Quiz: Test Your Fire Safety Knowledge
The Fire Department City of New York (FDNY) responds to more than 2,000 structural fires (those that occur in buildings) each month. Hopefully, you'll never be involved in such…
How to Choose Directors and Officers Liability Insurance
In our litigious society, association boards and property managers need to protect themselves against legal action. Consider the following examples of actual disputes: One association board spent $1 million defending…
10 Tips for Preventing Water Damage
Did you know that water damage is the leading cause of insurance claims in multi-family buildings? Whether you own a co-op or condominium building as a rental property or you…
NYC electronics recycling: Do you qualify for e-cycleNYC?
Electronic devices represent the largest, fastest-growing component of hazardous waste sent to landfills. As of January 2015, New York City prohibits residents from disposing of electronics in the trash. But…
Will you be ready for a claim?
Do you have the right coverage for your property? While this shouldn't come as a surprise, the time for a building insurance policy review is before you need to file a…
No. 6 Oil Permits Expire July 1
Does your building still use heavy oils for heat? At this point, only 1% of New York City, or approximately 1,000, buildings use No. 4 or No. 6 oil. New…
A Peek at Celebrity Insurance Policies
Lloyd's of London has long been famous for extending its specialty insurance coverage to celebrities and their body parts. Back in the 1930s, Jimmy Durante insured his distinctive nose…
8 Ways to Lower Building Insurance Costs
When you get new insurance for your building or renew an existing policy, a representative from the insurance company will come to your building to evaluate it before setting your…
Stu Cohen Wins the Power Broker Award
Stuart Cohen, founder of the innovative City Building Owners Insurance (CBOI) Program, is the proud recipient of the Power Broker Award in real estate insurance. Administered by Risk and Insurance magazine,…