Search CompleteMarkets

... , 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 ... this issue. It makes sense to list only those &# 160coverages applicable to the request for the cert. For example, when sending a certificate to a general contractor, you would probably need to list only the Workers Compensation, Liability and Umbrella coverages, not property. I d also suggest that an agent include all applicable policies (primary and excess) unless the request for the cert asks only for limit/coverage verification up to a certain limit. When an agent issues a certificate but the excess policy excludes certain coverage ... example: pollution), should the agent list the excess policy? If the certificate request is to show proof of Pollution coverage, the agent should not indicate on the cert any policies that exclude this coverage. Listing the policies although the coverage was excluded (even with a notation) might confuse the certificate holder. If you need to issue a cancellation notice (some carriers are putting this on the agent's shoulders), should you reissue the certificate and indicate "cancelled" on it? If so, should you include the ...

...business visitors, the standard Commercial General Liability policy covers the...meowners policies exclude Liability coverage for business activities. The company's Workers Compensation coverage applies to injuries that occur in...

...ludes certain coverage (example: pollution), should the agent list the excess ...a certificate reissued to show that coverage has been cancelled. I suggest sen...

... years, such as losses involving pollution or asbestos liability. Under a tra...s in the law necessitating enhanced coverage features. Conclusion Deci...

...list for employment practices or pollution. This is a way to be very creative ... a restaurant specialist with broad coverage and low rates. People get faxed s...

... properties. This emerging industry ... Pollution/ Environmental ...

...ssue; carjackings weren’t. Pollution was about road apples; today it...he courts have often reinterpreted coverage to provide protection not anticip...

...cies that apply, particularly in pollution claims. For example, there...unsel can affect the outcome on the coverage issue, then the agent (within cer...

... associated with running an agency. You can take steps that will lessen your exposure to E&O . Many are common-sense activities that any professional needs to do anyway. Here are 25 tips toward E&O-proofing your agency: 1. Never, never write a Commercial account without inspecting the risk. This applies to both new business and renewals. If the account is too small to inspect, you would be better off not writing it. If an insured does something you don't know about, or if the building has features ... considered, you might fail to advise the insured properly. Take photos of the front, rear, and sides of the property; if possible, take some inside. Diagram the premises and highlight any special processing. Have the insured walk you through and show you what the business does. Ask questions, and ask the carrier how they want to handle anything that seems unusual. If you just renew accounts "as is" by sending them back to the carrier, you're inviting a problem. It's not a matter of whether ... output of those under them. These advantages save time and permit you to have your most technically competent people use their time and experience in the best way. Another area that should be discussed with respect to renewals is restrictive endorsements. A case in point is the pollution exclusion, which has evolved from the 1960s versions of the General Liability policies, in three main phases over the years: No contamination or pollution exclusion Accidental contamination or pollution coverage only (no occurrence coverage, with accident generally defined as a sudden and unforeseen event ...

... own control and refuse to whine and groan about the rest. Every problem other agencies see are opportunities to these strong, supple organizations. Let's look at some of the challenges they have faced. Problem: Renewals are being sent directly to insureds by many Personal and Commercial carriers. That, combined with downloading, is making us lose a traditional opportunity to do account reviews and stay in touch with our clients. Opportunity: Clients' risk exposures change over time. What's more, their willingness to insure to value often grows and ... (or gloss over) the detriments of a cheaper renewal alternative. Examples: the Umbrella that doesn't include employees' in the definition of insured'; the Commercial Auto policy that limits radius of use; the claim, as opposed to loss, deductible; the Property policy with out an agreed-value provision; the Rental Property Liability coverage with a Pollution exclusion. Solution: Develop an online coverage matrix for any line in which coverage varies from carrier to carrier, and for company-specific products. Keep them current. Get double duty from ... effort by using the matrices in your proposal documents to show why your proposed coverage is better that the competition's (or to show why a cheap alternative has coverage detriments) . Problem: I never said that, ' often uttered in response to your CSR's statement to the insureds that they removed their Physical Damage coverage just a few months before the vehicle was vandalized. Solution: Send a confirmation letter from your office for every change processed by your agency. Ideally, your agency system should be set up by management, so that ...