Search CompleteMarkets

... ), Speed is the name of the game in your business, and many contractors simply don't have time to learn a great deal about their insurance programs. Unless your situation is different from other contractors, you have found yourself asking these questions: 1) Am I covered against the many things that can go wrong? 2) Is there any way I can figure lower insurance overhead into my bids? 3) Can SOMEBODY explain bonds to my satisfaction? At (Your Agency Name), you'll get straight, honest answers to these and all your other questions. We understand construction, which enables us to design a program best suited to your specific business activities (and by the way, we do not always recommend insurance) . One final question: If your main goal is lower ... and more profits- how much is your insurance contributing? Give us a call- we can help. Sincerely, 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 you use our directory of 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 ...

...iness? When do you begin your bidding process? When do you prefer ...

...re lower insurance overhead into my bids? 3) Can SOMEBODY explain bonds to my satisfaction? At (Your Agenc...

...ases. Risk managers may also handle bid, performance, and permit bonds. Professional Networking. As in ...

...licy will be accepted on commercial bids and that the carrier has the financia... can disqualify a firm from commercial bids or leave exposures uncovered. Befo...

... of loss prevention, risk managers should have general knowledge backed by their own loss information. This should enable them to determine the best method of obtaining what loss-prevention counsel is needed. Risk Function Administration. Miscellaneous duties include supervising contractors' Certificates of Insurance, attending public hearings on insurance matters, and helping legal counsel develop standards for such items as purchase orders and leases. Risk managers may also handle bid, performance, and permit bonds. Professional Networking. As in any professional field, continual contact with peers is essential. Membership in the following groups is recommended: Public Risk and Insurance Management Association (PRIMA) 1101 Connecticut Ave. N.W., Suite 1009 Washington, DC 20036 (202) 293-1892 Risk and Insurance Management Association (RIMS) 205 E. 42nd St. New York, ... risk manager must understand everything happening or about to happen in the organization. In addition to understanding the entity and its people through years of experience, the risk manager should: Physically inspect major properties often enough to know what's going on Talk regularly with key staff and operating officials Study the annual budget to attain a feel for each activity's financial aspects Review all requests for funds for changes Read contracts, bond indentures, leases, and similar documents that may have insurance clauses or indemnity (hold harmless) provisions Study reports of all insured and self-insured losses Read minutes of meetings of the governing body, and review the agenda to see whether any item has risk-management implications Establish dollar values of all significant loss potentials Risk Management Policy Development. The risk manager generally prepares a written policy for consideration and approval by ...

... and workers' compensation policies; the incumbent agent's name; the actual number of employees, locations and vehicles; and the premium range. Additional information includes responses to these questions: How long have you been with your present agency? Has your claims experience been positive? Are you prepared to switch carriers if we are competitive? What is the nature of your business? When do you begin your bidding process? When do you prefer to be called to set your appointment? The leads are qualified because the prospects wouldn't take the time to discuss their insurance with a telemarketer if they have no intention of investigating our service. The telemarketer's script emphasizes that prospects may be able to save money by moving their business to our agency, an incentive that is difficult for them to reject in today's economic ... For instance, I might raise the amount of gross receipts to $1.25 million. Dun & Bradstreet prints the prospects' names on individual cards, charging 88 cents apiece. I send the cards to the telemarketer for processing, after which it furnishes us with information about each prospect. This information includes the decision-maker's name and title; the X-dates and carriers' names for package, commercial auto, bonds and workers' compensation policies; the incumbent agent's name; the actual number of employees, locations and vehicles; and the premium range. Additional information includes responses to these questions: How long have you been with your present agency? Has your claims experience been positive? Are you prepared to switch carriers if we are competitive? What is the nature of your business? When do you begin ...