https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...usiness, and changes in existing insurance products, insurance agents need to be more diligent tha...n obvious D&O exposure that the insurance professional should deal with in fact-findin...
https://completemarkets.com/Article/article-post/2564/Its-a-Small-World-Doing-Business-Abroad/
...ness Abroad
The international insurance market offers a variety of benefits...res: Auto, Health, Marine, Products Liability, Workers' Compensation, and so f...
https://completemarkets.com/Article/article-post/2162/DIVORCE-AND-AGENCY-VALUE-SEPARATING-GOODWILL/
...rty. If one of the spouses is an insurance agent, his or her book of business ...mine that elusive value: personal professional goodwill. Roy L. Phillips, ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1635/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-4-OF-4/
... Back Managing Risk: A Guide For Your Business Client, Part 4 Of 4 4/30/2013 10:40:32 PM by CompleteMarkets Editor This content has not been rated yet. MANAGING RISK: A GUIDE FOR YOUR BUSINESS CLIENT Part 4 of 4 INSURANCE AND RISK MANAGEMENT This is the generally accepted sequence of risk management activities: The risk of loss is identified and measured. It's reduced as much as feasible by loss-prevention techniques. The loss is accepted as a budgeted cost to the extent that it can be fitted ... not perceived as important until an unforeseen situation Loss Prevention Safety programs affect insurance costs indirectly by reducing losses (which in turn indirectly affect premiums), but few safety measures are recognized in liability rating. To find out exactly what measures are important, ask your insurance agent for a breakdown of your rating factors. Larger Workers Compensation programs will also have factors tied to loss prevention, so get a copy of that schedule, too. Fire rating is directly affected by a number of building and contents hazards. The premium often can ... large, well-managed companies with an excellent product. (Lloyd's is a surplus lines insurer in all states but Illinois and Kentucky.) Others are a little shaky. Have your broker analyze their stability. Don't hesitate to do business with a good Surplus Lines carrier. Professional Backup Probably the most important single point for the risk manager is to have a highly competent agent, broker, consultant, or other professional resource. Most public agency risk managers look to their agent or broker as the expert. In many cases, this is ...
https://completemarkets.com/Article/article-post/237/Ethics-And-E-O/
...t of these are violations of the Insurance Code in most states-there's no ques...n the agency as well as the client, insurance company, and state.
In the fina...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/798/DonT-Wait-For-An-E-O-Suit-Mention-All-Services-Today/
... Services Today!4/30/2013 12:00:00 AM by CompleteMarkets Editor , david goodwin This content has not been rated yet. Can a P/C agent lose a lawsuit for failure to have addressed the Life needs of a P/C insured who died? Dave Goodwin thinks this is possible, but there are many agents who disagree. One Western reader wrote: It is unreasonable to expect an insurance agent to attempt to sell every product for which he or she is licensed. There is no legal ... Links Categories Popular Recent All Back Don't Wait For An E&O Suit: Mention All Services Today!4/30/2013 12:00:00 AM by CompleteMarkets Editor , david goodwin This content has not been rated yet. Can a P/C agent lose a lawsuit for failure to have addressed the Life needs of a P/C insured who died? Dave Goodwin thinks this is possible, but there are many agents who disagree. One Western reader wrote: It is unreasonable to expect an insurance agent to ... possibility of some enterprising plaintiff trying to convince a judge and jury that the agent violated some fictitious duty, based on your premise. It is extremely important that this point be clarified. I wish I could agree, but I can't. The courts have clearly placed on professionals numerous duties of care and delivery of professional advice within their realm of expertise-without the lay-client having to ask the key questions. For example, within the P/C arena alone, many agents run down a checklist asking whether certain exposures exist. For exposures which ...
https://completemarkets.com/Article/article-post/1426/RECRUITING-GOOD-LIFE-AGENTS/
...ducts, can identify a prospect's insurance needs, and can fill those needs thr...u It's not enough to recruit Life agents; your agency needs agents who can fill prospects' needs and ...
https://completemarkets.com/Article/article-post/620/The-Facts-Of-Life-About-Personal-Lines-And-Having-A-Well-Trained-Staff/
...he telephone
Once upon a time, insurance buyers who wanted Auto and Homeowners insurance found it necessary to visit their insurance agents (or be visited by them in th...lting Group, Inc. as a tool to help insurance agency principals to identify sk...
https://completemarkets.com/Article/article-post/709/Service-Fumbling-The-Ball/
...eighbors know that I work in the insurance industry I periodically receive cal...ctices when we experience them. The insurance industry is over-promising and u...
https://completemarkets.com/Article/article-post/985/ERRORS-AND-OMISSIONS-CONSIDERATIONS/
...n go unshod' could apply to many insurance agencies today. Thousands of agents don’t carry any E&O insurance at all, and many more might not hav...eet their needs with courtesy and professionalism. A satisfied insured is less...