Insights
Getting Speciality Insurance Coverage: How Lloyd’s of London Works
What happens when coverage needs fall outside of what a standard insurance carrier can offer? The surplus lines industry is important because it provides a market for insurance covering hard-to-place risks not written by the admitted markets. As such, non-admitted...
Do Artisan Contractors Need Insurance Coverage?
Artisan contractors are skilled workers who hail from a variety of industries. These trades include carpentry, plumbing, electrical, HVAC, masonry, roofing, and more. If you have clients who work independently, the last issue they want to face is an injury or property...
How Insurance Agents Can Support Policyholders Amid Fluctuating Construction Costs
Since the onset of the pandemic, there's been a surge in building materials costs – impacting construction and building prices. A combination of increased home projects, a shortage of construction workers, and mill closings have led to building material shortages,...
Why Businesses Should Be Concerned About Ransomware
As one of the most dangerous and popular types of malware, ransomware is a growing threat amongst businesses. In the U.S., over 4000 ransomware attacks happen daily. During these attacks, cybercriminals use phishing tactics and network vulnerabilities to access a...
How FEMA’s First Flood Insurance Update in 50 Years Will Affect Rates
In the wake of natural disasters, a pandemic, and supply shortages, higher insurance rates are everywhere. Many living in coastal areas or in flood zones can also expect to see higher rates to insure their homes under the Federal Flood Insurance Program. The Federal...
To Package or Not to Package Commercial Insurance Policies?
From phone, internet, and cable to insurance, everyone loves to bundle. It’s convenient to work with one form, one agent, and one carrier for multiple policies, and bundling everything into one package sometimes saves the insured some money. Business owners needing...
What to Do When A Construction Project Is Delayed
Pandemic-related supply-chain disruptions, manufacturing delays, and labor shortages are leading to building supply shortages and longer wait times for deliveries. 90% of contractors say plywood has been harder to come by, and 75% are finding vinyl siding harder to...
5 Traits of a Good Insurance Broker Partner
Having a good broker partner is essential to getting great rates and giving your clients and insureds stellar service. But how do you find one, or how do you know you have one? When evaluating a broker, there are a few characteristics you should look for in order to...
A New England “Insurance Legend” Says Goodbye: Hello to Retirement After 40 Years of Service
In New England’s insurance industry, everybody knows him and loves him; some even refer to him as “Hawk.” If you’re in insurance, it’s hard not to know Jim Hawkins, the senior vice president at Quaker Special Risk, since he’s been in the Boston-area insurance scene...
The Return and Rise of the Vacation Rental
After a year of people being cooped up inside their homes, they’re eager to flee the nest for a change in scenery. With over 35% of the U.S. population now fully vaccinated, many are willing to take a chance on travel and reuniting with loved ones they haven’t seen in...
