A Commercial Property insurance policy is designed to pay for business property that is destroyed (like in a fire), damaged or stolen. That property typically includes: Your building: The structure itself and can also include permanently installed fixtures, machinery, and equipment. Contents of your building: Inventory, office equipment, and other supplies. Other people’s property: Items left in your care, custody, or control.Your assets can be insured for actual cash value or on a replacement-value policy, which pays for what you need to buy brand-new replacements. A cash-value policy will cost you less, but it only pays out the item’s depreciated value.
General Liability Insurance
Sustaining growth and profitability requires a robust loss control program supported by the strength of Commercial General Liability (CGL) insurance. The Rubin Group is poised to provide our clients with such a program. We look at each client’s business and operational profile to determine the extent of its exposures and how to best address them. Whether you are a small technology firm serving local clients or a property manager with a diverse portfolio of projects across the country, we have the depth of expertise to help you manage your risk and widen your path to profitability.
Umbrella/Excess Liability Insurance
Very few businesses can weather catastrophic liability losses, making the addition of Commercial Umbrella/Excess Liability insurance critical to the line of defense in protecting your assets and the company you built. While primary policies, such as Commercial General Liability and Automobile Liability, transfer your liability risks, when a significant loss that can run into the millions occurs, Umbrella/Excess Liability insurance kicks in. Think about it, today’s litigious environment calls for the extra protection you and your business will get under an Umbrella.The Rubin Group insures a wide range of businesses of all sizes. Part of our success and longevity comes with evaluating your risk, determining the limits that will address these risks and what other insurance forms will respond when it comes to high-exposure claims.
Auto Liability & Physical Damage Insurance for Vehicles
The driving force behind The Rubin Group is to help our clients protect themselves against unforeseen losses and accidents. We offer a portfolio of insurance products designed to serve as a safety net for your assets. This includes providing Automobile Liability and Physical Damage insurance – whether you utilize company-owned commercial vehicles or have some of your employees using their own vehicles for work. In all cases, Commercial Auto insurance is required to protect your firm from losses caused by auto accidents.
Workers’ Compensation Solutions
For both large and small companies Workers’ Compensation insurance is a significant business expense, and even more so for high-hazard industries such as construction and manufacturing.A number of factors contribute to the cost of insurance, including rising medical costs and prescription drug therapy, a company’s loss history and how these losses compare to other comparable businesses within its sector, frequency and severity of claims, and fraudulent claims, among other issues.Our objective at The Rubin Group is to offer you Workers’ Compensation insurance as well as solutions and strategies to help you improve employee return-to-work timeframes, increase on-the-job-safety and drive down costs.
Offering Group Disability insurance as part of your benefits package allows your business to strengthen its recruitment and retention strategy to help attract and keep quality employees while also providing a safety net in the event they become ill or injured and are unable to work. A Group policy allows employees to obtain this valuable coverage whey they may not be able to do so on their own – either because of their medical history or financial limitations.The Rubin Group offers both Group Short-Term and Long-Term Disability insurance to protect your employees’ most valuable asset: the ability to earn income while they are out of work. The premiums on a Group policy can be paid by you, your employees or a combination of the two, using pre-tax or after-tax dollars. In addition, you can take pre-tax company-paid premiums as a business tax deduction.
Inland Marine Insurance
Inland Marine insurance is designed to provide coverage for loss exposures that cannot be conveniently or reasonably confined to a fix location. This includes goods in transit, property held by a bailee, moveable equipment such as medical equipment and contractor equipment, and property of certain dealers and instrumentalities of communication and transportation.The Rubin Group offers many types of Inland Marine insurance policies to cover the various exposures faced by different operations. This may include businesses that ship cargo on land, construction projects, property that is constantly moved from one place to another, and property that has a chance of being damaged or lost during transport, among others.
Builder’s Risk Insurance
The Rubin Group, based in New York, specializes in the construction industry providing contractors and property developers throughout the country with the insurance portfolio of coverages they require to protect against liability and property losses – from the beginning of a project through to its completion and beyond. Part of our insurance portfolio includes Builder’s Risk insurance, also known as course-of-construction coverage.In looking how to best secure a Builder’s Risk policy, what’s important to determine is the insurable interest on a property – those who will suffer some degree of financial loss if the building is damaged or destroyed. Whether an owner or the General Contractor (GC) obtains the policy, it’s critical to ensure that coverage terms and the perils insured are appropriate for the exposure and that the limit will satisfy all insurable interests. Special consideration will need to be made as to the deductible amount and which party is responsible for its cost—the
Ocean Marine insurance
Vessel owners face a large amount of risk, particularly as today’s cargo vessels are larger than ever before, making Ocean Marine insurance the linchpin of any solid insurance program for those transporting goods. Ocean Marine provides coverage for the vessel or hull of a ship; the cargo; the freight revenue to be received by the ship’s owner; and legal liability for any negligence by the shipper or the carrier.A policy can be designed to provide protection against a wide range of causes-of-loss on a named-peril basis, including perils of the sea, such as collision, high waves, stranding; and other perils, such as damage or loss caused by pirates, jettison, fire, barratry, etc. You can also opt to have the policy provide protection against all risks, except the ones specifically excluded in the policy. Our professionals at The Rubin Group will go over how we can customize your policy to work in your best interest.
Over the years we have seen the devastation businesses have faced from catastrophic losses – whether as a result of flooding, wind, hail or earthquake damage – and the consequences of not being properly insured. The Rubin Group has the expertise and experience in the catastrophe marketplace to offer you options and effective programs to mitigate and transfer your risk from these types of losses. We insure properties vulnerable to cat exposures with solid insurance products from leading national insurers.
The ability to obtain a bond quickly is vital to a construction business to remain competitive. The Rubin Group provides a streamlined approach to getting bonds so you can comfortably bid on private, larger projects and government and municipality work. We work with contractors looking for their first bond as well as operations with an established bond history.
Environmental/Pollution Liability Solutions
Many of the industries The Rubin Group serves face environmental liability exposures, including the construction, manufacturing, real estate, transportation and other sectors, which if not properly insured against can be devastating to an operation’s bottom line. Pollution liability exposures are typically excluded in liability and property insurance forms and require Environmental Liability insurance to fill in the gaps.What’s important to realize, however, is that the coverages offered among the different Environmental Liability policies available vary a great deal, even within the same coverage line, which is why experienced professionals like us can guide you to secure the insurance required to address your risk profile. We will evaluate your business’s environmental liability risk and advise you on products that will protect you in the event of an accident, as well as procedures you can implement to minimize the chances of a claim.
Product Liability/Product Recall Solutions
In today’s global, complex and litigious environment, Product Liability and Product Recall insurance is a must for those in the business of designing, manufacturing and distributing products. Even as a retailer of products, you could find yourself enmeshed in a lawsuit involving an injury caused by a product of one of your manufacturers. One error can tip a company’s balance sheet without the correct protective measures.The Rubin Group specializes in insuring manufacturers, wholesalers/distributors, pharmaceuticals/nutraceuticals, and retailers, providing the Products Liability/Product Recall coverage needed to safeguard your operation in the event of a loss.
Cyber Liability Insurance for All Businesses
Hackers have stepped up their game over the last several years, targeting large, midsize and small companies with data breaches, phishing tactics and social engineering to trick employees into erroneously wire transferring money and hold a business’ computer network hostage until money is paid. Combine these exposures with employee negligence – lost laptops, mistakenly exposing private identity information and other acts – and the cyber landscape for today’s business is quite complex.The bottom line: If your company transacts business, markets or communicates online or you store the personal or proprietary data of others on a computer system, you have cyber liability risks.
E&O/Professional Liability Insurance Solutions
Businesses that provide professional services should have as part of their comprehensive insurance portfolio of products, Errors & Omissions (E&O), also known as Professional Liability coverage, to protect against liability as a result of a claim for an error, omission, or negligence in the performance of their professional services. E&O insurance will pay to legally defend a claim and any settlement or judgment up to the policy’s limit if you’re found responsible for financial damage to the claimant due to the rendering of services.It’s not only important to have this coverage, but to also ensure that the coverage is tailored to your industry and operation, including your liability limits and the definition under which circumstances your insurance will respond. At The Rubin Group, we take the time to truly understand your operation and tailor a policy that protects you against the exposures you face in the course of performing the services you offer.
Crime & Fidelity Insurance Solutions
Fraud, dishonesty and theft by employees are major problems confronting businesses of all sizes. In fact, according to the FBI, employee theft is one of the fastest-growing crimes in the country, with 80% of workplace crime carried out by employees. The Association of Certified Fraud Examiners has estimated that the average business bleeds 6% of total revenue from employee-related losses.To protect your business against this and other types of crimes, The Rubin Group offers Crime & Fidelity insurance to our clients.