Yearly Archives: 2021

Storm Alert

What a week it's been - flooding and now a storm is tracking towards our great state. While we hope for the best, we prepare for the worst. Many lessons were learned during Superstorm Sandy. So, let's use them! Thankfully, we all have more remote systems and backups in place because of the pandemic. With a bit of planning, we can continue to serve customers best no matter what. Not in the current storm track? It's a great time to plan ahead.A few tips on communicating during the storm: Have access to mobile phone numbers for your team with you. Ensure you don't have to log…

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Flood Insurance Information For Your Clients and You

​As I write this, Tropical Storm Henri​ is aiming at Long Island. With more than three months left in the traditional hurricane season, this seems like a good time to bring up the subject of flood insurance.The Insurance Information Institute has two good pieces that you can use to educate your clients (and yourselves, if you don't feel like you're up to speed on flood coverage):In case of a flood​Facts about flood insuranceThese can be useful for raising your clients' awareness of the threat posed by flood waters and the lack of coverage under personal and commercial property policies.We also have links to a number…

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New State Law Authorizes Sale of ‘Excess Business Disability Insurance’

​A law signed by New York Gov. Andrew Cuomo earlier this month authorizes the sale of a new type of insurance and permits licensed excess line brokers to obtain it. The coverage, called "Excess Business Disability Insurance," was authorized immediately upon the law's enactment on Aug. 2. You may want to discuss with your clients whether they need this coverage.Senate Bill 5760A amended New York Insurance Law Section 1113(a), which lists all the types of insurance that can be sold in the state. It defines Excess Business Disability Insurance as "insurance against financial loss experienced by a corporate entity or a partnership where an individual integral to (its) successful operation…

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