https://completemarkets.com/Article/article-post/1528/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-TABLE-OF-CONTENTS/
... Risks posed by litigation 4.2 Claims by clients for errors & omissions and...in dealing with the agency, my assets, and my doctors, if I become disabled? S...
https://completemarkets.com/Article/article-post/932/DEVELOPING-BROKER-SERVICES-AGREEMENTS/
...on and measurement, loss control, claims consulting, and actuarial studies. A...ements can pave the way from which you and your insured can develop a service ...
https://completemarkets.com/Article/article-post/793/Understanding-And-Using-The-Services-Of-Program-Administrators/
...mpanies. Rarely do PAs administer claims, since their primary purpose is to ad...The use of PAs will add to the profits and retention of your business.
https://completemarkets.com/Article/article-post/971/AVOIDING-ADVERSE-LEGAL-DECISIONS/
...e designed to cover all potential claims. To further protect the agency from l...that is often done to the productivity and sales activity of the agency operat...
https://completemarkets.com/Article/article-post/2265/THE-NEXT-GENERATION-OF-INSURANCE-AGENCIES/
...usly to avoid Errors & Omissions claims. Quality is a thought process that ev...ow them to share in the firm's success and profits. Today, you need wisdom, n...
https://completemarkets.com/Article/article-post/948/EXTERNAL-GROWTH-WITH-SUCCESSFUL-ACQUISITIONS/
...im history. Is the current policy claims made? If several agencies a...ible, come up with a composite profit and loss statement, combined company volumes and loss ratios, and distribution by line of business. D...
https://completemarkets.com/Article/article-post/2079/FINDING-A-COMPATIBLE-BUSINESS-COMBINATION/
...aving separate individuals handle claims, versus producers handling most servi... management, automation, clustering, errors and omissions, evaluations, mergers, and producer compensation. You may E-ma...
https://completemarkets.com/Article/article-post/2365/Getting-A-Company-Appointment-Part-2/
...ion and its benefits? How’s their claims service in the customer segment you’r...be good for the customer, the company, and your agency.
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/986/Preserving-Agency-Value/
... made in improving automated support in the industry, the selling and servicing of insurance policies through the independent agency system is by and large still dominated by manual intervention. As a result, the number of mistakes that are made at every level of the policy issuance and claims handling process are simply mind boggling. Willis Corroon, one of the country's largest professional insurance brokerage firms, conducted an audit not too long ago and discovered an average of 2.6 mistakes in more than 58% of the agency's insurance policies. There are undoubtedly a ... owners tend to operate with a seat of the pants management style and make snap decisions about hiring, performance, and disciplinary issues they are asking for trouble. Standardized job descriptions with specific qualifications and salary ranges for the position, written performance evaluation systems, and salary administration plans not only improve agency productivity, they also go a long way towards helping avoid legal pitfalls. Employee handbooks or personnel manuals are the best place to outline agency policies and procedures regarding employment issues. These manuals must be carefully constructed to avoid misinterpretation, and ... /2014 12:00:00 AM by CompleteMarkets Editor , Carol Hammes This content has not been rated yet. This month we will take a look at two more areas where agencies and their owners can get into serious legal and financial trouble: real or perceived errors and omissions and Equal Employment Opportunity Commission (EEOC) violations. In a society where people can sue for almost any reason and where the publicity of high jury awards makes legal action appear to be more lucrative than working for a living, it is impossible to ...
https://completemarkets.com/Article/article-post/986/Preserving-Agency-Value/
... level of the policy issuance and claims handling process are simply mind bogg...t on the morale of the other employees and the overall productivity of the agency, and yet the owners feel that they canno...