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...settlement. If these payments are excessive, they can seriously hamper agency ... financial assets of the agency from excessive valuation demands and/or attorn...

... Hammes 3/1 /2018 12:00:00 AM Ten years ago it took $5 million in total agency revenues and about $30 million in Property/Casualty premiums to land on the top 100 agency list. Now an agency needs to have in excess of $10 million in revenues and $60 million in premiums to make the cut. Ten years ago the average independent agency in the country had $250,000 in total revenues with six to seven people. Today the average is close to $600 ... 000 in revenues, also with six to seven people. To use a phrase from Bob Dylan, "the times, they are a changing." All Articles by CompleteMarkets Editor Comments (0 ) EMPLOYMENT AGREEMENTS – DO'S AND DON'T'S This content has not been rated yet. CompleteMarkets Editor , Al Diamond 2/7 /2018 12:00:00 AM Distinguish between the terms "non-compete" and "non-piracy." In its basic terms, a Non-Compete clause protects the agency against a former employee taking accounts that they produced ... for which they were responsible while an agency employee. A Non-Piracy clause protects the agency from a former employee taking any agency accounts, whether or not they were responsible for producing or servicing them. All Articles by CompleteMarkets Editor Comments (0 ) Employment Practices Liability Insurance: Occurrence Forms versus Claims-Made Forms This content has not been rated yet. CompleteMarkets Editor 10/20/2016 12:00:00 AM Writing EPL insurance on an occurrence basis has its advantages. For example, under claims-made policies, the limit of Liability may ...

... Hammes 3/1 /2018 12:00:00 AM Ten years ago it took $5 million in total agency revenues and about $30 million in Property/Casualty premiums to land on the top 100 agency list. Now an agency needs to have in excess of $10 million in revenues and $60 million in premiums to make the cut. Ten years ago the average independent agency in the country had $250,000 in total revenues with six to seven people. Today the average is close to $600 ... 000 in revenues, also with six to seven people. To use a phrase from Bob Dylan, "the times, they are a changing." All Articles by CompleteMarkets Editor Comments (0 ) EMPLOYMENT AGREEMENTS – DO'S AND DON'T'S This content has not been rated yet. CompleteMarkets Editor , Al Diamond 2/7 /2018 12:00:00 AM Distinguish between the terms "non-compete" and "non-piracy." In its basic terms, a Non-Compete clause protects the agency against a former employee taking accounts that they produced ... for which they were responsible while an agency employee. A Non-Piracy clause protects the agency from a former employee taking any agency accounts, whether or not they were responsible for producing or servicing them. All Articles by CompleteMarkets Editor Comments (0 ) Employment Practices Liability Insurance: Occurrence Forms versus Claims-Made Forms This content has not been rated yet. CompleteMarkets Editor 10/20/2016 12:00:00 AM Writing EPL insurance on an occurrence basis has its advantages. For example, under claims-made policies, the limit of Liability may ...

...ulnerability Standard vs. Excess and Surplus Lines Markets Exp...nce with the policy a condition of employment. Although this might seem harsh,...

... dollar' costs benefiting owners (excess T&E, excess auto) = $_____ 6. Add: Interest expe...

...kly as possible to avoid accruing excessive interest charges. Start investing ...

... accounts, is like fishing for minnows from the back of a whale. Review all accounts to determine the lines of business that you aren't writing. At renewal you should review with the client their exposures to loss and their need for such additional coverages as Umbrella or Excess Liability, Employment Practices Liability, Health insurance, Key Person Life, Long-Term Disability, Long-Term Care, etc. An important fact to remember is that the more policies you write for a client, the longer you will retain that account. Also, an agency's ... ratio is far higher when making proposals to an existing customer, rather than to an unknown prospect. Jack Fries can be reached at Fries & Fries Consulting, P. O. Box 66, Alexandria, KY 41001, phone (859) 441-4528, fax (800) 887-5874, e-mail [email protected] ,Web site www.jackfries.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 ... - 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 ...

...ditional coverages as Umbrella or Excess Liability, Employment Practices Liability, Health insurance, Key Person Life,...

... TAX TREATMENT: Employee-Excess of fair market value over option pric...business (Life, Group, Professional Liability, Surety). In those situations, t...

...e disallowed by the amount of the excess claimed. Worse yet, an excise tax can...division. Any customer with sales in excess of 5% of gross sales. d. Main supp...