This year, the United States witnessed firsthand the destruction severe weather events can have on homes, businesses and local economies. The National Oceanic and Atmospheric Administration reported that 15 extreme keep reading >
For contractors, equipment such as bulldozers, cranes and power tools are extremely valuable. Not only is this equipment expensive, but their businesses simply cannot run without them. In order for these key assets to be protected in the event of damage or loss, Contractor’s Equipment Insurance is an essential part of any construction company’s insurance program.
Property owners often don’t consider Pollution Liability policies, but they should. As evidenced by the recent legionella bacteria that was found in at least several water towers at schools throughout Long Island, and the outbreak this past summer in the Bronx, you don’t need to be engaging in hazardous operations to be confronted with a pollution liability issue.
Insurance policies don’t only cover those who purchase them. They can also cover additional individuals or businesses that the purchaser designates as being an “additional insured” or an “additional named insured.” Since these terms are similar and they can be very easily confused, it’s important that you understand the differences between the two.