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Insight & advice from the experts at Marshall & Sterling

 
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Insuring Vacant Property & Buildings in the VI
Vacant properties are susceptible to undetected damages, such as fire, water damage, electrical explosions, wind or hail damage, and mold. In addition to extending coverage, there are some simple steps that owners of vacant property can take to limit their risk and liability.
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Ransomware Prevention Guidance to Businesses
As ransomware attacks continue to rise in both cost and frequency throughout the country, the federal government is urging businesses to take this evolving cyber threat seriously. The White House is recommending that businesses convene with their senior leadership teams to review their ransomware exposures and implement these top cybersecurity measures:
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Are you prepared? Severe Thunderstorms
Every thunderstorm produces lightning, which is extremely dangerous. Though lightning fatalities have decreased over the past 30 years, lightning continues to be one of the top three storm-related killers in the United States.
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Staying Safe on ATVs
To remain safe while operating an ATV, practice the following safety tips:
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Time to think about starting up or replacing your generators
Have you checked your generator lately?  If not, now is the time! View these tips for generator safety, and where to buy or service a generator in St. Croix.
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Closing your business? Consider this...
"I’m closing my business and want to cancel my insurance" Before you close everything down, please consider the following:
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IRS Issues FAQ Guidance on ARPA COBRA Subsidy
On May 18, 2021, the Internal Revenue Service (IRS) issued Notice 2021-31, providing important guidance to employers and plan administrators regarding implementation of the COBRA subsidy rules under the American Rescue Plan Act (ARPA).
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Homeowners Insurance and the Rising Cost of Building Materials
The surge in building material costs could pose coverage consequences for homeowners. Increased building material and construction prices may lead to higher homeowners insurance claim expenses, seeing as it would currently cost more to repair or rebuild a home following a loss. In light of these concerns, consider taking the following measures:
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NY State Enacts Workplace Health & Safety Protections
On May 5, 2021, Governor Andrew Cuomo signed the New York Health and Essential Rights Act (“HERO Act” or “Act”) into law.  The HERO Act is intended to prevent the spread of airborne infectious diseases in the workplace. The Act includes two distinct sections that apply to all New York private employers with at least one employee. Each section of the law has a distinct effective date.
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Insure your Summer Fun
Before you put the boat on the lake or get the ATVs out of storage, check with your insurance agent to make sure they are properly protected.
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