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Professional Liability Insurance for Contractors: The Basics

Professional Liability Insurance for Contractors: The Basics

by Sean_Callanan | Jul 5, 2024 | Business Insurance, Insights

Professional liability insurance, which is also called errors and omissions (E&O) insurance, protects professional service providers against claims of negligence, mistakes or failure to perform professional duties. If you are a contractor who provides design...
Can Labor Costs Be Depreciated When Calculating Actual Cash Value of a Covered Loss in Property Insurance?

Can Labor Costs Be Depreciated When Calculating Actual Cash Value of a Covered Loss in Property Insurance?

by Sean_Callanan | Jun 28, 2024 | Insights

Commercial property insurance will reimburse you for direct physical loss to covered business property caused by a covered peril within your policy period. There are two basic types of coverage for property damage: replacement cost coverage and actual cash value, or...
The Difference Between General Liability and Professional Liability Insurance

The Difference Between General Liability and Professional Liability Insurance

by Sean_Callanan | Jun 21, 2024 | Business Insurance, Insights

Your commercial general liability (CGL) insurance policy is the foundation for your company’s insurance program. Most businesses need a CGL policy, which provides broad coverage if you cause bodily injury or property damage, and, in some cases, personal injury, to a...
Bad Faith and Settlements in New York: Your Insurer Must Protect Your Interests

Bad Faith and Settlements in New York: Your Insurer Must Protect Your Interests

by Sean_Callanan | Jun 12, 2024 | Individual Insurance, Insights

When your business is sued by a third party, your liability insurance company has a good-faith obligation to honor the promises it made to you in your insurance contract. This includes defending you in court and indemnifying you for any judgments or settlements for...
What are the different types of reinsurance?

What are the different types of reinsurance?

by Sean_Callanan | Jun 3, 2024 | Business Insurance, Individual Insurance, Insights

Reinsurance is an insurance product for insurance companies, enabling them to transfer some of their risks to a reinsurance company. By removing some of the risks from its own books, an insurance company can take on more business, diversify its risks, and safeguard...
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Recent Posts

  • ​Understanding “Direct Physical Loss” in Commercial Property Policies
  • Schwartz, Conroy & Hack’s Exhaustive Review of 2,600-Page File Exposes Insurer’s Arbitrary Denial to Secure Major Victory for Long-Term Disability Claimant
  • ​Social Engineering Fraud and Your Cyber Insurance Policy
  • ​Vandalism and Theft Claims: Proving Your Loss
  • Two Policies, Three Disability Periods, One Successful Outcome: Schwartz, Conroy & Hack Secures Benefits for Dentist in Complex Claim

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