Suppose your client’s construction company hired subcontractors to help renovate a multimillion-dollar home. During the renovation process, the arborist your client hired cut down a tree that fell the wrong way, causing extensive damage to the house. The homeowner...
Insights
Wildfire Insurance Costs are Heating Up
An average of 70,000 wildfires are set ablaze across the United States each year. What's even more steep is the rapid growth trend of the average insurance payout when a wildfire occurs. Take California for example: between the years of 1964 and 1990, the average...
Higher Construction Costs Lead to Increased Insurance Rates
The construction industry is facing their share of challenges lately. COVID-19-related shutdowns are causing ongoing product shortages. Supply chain disruptions are making it difficult to secure materials and leading to project delays. Soaring inflation is causing...
Jencap Launches Cannabis Site Pollution Liability (SPL) Insurance Program
New York (June 8, 2022) - Jencap Group LLC (Jencap) has launched an exclusive, niche program offering monoline Site Pollution Liability (SPL) for cannabis risks. The program is specifically designed for cannabis growers, processors, laboratories, warehouses, and...
CGL vs. Garage Liability Insurance: Which is Right for Your Client?
Suppose your client is an auto dealer with a large lot of cars for sale. While rearranging cars on the lot, one of your employees accidentally crashes one car into another. Is this damage covered? Auto businesses have unique risks and, therefore, need specific...
Secondary Perils on the Rise, Responsible for Growing Share of Disaster Claims
Natural catastrophes broke insurance claims records in 2021. Historically, primary perils – like earthquakes – have been weather events with the highest loss potentials, but secondary perils – including wildfires, rainstorms, and floods – have become more frequent in...
The Oil and Gas Industry’s Important Insurance Needs
Clients in the oil and gas industry have essential insurance needs, and there isn’t a one-size fits all package to cover all of the exposures that are present for those risks. Oil and gas businesses need General Liability to protect them from claims involving bodily...
Your Cannabis-Related Clients Need Proper Insurance Coverage to Mitigate Risks
Cannabis industry experts at BDSA Analytics project the global sales of cannabis will increase by 22% over last year’s figures, reaching $35 billion in 2022. The legal cannabis market is poised to grow 20-30% per year and is expected to reach $50 billion by 2026. As...
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...
5 Reasons Pollution and Environmental Claims are Rising
Environmental insurance (also known as Pollution insurance) provides coverage for loss or damages resulting from the unexpected release of pollutants, including claims for bodily injury, property damage, cleanup costs, and business interruption. It's important to know...
Exciting IoT and AI Technologies are Improving Truckers’ Safety
The trucking industry faces numerous challenges. Employee shortages mean less experienced drivers are on the road, which could negatively impact fleet safety and the ability to obtain insurance coverage. Fortunately, the industry is seeing the introduction of...
Russell Bond & Company Rebrands to Jencap Specialty Insurance Services Inc.
Buffalo, NY (April 4, 2022) – Russell Bond & Co. (Russell Bond), a full-service specialty wholesale brokerage and managing general agency (MGA) firm, is pleased to announce a new name and brand identity. Effective immediately, Russell Bond will operate as Jencap...
TRENDS & WHITE PAPERS
Preparing for the Future of Cannabis Insurance
Despite the growing acceptance and legalization of cannabis, it remains federally illegal in the United States, creating unique challenges for the industry. Jencap explores three possible future scenarios for federal cannabis reform and their impact on cannabis insurance.
WHITE PAPER | Q2 2023 | 7 MINUTES
Navigating the New Frontiers
of Professional Lines Insurance
CASE STUDIES | Q1 2023 | 7 MINUTES
Your Guide to Cannabis Insurance
TRENDS | UPDATED Q2 2023 | 6 MINUTES
How Climate Change is Shifting the Insurance Industry
WHITE PAPER | Q3 2022 | 17 MINUTES
Garage Gurus: Garage Coverage Explained
TRENDS | Q2 2022 | 3 MINUTES
Riding The Waves of Change Insurance Industry Outlook
WHITE PAPER | Q1 2022 | 3 MINUTES
LEARN MORE
MORE INDUSTRY TOPICS
Stay Informed
Want to receive information from Jencap on timely marketplace trends, hot new product and program launches, and valuable product expertise that will set you up to win? Sign up below to receive email communications from Jencap.