Insights

The Most Common E&S Commercial General Liability Classes

The Most Common E&S Commercial General Liability Classes

Protecting businesses is a top priority. Admitted, or standard insurance companies, may be hesitant to cover businesses that have hazardous working environments, use dangerous equipment, or have a history of claims. Obtaining Commercial General Liability coverage from the Excess and Surplus (E&S) marketplace may be the only option available. When it comes to unique and higher-than-normal...

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DO YOU USE YOUR SMARTPHONE FOR EVERYTHING? HOW SECURE IS YOUR INFORMATION?

DO YOU USE YOUR SMARTPHONE FOR EVERYTHING? HOW SECURE IS YOUR INFORMATION?

We pick up our smartphones dozens of times a day to perform actions that range from looking at friend’s photos, paying bills, or checking our bank statements. But, we often do not think enough about the security of the information that we send. Developing good security habits can keep your information safe, and prevent costly and inconvenient...

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ARE AMERICANS BECOMING MORE HEALTH CONSCIOUS?

ARE AMERICANS BECOMING MORE HEALTH CONSCIOUS?

Frightening headlines about obesity, heart disease, diabetes and other lifestyle-related illnesses are increasing. While many people may look at headlines and despair, there is a great deal of reason for hope. Evidence shows that many Americans are becoming more health conscious and adopting habits that will help them stay vibrant and active...

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WINTER WEATHER MAINTENANCE- WHAT IS YOUR RESPONSIBILITY?

WINTER WEATHER MAINTENANCE- WHAT IS YOUR RESPONSIBILITY?

Winter weather doesn’t just mean bundling up against the cold. It also means additional responsibilities for property owners. Make sure that you keep up on maintenance tasks like the ones below to keep your properties safe: Inspect trees for hazards. High winds and the weight of snow can take down limbs and present a hazard. Remember that each...

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HEALTHY HABITS FOR THE NEW YEAR

HEALTHY HABITS FOR THE NEW YEAR

The start of a new year is the perfect time to add healthy habits into your life. About 40% of US adults make some sort of New Year’s Resolution every year. Not sure where to start with a positive life change that can yield some healthy dividends? Consider any of the following new habits: Do some strength training once a week. A vague commitment...

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MARKETING TIPS FOR THE NEW YEAR

MARKETING TIPS FOR THE NEW YEAR

Digital marketing has become essential for businesses in virtually all industries and niches. It is vital that you and your team are well-informed of the ways that your prospects look for information to help them make decisions. In the new year, work on these areas to build rapport with prospects and increase your conversion rate. Develop a...

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6 FACTORS TO CONSIDER BEFORE RENTING YOUR PROPERTY DURING THE WINTER SEASON

6 FACTORS TO CONSIDER BEFORE RENTING YOUR PROPERTY DURING THE WINTER SEASON

When you are away for the season, it makes sense to make your unoccupied property work for you. To ensure rental income is a net positive instead of a liability, make sure you take these considerations into account: Is your home in good condition for renting? Any needed repairs and updates should be in place before you start looking for renters....

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WHAT’S THE REAL PROBLEM WITH RANSOMWARE?

WHAT’S THE REAL PROBLEM WITH RANSOMWARE?

When hackers successfully encrypt the computers of a large public company, the media pays attention.   In 2016, around $1 billion in ransomware payments were paid, over four times as much as was paid the year before. It’s likely that 2017 will see an even higher number.  There is no doubt that ransomware demands will continue to increase. While...

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ARE YOU PROTECTING YOUR VACANT PROPERTIES?

ARE YOU PROTECTING YOUR VACANT PROPERTIES?

Properties become vacant or unoccupied for a number of reasons…Tenants move out, elderly owners pass away, prior owners list the homes for sale, etc. The number of vacancies tends to increase as the economy gets tougher as well. Whether it is a large commercial building or a small single-family dwelling, being aware of the potential hazards...

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CONSIDER THIS BEFORE INSURING YOUR NEXT HIGH VALUED HOME

CONSIDER THIS BEFORE INSURING YOUR NEXT HIGH VALUED HOME

When it comes to high net worth clients, things can get complicated. But properly insuring their homes doesn’t have to be… It is our responsibility as insurance agents and brokers to educate the homeowner on ways to protect their largest asset. Homes that have a Replacement Cost over $1,000,000 are considered “High Valued”. However, Replacement...

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LLOYD’S CLAIMS HANDLING

LLOYD’S CLAIMS HANDLING

When coverage is bound with Underwriters at Lloyds, London, several syndicates share a percentage of the total risk. The syndicates which bear the largest share of the risk are called the “leads” or “co-leads” depending on how many syndicates share a particular portion of any given risk. Quaker Special Risk has delegated authority for Lloyds’...

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THINK YOU DON’T NEED CYBER INSURANCE? THINK AGAIN.

THINK YOU DON’T NEED CYBER INSURANCE? THINK AGAIN.

If you are a business owner whose business is something other than information technology or network security, cyber insurance may seem unnecessary. Network security may seem like something you can just hire someone else to worry about. If you have even a single computer that is used in the course of running your business, however, you are...

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SPEND YOUR MONEY WISELY: A HOMEOWNERS GUIDE TO ROOFING MATERIALS

SPEND YOUR MONEY WISELY: A HOMEOWNERS GUIDE TO ROOFING MATERIALS

A roof replacement is one of the most expensive maintenance tasks homeowners will face. It’s important to make the most of every dollar spent on a new roof. The following roofing materials offer the high quality and durability that will serve you well for many years to come. Reflective shingles Also known as cool roofs, these shingles reflect...

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IMPACTED BY MALWARE? HOW TO MINIMIZE LOSSES DURING A RANSOMWARE ATTACK

IMPACTED BY MALWARE? HOW TO MINIMIZE LOSSES DURING A RANSOMWARE ATTACK

If you are not prepared, ransomware can be expensive. When one law firm was attacked, the total cost added up to $725,000 between the paid ransom and lost business. The attack began when a lawyer at the firm opened an infected attachment, which infected the firm’s entire computer network. To get their encrypted files back, the firm had to...

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DON’T LET HACKERS FOOL YOUR EMPLOYEES! 5 TIPS TO KEEP IN MIND

DON’T LET HACKERS FOOL YOUR EMPLOYEES! 5 TIPS TO KEEP IN MIND

When just one employee’s system is compromised, it can put your entire business at risk. Good security is a must! Even with good security software, end users must remain vigilant in order to keep bad guys out. To keep your business and your data safe, keep the following in mind: Always keep OSes and anti-virus programs up to date. Hackers find...

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EVERYTHING YOU NEED TO KNOW ABOUT LLOYD’S OF LONDON

EVERYTHING YOU NEED TO KNOW ABOUT LLOYD’S OF LONDON

Lloyd’s of London is one of oldest and best known insurance entities. Lloyd’s is not an insurance company, rather it is an insurance market that is overseen and regulated by the Lloyd’s Company. This company makes it possible for those with complex risks to find the coverage  they need. History of Lloyd’s of London In the 1600s, London’s...

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WHAT IS THE IMPORTANCE OF CARRIER RATINGS?

WHAT IS THE IMPORTANCE OF CARRIER RATINGS?

Business owners and consumers want to make sure that the insurance company they choose has the financial strength to handle their claims. To help individuals and businesses make good decisions, independent third party entities evaluate insurance companies to test their ability to serve their customers. These carrier ratings tell which companies...

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GET TO KNOW THE QSR EMPLOYEES

GET TO KNOW THE QSR EMPLOYEES

Since 1981, The MA office of Quaker Special Risk has been helping agents and brokers throughout New England develop unique insurance coverages for their clients. Quaker Special Risk is one of few Privately-Owned Surplus Lines brokers in the US. We are Independent, allowing us to be flexible & quick to adapt in the ever-changing E&S...

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5 TIPS FOR DEFENDING AGAINST THE DIFFERENT TYPES OF MALWARE

5 TIPS FOR DEFENDING AGAINST THE DIFFERENT TYPES OF MALWARE

In a world where computer use is necessary and ubiquitous, cyber criminals are always on the lookout for ways to exploit your resources and your data. Malware, ransomware and viruses cause millions of dollars in losses every year. Here are a few tips to help your clients avoid becoming a victim: Install a firewall on your computer. Firewalls...

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