http://www.insurancemic.com/Created for those who purchase, and those who provide NY General Liability Insurance and NY Workers Compensation insurance in the NY Metropolitan Region enWed, 25 Jan 2012 21:08:41 PSTTypePad http://www.typepad.com/Business/Management & MarketingnoCreated for those who purchase, and those who provide NY General Liability Insurance and NY Workers Compensation insurance in the NY Metropolitan RegionInsuranceMikehttp://feedburner.google.comhttp://www.insurancemic.com/2012/01/7-tips-to-position-your-business-during-a-hard-insurance-market.htmlMichael StoopWed, 25 Jan 2012 23:11:42 PSTtag:typepad.com,2003:post-6a00d8341d970853ef0168e6199cb7970cI can literally feel your eyeballs rolling as you mutter a “colorful” sentence or two about insurance brokers occupying the phylum right above amoebas. Before you click on, give me a paragraph or two to explain. For those insurance buyers new to the scene a “hard” market is defined as...http://www.insurancemic.com/2012/01/is-2012-the-begining-of-a-hard-market.htmlCurrent AffairsInsurance CarriersWorkers Compensation InsuranceMichael StoopThu, 05 Jan 2012 12:45:50 PSTtag:typepad.com,2003:post-6a00d8341d970853ef01676007eed5970bFor those of you not in the “industry” January 1st is a big insurance date. It’s the day a vast majority of re-insurance contracts renew. Re-Insurance are those folks who insure the insurance companies so they can spread the risk of insuring a $100 million dollar project. After 8 years...http://www.insurancemic.com/2011/11/insurance-for-property-under-construction.htmlConstruction PropertyMichael StoopMon, 14 Nov 2011 15:23:32 PSTtag:typepad.com,2003:post-6a00d8341d970853ef015436e2b2a7970cIf you click on the picture above entitled " Risk Transfer for Property Under Construction" you will be brought to a detailed presentation on all the nuance that is Builders Risk Insurance. The beauty of the slide show presentation is that we overlaid the audio to the power point so you get to hear in essence the material as it was presented. For those of you that already have a working knowledge of Builder Risk Insurance , but wanted to grab a few quick take aways, just click thru the slides until something strikes you.http://www.insurancemic.com/2011/06/nyc-buildings-department-revises-ny-construction-general-liability-insurance-ruling.htmlConstruction LiabilityCurrent AffairsMichael StoopWed, 06 Jul 2011 07:08:19 PDTtag:typepad.com,2003:post-6a00d8341d970853ef01538f6f7483970bThe NYC Buildings Department wisely revised some of the more stringent aspects of the NY Construction General Liability Insurance requirement. In a memo dated June 22nd to NYSBA the NYC D.O.B. made the following revisions. http://www.insurancemic.com/2011/03/our-solve-for-the-nyc-dept-of-buildings-general-liability-insurance-rule.htmlCurrent AffairsMichael StoopTue, 29 Mar 2011 07:05:36 PDTtag:typepad.com,2003:post-6a00d8341d970853ef0147e38afe8b970bIt's our expectation that we will be meeting with the New York City Department of Buildings within the next few days to help illuminate the disastrous impact this new rule could have on the cost structures of an industry reeling from difficult macro challenges resulting from the financial crisis.http://www.insurancemic.com/2011/03/nyc-department-of-buildings-change-impacts-cost-of-ny-construction-liability-insurance-for-general-c.htmlConstruction Law IssuesCurrent AffairsMichael StoopMon, 28 Mar 2011 12:23:38 PDTtag:typepad.com,2003:post-6a00d8341d970853ef014e602bb22d970cOnce you have absorbed how the new rules are written, we suggest you read the next article on our sister blog: The Cost Impact of the New Department of Buildings Rule Change for NYC General Contractors & NY Developers General Liability Insurance. Click on this article to see what the cost impact is of this important new ruling. Learn how it some instances it could double the cost for NY Construction General Liability Insurance. http://www.insurancemic.com/2011/03/what-buffet-2012-your-business-may-have-in-common.htmlCurrent AffairsValuable Misc Insurance InfoMichael StoopFri, 11 Mar 2011 08:03:56 PSTtag:typepad.com,2003:post-6a00d8341d970853ef0147e3228e1b970bWhat's interesting is that when it comes to construction, especially NY General Contractor's and NY Developer's what always puzzled me was the zealot like fixation on pricing their bid to be as competitive as possible yet often not properly forecast their future cost structures, imperiling their profits.http://www.insurancemic.com/2010/11/maximum-benefit-allowance-for-ny-workers-compensation-has-been-raised.htmlWorkers CompensationWorkers Compensation InsuranceMichael StoopTue, 30 Nov 2010 17:52:21 PSTtag:typepad.com,2003:post-6a00d8341d970853ef013489a2e44b970cThis actually occured in July, which I published elsewhere. It occurred to me that perhaps folks who read this Blog could use the information. Rather than re-write the article I thought for effeciancies sake I thought I would just provide the link to those who want this valuable information. CLICK...http://www.insurancemic.com/2010/10/owners-intrest-liability-policies-pick-your-poison.htmlConstruction Law IssuesConstruction LiabilityMichael StoopThu, 10 Feb 2011 09:15:04 PSTtag:typepad.com,2003:post-6a00d8341d970853ef0134889a0de6970cPurchase a separate "Owner's Interest Liability Policy" altogether , rather than being sated by the simple "Additional Insured " status.http://www.insurancemic.com/2010/10/do-you-know-when-your-builders-risk-coverage-ceases.htmlConstruction PropertyMichael StoopSat, 02 Oct 2010 05:09:47 PDTtag:typepad.com,2003:post-6a00d8341d970853ef0133f4caa779970bTypically when I ask this question many owners or construction folks simply respond , "the expiration date on my Builder's Risk Policy is _____ " . Which is naturally the wrong answer or I wouldn't be writing this post.nonadult