Business Insurance Archives - Kapnick Insurance Group

Sep 12

Navigating Professional Liability in the Construction Industry

By Kapnick Insurance Group Business Insurance, From the Experts

In the evolving landscape of construction, contractors often find themselves providing professional advice, straddling the line between design and construction. This shift has led to an increased exposure to professional liability, necessitating a closer look at Contractor’s Professional Liability Insurance. General liability insurance covers bodily injury or property damage resulting from negligence, but what about financial damages caused by negligent professional advice? That’s where professional liability insurance comes in handy.

Sep 05

Navigating Labor Challenges in Manufacturing: A Holistic Approach

By Kapnick Insurance Group Business Insurance, From the Experts, Risk Solutions

The manufacturing sector is facing a significant labor challenge due to an aging workforce, skills gap, and gender disparity. To tackle these issues and ensure long-term sustainability, a holistic approach is necessary. At Kapnick, we understand the importance of addressing labor challenges comprehensively, and we have solutions.

Aug 28

Taking Back Control: A Smarter Approach to Insurance Program Funding

By Kapnick Insurance Group Business Insurance, Case Studies, From the Experts, Insurance

Are you feeling stuck in a rut with your insurance program funding? Too often, brokers offer only one solution – guaranteed cost. While this method may be straightforward, it’s often the most expensive way to transfer your risk. But what if I told you that there’s a better way?

Aug 22

Unlocking Industry Insights: The 2023 Manufacturing Benchmark Report

By Kapnick Insurance Group Business Insurance, Insurance, Insurance Update

Navigating the intricate landscape of the manufacturing industry, especially when it comes to risk management, requires a deep understanding and specialized coverage solutions. Here’s where Kapnick Insurance shines. As part of our ongoing commitment to provide industry-specific insights, we’re excited to share our 2023 Manufacturing Benchmark Report.

Aug 21

Strengthening Safety and Mitigating Risks: Solutions Amid Michigan’s Overruling of Open and Obvious Defense in Slip and Fall Litigation

By Kapnick Insurance Group Business Insurance, Legislative Updates, Risk Solutions

In a landmark decision, the Michigan Supreme Court has recently overruled decades of case law regarding the open and obvious defense in slip and fall litigation. This ruling has far-reaching implications for property owners, as it eliminates a commonly used defense strategy. It is crucial for business leaders to understand the implications of this decision and take proactive steps to address the issue. Kapnick can help.

Aug 15

Key Construction Industry Trends for 2023 and Beyond

By Kapnick Insurance Group Business Insurance, From the Experts, Insurance, Kapnick News, Market Forecast

There is an abundance of information concerning the evolving trends in the construction industry. From our recent Benchmark Report, I’ve identified four key trends that are particularly relevant as we look towards 2023 and beyond.

Aug 08

Implications of Michigan Supreme Court Overruling Open and Obvious

By Kapnick Insurance Group Business Insurance, Risk Solutions

The recent ruling by the Michigan Supreme Court to eliminate the open and obvious defense in premises liability cases has significant implications for property owners. This ruling removes a common defense used to avoid liability, potentially leading to more cases being filed and higher litigation expenses for property owners. To prevent financial losses in premises liability cases, property owners need to take proactive steps and implement effective safety measures. Here’s what you need to do: Conduct regular inspections and maintenance checks on all areas of your property, both inside and outside. Proactively identify potential hazards through regular assessments to address…

Jul 31

Unlock Insights with Our 2023 Construction Benchmark Report

By Kapnick Insurance Group Business Insurance, Insurance, Insurance Update

As a business owner, you know that the decisions you make can have significant impacts on your success. That’s why we have exciting news to share! Our latest industry-specific benchmark report focuses on the purchasing decisions of insurance buyers in construction, and we’ve just released our benchmark report for 2023. The construction industry generates $1.3 trillion of economic activity annually and employs almost 8 million people. As we navigate the uncertain economic climate, knowledge is power. In 2021, overall construction spending increased by 7 percent, while residential construction spending decreased this year. Infrastructure spending has seen an uptick– thanks in…

Jul 28

The Power of Accurate Property Valuations

By Kapnick Insurance Group Business Insurance, From the Experts, Insurance

Understanding your property’s value is key to safeguarding your investment. At Kapnick Insurance, we’re here to help you understand and capitalize on the power of accurate property valuations.

May 23

Streamlining Risk Management with Parametric Insurance

By Kapnick Insurance Group Business Insurance, Specialty Insurance

Parametric insurance is quickly becoming a popular option for those looking to manage their risk in an efficient and cost-effective way. This innovative form of risk transfer provides policyholders with immediate financial payments triggered by pre-defined events or conditions, rather than

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