When it comes to maritime shipping, one of the most critical—and often misunderstood—concepts is General Average (GA). Whether you’re a first-time shipper or an experienced logistics professional, understanding General Average and its impact on your cargo insurance costs is crucial for protecting your business. In this article, you’ll learn how General Average works, how it…
Read More
The food industry is undergoing a dramatic transformation fueled by the rise of Artificial Intelligence (AI) and automation. These technologies offer unparalleled advantages—boosting efficiency, cutting operational costs, and improving product consistency. However, as with any disruptive innovation, the implementation of AI and automation introduces new and complex risks that food businesses must proactively address. This…
Read More
As climate change accelerates, businesses face unprecedented challenges that extend beyond environmental concerns into financial stability and operational continuity. The increasing frequency and severity of extreme weather events—ranging from hurricanes and floods to wildfires and droughts—are reshaping the landscape of commercial insurance. Understanding these shifts is crucial for businesses aiming to protect their assets and…
Read More
Climate change is transforming the insurance industry as rising global temperatures contribute to more frequent and severe natural disasters. From wildfires and hurricanes to extreme flooding, these events create financial instability for individuals, businesses, and insurers alike. In response, the industry is developing innovative solutions to mitigate risk and promote sustainable practices that enhance long-term…
Read More
Climate change is a reality impacting individuals, businesses, and industries worldwide. From increasing natural disasters to shifting weather patterns, these changes are creating new risks that traditional insurance models struggle to address. In response, the insurance industry is evolving, offering innovative solutions that enhance climate resilience insurance and ensure financial protection against environmental disruptions. New…
Read More
In an increasingly interconnected world, the food import and export industry faces mounting challenges due to geopolitical shifts, economic sanctions, and global trade uncertainty. Political instability, trade wars, and government intervention in trade can disrupt supply chains, restrict market access, and cause financial losses for businesses engaged in international commerce. For food industry executives, mitigating…
Read More
Global trade in food products has never been more complex, with evolving regulations, fluctuating tariffs, and compliance challenges impacting importers and exporters alike. For executives in the food import and export industry, customs bond insurance is a critical tool in ensuring smooth operations while avoiding costly delays and penalties. Understanding the nuances of import export…
Read More
The global food trade is fraught with complexity, and for businesses importing and exporting perishable goods, navigating the intricacies of sanctions and restrictive trade agreements can feel like walking a tightrope. Compliance failures can result in hefty fines, reputational damage, and the loss of insurance coverage. Understanding the insurance implications of trading goods under sanctions…
Read More
In the world of food importing and exporting, cold chain logistics form the backbone of operations. Whether it’s fresh produce, seafood, dairy, or pharmaceuticals, maintaining optimal temperatures throughout the supply chain is crucial to preserve product integrity and meet stringent regulatory requirements. However, this essential process comes with unique risks, particularly when it comes to…
Read More
Product recalls can be devastating for businesses, leading to significant financial losses, reputational damage, and potential legal liabilities. Additionally, in today’s competitive marketplace, consumer safety is paramount, and regulatory oversight is more stringent than ever. Regardless of your industry—whether it’s food, beverage, automotive, electronics, or pharmaceuticals—the cost of recalling a defective or contaminated product can…
Read More
Coughlin Insurance Services, Inc.
178 Myrtle Boulevard, Floor 2, Larchmont, NY 10538
Toll Free : (800) 542-0661
Tel: (914) 834-1234 Tel: (212) 593-0200
