Insights
Why You Need Inland Marine Insurance for Your Cargo’s Journey
If you thought that inland marine insurance is the policy equivalent of marine insurance, you’re not alone; these terms can often get confused with one another. While they share a common lineage in their names, their individual purposes and applications diverge significantly. Marine insurance is rooted in safeguarding goods during ocean transport;...
6 Cybersecurity Practices Underwriters Love
With more people now working from home, cybersecurity and having cyber coverage are especially important for businesses as cyber criminals have been taking advantage of situations created by the pandemic. With increased remote work, hackers are seeking out flaws in network security and targeting vulnerabilities in virtual private networks and...
The Post-COVID Coverages Your Financially Stable Clients Need
In the wake of the pandemic, people are making life changes, especially those who have the financial ability to do so, trying to best adjust to their “new normal.” With these major changes comes new risks and liabilities requiring different kinds of coverage. Here are some of the biggest changes your most financially stable clients are making and...
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,...
The Housing Market Flux: What New Policy Holders Want
With more people now working from home in the wake of the pandemic, homeowners are realizing some important things: 1) the house trait that used to bug them a little now bugs them a lot 2) in order to continue working and schooling from home, they may need a different living space 3) they’re now free to move someplace else since they work...
Get to Know E.J. Bradley
E.J. is a talented, rising employee who joined Quaker Special Risk at the ground level over seven years ago. He’s now an Assistant VP handling commercial lines and environmental coverage. What brought you to Quaker Special Risk? I knew Jim Andreoli, one of the vice presidents here. When I graduated from college in 2013, he talked me into joining...
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...
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...
5 Reasons to Get Flood Insurance if Not in a Prone Area
Recommending flood insurance to homeowners outside of floodplains can be tough. If they’re not in a prone area and not required to purchase it, they may not see the need or have trouble justifying the expense. However, there are a few reasons flood insurance is still the best option for these clients. 1. If a home is in a “low-risk” flood zone,...
Will Builders Risk Policies Cover COVID-19 Losses?
If mandated shut-downs didn’t halt construction projects on tight deadlines, other factors related to COVID-19 are impacting sites across the globe, causing delays and raising construction costs. If Sal the construction manager’s team of workers are still allowed to show up to work every day, his supplies may not. Stay-at-home orders and...
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....
Quaker Special Risk’s Appetite for Market Coverage
Are you hungry for a broker who can serve as a partner for your hard-to-cover risks? Quaker Special Risk delivers knowledgeable E&S Brokers with personalized, high-quality insurance products to retail agents. We have an appetite for four overarching markets: Commercial, Professional, Personal and Environmental. Our deep expertise in these...
Quaker Special Risk is the Largest Lloyd’s of London Partner in New England
From its beginnings in a coffee shop in 1688, Lloyd’s of London has been a pioneer in insurance and has grown to become the world’s leading market for specialist insurance and reinsurance. Lloyd’s has been a major force in the US insurance market for over a century. Throughout the long relationship, Lloyd’s has continuously provided American...
Quaker Special Risk, Powered by Jencap
The recent acquisition of Quaker Special Risk by Jencap LLC (Jencap) makes it part of a collection of elite companies operating in concert to provide comprehensive insurance solutions to their retail agency partners. Jencap is the sixth-largest wholesaler in the United States; totaling 10 companies with more than 40 offices and over 650...
Winterization: There’s Snow Place Like Home
Temperatures are dropping, leaves are changing, and you’ll be spending a lot more time indoors. Before curling up with a good book and a cup of hot cocoa, it’s important to make sure your home is prepared. Winterize your home now to save on energy costs and protect against cold weather-related damage. Give your clients peace of mind this season...
Medical Malpractice Coverage in a PPE World
Healthcare facilities and frontline workers face increased risks because of stress and possible COVID-19 infection along with rising malpractice litigation. Coverage is needed to protect your clients both internally and externally from malpractice claims. Internally, your medical clients may face litigation from staff who claim they were not...
Why It’s Essential for Your Clients to Have Cyber Liability Insurance
The need for Cyber Liability coverage isn’t limited to Fortune 500 and Global 2000 enterprises. Losses from data breaches and other cyber events impact businesses of all sizes across all industries, so it’s important to educate your clients on the ways Cyber Liability insurance protects them and covers their potential exposure. Your client may...
Unseen Dangers: Chimney Inspections
As cool weather returns, homeowners are using their fireplaces once again. Chimney maintenance is critical for protecting homes and those living in them. If a homeowner neglects regular maintenance, they increase their risk for expensive repairs and create a safety hazard. The importance of chimney maintenance: 1- Prevent carbon monoxide...
The Grass is Always Greener with Pollution Liability
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...
The Importance of Creating a Personal Property Home Inventory
If someone asked you to list every valuable item in your home, could you do it? What about the hidden treasures in your drawers, closets, and garage? The majority of people can’t. This is why a complete home inventory is important. Having an inventory of your personal property is essential for both you and your insurance company if your home is...
Protecting Your Clients During Hurricane Season
The Atlantic hurricane season, running from June-November, has already caused almost $15 billion in damages this year. A typical year would expect to see around a dozen named storms, six hurricanes, three qualifying as major hurricanes (category 3 and above). The 2020 season looks more extreme. Experts predict greater than 24 named storms,...