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When laying up your vessel for the season, allow for time and prepare a plan which considers the following maintenance suggestions: Winterize all systems including the draining of all plumbing, air conditioning, engine, sanitation, and domestic water systems. Ensure the holding tank is empty. Inspect all seacocks. Most importantly, don’t… [Read More]

2021 has been a year in the record books for cybercrime. Cyber criminals have been increasingly emboldened by the increase in remote working and have targeted businesses of all sizes that have weak cyber security. High profile cyberattacks, such as the ransomware attack against Colonial Pipeline in May, make national… [Read More]

Insurance for travel calls to mind trip cancellation or accident insurance. There are other risk factors in travel which should be considered, particularly for international travel. The best way to contemplate travel risk is to differentiate liability, which is the risk of liability or similar suits from third parties, from… [Read More]

New hire to be responsible for personal insurance operations as company expands AssetSure, an independent insurance agency working with leading financial services professionals to protect the financial well-being of clients, announced today the hiring of Ted Karlunas as Vice President, Personal Insurance Practice Leader. In this role, Karlunas will lead… [Read More]

For owners of commercial property, it is a good time to review vacancy exclusions in insurance policies.  Many policies include limitations that may limit or completely eliminate coverage in the event of a loss due to damage if the property has been vacant for a specified period of time (typically… [Read More]

While a new or renovation construction project is in the planning phases, it is important to emphasize the need for the site owner to recognize that while some liability can be transferred through indemnification provisions within contracts and certain contractual wording within insurance policies, there is also a need for… [Read More]

A homeowner’s policy contains primary home liability which can be extended to other owned locations. It is important to note that an insurance policy is a conditional contract and attention must be paid to title and use of property. Without the correct insurance policy or applicable endorsement(s) there is a… [Read More]

Real Estate Investments: In the instance whereby there is a transfer of property from personal name to Limited Liability Corporation, or a grant deed recorded, for example a land trust, the insurance company should be notified and an endorsement should be issued on the policy specifying the name of the… [Read More]

Auto insurance is like homeowner’s insurance in that there are many insuring carriers competing for the right to insure high end property, however, policy coverage varies by insuring carrier and policy form options within a carrier’s offerings. There are many differences between the mass market auto policy and a private… [Read More]