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Insurance

Why New York Towns Require OCP Policies from Contractors

When working on municipal projects in New York, contractors are often required to carry an Owners and Contractors Protective (OCP)…

April 7, 2025

Insurance

What is TRIA Insurance and Why is it So Expensive in NYC?

Terrorism risk is a growing concern for businesses and property owners in major metropolitan areas like New York City. To…

April 7, 2025

Insurance

What is an OCP Insurance Policy?

When working on construction or municipal projects, you may come across the term Owners and Contractors Protective (OCP) insurance policy.…

April 7, 2025

Insurance

The Benefits of a Standalone TRIA Policy

Businesses and property owners in high-risk areas like New York City understand the importance of protecting their assets against terrorism-related…

April 7, 2025

Insurance

How to utilize an Off-Wrap Policy to reduce Insurance Costs

How to Utilize an Off-Site Wrap Policy to Reduce Insurance Costs When working on large construction projects, contractors and developers…

April 7, 2025

Insurance

Understanding Construction Performance and Payment Bonds: Essential Safeguards for a Successful Project

When embarking on a construction project, one of the most critical aspects to ensure its success and security is managing…

February 20, 2025

Insurance

Why Performance and Payment Bonds Are Required for Public Work in New York State

When it comes to public construction projects, such as government buildings, infrastructure repairs, and other public works, safeguarding the interests…

February 20, 2025

Insurance

What Documents Are Needed to Apply for a Performance and Payment Bond?

When applying for a performance and payment bond, contractors must provide certain documentation to demonstrate their ability to complete a…

February 20, 2025

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Get the latest insurance articles, insight, and news from our blog.

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