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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...

...ram, but when they're handled by contract adjusters, much can be done in selec...o handle bid, performance, and permit bonds. Professional Networking. As ...

About Sly Bail Bonds
At Sly Bail Bonds, we know that arrests may occur at vi...ocations near you! We have local bail bondsman in the following cities servicing all counties in Ohio. Toll Free Bail Bonds in Ohio at: 888-759-8669 Local Ohio Bail Bonds Offices Akron 330-794-6555 ...

... 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, ...

...ecessary to execute an insurance contract. Such information is of vital assist...termination benefits: 'Where agency contract provided for payment of terminati...

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

... we can make certain your coverage is complete and updated. Sincerely, 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 ... and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Account-Upgrading 4/30/2013 10:36:58 PM by CompleteMarkets Editor This content has not been rated yet. ACCOUNT-UPGRADING Dear (Customer Name): Clients often ask us, Do I need to bond every single one of my employees to make certain I'm protected? ' The subject of bonds can seem complex, but at (Your Agency Name) we can provide answers to your questions and assure you that your business is protected. Your bonding needs are unique. How much does a company need to insure against employee theft? Various formulas have been devised by insurance experts, accountants, and ...

... 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 ...

... may ask if the person is eligible to be bonded, since that might be a requirement for certain positions. EDUCATIONAL LEVEL. Since a minimum high school education or its equivalent is essential for most agency positions, the question is permissible. When hiring for a janitorial or filing position, which might not require a high school level skill, eliminate this section from the application. Disclaimer Only the employment contract or intended contract should imply a promise of employment. Be sure your agency application contains a disclaimer, such as, Nothing contained here shall constitute an employment contract; any contract of employment shall be executed in writing. Reprinted with permission from the ACORD publication Managing Your Human Resources. © Login or Register (for FREE) to gain access to thousands of other great articles. Need more ... need for reasonable accommodation should not be a factor when considering the disabled individual. You may not ask specifically about a disability, but you can make a job offer that is conditioned on satisfactory results of a post-offer medical examination or inquiry, provided that this condition is made clear to all applicants for the position. ARREST RECORDS. Don't ask. You may ask if the person is eligible to be bonded, since that might be a requirement for certain positions. EDUCATIONAL LEVEL. Since a minimum high school education or its equivalent is essential for most agency positions, the question is permissible. When hiring for a janitorial or filing position, which might not require a high school level skill, eliminate this section from the application. Disclaimer Only the employment contract or intended contract should imply a promise of ...

... ) 779-6224, e-mail [email protected] , or visit www.agencyconsulting.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 ... carriers as many reasons to distrust their commitments as carriers have given agents. Time and again, both groups have changed attitudes, leaving loyalty and commitment in the dust. Perhaps the reason is that our definitions of loyalty and commitment are flawed. Although loyalty is a trait that human beings (and many animals) display for each other, it requires the existence of a personal, not business, bond. A parent will often remain loyal to a child or to another adult even if the other has done despicable things. However, if an employee commits fraud or a felonious crime, the corporation employing them has no personal bond that will maintain its loyalty to that person. Loyalty often continues for extended periods until and unless something happens to the bond between the two people. Business relationships, ...