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...y have to pay them overtime? The Fair Labor Standards Act of 1938 requires t... possible to keep all the balls in the air for several years, but they'll come...

... number of claims. If your home has been destroyed, or yours is a serious case, tell your independent agent that you need priority help. 2. Before you enter a flooded building, make sure it is not in danger of collapse. Let your house air out to remove to remove foul odors or escaped gas. 3. Be alert for holes in the floor, loose boards, hanging or loose plaster, snakes, and other hazards. 4. Don't smoke or use an open flame until you are sure it ... making necessary emergency repairs afterward. 10. If possible, keep a claims log-a file of copies of loss notices or a log of all losses-so that you can follow up later. You may find it necessary to substantiate claims for company loss and contingency purposes. A separate file or log will make it easy for you to figure out your loss experience, which can be helpful in determining the disaster's effect on your profitability, Also, this separate account may be useful for publicity purposes. Maintain a separate log for each carrier. ... heavy furniture that could topple, such as bookcases, china cabinets, and wall units. Consider bolting these to the wall. Hot water heaters that can pull away from pipes and rupture. Large appliances that could move far enough to rupture gas or electrical lines. Hanging plants in heavy pots that could swing free of hooks. Heavy picture frames or mirrors over the bed. Latches on kitchen or other cabinets that will not hold the door closed during shaking. Breakables or heavy objects that are kept on high or open shelves. A ...

...ts or making necessary emergency repairs afterward. 10. If possible, keep a c...g. They had arranged their personal affairs so they could devote their full ti...

... don't see a problem in operating with a ratio below 100% as long as they can make their payments every month, even if they have to tap into their line of credit a couple of times a year. It's possible to keep all the balls in the air for several years, but they'll come crashing down with the loss of a single major account, or a shift to installments or direct billing on a significant portion of your agency's premiums. If that happens, your agency could be taken over by an insurance company ... time or another during the year, more than half of the country's insurance agencies use premiums to help fund agency operations. In some states it's illegal for agents to be out of trust. In others it's grounds for losing a license. If your state doesn't have separate trust requirements, you may assume you're in the clear until an insurance company asks to see your balance sheets. Many companies will pull a contract or refuse to plant with an agency that's not taking its fiduciary responsibilities seriously. Many company contracts now require the agency ... maintain a separate trust account. A number of agency owners don't see a problem in operating with a ratio below 100% as long as they can make their payments every month, even if they have to tap into their line of credit a couple of times a year. It's possible to keep all the balls in the air for several years, but they'll come crashing down with the loss of a single major account, or a shift to installments or direct billing on a significant portion of your agency's premiums. If that happens ...