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The Coyle Group - Business Insurance
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Добавлен 4 мар 2008
Insurance & Risk Management advice for mid-market companies, financial service firms, manufacturers, wholesale distributors, restaurants, real estate investors, and more!
Biotech Company Insurance Explained
Insurance Needs for Biotechnology Companies / Biotech Insurance Explained
In this video, we explore biotech insurance, a specialized form of business insurance designed to address the unique risks and challenges faced by biotechnology companies.
Key coverages include general liability, product liability, professional liability (E&O), clinical trials coverage, intellectual property (IP) insurance, property insurance, and more.
💼 Are you looking for a custom insurance solution for your business?
🌐 Talk to our experts ➡️ thecoylegroup.com/contact ⬅️
00:00 Introduction
00:38 What is Biotech Insurance?
01:27 Why is Biotech Insurance Important for Leaders of Biotech Companies?
02:27 Key Coverage Issue...
In this video, we explore biotech insurance, a specialized form of business insurance designed to address the unique risks and challenges faced by biotechnology companies.
Key coverages include general liability, product liability, professional liability (E&O), clinical trials coverage, intellectual property (IP) insurance, property insurance, and more.
💼 Are you looking for a custom insurance solution for your business?
🌐 Talk to our experts ➡️ thecoylegroup.com/contact ⬅️
00:00 Introduction
00:38 What is Biotech Insurance?
01:27 Why is Biotech Insurance Important for Leaders of Biotech Companies?
02:27 Key Coverage Issue...
Просмотров: 3
Видео
What is Captive Insurance? The Ultimate Hard-Market Solution?
Просмотров 4319 часов назад
What is Captive Insurance? In this video, recorded in mid-2024, I dive into skyrocketing insurance rates and how forming a captive could be a game-changer for mid-market firms. Discover the benefits of Captive Insurance, a powerful strategy since the 1950s. Curious about making the switch? Watch now and reach out for expert advice! 💼 Are you looking for a custom insurance solution for your busi...
Business Insurance in New York: Which is Best?
Просмотров 6214 дней назад
Best Business Insurance in New York Are you a business owner looking to insure your business in New York? Then you know how difficult is to find reliable insurance in 2024. In this video, I’ll share with you: - How to find the best business insurance providers in New York? - What insurance you should be looking for? - And what are the 6 keys to the best business insurance? 💼 Are you looking for...
Business Insurance 101: Essential Coverage for New York Companies
Просмотров 4621 день назад
Business Insurance 101: Essential Coverage for New York Companies New York business owners, discover the essential insurance coverages you need for your business! In this video, I’ll walk you through the process of obtaining these policies and ensuring they’re right for you. Using a skilled insurance broker can simplify your life significantly. 🌐 Website: thecoylegroup.com/contact 📧 Email: gbco...
Insurance for Professional Service Firms in NY
Просмотров 2021 день назад
Insurance for Professional Service Firms in NY Are you a professional service firm in New York wondering if your business insurance is truly comprehensive? In this video, you'll learn how to protect your firm from unexpected risks and ensure peace of mind. 🌐 Website: thecoylegroup.com/contact/ 📧 Email: gbcoyle@thecoylegroup.com 📞 Phone: 845-474-2924 📅 To book a call with me, click this link: th...
Product Liability Insurance for Medical Device Companies
Просмотров 4021 день назад
Product Liability Insurance for Medical Device Companies In this video, I dive into Medical Device Product Liability Insurance, covering what it is, who needs it, and how it differs from Product Recall Insurance. Join me as I explore these crucial topics for your business. 💼 Why partner with The Coyle Group for your business insurance? At The Coyle Group, we specialize in crafting customized bu...
Commercial Property Insurance for Small Businesses
Просмотров 8628 дней назад
Commercial Property Insurance for Small Businesses Small Business Property Insurance Learn about commercial property insurance for small businesses: what's covered, how to get it, and the costs involved. As an expert business insurance broker, I’ll guide you through the essentials to help you make informed decisions. 💼 Why partner with The Coyle Group for your business insurance and commercial ...
Life Sciences - Business Interruption Insurance
Просмотров 38Месяц назад
Life Sciences - Business Interruption Insurance Imagine a disruption or business interruption that halts your life science or biotech firm’s operations. In this video, we’ll explore how Business Interruption Insurance can protect your startup from income loss due to unexpected events, ensuring you can continue operations and maintain stability. 💼 Why partner with The Coyle Group for your busine...
Rockland County Business Insurance - Local Expertise
Просмотров 31Месяц назад
Rockland County Business Insurance - Local Expertise
Insurance for Financial Advisors - Top 4 Policies Every Financial Advisor Needs
Просмотров 59Месяц назад
Insurance for Financial Advisors - Top 4 Policies Every Financial Advisor Needs
Bakery Insurance - Everything You Need to Know
Просмотров 105Месяц назад
Bakery Insurance - Everything You Need to Know
Insurance for Wealth Managers | Top 4 Policies Every Wealth Manager Needs
Просмотров 79Месяц назад
Insurance for Wealth Managers | Top 4 Policies Every Wealth Manager Needs
Insurance for Registered Investment Advisors - Top 4 policies every RIA needs
Просмотров 362 месяца назад
Insurance for Registered Investment Advisors - Top 4 policies every RIA needs
What is Product Liability Insurance? | How does it work
Просмотров 1252 месяца назад
What is Product Liability Insurance? | How does it work
Crime Insurance Explained for Financial Advisors
Просмотров 692 месяца назад
Crime Insurance Explained for Financial Advisors
Best Bakery Insurance - Property Coverage Considerations
Просмотров 842 месяца назад
Best Bakery Insurance - Property Coverage Considerations
Property Managers Everything You Need To Know About Captive Insurance
Просмотров 1112 месяца назад
Property Managers Everything You Need To Know About Captive Insurance
Insurance for Financial Planners - Top 4 Policies Every Financial Planner Needs
Просмотров 382 месяца назад
Insurance for Financial Planners - Top 4 Policies Every Financial Planner Needs
Understanding The Role Of Independent Agents In Business Insurance
Просмотров 422 месяца назад
Understanding The Role Of Independent Agents In Business Insurance
What is Non-Admitted Insurance | What Does Non-Admitted Mean
Просмотров 2192 месяца назад
What is Non-Admitted Insurance | What Does Non-Admitted Mean
Professional Liability Insurance | How to Get It Right
Просмотров 3142 месяца назад
Professional Liability Insurance | How to Get It Right
Why Tail Insurance is Required when Selling Your Company - Everything You Need to Know
Просмотров 1452 месяца назад
Why Tail Insurance is Required when Selling Your Company - Everything You Need to Know
Business Owners Insurance for Registered Investment Advisors (RIAs) | BOP Insurance for RIAs
Просмотров 342 месяца назад
Business Owners Insurance for Registered Investment Advisors (RIAs) | BOP Insurance for RIAs
Business Owners Insurance for Wealth Managers | Everything You Need to Know
Просмотров 312 месяца назад
Business Owners Insurance for Wealth Managers | Everything You Need to Know
Top 5 Common Insurance Coverage Gaps for Tech Firms | Tech Insurance
Просмотров 662 месяца назад
Top 5 Common Insurance Coverage Gaps for Tech Firms | Tech Insurance
My condo association has a BOP instead of a master condominium policy. The majority of owners including all board members rent out their units. The ratio of owner occupied vs non owner occupied/rentals is 2:6. I can’t find anything about a condo association-which isn’t a business and has nonprofit status- having or being able to have this type of insurance. The CC&Rs and bylaws are vague and outdated. I was affected by a sewage backup and water intrusion from a common area and the BOP covered nothing. My insurance covered nothing bc it wasn’t my fault. The unit across the hall from me was also damaged but bc he uses it as a rental non-owner occupied, he had coverage for his repairs under the BOP for damages that resulted in loss of rental income. I’ve been unhoused for seven months because the sewage backup and water infiltration resulted in confirmed toxic black mold and my entire downstairs was a complete gut job, and a large portion of my upstairs had to be torn out. The association has run out of money and they haven’t fixed all the damage caused by the sewage backup and water infiltration has caused in my condo. They are blatantly ignoring my emails and won’t speak to me. I’m only allowed to talk to the property manager. I own this condo outright and have lived there for four years. I don’t have the money to sue them or hire a lawyer and they know it. They however have a very high powered litigation attorney on their side who is unethical to say the least. Have you ever heard of anything like this? State of ME.
What are the suggested limits of liability?
Good Question, Bob! And, like a lot of insurance answers: "it depends". The minimum limits we will sell is $1m, but higher limits are recommended with the costs of a breach, hack or event continuing to escalate. A benchmarking peer report can also help determine limits.
I got hurt on the job a little over a week ago, hurt my back. Couldn’t walk for two days (I got hurt on Friday. The pain was excruciating until Monday) I went into work that Monday morning and the whole week and have been working with the pain , can I still talk to my employer about the comp or is it to late ? To be more clear today (Sunday) is 9 days after my incident and I have not told any one of my managers ( even though they can visibly see me walking with limp and the fact that I can’t really bend at the waist)
You should definitely talk to your employer as soon as possible.
I've been using next. 1owner LLC with no employees. 1 million in general liability and it's $29.50/ month.
that's a great price!
If Im a luxury real estate photographer and filmmaker, who also does other creative production services, should I get General Liability insurance or E&O? I don't have any employees
Based on what you've said here, I think you need both General Liability and E&O. If you'd like to chat further about it, call me at 845-474-2924
What would you recommend for a photography and filmmaking business?
Great Video... very informative !!!
thank you!
This should be explained to ever person who goes to buy WC insurance I cannot fathom how many calls I get asking what the audit is performed for lol auditor here
Doctors and lawyers comp. Most likely..
Hello I am a financial advisor And I want to know exactly what does E&O cover ? 1) does it cover lawyer fees ? 2) if I lose the court case , and I have to compensate my clients , will the policy compensate my clients for the damages or do I have to pay for the damages out of pocket ?
That's a complex question that's better answered on a call if you'd like. you can try me at 845-474-2924
@@TheCoyleGroupNY you got WhatsApp ? I’m from india , so can’t call international.
Thank you, the info in this video was very useful for me, I am starting my agency and no had aidea about many things, I will follow you to learn more about this business.
Hi hello one question do you need to get a workers comp if there' only 2 ppl working?
It depends on your state, but the agent who writes your other business policies should be able to help you.
It all depends on how it's written
true!
Good content. However, I'd recommend you to add more visuals while you explain an individual topic. This will make it easier for viewers to understand better.
I fell at work because someone left a flat in the walkway and have been in physical therapy for more than 6 months. My employer cut my hours from 32 to 24 and 16 hours per week. No one talked to me after the fall to give me any information on what to do. I’ve missed work due to the injury and I’m almost at my limit for occurrences. I waited 3 weeks to see a doctor hoping the swelling would go down but it didn’t. I finally told the assistant manager I was going to get checked out. What can I do to keep my job and be paid for days I missed? Also is it legal for them to cut my hours so drastically?
That's a very complex question and one that's impossible to answer here. In fact, it sounds like you may need an attorney that specializes in workers comp claims to help you here.
NEXT is a scam company. They charged me $929 overnight, randomly, with no explanation. They agreed they made a mistake. No refund.
They must pay their customer service reps, who cant do basic math, $15/hr to deal with unhappy customers as they scam their way robbing small businesses. They AGREED they made a mistake and will not refund my money. I have to go to fucking court. They promise one price, they charge another.
As a freelance writer, I recently heard that E and O does not cover claims that happen before or after coverage, even if the piece was written during the time of coverage. If this is the case, how can freelancers ever retire and not pay for E and O anymore if ppl can just make claims after the fact? Thanks.
Good question! It's not just E&O insurance, but all claims-made policy forms. Some policies can be purchased to include "prior acts" and on the retirement part of the question, you can purchase what's known as an Extended Reporting Period or "Tail" to cover you for claims made (for prior acts) after the cancellation date. That tail can be 1,3,5, or 6 years depending on the policy
Thank you for this video. What about home based , family owned bakery business, no employees, but a couple only, that are starting this business and will be selling their products to the local grocery stores? What to consider, type of risks, any licenses required for GL or BOP ?
In terms of licenses I'm not sure they're required to get coverage, but some insurers will not write bakeries out of a home due to lack of inspections by health code enforcers. But for those that will, I think a BOP is your best bet. Hope that helps.
Thank you for this video from the Philippines
thank you!
Thank you ! I’m a new licensed agent so helpful!
Good to hear, thanks!
Great information! Thank you
thank you!
People need to watch videos like this instead of typical tictoc videos
Good info that all business owners should know
Thanks very much for your comment!
I thought it was called a dec page🤔
Good question. A dec page is short for Declaration which is the actual policy. Thanks for your comment!
Thanks for the video!
Great video is commercial general liability insurance recommended for a landlord owning a multi family rental property in nyc?
Most definately! Not only liability but also excess or umbrella liability as well to achieve higher limits of protection!
Thanks for the explanation, I guess DA James is saying that, among other things, the insurance doesn't have enough excess funds to pay off the bond if necessary. So, at what point would money actually change hands? If the appeal is lost?
Good question. I think the other issue that the DA has raised is whether the surety has "authority" to issue bonds in NY. Meaning are they licensed. With regard to the appeal being lost, I believe the defendant would need to satisfy the judgment immediately and if he is unable to the bond is called.
I think this is a somewhat dated idea. Cyber insurance and particularly widespread adoption of it has led to threat actors targeting business that are know to be or likely to be well insured. They often work directly with the insurance providers in ransomware scenarios. The problem has escalated somewhat due to the side business of providing expensive policies.
Thank you 😊 I’m in personal lines currently and moving to commercial. I’m excited and ready to take on. It’s a great move for me and will keep me involved.
Congrats and good luck!
Excellent information. Better than any I’ve seen. Thanks
thanks very much! I appreciate that.
Great vid! Could you make a new video about BBB (bank blanket bonds) insurance? Or a series of fidelity insurances? Thanks!
Good idea! I'll add it to my list. Thanks!
Hi, How to pass P&C exam in Puerto Rico? The exam is in Spanish
NEXT insurance customer service is absolutely ridiculous. I got a price hike in my account and when I called was told “The AI determined that you build houses and so your policy changed. There is no way to change it”. I don’t build houses, never have.
I like your information presented. I am looking to know if there is a central data reporting place where all cargo damages, theft, losses are reported by insurance companies for the USA? Your help is greatly appreciated.
Awesome videos. Who determines the replacement value? Is it the responsibility of the agent to include some documentation or alignment of property value?
Good question. For many small business policies, the insurance company's rating system will identify an estimated replacement cost of buildings based on square footage. In other cases the agent may be able to give you an estimate, but the most accurate way to determine replacement value is to hire an appraiser to determine the replacement values.
@TheCoyleGroupNY Thank you so much. Do you know where I could find a list of appraisers for commercial real estate?
There are also fraudulent staffing agencies piggybacking, using fake insurance certificates, or other friends business insurance certificates without having real workers comp insurance for their employees, then charging their clients for insurance when they dont have any at all. It's fraud. Check this out: mrspiggydom.blogspot.com/
What type of insurance license do i need to sell ocean cargo insurance i live here in California.
You should check in with the California Insurance department's website, but in NY, where I'm located, you would need a Property & Casualty Brokers license. Hope that helps.
Thank you, this is so enlightening. However, I would like to know the difference between credit insurance and credit bond insurance. Who is expected to buy each of them and how cover is arranged. Looking forward to hearing from you. Sherif Ganiyu.
Hi Sherif, not sure what a credit bond is? Never came across it. Sorry I don't have a better answer for you.
Hii What’s the process to register into it ? My owner want to have it for his business
As a CIP that is new to commercial insurance, I find this so very valuable. Thank you for putting this post up. Much appreciated from one professional to another.
You're welcome! Thanks so much for the comment and kindness, really appreciate it!
I can't wait to see what you'll create next.
Thank you for the information.
you're welcome, thanks for your comment!
THANKS SIR
Promo>SM
Hi! Do you recommend making a certificate for each shipment? When do you have to make a certificate according to the incoterms?
Friend your videos are very nice and videos are very useful❤❤❤❤🎉🎉🎉🎉
Thanks for the informative video. Could you speak to the Allocation of defence costs in a settlement for non-covered losses? It seems to me that some wordings are such that the defence costs alone can bankrupt a company who has subscribed to all Sides. Thanks!
Very helpful
thanks!
Nice sharing 😀 👍 👌 Stay lucky thanks for sharing 😊
Friend your videos are very beautiful 😊😊❤😊❤❤😊😊❤❤😊