Become an Additional Insured and Lose Coverage?
Can a business lose coverage if someone else’s liability insurance policy names them as an additional insured? Yes. What Happened A member contacted us recently about his client, the owner…
Commercial Property
Have Tariffs Left Your Clients Underinsured?
Nicholas M. Insua and Richard P. Lewis, partners at law firm Reed Smith, LLP, raise an interesting point in a post published last month: “The bigger issues related to how…
The NJ Earthquake: Answers To Clients’ Insurance Questions
A magnitude 4.8 earthquake centered west of Manhattan struck the northeastern U.S. this morning. We at Big I New York hope that all of you, your families, friends, and clients are safe…
What Types of Commercial Properties Have To Be Specifically Rated by ISO? Class Loss Costs Eligible?
Question: “What types of commercial properties have to be specifically rated by the Insurance Services Office (ISO), and which are eligible for the class loss costs found in the manual?”…
Does the New York Anti-Arson Application for Improvements/Betterments Need To Be Completed for a Restaurant?
Question: “Must we complete the New York Anti-Arson Application for improvements/betterments in a restaurant?” Answer: I believe you do. The application is required by Section 3403 of the New York…
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