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Technology is changing how insurance companies operate and provide services to their customers. The past few years have seen quantum leaps forward in the technologies available to insurance companies. The hope is that these advances will help both the customer and the insurance company, providing better coverage for a more affordable price. Here are four …
The amount of tax you owe the government results from a year’s worth of tax planning. The federal and state tax laws are complicated. An experienced attorney can help you with tax planning, putting you in a better situation come tax season. Tax Laws Are Extremely Complex Tax planning is all about being proactive. You …
If the IRS sends you a letter informing you it will conduct an income tax audit, you face official, federal procedures involving your wealth and money, whether modest or great. IRS Revenue Agents conduct audits. They are trained professionals deputized to assess additional taxes, interest, and penalties against you or your business, assuming the facts …
The recent smoke over much of the Northeast from the Quebec wildfire has made more people afraid of a potential wildfire damaging their homes. With rising temperatures and prolonged droughts, wildfires are no longer limited to the West. Homeowners often wonder what types of damage their insurance policy will pay. The answer is that it …
You may need to hire a lawyer to deal with the insurance company on your behalf to get you the money you deserve under your policy’s terms. Without one, the insurance company could get away with shortchanging you or denying your claim entirely. Claimants may experience complex coverage disputes in the following types of claims: …
According to a Wall Street Journal article, multiple hedge funds are making bets on COVID-19 business interruption claims. The early days of the COVID-19 pandemic spurred many lawsuits against insurance companies. Relying on the language of business interruption insurance policies, insurance companies denied many claims for losses that businesses suffered when they were forced to …
Misrepresentation is a risk in practically every type of insurance policy. Insurance companies rely on the information provided by applicants at the beginning of their relationship to properly set the premiums. Insurance companies are in the business of taking on risk, and they need to know how much risk they are assuming. Although insurance companies …
By Robert S. Schwartz, Esq. On February 28, 2023, the United States Supreme Court held that the Internal Revenue Service (“IRS”) exceeded its statutory authority by collecting excessive penalties on federal income taxpayers for their negligent failures to timely file accurate, annual foreign financial information reports, variously known as the Foreign Bank Account Report, or …
Each year, natural disasters impact people’s lives and leave them anguished, defenseless, and left to deal with challenging aftermaths. FastCompany reports that in 2022, 18 natural disasters cost $165 billion (Hurricane Ian accounted for $113 billion of that sum) and killed hundreds. Since these disasters are unpredictable and can cause unprecedented damage to homes and …
Premises liability can be part of a homeowners’ or business insurance policy and is used to cover damages when a third party becomes injured on a property and files a personal injury claim. Like any other type of insurance case, there can be two or more sides to a story and the help of an …
Herold Law, P.A., provides a full range of legal services for businesses in New Jersey, New York, and Florida. To speak with a legal professional experienced in your area of need, call 908-679-5011 or complete our simple intake form on our website to schedule a consultation. While located in Warren, New Jersey for the convenience of our New Jersey clients, we also serve clients in New York and Florida.
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