https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2141/E-O-IN-COMMERCIAL-AUTO/
... Auto exposure and that you write this coverage for them. The type of risk determines the Auto exposure and, for many of those customers, the exposure probably involves vans and/or trucks of various sizes. Although "errors or omissions" from this line of business amount to only around 6% of E&O claims, when they occur, they tend to be much larger than with other coverages. What could go wrong? Because writing Commercial Auto is not overly complex, you might question what could go wrong. ... and the insured alleges you hadn't provided the proper coverage. When providing an Umbrella, especially with a different carrier than the primary, check that the necessary underlying limit requirements are being satisfied. Adding or deleting the wrong vehicles from a policy. With a Commercial Auto fleet of significant size, maintaining an accurate list can present a challenge. When the customer contacts you to add or delete specific vehicles, get the request in writing. This will help ensure that you're modifying the policy correctly, not only for the vehicles, but ... , checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back E&O In Commercial Auto 4/30/2013 10:44:08 PM by CompleteMarkets Editor , Curtis Pearsall This content has not been rated yet. E&O IN COMMERCIAL AUTO by Curtis Pearsall In virtually every Commercial Lines agency, there's a good chance that most of your ...
https://completemarkets.com/Article/article-post/549/Outsource-Claims-Management-Realize-Reduced-Costs/
...nd aggravation of an ineffective business model.
CASE HISTORY
Let's examine...d parties should consider the managed auto care model. After all, no agency wo...
https://completemarkets.com/Article/article-post/2158/Trade-Secrets-Value-And-Ownership-Issues/
... them as trade secrets, books of business, or expirations, the major asset of ... to them as trade secrets, books of business, or expirations, the major asset ...
https://completemarkets.com/Article/article-post/899/The-Art-Of-Making-Sales-From-Those-Who-Do-It-Best/
... standing on my head to get your business.”
A little dramatic? Perhaps. Howeve...ommittee on why they should get the business, focusing on what they could offe...
https://completemarkets.com/Article/article-post/358/Advice-As-A-Value-Added-Benefit/
...proved his odds in retaining our business. (By the way, he now handles all of ...Whether you're dealing with a company fleet or a single auto, you have the tools to help clients...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2159/PIRACY-OF-EXPIRATIONS/
... behavior of "pirates." Roy Phillips and Thomas Braniff share their experiences from being retained more than 20 times by agencies to give their opinions on the standards of care owed to an agency in protecting of customer lists (expirations), when agency employees take the business and convert it to their personal benefit. This phenomenon isn't limited to non-owner producers absconding with these valuable agency assets. We've seen similar conduct by agency officers and partners. And lest we forget, service personnel can copy the trade secrets of the firm, and ... the insured's firm and how you should relate to lines of authority, when and if they change. Taking this one step further, who in the firm can provide the information that you need to keep abreast of the company's operations? Your rapport with the comptroller, fleet manager, human resources director, operations manager, marketing manager, and others is essential. We've all heard about the need to learn who's who from top to bottom in our insured's company structure. The only change we'd make is that we need to know who's ... of termination benefits provided that the Agent returned records and files, and agreed in writing not to service policyholders, or compete or interfere with insurer's business, agent who admittedly did not live up to such commitments was not entitled to termination benefits." State Farm Mutual Auto Ins. Co. v. Anderson, 70 NJ Super 520 176 A. 2d 23 (1961) . Whether you refer to them as trade secrets, books of business, or expirations, the major asset of an insurance agency consists of the information related ...
https://completemarkets.com/Article/article-post/2159/PIRACY-OF-EXPIRATIONS/
..., when agency employees take the business and convert it to their personal ben...“common calling” in the business of insurance. Simply stated, it&#...