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... programs have been permeated by insurance thinking-which is natural, since insurance agents and brokers have more comple...se functions: (1) You'll coordinate insurance-buying expertise, and (2) you'll...

... has not been rated yet. Agents who've experienced a hard market know that claims are often scrutinized much more closely than they are in a soft market. Unfortunately, circumstances sometimes lead to the denial of claims that are covered regardless of market conditions. This document by the Virtual University faculty provides an example of what you might see more of in the months to come. Can the expiration of a lease trigger the end of a Business Income (BI) claim? We have a retail client who had a location at the World Trade Center in New York. His lease technically expired on 12/31/01. Even if he wanted to, there is no lease available to sign, and probably won't be for some time. Prior to 9/11, he had every intention to ... the lease, and also was planning to extend his space. The insurance company has frozen any further claim payments because they have found out about the lease expiration. Additionally, the company has had all inventory taken from this store, but they have not yet paid any salvage because they have not yet been paid.’ This also seems ludicrous. What do you think? ' You don't want to know what our faculty members think about this claim as presented. However, below are their comments, edited as a matter of public decency. FACULTY RESPONSE NO. 1 Assuming ISO forms, neither of these situations makes sense. Expiration of a lease has nothing to do with BI recovery. The end of a lease does not end BI recovery absolutely, and salvage is something a company seeks after they ...

...lanning to extend his space. The insurance company has frozen any further clai...

...ept our brief description of the insurance coverages as a complete explanation...rotection can enhance your property insurance portfolio. Cordially yours, ...

... such as not allowing executives to travel together, but still might experience a substantial financial loss should one key person die. For these reasons, the purchase of an insurance policy payable to the business in the event of the death of a key executive should play a vital role in the planning process for businesses of any size. Unfortunately, business insurance in general, beyond the protection of owned and leased property, is often overlooked in the disaster planning process. Yet such an oversight can be disastrous. In addition to Key Person insurance, the purchase of Business Interruption insurance must be considered since it can protect against the loss of suppliers or buyers, cover payroll expenses, and also provide protection for a multitude of other contingencies. Numerous other types of business insurance should also be considered to minimize ... x No Thanks Loading.. x No Thanks Loading.. x No Thanks Loading.. x No Thanks Loading.. Rodgers & Associates Insurance, Inc. 1 2 3 4 5 Rating history (0 Reviews - 0 of 5.0) Shows who have rated the content, and the rating score. Write your review here. (Required) Please consider the following: 1. Would you recommend this company? 2. What about this company do you like/dislike? 3. Why did you choose this rating? Submit This Anonymously Submit Cancel Contact Us contact_phone Click to call Unfollow First name: Last name: Email: Are you sure you want to deactivate your CompleteMarkets Company Profile Deactivate Cancel Loading.. About Us Products/Services News Jobs Team Articles Blog Group Followers Photos Reviews Newsletters x No Thanks ...

... CPIA This article addresses an insurance agency's the most common practices ...imes even void of any known body of insurance fact- but there's a solution. Th...

...form of coverage on behalf of an insurance company or companies. Rarely do PAs...cialty products offered by the Gulf Insurance Group. The use of PAs will add t...

... know the answers to these questions or have some serious doubts, you may have a serious gap in coverage. Some policies have a very broad definition of who's an insured, including, but not limited to: The actual named insured, whether it's an individual, partnership, or corporation The executive officers and directors (for their duties for the named insured) Your employees, whether they're regular, leased, or temporary Your licensed solicitors or office brokers Former insureds Those of you who sell financial products have secured the coverage through your broker/dealer, often with little choice. There's one area that could cause major E&O problems. Although you're personally covered most of the time, the entity you're selling on behalf of isn't named as an insured. Take this potential claim scenario: You're ... Blog Photos Group Connections Reviews IMMS Library Immerse yourself in our stacks. Take some time and browse through our library. We have thousands of articles, checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Are You An Insured Under Your E&O Policy?4/30/2013 10:44:07 PM by CompleteMarkets Editor , Curtis Pearsall This content has not been rated yet. ARE YOU AN INSURED UNDER YOUR E&O POLICY? by Curtis Pearsall When comparing one E&O policy against another, you may be looking at which acts are covered, whether full prior acts' is provided, ...

Business Insurance Belongs In Your Disaster Plan
The proper insurance is a crucial element of disaster planning. Adequate insurance will greatly reduce the financial c...Business Continuation Plan, will my insurance premiums go down?

Disaster Insurance Planning
In a small company, th...usiness Continuation Plan will your insurance premiums go down? If disaster ...