Articles

Wm. J. Fagan & Sons, Inc. Inducted into New York State Historic Business Preservation Registry

Wm. J. Fagan & Sons, Inc. was inducted into the New York State Historic Business Preservation Registry on Friday, May 9, 2025, 10:00 AM at 15 First Street in Troy, New York. This special recognition highlights businesses that have operated for at least 50 years and have made significant contributions to the history and identity of their communities. The registry is administered by the NYS Office of Parks, Recreation & Historic Preservation.

Changes to Business Owners Policy

Traditionally, a business owners policy (BOP) offers businesses an excellent alternative to purchasing business income insurance on a standalone basis. While most BOPs still include business income insurance, many providers have taken measures to limit this coverage.

Online Posts Can Be Risky

A recent survey conducted by a major insurance company shows evidence that blog posts, tweets and other online communication could have deleterious consequences for individuals and their employers.

“A foolish post or a tweet could cost you a job or even trigger a libel lawsuit,” says Christie Alderman, vice president of Chubb & Son and new product and services manager with Chubb Personal Insurance. “We all should think twice before posting any comment online.”

If Your Business Leaks Contaminants...

Damage from a fire, flood or other disaster might not stop at your property line. If the damaging force causes pollutants or contaminants from your property to enter the environment, such as leaking onto a neighboring premises, your business can be held liable for the cost of cleanup.

Wm. J. Fagan & Sons, Inc. is a family-run, fourth generation, independent insurance agency providing professional advice and custom policies from a variety of leading insurance carriers in New York State.