NYC Marathon to Collect on Cancellation Insurance

The New York Road Runners Club will be collecting on an event cancellation policy after this year's New York City Marathon was cancelled due to Hurricane Sandy and its aftermath.  Click Here to read Insurance Journal's article about the ongoing process of collecting on that policy. 


Event Cancellation Insurance is an important coverage for many businesses including:
-  Professional Sports Teams
-  College Athletic Departments
-  Golf Tournaments
-  Fund Raising and Charity Events
-  Bowl Games and All-Star Games
-  Even Weddings!

Event Cancellation Insurance can be structured a number of different ways depending on the insureds coverage needs, finances, event type and many other factors.  Coverage can be structured to cover a single event such as the MLB All Star Game, a number of games during a season or so that the payout occurs when a specific amount of rain falls during a specified time.  It is important for the organization to identify the amount they can not afford to lose and then structure the coverage to ensure this important amount of revenue is always there.

Boca Insurance Group are experts in structuring and obtaining event cancellation coverage that meets your needs and provides peace of mind for event organizers.  Call us today for a quote on your Cancellation Insurance- 954-596-0691 or e-mail us at Pat@bocainsgroup.com 

Florida Workers' Comp rates may rise 6.1%

A proposed statewide average 6.1 percent increase in Florida’s workers’ compensation rates could spur the first major legislative changes in the state’s system since 2003. 

The National Council on Compensation Insurance filed for the 6.1 percent increase in August, marking the third consecutive rate increase after seven consecutive decreases following a 2003 rewrite of the state’s workers’ compensation law. Even if regulators approve the current rate filing as submitted, those reforms have seen Florida’s rates drop by 56 percent.

This article on the Insurance Journal's website explains more about the proposed 6.1% increase and more impending increases if the legislature fails to act to curb some of the costs.

Boca Insurance Group handles all forms of insurance including workers compensation.  Call us today to discuss your options 954-596-0691 or e-mail us at pat@bocainsgroup.com.
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How To Use Linkedin for Small Businesses

While this is not an insurance related article, it offers some great advice for small businesses on how to use linkedin to promote your company.  Boca Insurance Group is a great resource to help small businesses with their insurance needs.  We are looking to help you navigate the complicated world of small business insurance.  Call us today with any questions- 954-596-0691 or e-mail me at Pat@bocainsgroup.com