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... New Orleans.   Analysis of this traditional documen...

...y forms and rating examples Analysis of trends in the rate level and comp...E&O, Private Passenger Auto Liability, Contractors Liability, Auto Default insurance, Crane R...

... Refer to the agency financial analysis in Part 4 of this series to determi...

...bsidize producers, the agency’s competitive advantages, and many other factors...the merger/acquisition, tax issues, liability questions, employment issues, co...

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... renew. A non-cancelable, multi-year policy can make sense because it assures the insured of coverage during the course of the exposure. Potential Disadvantages Market timing may be off. Perhaps the worst scenario for an insured who has purchased a multi-year contract would be to lock in competitive terms and conditions only to find that the cost of coverage continues to drop. Some insureds made this mistake a few years ago when many market analysts incorrectly predicted a tightening of the insurance market. Policy may be cancelable. Many policies purported to be non-cancelable, ... What's A Risk Manager To Do? Protection of the corporation against catastrophic loss is paramount. Whether it's obtained from a traditional or multi-year policy is irrelevant as long as it makes financial sense from the organization's perspective. Here are some pointers to follow when conducting your own analysis: Carefully read any multi-year policy to understand whether the policy is non-cancelable or whether one or both parties can sever the commitment should the relationship sour. Truly non-cancelable policies are rare and can be a double-edged sword if the insurer proves to be more of an enemy ... 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. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and ...

... operations liability (as such terms were defined in this section before the date of the enactment of the Risk Retention Amendments of 1986) . (D ) which does not exclude any person from membership in the group solely to provide for members of such a group a competitive advantage over such a person; (E ) which - (i ) has as its owners only persons who comprise the membership of the risk retention group and who are provided insurance by such group; or (ii) has as its sole owner an organization ... reports to the Congress concerning the implementation of this Act. (2 ) Such report shall be based on - (A ) the Secretary's consultation with State insurance commissioners, risk retention groups, purchasing groups, and other interested parties; and (B ) the Secretary's analysis of other information available to the Secretary. 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 ... claims expenses) because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of - (i ) any business (whether profit or non-profit), trade, product, services (including professional services), premises, or operations; or (ii) any activity of any State or local government, or any agency or political subdivision thereof; and (B ) does not include personal risk liability and an employer's liability with respect to its employees other ...

...e for members of such a group a competitive advantage over such a person; (E)...d parties; and (B) the Secretary's analysis of other information available to...

... Retail outlets fail to remain competitive due to decreasing volume of stock ...ed operations Contractual Professional - errors and omissions Directors and Officers legal liability Property and All Risk Coverage ...

... . If you're growing at an average rate, the bank will expect your firm's cash flow to support operations. Capitalization. The bank will want to see a schedule showing your firm's total debt and equity today and what it would be after you receive the loan. Competitive advantages. Include a short paragraph about how you're different from your competitors. Why would customers prefer to come to you? How have you positioned your company? Ownership. List owners and shareholders. If you're getting the loan to buy out a shareholder, list ... a brief discussion of how and why summary-expense captions have changed over the period. For example, your income statement may break down into compensation and selling, operating, and administrative expense. Discuss significant changes over the five-year period, focusing on the most recent years. Analysis of year-to-date results. Compare year-to-date results with those of the same period last year. Explain significant variances between the years. Balance sheets. Include detailed balance sheets that correspond with the periods shown in the income statements. Briefly explain any significant variances. Pro forma ... 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. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and ...