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...ariety of benefits to independent agents and brokers. It provides a perfect to...t your corresponding broker in advance and frequently thereafter. Talk to ...

...rs. CRM for life insurance agents really shines when tracking health ch...ion toward precision, personalization, and proactive risk management.

...ed to the industry’s service crisis and offer recommendations for solving the ...e insurance industry is over-promising and under-delivering.'

... Or Indemnification Clause
P/C agents often have reviewed contracts and lea... recognizing the concerns of the other and with cooperative rather than advers...

... an amount that might be insufficient to provide full coverage, you'd be wise to have them sign an agreement stating that they chose the specific amount of insurance. Granted, this course of action won't relieve the agent's liability if the insured assumed in any way that the agent would provide sufficient coverage to protect the insured's property, as was the case in the court action cited. E. Al Diamond is president of Agency Consulting Group, Inc., 507 North Kings Hwy., C., Cherry Hill, NJ 08034. ... New Jersey ruling, it highlights the potential for exposure in all states. Our subsequent conversation revealed a simple method of avoiding this E&O issue. See our remarks at the end of this article about how to protect yourself In a malpractice suit against an insurance broker by its customer, the New Jersey Supreme Court decided that insurance brokers may not rely on a customer's failure to read his insurance policy as the basis of a defense of comparative negligence. Aden v. Fortish, 169 N.J. 64 (2001) Before this ... consideration based on existing decisional law. The Supreme Court indicated that inasmuch as the broker stands in a fiduciary relationship to the insured, brokers may not diminish their liability under the comparative negligence act when the alleged negligence of the client relates to the past for which the professional was hired. That rule is premised on the heightened responsibility of professionals in this state. The court based this decision on the principles of two previous cases: Rider v. Lynch, 42 N.J. 465 (1964), and Weinisch v. Sawyer, 123 ...

...companies must react accordingly. Agents must take the initiative in a number ...ng a professional job for your clients and your carriers is the best way to protect all parties and sets your agency apart as a professional and ethical entity.

... rated yet. DEMAND CAREFUL POLICY REVIEW Because insurance policies are legal documents, some risk managers might assume that they've been subject to meticulous examination by the insurer and the broker before being delivered. A careful review of the policy by the drafters and by the broker or agent should guarantee that the policy fully expresses the intentions of the insurer and the expectations of the insured and that it uses proper grammar and punctuation. After all, these documents are often interpreted by the courts, where subtle nuances of word choice, punctuation, and ... 4/30/2013 10:40:04 PM by CompleteMarkets Editor This content has not been rated yet. DEMAND CAREFUL POLICY REVIEW Because insurance policies are legal documents, some risk managers might assume that they've been subject to meticulous examination by the insurer and the broker before being delivered. A careful review of the policy by the drafters and by the broker or agent should guarantee that the policy fully expresses the intentions of the insurer and the expectations of the insured and that it uses proper grammar and punctuation. After all, ... an indication of more serious problems with the agent or broker than just plain oversight. Remember: Insurance policies are legal documents — treat them as such! Reproduced with permission from riskVue, a free monthly online magazine from Warren, McVeigh & Griffin for risk and insurance professionals. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save yourself a whole lot of time & money when ...

... Resources & Links Categories Popular Recent All Back Insurance Policies Demand Careful Review!4/30/2013 10:40:04 PM by CompleteMarkets Editor This content has not been rated yet. INSURANCE POLICIES DEMAND CAREFUL REVIEW! Because insurance policies are legal documents, some agents and brokers mistakenly assume that they have been subject to meticulous examination by the insurer prior to delivery. A careful review of the policy by the drafters and the broker or agent should guarantee that the policy fully expresses the intentions of the insurer and the expectations of ... insured, and that the documents use proper grammar and punctuation. After all, these documents are often interpreted by the courts, where nuances of word choice, punctuation, and grammar may make the difference between a covered claim and an uninsured loss. Unfortunately, the level of quality control of even the most prestigious of agents, brokers, and insurers is sometimes low. Poor English is often the rule, and the readability of some policies can be described only as tortuous. One judge reviewing a Directors and Officers Liability policy compared ... carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and ...

...he issue of comparative negligence, and had held that the issue was one for th...of action won’t relieve the agent’s liability if the insured assumed in any wa...

...SS CLIENT Part 4 of 4 INSURANCE AND RISK MANAGEMENT This is the general...s. Of the two, the CPCU is the more demanding, but the RM more pertinent.