Search CompleteMarkets

...accounts, either in Personal or Commercial lines. For example, “short-term ren...vel. When a carrier falls below the standard, agency and client must decide ho...

...er of ways (for instance, inferior automated systems and nonprofessional staff...d parties should consider the managed auto care model. After all, no agency wo...

...TRAVEL Air travel: Actual cost Auto mileage: $0.35 per mile, round trip ...onal Car mileage at $0.xx/mile and rental cars and public conveyance at actu...

...o insureds by many Personal and Commercial carriers. That, combined with downl...t. Loose ends sink ships. Good agency automation gives us time to listen, anal...

...mpany sees its future on the Net. Auto manufacturers are right there, too. Th...e. Next-day delivery has become the standard. Altering communication. Seve...

...ng out of a vehicle involved in an auto accident holding their necks, that wit...

... and used for both personal and business ends. In all of these situations, there are coverage gaps to be handled. Few agencies ask their clients the relevant questions at renewal review or as part of the fact-finding process on new business accounts, either in Personal or Commercial lines. For example, "short-term rental" and "long-term rental" aren't defined in the Personal Auto policy. When does a long-term rental fall into the definition of regular use - after two weeks, one month, two months? The fact is, ... new types of business, and changes in existing insurance products, insurance agents need to be more diligent than ever in analyzing their Errors and Omissions risks and exposures. Some of the areas that open up agency E&O exposures are trusts, cyber risk, Non-Ownership Auto exposures (Personal and Business Auto), D&O Liability, Umbrella & Excess Liability, Employment Practices, home-based businesses, intellectual property exposures, and company solvency issues. Everyone at every agency should keep "due diligence" and "awareness" in mind ... in their renewal process in Personal as well as Business lines. Agencies should also give ongoing training on new cyber risks and products for producers and others who deal with clients. NON-OWNED AUTO EXPOSURES There are also Non-owned Auto exposures, such as short- and long-term car rentals, non-owned autos provided to employees for regular use, autos rented for business purposes with personal credit cards and used for both personal and business ends. In all of these situations, there are coverage gaps to be handled. Few agencies ask their clients the relevant ...

... , 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. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and people ... suffer in a number of ways (for instance, inferior automated systems and nonprofessional staff) . This situation has created a cycle of low performance, with consumers ultimately bearing the cost and aggravation of an ineffective business model. CASE HISTORY Let's examine the process for handling Auto Physical Damage claims as it might happen today. Here's the experience of someone we'll call Joe: Joe bought his Auto insurance from Midwest Insurance through the Middletown Agency, whose principal is Joe's lifelong friend. Last month, Joe was in an accident that damaged the ... auto care services to self-insured fleets for Fortune 500 companies. Under the FPG service model, a driver in an accident simply calls FPG's 800 number, where the report is taken and all service arrangements are made. Services include towing, door-to-door pickup and delivery of the rental car, appraisals, scheduling, repairs, a lifetime warranty on the repairs, and enrollment in the company's Driver Shield™ program: a package of services valued at about $400. FPG has developed a network of more than 2,400 body ...

... , 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. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and people ... CONSULTATION/PROFESSIONAL SERVICES Hourly rate: $195 per hour, plus expenses In our office: Minimum 2 hours At other locations on site: Minimum 4 hours By phone: Subject to 15 minutes per call plus toll charges EXPENSES AND TRAVEL Air travel: Actual cost Auto mileage: $0.35 per mile, round trip Lodging, group transportation: Actual cost and car rental BILLING INFORMATION Billings, which may include deposits, are made monthly. Retainers and/or deposits are required in most instances, with the remainder due payable at ... end of the onsite consulting session. Consulting time is computed from the time the consultant either begins or is scheduled to begin until the time of departure, which is earlier. Unless otherwise mutually agreed to in writing, all retainers, fees, and expense deposits are payable before the service begins. All fees and expenses are considered earned in full at the earlier of the times (1 ) service begins or expenses are incurred, or (2 ) travel to site begins. Cancellation by client of any service at any time during ...

... , 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. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and people ... willingness to place at risk its sales force of 14,800 stockbrokers as the company heads straight into the E-economy. When all of Merrill Lynch's explanations and assurances of protecting its brokers are stripped away, it's clear that the company sees its future on the Net. Auto manufacturers are right there, too. The move to cut costs by cutting out dealers is clear, and it's driven by the possibilities created by the Internet. Whether it's real estate sales or travel agencies, these functions will soon be Net-based. Beyond the obvious ... relied on stock photos for brochures and ads. These are high-quality photographs that are purchased on a one-time basis for specific projects. The Internet has changed the picture. Not only can stock photos now be downloaded, they can be purchased for a fraction of the former rental fee. Graphic designers now have a broader selection available at a lower cost. Even the use of basic E-mail eliminates the need to send materials by express mail or delivery service. Extending reach. In one 12-hour period, my firm received two inquiries from magnet ...