Umbrella Insurance Policies Have Sprung a Leak (NY)

Co-op and condo boards seeking protection from excess liability – such as a serious injury to a worker during a facade project – are finding that the umbrella policies of yesteryear, with their high coverage limits and relatively low premiums, are a thing of the past. In today’s so-called “hard” insurance market, the math has been reversed: coverage is down, and premiums are up.   Read the article……………………………………..

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