NYC Business Group Insurance Blog

Thursday, June 23, 2022 | NYC Business Group

5 Tips to Reducing Your Homeowners Insurance Premium.

As a homeowner having insurance is very important. A homeowner insurance policy covers your house in case of any damage due to fire, or other catastrophic natural disasters, and in case someone gets hurt on your property. But you have noticed that the insurance premiums have increased over time. This is expected but there are measures one can take to reduce one’s premiums from skyrocketing. Before we look at the tips on how to reduce your premiums, first let us look at what insurance…

Tuesday, June 21, 2022 | NYC Business Group

A Guide to Understanding Multi-Family Building Insurance.

If you own a multi-family residence, you must understand the options available for insuring your property. You also must be aware of what is covered and what is not covered under the various policies available. You can also enlighten your residents on what is covered and what is not by your insurance provider. Enquire if they might be interested in purchasing a policy on their own. So, what is a multi-family residence? The insurance industry defines this as any building or structure that can…

Tuesday, June 14, 2022 | NYC Business Group

Common Insurance Mistakes That You Should Avoid!

Having insurance coverage is one thing while using it appropriately is another. Whether you have commercial insurance or personal insurance, you should know the ins and outs of your policy to use it properly. For instance, knowing the limits on your policy will enable you to make wise insurance decisions to avoid underinsurance and over insurance. This article outlines the common insurance mistakes you should avoid.

Friday, June 10, 2022 | NYC Business Group

What Liability Claims Require Umbrella Insurance Coverage?

Sometimes, you take all the steps to protect yourself and your business from insurance claims that might push you to bankruptcy. However, that is not how accidents work. You could be volunteering at the local shelter, only to end with a lawsuit due to negligence. In that case, there is very little your general liability insurance cover can do for you. And that is why you may need umbrella insurance coverage.

Wednesday, June 08, 2022 | NYC Business Group

Review Your Contracts with Your Insurance Broker!

Having commercial coverage means that if you incur any damages from a covered peril, the insurance company will cover the resulting costs, saving your business finances. While damages can emanate from business-related events such as employee injuries, third parties such as clients can also cause financial harm to your business. For instance, a negligent client can cause a fire that burns down your premises. The involved client's insurance company should cover the losses incurred in such a case.…

NYCBG Insurance Blog

5 Tips to Reducing Your Homeowners Insurance Premium.

A Guide to Understanding Multi-Family Building Insurance.

Common Insurance Mistakes That You Should Avoid!

What Liability Claims Require Umbrella Insurance Coverage?

Review Your Contracts with Your Insurance Broker!

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