Important: As Hurricane Helene continues to impact parts of our country, Burns & Wilcox is prepared to support you and your clients. (Learn More)
For those clients who own a business of any size, it is important to obtain the necessary coverage to protect against the wide variety of risks associated with commercial operations. From general to specialized coverage, Burns & Wilcox has unparalleled access to the broadest range of Commercial Insurance Coverage available.
We are able to get a quote to propose to the insured, usually within the same day. The commitment to our partnership is key and it shows.
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The term “equilibrium” is increasingly being used within insurance circles to describe certain sectors moving toward a state of balance in terms of rates versus supply, terms and conditions. It suggests a growing opinion among industry leaders that Property and Casualty (P&C) is largely in a healthy place. This is true even after a decade-long period characterized by costly CAT…
Some businesses in Houston, Texas, were still struggling to get back up and running as of mid-July after Hurricane Beryl left many with prolonged power and internet outages, in addition to wind- and water-related property damage. Data from CoreLogic indicates that insured properties and businesses in Harris County could face between $210 million and $600 million in damages from the…
Cargo theft rates are climbing as sophisticated scammers increasingly target transportation companies using high-tech schemes, according to reports. Freight thefts that involve identity theft, double brokering and online scams are surging, Business Insurance recently reported, with virtual thefts making it possible for criminals to target companies from anywhere in the world. These methods make it faster…
Nuclear verdicts of $10 million or more are increasing, according to a new report from the U.S. Chamber of Commerce. Between 2013 and 2022, the average nuclear verdict was $89 million; half were between $10 million and $20 million, a third were between $20 million and $50 million, and 19% were considered \"mega\" nuclear verdicts at over $100 million, Insurance…
Work-related fatalities at New York City building construction sites reached their lowest point in almost 10 years in 2023, according to new data from the city, but work-related injuries increased 25%, Safety+Health magazine reported on May 23. The Department of Buildings\' annual Construction Safety Report indicated that there were 841 building construction-related incidents, 692 injuries and…
From theft and vandalism to product recalls and lawsuits, cannabis companies face a variety of risks as they operate in a rapidly changing industry. To learn how Cannabis Insurance can help protect these businesses against losses, we spoke with Jason Scheurle, National Product Leader, Cannabis, Burns & Wilcox, based in Philadelphia, Pennsylvania. What are some of the greatest risks in…
Cannabis could be reclassified from a Schedule I to a Schedule III drug under a new rule recently proposed by the U.S. Justice Department, according to reports. While some experts say it represents a historic shift in policy, the proposed change would not legalize marijuana, but would ease federal restrictions on the substance and put it in the same class…
A woman who was assaulted in her apartment after a stranger broke in through the unit\'s back sliding door is suing the housing complex for over $1 million, claiming the attack could have been prevented if the broken back door lock had been fixed when she and her roommate first reported it. The Austin, Texas, woman filed the lawsuit against…
