NY Insurance Hub

Year in and year out, water and leak damage is among the top causes of claims against homeowners’ insurance policies, according to the Insurance Information Institute. Nearly 2 percent of homeowners file a water-damage-related claim every year with their homeowners insurance companies, making water damage the 2nd most common claims-generating occurrence in the industry, behind […]

Have you ever sent an employee out to pick up needed supplies? Offered to buy lunch for the crew and asked an employee to pick it up? Unless you only send employees who are insured to drive your company vehicles, you may be putting your business at risk. Your business may also incur liability if […]

As carmakers modernize their vehicles by employing more and more technology, cars have been getting safer and more difficult to steal. Besides self-driving technology, more cars are being outfitted with a keyless entry and ignition. But as these advances make our lives easier and our cars safer, criminals are adapting so they can continue stealing […]

Things go wrong on a regular basis on construction projects. That’s why contractor’s liability insurance exists – to protect everyone involved. The policy holder is assured that an honest mistake or oversight will not destroy a thriving business, and the client and other stakeholders are assured that no matter what foreseeable event might come to […]

When it comes to determining a car’s value for insurance purposes, there are several guidelines to help. Vehicle owners and insurers can use books such as Kelley Blue Book to help determine an accurate value. Insurance companies usually refer policyholders to a claims adjuster when they file claims. In addition to verifying the loss, the […]

In October and November of 2011, floods inundated large parts of central Thailand, including thousands of factories that made everything from automotive parts and hard disk drives to eyeglass lenses and air conditioners. In addition to the human and economic cost in Thailand, the disaster affected businesses around the world. Carmakers in Detroit shut down […]

Determining who is legally responsible in an auto accident requires pinpointing who the negligent party is. In most cases, common sense can be used to determine fault. However, most drivers who are victims in accidents do not know exactly which laws are broken by the at-fault party. This makes it more difficult to prove a […]

One option available to small businesses seeking an all-encompassing policy that packages property and liability coverage into one is the business owner’s policy, also known as the BOP. These policies are designed to simplify risk management for small to mid-sized businesses and are generally a good bet for providing the greatest amount of coverage and […]

Automatic number plate recognition or ANPR was first developed in 1976 in the UK. By 1979, there were several prototypes in use. Early systems were used in several places in the UK. The first arrest stemming from ANPR took place in 1981. The technology continued developing but was not widely used until the 1990s. Data […]

When you hire contractors, electricians or other home repair specialists, you may shop around on price and go with the least expensive one. But if a contractor comes in with a bid that is much lower than the competition, it could mean they are cutting corners – and one of the top ways for them […]