Being tricked into a wrong wire transfer is happening too often!?

The news of the Luxury Passover Getaway being canceled last minute and leaving many without arrangements for the holiday spread like wildfire. Here the hotel canceled the contract claiming payment wasn’t received, while at the same time the Program Managers had clear proof that they sent the wire transfer ...

Should Condo Unit Owners Get Property Insurance?

Condominium unit owners often wonder if it’s necessary for them to obtain ‘building’ property insurance for their unit when their unit is also covered by the condo association’s commercial insurance policy.  After all, who would want to pay more than necessary for insurance? What many don’t ...

Is Inflation Impacting Your Property Coverage?

Have you noticed how quickly prices rise these days? It’s enough to make your head spin. ‘Inflation’ impacts how much we pay for necessities like food, gas, utilities, housewares and services. This should make you think about your insurance. Is your current coverage enough to protect you against the ‘...

FAQ — NY Paid Family Leave

Q: My employee’s hours vary every week. How will benefits be calculated? A: In this situation, PFL benefits are calculated based on the employee’s average weekly salary for the previous 8 weeks of payroll. Employees may decide to claim PFL strategically, following a period of time when they worked ...

Are you a Business Owner AND own Real Estate?

Here is what you want to know… In recent years, a growing number of businesses, from construction companies to retailers, have turned to real estate investment as an added revenue stream. For efficiency and to cut costs, many business owners manage their investment properties using resources and staff shared ...

Private Workers Comp Insurance vs NYSIF—Which is Better?

You may know that workers’ compensation insurance is a must for every business. But, did you know that even with workers’ compensation insurance you can find yourself without coverage? Here in New York State, businesses can choose to get insurance either through the New York State Insurance Fund (NYSIF) — ...

No Employees? Why Workers Comp is Still Important

Are Day Laborers Covered Under my Workers’ Comp Policy?

Several months ago, our client, who we’ll call Joe, called us in a panic. He had hired a laborer to clean up a property, and the worker sustained an injury while removing fallen trees—on his very first ...

Paid Family Leave

Paid Family Leave (PFL) The DBL insurance policy, used to be the smallest of insurance policies. Now that it includes PFL, it costs more -  and I want to make sure you know the benefits. This policy is mandated by NYS, and the rates are the same for all ...

"Action Over" and the NY Labor Law

Have you heard about the NY Labor Law and wondered what it means? If you’re a NY contractor, you are probably paying a lot more for insurance if your policy has what’s commonly known as ‘action over’ coverage. Or you may have been denied a job if you ...

The BIG Question - Am I covered for water damage?

IS WATER DAMAGE COVERED BY MY POLICY?

Two recent stories that really happened: Sam Brown owns an apartment building in the Bronx. A large part of the building had seen extensive water damage and was overrun by mold. Cost to repair? Close to a million dollars. Would the ...

Wiring Money and Hacked Emails

You’ve probably heard of someone who has lost money to a scammer who pretends to be a vendor, client or company executive. Officially called social engineering fraud, such scams have unfortunately, become all too common. Let me share a story that we experienced with one of our customers ...

NY Paid Family Leave

Have you heard about New York’s Paid Family Leave policy?  If not, don’t panic. You’re definitely not alone. In fact, this new law only recently went into effect. In short, it mandates 8 weeks of job-protected, paid leave for family related issues. (The number of weeks will ...