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Double-Charging a Contractor For the Same Project?

Abstract: Since both the CGL and OCP policies will conceivably provide coverage, the insurer is justified in using the same premium basis for both. Body: ​Question from a Big I Connecticut member: "I was hoping you could provide clarity for me and a client of ours.  They’re a general contractor and will be taking on a project which requires an Owners and Contractors Protective Liability (OCP) policy.  How would this impact our General Liability and Workers' Compensation policies which are currently in place ? Would we include the sub costs for the project requiring the OCP as part of our GL sub costs for rating purposes? …

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Help Clients Comply With NYS Retail Worker Safety Act

Abstract: If your agency writes the Workers' Compensation insurance for any small retail stores, you may want to point them to newly published materials from the state Labor Department. Body: ​New York's new law on retail worker safety took effect last week. If your agency writes the Workers' Compensation insurance for any small retail stores, you may want to point them to newly published materials from the state Labor Department. Passed by the state legislature and signed into law by Gov. Kathy Hochul in 2024, the Retail Worker Safety Act took effect for most retail stores on June 2. It applies to all New York…

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You Did It! NYC Anti-Arson Repeal Bill Headed to Gov. Hochul!

Abstract: In politics, persistence and perseverance pay off. Today, the State Senate followed the lead of the Assembly and passed legislation repealing the NYC “Anti-Arson” application! Big I New York will urge Governor Hochul to act quickly on this important insurance industry reform. Body: ​In politics, persistence and perseverance pay off.  Today, the State Senate followed the lead of the Assembly and passed legislation repealing the NYC “Anti-Arson" application!  Big I New York will urge Governor Hochul to act quickly on this important insurance industry reform. Despite this relic from the 1980's having long outlived its usefulness, the bill remained stuck in the State Senate, allegedly…

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