Distinguished Blog
Market insights and industry news.
Sedgwick Helps Mitigate Risks During Remodeling and Repairs
Sedgwick Repair Services provides customized managed repair, restoration, and mitigation through its network of certified local, regional and national contractors. Members of Distinguished Programs – insureds in our New York Brick & Brownstone Program, City Multi-Family Insurance, City Landlord Insurance, and City Condominium Insurance – have access to Sedgwick’s network of trusted contractors whose insurance…
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Check-In on Community Association Deck Safety
As the weather heats up, condo owners begin to take advantage of their decks for some outdoor barbecuing with friends and families, extra room, and fresh air. While these decks are real assets when selling a unit, they could become a liability for community associations depending on who is responsible for maintenance and repairs.
Builder’s Risk FAQs
A property in the midst of construction has different risks than an established structure, and builder’s risk insurance helps to manage these unique risks. Unlike homeowners’ insurance, which covers structures that have already been built, builder’s risk is made for new constructions, renovations, or additions. From contractors to investment companies, it is essential for any…
Why You Need Cyber Insurance
In the past year, we’ve seen key emerging cyber trends as bad actors up their game with more sophisticated and targeted attacks against businesses. According to a report by Identity Theft Resource Center (ITRC), 2020 saw a continued trend among cybercriminals in moving away from mass attacks seeking consumer information and toward attacks that target…
What You Need to Know About Vaccine Passports
President Joe Biden recently announced that 90 percent of American adults will be eligible to receive their coronavirus vaccine by Mid-April, with all adults vaccine eligible no later than May 1st. As more and more people get vaccinated against the coronavirus, many are wondering how to prove inoculation and whether or not that is necessary…
A Sea of Litigation: Risk Management for Resort Waterparks, Waterslides
With the warm weather around the corner and after a year of safer-at-home guidelines and resort waterpark closures and/or limited-capacity mandates, operations are now getting ready for returning guests. As fun as waterparks and slides are, they can also be dangerous with people getting hurt, sometimes severely. Slip and fall injuries are common as guests…
Return to the Office on the Horizon
Remote work might be the new normal, but it wasn’t meant to last forever. Even now, a year after coronavirus forced offices to shut down at a drop of a dime, most employees remain at home. While there are advantages to remote work, it has its downsides. Numerous company executives believe that having employees in…
Helping Clients with a Workers’ Comp Premium Audit
Most insureds are not familiar with the ins and outs of a Workers’ Compensation premium audit. Providing them with guidance on why an audit is performed, what’s involved in an audit, and navigating them through the process will go a long way to eliminate any surprises and unexpected additional charges.
Spring Home Maintenance Checklist
Homes are an investment and maintaining them is a must. As many homeowners know, however, it isn’t always easy to know what needs to be done. Spring has officially sprung, making it the perfect time to inspect for winter damage and prepare for the warmer months to come. Share this checklist with your insureds to…
Good News for Restaurants
According to the National Restaurant Association, over 17% of restaurants closed permanently or long-term in 2020, leaving millions of food service workers out of a job and the industry in tatters. After a year of chaos and uncertainty, the light at the end of the tunnel is finally in sight. Vaccines are being distributed across…
Adopting New Liability Risk-Mitigation Approach to Stem Mega Verdicts
Our litigious environment has been exacerbated over the last several years due to several factors including the rise of nuclear liability verdicts that run into the tens and even hundreds of millions of dollars. Contributing to these mega verdicts is anti-business sentiment and corporate mistrust by jurors. Juries feel more sympathetic toward injured plaintiffs and…