https://completemarkets.com/Article/article-post/1653/DISASTER-PLANNING-MANUAL-PART-2/
Disaster Planning Manual - Part 2
DISASTER PLANNING MANUAL - PART 2 The first step to developing a catastrophe contingency plan is to outline the steps that must be accomplished in the event of a disaster. Once you know ...u send them a follow-up letter reiterating the items discussed during the phone call and noting that the claim has been forwarded to the carrier. Reprinted with permission from Professional Insurance Agents.
https://completemarkets.com/Article/article-post/943/MANAGING-TO-AVOID-ERRORS-OMISSIONS-PROBLEM/
Managing To Avoid Errors & Omissions Problem
MANAGING TO AVOID ERRORS & OMISSIONS PROBLE...ch company evaluated with respect to financial and operational red flags that might indicate a problem. These guidelines are not 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 mana...
https://completemarkets.com/Article/article-post/1101/WOMENS-INDEPENDENT-GUIDE-TO-INSURANCE/
Women's Independent Guide To Insurance
WOMEN'S INDEPENDENT GUIDE TO INSURANCE Independent Insurance Agents of America Financial Decision Makers The environment in which women now live, work, and care fo...s the owner of an upscale antique shop in a trendy part of town. Her sales have grown steadily during the past several years with the public's renewed interest in antiques. Kay takes great pride in her ability to spot the best pieces and prominently displays them in her shop. A series of break-ins in the neighborhood prompted Kay to review her insurance to ensure that her business is adequately covered. Kay and her independent agent reviewed her most recent financial statements, the lease on the shop, and her business ledger showing sales, purchases, profits, etc. To assess the state of her business and identify changes from the last review. Given the growth in her business, her agent recommended that Kay consolidate her existing multiple policies and purchase a pa...
https://completemarkets.com/Article/article-post/2352/Crisis-Management-Plan-Crisis-Impact-Considerations/
.... Further-more, there is a vast difference between the protection services and... a company's ability to conduct its business. It is essential for ever business operating in a regulated field to have a system in place to assess the business's on-going exposure to such regulations and to...
https://completemarkets.com/Article/article-post/986/Preserving-Agency-Value/
Preserving Agency Value
This month we will tak...m The Middleton Letter which is edited in Lisle, IL by Carol Hammes.
https://completemarkets.com/Article/article-post/212/How-To-Deal-With-A-Wholesaler/
How To Deal With A Wholesaler
In today's world of complex and ever-changing exposures, one of your most important ... needs of your customers.
Establishing and building relationships will prove to be rewarding in the long run for you, your clients, ...
https://completemarkets.com/Article/article-post/1632/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-3-OF-4/
Managing Risk: A Guide For Your Business Client, Part 3 Of 4
MANAGING RISK: A GUIDE FOR YOUR BUSINESS CLIENT Part 3 of 4 RISK RETENTION Everyone retains risk. Most car owners have a collision... the natural method of treatment, with insurance used principally where losses exceed a tolerable loss level (TLL). The chief financial officer, after considering all internal financial and external conditions, should establish the TLL, after which insurance or other risk transfer should be specified for risks in excess of this amount and retention ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1653/DISASTER-PLANNING-MANUAL-PART-2/
... in a variety of locations to avoid the possibility that the plan itself could be destroyed or lost during a catastrophe. Each employee should be given, in advance, a written explanation of his or her responsibilities in the event of a catastrophe. Have additional copies of different job specifications available for distribution to any temporary help you may hire to help you through the period following a catastrophe. Review your catastrophe plan annually. Make any necessary adjustments, and explain the changes to all agency personnel. Prepare Your Office and Staff Develop a ... agency is damaged or inaccessible following a catastrophe, you'll need to set up an alternative operation site. Determine in advance where you could move (perhaps to an agency principal's home), and talk to your phone vendor about the possibility of automatic call forwarding under disaster conditions. Also consider the ramifications of such a move on your contingency plan; make note of the supplies you'll need, etc. Organize Company Loss Data Document the information needed to handle a catastrophe claim for each of your carriers. Every company has different claims procedures ... repairs; What to do about debris removal; What mortgage holders are likely to require in the way of estimates; and Information on additional living expense. Since many disasters may result in flood damage, be sure to prepare a checklist that relates specifically to floods insurance coverage. Develop telephone/address list for local repair work. Your customers will look to your agency for guidance in where to go for repairs to their property following a loss. It will be a service to your clients to provide information on businesses in your community ...