage as a guaranteed insurance plan – in fact, it is a guaranteed insurance plan with a special deductible endorsement. The deductible size for these plans generally ranges from $100,000 to $1,000,000 per occurrence. Large deductible plans are not for every company, but some...

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5 Ways Insurance Should Adapt to Severe Weather Trends

5 Ways Insurance Should Adapt to Severe Weather Trends

2020 was an expensive year in natural disasters, contributing to a hard property insurance market. Unfortunately, expensive natural disasters are “trending” and expected to continue this year.  Less than normal winter rain and snowfall in regions of California lead experts to believe the state is in for a “worse than average” wildfire season,...

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What is Garagekeepers Liability & Who Needs It?

What is Garagekeepers Liability & Who Needs It?

When people bring vehicles to auto repair shops, garages, or towing companies for repair or maintenance, they trust these professionals to protect their cars from damage. As service providers, your clients are liable for the vehicles' safety while in their care. Unfortunately, accidents can and do happen, making both garage liability and...

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3 Benefits of Pay-As-You-Owe Workers’ Comp Plans

3 Benefits of Pay-As-You-Owe Workers’ Comp Plans

When you secure a Workers’ Compensation policy, premiums are determined by a company’s annual estimated payroll, which often ends up being inaccurate. It leaves many business owners needing a refund for overpayment or having to pay extra when they close out the year; especially service-based businesses with fluctuating staff, such as restaurants...

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Top 5 Solar Industry Trends for 2021

Top 5 Solar Industry Trends for 2021

While some industries are struggling in 2021 in the wake of the pandemic, renewable energy is expected to generate more revenue this year. Many new construction projects designed to help businesses move toward carbon neutrality were halted in 2020, and they’re expected to resume in 2021. In addition, the new Biden administration plans to bring...

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Jencap Company NIF Group Acquires Pacific Coast E&S Insurance Services

Jencap Company NIF Group Acquires Pacific Coast E&S Insurance Services

NIF Group, and its parent company, Jencap Group, announced today they have agreed to acquire the assets of Pacific Coast E&S Insurance Services (PCES), a specialty wholesale brokerage and MGA firm. The acquisition of PCES continues to expand Jencap’s overall growth as a specialty insurance distribution business, including managing general agents (MGA), program managers and transactional wholesale brokers.

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How to Protect Your Jewelry Collection

How to Protect Your Jewelry Collection

The earrings given to her during a memorable Christmas, the ring her grandmother gave her, or the watch he only wears on special occasions--besides being of high monetary value, jewelry pieces may have much sentimental value to your clients as well. They can insure jewelry for its value in case it’s ever stolen or damaged. However, what can they...

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The Struggles with Securing Transport Excess Liability

The Struggles with Securing Transport Excess Liability

Excess Liability Coverage--It’s something every trucker or trucking company needs, and right now, many are having a hard time affording it. … and sometimes finding it. Rates have risen an average of 10-15% every year since 2010, and unlike Jencap, some carriers won’t provide it anymore.  Experts say the pandemic has given insurance companies a...

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Up in Smoke: Insuring Cannabis-Related Businesses

Up in Smoke: Insuring Cannabis-Related Businesses

The sale of legal cannabis is projected to reach $20 billion within three years. With 33 states passing laws to legalize medical cannabis and 11 allowing recreational marijuana, the insurance industry is beginning to take notice.

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How To Cultivate Your Budding Cannabis Clients

How To Cultivate Your Budding Cannabis Clients

It’s challenging to keep up with the ever-evolving commercial insurance needs of the cannabis industry. Laws are changing – new business types and applications are entering the marketplace – classifications have blurry lines – and insurance coverage needs are a moving target.

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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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