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Public Statement: Skyscraper Insurance Announces Acquisition of Broad Coverage Service Inc.

🌟 Public Statement: Skyscraper Insurance Announces Acquisition of Broad Coverage Service Inc. Dear Valued Community Members, Skyscraper Insurance is thrilled to announce the successful acquisition of Broad Coverage Service Inc., marking a significant milestone in our commitment to providing comprehensive and top-notch insurance solutions to communities far and wide. This strategic union brings together the […]

75% of Small Businesses Are Underinsured, Says Hiscox Survey

Small businesses may be growing their revenue, but the vast majority – 75% – are not adequately protecting themselves and their assets. Small businesses are an essential part of the US economy, with 56 million workers employed at firms with fewer than 50 employees, representing 45% of all private-sector jobs as of the first quarter […]

How carriers can transition to a Digital Customer Service experience

Customers have become accustomed to digital experiences with other industries. Insurers will need to keep up, or risk falling behind and losing them to the competition. Customer expectations have been reshaped in recent years as digital technologies have enhanced the experience. This is no less true of insurance. In fact, 50% of insurance customers rank personalized digital […]

Does your business need workers’ compensation insurance for contractors?

compensation insurance for contractors? Businesses aren’t always required to buy workers’ compensation insurance for contractors but there are benefits for doing so. Learn more in this guide Contents While not legally considered as your employees, workers’ compensation laws in some states treat contractors, subcontractors, and other hired personnel as your own staff. This means that […]

Why the Foundation of Insurance’s Future Starts with Automation

Artificial intelligence (AI) — specifically, generative AI — has dominated headlines and elicited equal parts excitement and wariness among businesses: excitement for the new insights and capabilities gained, and wariness of what it means for the future of work. Insurance is no exception. Insurers are looking for ways to shoehorn generative AI into their business. […]

Courts Find ‘How Many Apartment Units Are There?’ Is an Ambiguous Question

Because its application question about how many apartments were in a New York building was considered ambiguous, an insurer has lost its bid to deny a commercial property insurance claim and rescind the policy. The Second Circuit Court of Appeals has upheld a New York federal district court ruling in favor of Fred and Ann […]

Uber Settles New York State Claims Related to Unemployment Benefits for Drivers

Because its application question about how many apartments were in a New York building was considered ambiguous, an insurer has lost its bid to deny a commercial property insurance claim and rescind the policy. The Second Circuit Court of Appeals has upheld a New York federal district court ruling in favor of Fred and Ann […]

Skyscraper Insurance announce our membership in the ISU Insurance Agency Network network.

🏙️ Exciting News! Skyscraper Insurance is thrilled to announce our membership in the ISU Insurance Agency Network network. We’re incredibly grateful to be part of this vibrant community and can’t wait to foster valuable relationships within the insurance industry. Here’s to new beginnings! 🤝 #SkyscraperInsurance#ISUNetwork#InsuranceCommunity#NewBeginnings#weshareyourvisionforabettertomorrow The ISU Insurance Agency Network is one of the oldest […]

Deconstructing the Confusion: The “Contractual Liability”

Insurance Requirement in Construction Contracts In many construction contracts, it is common for standard insurance clauses to require that the downstream party (either the general contractor or a subcontractor) carry commercial general liability (CGL) insurance, and that such insurance include, among other things, coverage for “contractual liability.” This requirement often results in confusion. It’s time […]