2023 Commercial Property Insurance Market Outlook

The past five years have seen the commercial property insurance market progressively harden, evidenced by consistent rate increases since 2017. However, according to industry data, such rate jumps showed some signs of stagnation in early 2022, with average increases staying within single digits. Going into 2023, rates are still on the rise. Some insureds are…

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Halloween Safety for Children

Halloween celebrations can come with a range of fun activities and lead to lasting memories for your children. However, these festivities can also carry serious safety risks. That’s why it’s important to have precautions in place to protect your kids from the risk of Halloween-related injuries or accidents. Costume Precautions Do not let children wear…

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6 Steps to Better Cybersecurity

October is National Cybersecurity Awareness Month. During this annual event, government and industry leaders come together to raise awareness about the importance of cybersecurity. This year’s theme, “See Yourself in Cyber,” was selected to demonstrate that while cybersecurity may seem like a complex subject, ultimately, it’s really all about people. It’s crucial for businesses to…

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Preventing Repetitive Motion Injuries

While repetitive motion injuries (RMIs) are common among athletes, these injuries can occur in the workplace. Also known as repetitive stress injuries or cumulative trauma disorders, RMIs impact a broad range of occupations, including jobs that require heavy lifting and stationary office roles. RMIs occur when continuous physical stress from daily tasks damages nerves, tendons…

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General Liability Exposures Every Organization Should Know

Almost every organization faces commercial liability exposures. A commercial liability loss exposure is a condition or situation that presents the possibility of an organization becoming legally and financially responsible for injury, harm or damage to another party. These exposures stem from the kind of work an organization performs and where that work is executed. They…

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Maryland Reserve Studies and Your Association

The Maryland Condominium Act and Maryland Homeowners Association Act require associations to undertake a reserve study at least once every five years. Delaware and Virginia already required reserve studies, but all 50 states are developing similar requirements as a response to the tragic collapse of the Champlain Tower South condominium in Surfside, Florida. Maryland Reserve…

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Let’s Get Personal – How Has Your Life Changed?

The family has a new driver behind the wheel. You decide to rent out your coastal home as an Airbnb. You completed a few renovation projects, including a home office and gym. You were invited to volunteer on the homeowners’ association board and are eager to give back. You traded Corporate America for an at-home…

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