Category: Uncategorized

Adjustments to New Jersey’s Contractors Business Registration Act (CBRA) have updated licensing standards, underlining the importance of strong safeguards. Both Home Improvement Contractor Businesses (HICBs) and Home Elevation Contractor Businesses (HECBs) now must present proof of Workers’ Compensation Insurance, along with compliance bonds and commercial general liability insurance, to proceed with securing, renewing, or reviving… Read more »

New technologies are transforming auto insurance, as they redefine the ways in which risks are assessed, premiums are calculated, and claims are serviced. Insurers are no longer limited to looking at historical data and broad statistical models. Now, the collision of the Internet of Things (IoT) with Telematics is paving the way for the transformation of car insurance… Read more »

New Jersey’s licensing reforms might bring major improvements to home repair contractors regarding consumer protection and industry accountability. Under the latest regulations of the New Jersey Division of Banking and Insurance (DOBI) along with the Division of Consumer Affairs, the new regulations expand the home improvement contractor licensing requirements to include not just the customary General… Read more »

Across the United States, natural disasters have grown in number and strength in recent years. From wildfires to hurricanes and floods, events such as these are causing communities progressively more grief. One vivid illustration is the recent intense fires that broke out on January 7 in the Los Angeles’ Pacific Palisades area. Driven by strong… Read more »

The restaurant industry depends on speed—fresh ingredients, bustling dining rooms, and seamless operations. But a catastrophic event like a fire, a machinery shutdown, or a delivery chain breakdown could cause huge financial suffering. Even a basic grasp of Business Interruption Insurance (BII) can help restaurants address their unique vulnerabilities. Let’s take a deeper look. Restaurants aren’t… Read more »

The construction market in the U.S. is in a very real cost spiral, which has serious implications for homeowners and property investors. A Report by Currie & Brown stated that, in 2023, U.S. construction costs increased on average by 4% and were anticipated to further increase by 3-6% in 2024. Though the trend is evident… Read more »

Your home is your largest investment—a sanctuary built with love and the repository of innumerable irreplaceable memories. Preventing against the unexpected is exactly what home insurance is for—an essential safety net that helps to provide financial relief when calamity comes to call. Home insurance, often referred to as homeowner’s insurance, is defined as an agreement between the… Read more »

When it comes to the practicalities of negotiating the various regulations that apply in even small workplaces, the landscape is like a minefield for both employer and employee. One particular area that needs to be given due consideration is workers’ compensation insurance. Designed to offer financial assistance and medical coverage to employees who sustain work-related injuries… Read more »

Indeed, it’s that time of the year when the atmosphere oozes with excitement and anticipation. Shoppers would be trawling through the malls or through online stores to find that perfect gift for their loved ones, with the average US consumer planning to spend $1,063 on holiday-related purchases in 2024—a 7.9% increase from $985 in 2023,… Read more »

What if a sudden fire in your small business drained your entire life savings—or worse, left you buried under debt? What if a freak car accident totaled your vehicle, leaving you stranded and struggling to recover financially? For some, these are nightmares that turned into reality—but they walked away unscathed, thanks to insurance. Others? They… Read more »