https://completemarkets.com/Article/article-post/2800/Best-Insurance-Plans-That-Protect-Large-Scale-Contractor-Operations/
...llion annually, and large-scale contractors deal with simultaneous workers' co...ercial Contract Requirements
Large contractors regularly work under commercial...
https://completemarkets.com/Article/article-post/2574/Sample-Presentation-Package/
...te of Insurance from his or her contractors and vendors. XXX & Company per...tificates to vendors, lessors, and contractors.
Premium Allocation
...
https://completemarkets.com/Article/article-post/2500/OIL-GAS-INDUSTRY-GROWING-INSURANCE-OPPORTUNITIES/
... and service contractors.
... Contractors' Equipment
...
https://completemarkets.com/Article/article-post/395/Product-Or-Service/
...s to highly competitive fields (contractors and hospitals). Brochures, direct ...
https://completemarkets.com/Article/article-post/2139/CERTIFICATES-OF-INSURANCE-BEST-PRACTICES/
... When an agent issues a certificate of insurance, is he or she legally obligated to list all applicable policies? For example, do they list the primary and all excess policies? I could not locate any specific legal precedent while researching 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), ... 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 limits? I don't believe I've ever seen a certificate reissued to show that coverage has been cancelled. I suggest sending a copy of the cancellation notice or, if you're going to use the certificate, clearly mark it CANCELLED and send it out. What should I do when I'm unable to furnish ...
https://completemarkets.com/Article/article-post/2113/E-O-IN-A-CHANGING-MARKETPLACE/
... levels, even if you allowed them to in the past. Inform your staff that they must follow procedures precisely — as stated in the contracts. Make sure you advise your staff of their authority levels. Let them know that companies might not want the types of business they did in the past. Keep your customers informed. A year or two ago, you would've been able to place a contractor without too much difficulty. In many parts of the country, this is no longer the case. Unless you're 100% sure that you'll have no problem with a particular risk, let your customer know that you'll try to place the account but that no coverage is bound at this time. I'd still recommend calling the company just to be on the safe side. If you're not optimistic about placing ... account, let the customer know and advise them that they might want to work with more than one agent. I was an agent for many years and I'm amazed at how cavalier some agencies can be in moving an account from one company to another just because the price is better. I've even heard of agents moving Umbrella coverages just to save a buck. If you're going to do that, make sure that you're not taking away any coverages from the customer by moving them to another company. If you are, let them know and get proper documentation for the file that states you're doing so with their blessing. New market conditions can provide great opportunities. Just go into it with the awareness that the game isn't the same and that the players might not be as friendly if you step ...
https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
...ncy's policy to offer Commercial Umbrellas to each account, then the audit doc...
https://completemarkets.com/Article/article-post/2149/DOING-YOUR-DUTY-PROFESSIONAL-CONDUCT-E-O-AND-YOU/
...ships with his clients (general contractors). A Certificate of Insurance was ...example, if your policy is to offer umbrellas to each Commercial account, the...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2067/ASSESSING-YOUR-FIRMS-RESOURCES/
... have at least a one-line listing in the insurance section of the Yellow Pages. Advertising through the Yellow Pages can be expensive when larger ads are purchased. Appropriate time should be spent to target the bigger Yellow Pages ads to the following prospects: where you have a specialty, where risks are easiest to sell, and where carriers are available to write the business. If you have a specialty (contractors) or preferred program (high-valued homes), try to target the ads to these specific markets to improve your hit ratio on business generated from Yellow Pages advertising. 11. Trade Journal Advertising Trade journals published by associations of your specialty classes of business can be a very effective advertising source. Since most trade journals are targeted to professionals of a particular industry, they can be excellent prospects for ... . The advantage of walk-in versus call-in business is that at least you get to see and assess the prospective client face-to-face. Walk-in business is much more common in personal lines. Walk-ins can work to the firm's advantage, since the prospect can meet your employees and a good relationship can be established from the start. Often, additional coverages can be sold to the prospect that comes in, such as umbrellas or life insurance. You have the client's attention and can also move the person around the firm to the appropriate in-house "experts." 10. Yellow Pages Most agents and brokers have at least a one-line listing in the insurance section of the Yellow Pages. Advertising through the Yellow Pages can be expensive when larger ads are purchased. Appropriate time should be spent to target the bigger Yellow Pages ...
https://completemarkets.com/Article/article-post/943/MANAGING-TO-AVOID-ERRORS-OMISSIONS-PROBLEM/
... Management Selling Specialty Lines Technology Uncategorized Choose a Content Package All Member Content IMMS Library Jack Burke LIG Marine Managers USG Insurance Services, Inc. NIF Group Inc. PRS High Hazard/High Risk Workers' Compensation Business Insurance Insurance for Individuals and Families Personal Finance Search Titles only Search author Search Titles and content Show Results Loading.. Similar Articles How To Cancel A Policy . . . Correctly Cross-Sell Letter Independent Contractor Producer Agreement Certificates Of Insurance, Binders And Evidences Of Insurance: What's The Difference? The Agency Mission Statement Content Packages This article is part of the IMMS Library , which contains more than 2451 documents published by industry-leading authors. (Hidden) Categories Benefits & Financial Services (53) Commercial Lines (93) Communications (629) Customer Service (530) Financial/Accounting (314) General ... meant to be all-inclusive, but they should give you a head start in developing your own company checklist. Possible Signs of Insurance Company Instability Best Rating drops below A- or goes directly to A- from A+ Combined ratio is much higher than industry average. Combined ratio is increasing rapidly. Any state has taken any kind of action against the company Finance companies don't want to finance their premiums Umbrella carriers won't accept their underlying coverage Major executive level management changes 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 ...