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My illustrious insurance career began about a year and a half ago. The indoctrination process has involved policy review, claim work, learning the insurance language and a lot of listening in on client meetings. Normally my lack of experience is a hindrance to the day to day work I do, but it can be an…

Construction Risk Exclusion – Vacant Land Introduction The commercial insurance marketplace for real estate risks continues to see the hardest conditions (aka seller’s market) seen in decades. The property marketplace continues to get the most attention as premiums continue to increase exponentially, while locations and coverages are being drastically limited or excluded. Amid the attention-grabbing…

Historically, insurance products have followed the road most traveled with a few detours. By tradition, insurance product development has been a slow methodical process. However, this changed with the introduction of cyber insurance; this insurance emerged and accelerated through the market after a bumpy start. It continues to evolve at a pace close to the…

The Cyber Insurance Academy defines Operational Technology (OT) as “the management of machines used in heavy industries like production line management, mining operations, oil & gas monitoring, and other similar activities, as well as manufacturing process control systems and building systems.” The cyber insurance industry is taking a proactive approach to operational technology (OT) by…

Download PDF Introduction: Navigating the Waters of Risk and Strategy in Entrepreneurship In the dynamic world of entrepreneurship, where innovation and disruption are the currencies of success, there exists an often-overlooked cornerstone that is crucial to not just launching but also sustaining and scaling a business: the strategic integration of risk management through insurance. For…

Download PDF   New Jersey Surplus Lines Insurance Taxes & Fees   Introduction As the commercial insurance marketplace continues to evolve, one trend that has become more common, particularly in the surplus lines marketplace, is the proliferation of fees being imposed by wholesale and retail agents and brokers. Considering this, we decided to take a…

Download PDF   Additional Insured – A Look at ISO CG 20 10   Introduction The Insurance Services Office (ISO) provides standard insurance policy language for the insurance industry’s use, including additional insured endorsements.  We are going to focus today on the industry standard additional insured endorsement ISO CG 20 10. Specifically, we will be…