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...D&O Liability, Umbrella & Excess Liability, Employment Practices, home...st’s “Key Rating Guide” or a similar publication every year. Today there’s so ...

... reserves to see that they're not excessive and that they're removed from the ...wing groups is recommended: Public Risk and Insurance Management Asso...

... could hamper the consultant with excessively stringent reinsurance terms. An ...Agents E&O, Private Passenger Auto Liability, Contractors Liability, Auto Default insurance, Crane Rigging Co...

...ances of personal lines profit in excess of 35%. We have also identified actua...ed reasonably well by companies (once automation responded adequately). We do ...

... 12. Assist carriers in avoiding excessively low pricing. When a risk has bee...continuous policy maintenance all are automated to the maximum degree in your ...

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Businesses in the US spent in excess of $13.5 billion just on social medi...otential insurance clients such as at auto body shops, doctor’s rooms, and es...

... be more diligent than ever in analyzing their Errors and Omissions risks and exposures. Some of the areas that open up agency E&O exposures are trusts, cyber risk, Non-Ownership Auto exposures (Personal and Business Auto), D&O Liability, Umbrella & Excess Liability, Employment Practices, home-based businesses, intellectual property exposures, and company solvency issues. Everyone at every agency should keep "due diligence" and "awareness" in mind while taking care of clients. Agents, like other professionals, must demonstrate their knowledge ... programs for affluent clients for general information, because they probably have expertise in this area. Some experts predict that trusts and ownership transfer arrangements will become as common as wills in the near future, because they provide an easy, inexpensive way to avoid the delay and public disclosure of probate. An agent who neglects to perform due diligence in such a situation and winds up with a client who has a large uncovered loss will wind up contacting their E&O carrier. E-COMMERCE RISKS Computers, the Internet, e-mail, and e-commerce ... new types of business, and changes in existing insurance products, insurance agents need to be more diligent than ever in analyzing their Errors and Omissions risks and exposures. Some of the areas that open up agency E&O exposures are trusts, cyber risk, Non-Ownership Auto exposures (Personal and Business Auto), D&O Liability, Umbrella & Excess Liability, Employment Practices, home-based businesses, intellectual property exposures, and company solvency issues. Everyone at every agency should keep "due diligence" and "awareness" in mind ...

... , their proper handling is a management responsibility. Risk managers don't adjust claims but monitor those who do. They should: Investigate to see that legitimate claims are paid promptly and efficiently-and conversely, that questionable claims are resisted effectively. Follow reserves to see that they're not excessive and that they're removed from the record immediately after final payment. Check claims-adjusting personnel for adequate training, experience, and exercise of good judgment. Ensure that subrogation (recovery) procedures against outside parties are being efficiently pursued. Record Keeping. The risk manager's basic ... prevention Claims adjusting Insurance premiums Administration Losses incurred may be controlled through various loss-control measures. Also, the amount of liability claims may be affected-strongly-by prompt and fair payment of legitimate claims combined with vigorous resistance to questionable claims. If claims are not handled in-house (and few public entities handle them), you can monitor the claims adjuster's work. Loss-prevention costs may be minimized by questioning expenditures for safety, fire protection, and security. Relate them to actual anticipated reduction in loss costs. If the cost of a protection device can't reduce ... management decisions On larger properties, building layouts showing fire separations Files of correspondence and telephone calls concerning coverage and other important subjects Creation of Risk Management Manuals. Firms with many locations may want a book of instructions on how to handle claims, details on use of personal autos, how to report values, what to do about insurance inspectors, and so forth. Communications. Risk managers must let their superior know what they're doing and why-usually by means of a regular formal report. They must also communicate to others in the organization and ...

... Depending on your local station's preference and your own self-confidence, infomercials can be broadcast live or prerecorded. The advantage of prerecording is that the program can be edited before airing. Its disadvantage is that the recording and editing may cost a bit, but not necessarily an excessive amount. As with television, your best bet is to work with the local radio station. It often provides a production studio for prerecording, and may make staff available to help edit and add in music. Note on music: Radio (and most television ... not pan out, it will have been a valuable educational experience and a low-cost testing ground. Although normally a bit more expensive, regular small-market television stations may also be willing to work with you on developing an infomercial- particularly if it can be designed in the public interest, which is easily done for insurance-related topics. For instance, the program can center on providing information on home or workplace safety, health, or financial planning, all the while promoting your agency. Depending on your resources and the expertise of the station ... gained from the program. Joint-venture packages. This is wide-open territory for exploration. Each agency in every community has the ability to develop mutually beneficial relationships with other businesses that can be expanded to infomercials. For instance, a Personal Lines agency might co-venture with a local auto agency or real estate broker. A Commercial Lines agency might work up a workplace-safety program in conjunction with a supplier of safety items for industry. This concept isn't new, just expanded. Co-op advertising. You've been through the fires of gaining approval for company co-op ...

... Depending on your local station's preference and your own self-confidence, infomercials can be broadcast live or prerecorded. The advantage of prerecording is that the program can be edited before airing. Its disadvantage is that the recording and editing may cost a bit, but not necessarily an excessive amount. As with television, your best bet is to work with the local radio station. It often provides a production studio for prerecording, and may make staff available to help edit and add in music. Note on music: Radio (and most television ... not pan out, it will have been a valuable educational experience and a low-cost testing ground. Although normally a bit more expensive, regular small-market television stations may also be willing to work with you on developing an infomercial- particularly if it can be designed in the public interest, which is easily done for insurance-related topics. For instance, the program can center on providing information on home or workplace safety, health, or financial planning, all the while promoting your agency. Depending on your resources and the expertise of the station ... gained from the program. Joint-venture packages. This is wide-open territory for exploration. Each agency in every community has the ability to develop mutually beneficial relationships with other businesses that can be expanded to infomercials. For instance, a Personal Lines agency might co-venture with a local auto agency or real estate broker. A Commercial Lines agency might work up a workplace-safety program in conjunction with a supplier of safety items for industry. This concept isn't new, just expanded. Co-op advertising. You've been through the fires of gaining approval for company co-op ...