The most common mistake in purchasing insurance occurs when businesses shop their insurance program at the expiration date of their policies.  Often times this results in multiple brokers being involved, combined with a lot of the insured’s valuable time and effort being expended, only to make a rush decision at the 11^th hour.  Businesses end up making a last minute decision and do not have the information necessary to make a well-informed one.  

The most common mistake in purchasing insurance occurs when businesses shop their insurance program at the expiration date of their policies.  Often times this results in multiple brokers being involved, combined with a lot of the insured’s valuable time and effort being expended, only to make a rush decision at the 11^th hour.  Businesses end up making a last minute decision and do not have the information necessary to make a well-informed one.  

On Monday, Governor Kathy Hochul directed the commissioner of health to designate COVID-19 as a highly contagious, communicable disease that presents a risk of harm to the public health under New York State's HERO Act. This means private employers must implement their workplace exposure prevention plans. (NY HERO Act) 

These workplace exposure prevention plans were required to be adopted by August 5th and then posted for employees by the September 4th deadline.

The Hero Act Law applies to all New York State private employers, regardless of size.  

It seems that Cyber-Attacks and Ransomware incidents are in the news every day.  Some experts are saying that it is not if, but rather when you are hacked.  Having strong Data Security practices within your organization is the best way to prevent a breach.  A comprehensive Cyber Insurance policy tailored to fit your needs is the best way to recover from a breach. 

As many of you know, Governor Andrew Cuomo signed the New York Health and Essential Rights Act (NY HERO Act) into law this past May. The law mandates extensive new workplace health and safety regulations in response to the COVID-19 pandemic.  

NYS has developed a new Airborne Infectious Disease Exposure Prevention Standard, a Model Airborne Infectious Disease Exposure Prevention Plan, and industry-specific model plans for the prevention of airborne infectious diseases. Employers are required to comply within 30 days from the DOL release date.   The standard and prevention plan were released this week so the clock is ticking toward that August 5th deadline.  

New York Has Legalized Marijuana. ... The law allows New Yorkers over the age of 21 to possess up to 3 ounces of cannabis for recreational use. People with certain marijuana-related convictions will have their records expunged immediately.

The stakes are higher than ever for cyber incidents and ransomware attacks.

The pandemic has increased the fear and uncertainty and led to behavioral changes for many of us throughout this last year.  

As an insurance professional for over 30 years, I’ve learned the importance of having proper coverage, including an umbrella policy.  Not only is it important because, for a few hundred dollars a year, you can increase your liability coverage significantly, but because it gives you an opportunity to be in a better position to “right a wrong” when necessary. 

The stakes are higher than ever for cyber incidents and ransomware attacks.

The pandemic has increased the fear and uncertainty, and led to behavioral changes for students, staff, and even parents.

Haylor Freyer & Coon can help you with your 2021 budget and we can start helping you now!