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Insuring Contractors? Be Careful - It Can Be A Big E&O Headache
INSURING CONTRACTORS? BE CAREFUL - IT CAN BE A BIG E&O...hority limitations when the requested bonds are in excess of its bonding limit...

... Insurance Co . E&O Bulletin and is reproduced by permission. 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 whole lot of time & money when you use our directory of 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 ... , Curtis Pearsall This content has not been rated yet. When I started in the agency side of the business in 1975, direct bill was strictly a Personal Lines billing method, used predominantly in Personal Auto. Today, direct bill has found its way into the Commercial arena. The claim involves a $200,000 lawsuit against both the agent and the carrier for improper cancellation of a Fidelity Bond. The agent had placed a Commercial package policy for a homeowners association. The premium was direct billed, except for the bond, which was agency billed. When the client completed the application, the premium they paid to the carrier included the premium for the bond. The carrier then refunded the bond portion to the client on the basis that it was to be agency billed. Meanwhile, ...

... Insurance Co . E&O Bulletin and is reproduced by permission. 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 whole lot of time & money when you use our directory of 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 ... , Curtis Pearsall This content has not been rated yet. When I started in the agency side of the business in 1975, direct bill was strictly a Personal Lines billing method, used predominantly in Personal Auto. Today, direct bill has found its way into the Commercial arena. The claim involves a $200,000 lawsuit against both the agent and the carrier for improper cancellation of a Fidelity Bond. The agent had placed a Commercial package policy for a homeowners association. The premium was direct billed, except for the bond, which was agency billed. When the client completed the application, the premium they paid to the carrier included the premium for the bond. The carrier then refunded the bond portion to the client on the basis that it was to be agency billed. Meanwhile, ...

... by Jack Burke Comments (0 ) Partnering With Carriers This content has not been rated yet. Al Diamond , CompleteMarkets Editor 4/30/2013 12:00:00 AM PARTNERING WITH CARRIERS by Al Diamond Trust between you and your carriers must be a two-way street. Agencies have given carriers as many reasons to distrust their commitments .. All Articles by Al Diamond Comments (0 ) Producer Contract Employment Agreement This content has not been rated yet. CompleteMarkets Editor 4/30/2013 10:40:04 PM PRODUCER CONTRACT EMPLOYMENT AGREEMENT Between A ___ Corporation, And ____ as Employee THIS AGREEMENT, entered into thi.. All Articles by CompleteMarkets Editor Comments (0 ) x No Thanks Loading.. Loading.. x No Thanks Loading.. ...

...unterpart: (1) Lack of producer contracts; (2) owners tied to their accounts;... was no formal agreement. A signed contract establishing agency ownership of ...

... Insurance Co . E&O Bulletin and is reproduced by permission. 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 whole lot of time & money when you use our directory of 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 ... , Curtis Pearsall This content has not been rated yet. When I started in the agency side of the business in 1975, direct bill was strictly a Personal Lines billing method, used predominantly in Personal Auto. Today, direct bill has found its way into the Commercial arena. The claim involves a $200,000 lawsuit against both the agent and the carrier for improper cancellation of a Fidelity Bond. The agent had placed a Commercial package policy for a homeowners association. The premium was direct billed, except for the bond, which was agency billed. When the client completed the application, the premium they paid to the carrier included the premium for the bond. The carrier then refunded the bond portion to the client on the basis that it was to be agency billed. Meanwhile, ...

...ain I'm protected?' The subject of bonds can seem complex, but at (Your Agency... Each business has different types of bonds available. We can help you determi...

... call (800) 451-8273, or e-mail [email protected] . 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 whole lot of time & money when you use our directory of 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 ... street. Many businesses concentrate on gathering information about their customers — believing that the more they know about them, the better they'll do. That's only half-true. The other side of the equation is the need to let your customers get to know you — which, in turn, means that you need to get to know your employees. The more opportunities to discern commonality, the greater the potential bond. This isn't as easy as it might appear. We tend, through public relations, advertising, etc., to portray our businesses as perfect. If that's the only image our client receives, we might be in trouble on a couple of fronts. First, how many of us really enjoy spending time with a "perfect" friend? Second, perfection can raise unbelievably high levels ...

...th agent control, trying through contractual captivity or coercion to rein in ...pany BD and still maintain a career contract for nonregistered policies. When ...

... ) 451-8273, e-mail [email protected] , or visit www.soundmarketing.com . 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 whole lot of time & money when you use our directory of 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 ... x No Thanks Loading.. Bond With Shared Pain 4/30/2013 by Jack Burke This content has not been rated yet. We all tend to come together in times of trouble; and this is definitely a troublesome time for most businesses. When you share your pain, your clients will identify, and bond, more closely with you. In this document, Jack Burke urges you to work together with your clients from both an empathetic and a sympathetic position. Since the advent of the hard market, I've sometimes stated that the biggest job an insurance agent has today might be not to let their customers know how much they're enjoying the increased revenue from skyrocketing premiums. This is usually a tongue-in-cheek comment, but there's a certain amount of truth in it. A hard market does ...