https://completemarkets.com/Article/article-post/225/E-O-Risk-Management-When-Using-Surplus-Lines-Companies-Part-I/
...nies. Because these carriers are usually not admitted to do business in a particular state, they fall under the state’s Surplus Lines laws and regulations, which usually include:
A Surplus Lines premium...plus Lines broker countersignature endorsement that must be attached to the po...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2090/KEEP-YOUR-CLIENTS-OUT-OF-HARM%E2%80%99S-WAY/
... your clients' coverage accordingly, they might face exorbitant bills if their home or other property is destroyed. As their agent, you might be liable for failing to ensure that they had adequate coverage. Most carriers offer their agents online Insurance to Value (ITV) estimators that can give you and your clients peace of mind. Contact your policyholders today and update their coverage. ‘OTHER STATES' CLAUSE This issue involves Commercial Lines clients whose employees travel to another state for work. Coverage for this is indicated in the Other States Insurance clause of the Workers Compensation policy. Here's how most policies read: The other state's insurance applies only if one or more states are shown in Item 3C of the Information Page. If the insured begins work in any one of those states after the ... is number four. Let's say that you insure a contractor who has gone to a storm-ravaged state for work. Their policy will cover the employees, provided that they began working in those states after the Workers Compensation policy went into effect if the state was not indicated on the policy. Now the policy comes up for renewal and the employees are still working in those states. Unless the policy is endorsed within the proper time period, your contractor might not have Workers Compensation insurance for its employees — a significant gap in coverage. How would you know if you have an account with this potential exposure? Depending on the size and structure of your agency, I'd recommend contacting these types of clients personally. If this isn't feasible, contact them in writing at least 30 days before their effective date ...
https://completemarkets.com/Article/article-post/1092/CUT-THROUGH-ENDORSEMENTS/
...he primary carrier and reinsurer usually attach a cut-through endor... be applicable. Finally there's the issue of fina...
https://completemarkets.com/Article/article-post/229/Agency-Risk-Management-Of-Soft-Market-Hard-Market-Exposures/
...e new carrier doesn’t include.
This all boils down to the fact that your agenc...ubmitted after the policy expires. Normally, the policy is designed to cover c...
https://completemarkets.com/Article/article-post/1850/THE-2011-ISO-HOMEOWNERS-NEW-AND-IMPROVED/
...overed for extended periods, potentially increasing the severity of the loss. ...l Motor Vehicle Liability Coverage Endorsement ISO has reduced the coverage in this endorsement by adding motor scooters to the...
https://completemarkets.com/Article/article-post/1098/HARD-MARKET-SHENANIGANS/
...’t competitive. They’re allegedly relying on the carrier’s g...er to the department of insurance and call for a public hearing. It’s li...
https://completemarkets.com/Article/article-post/1093/FOLLOW-UP-ON-CERTIFICATES-OF-INSURANCE/
...u should be the one following up on all of those certificates. ... members dealt with, the agent unilaterally (without the insurer’s knowl...
https://completemarkets.com/Article/article-post/1851/INTERDEPENDENCE-AMONG-ASSOCIATIONS-UNDERWRITERS-AND-AGENTS/
...ymbiosis: any interdependent or mutually beneficial relationship between two o...n offering, and thus they will control all elements of a sponsored insurance p...
https://completemarkets.com/Article/article-post/989/Agents-Responsibility-For-Company-Insolvency/
...nals and as a result agents were usually not held responsible for errors and o...could simply be the results of the installation of a new computer system. Form...
https://completemarkets.com/Article/article-post/1437/
...jobs to be included and then having all the employees doing each job list the ...uter files with any new or renewal endorsement or cancellation type of changes...