Search CompleteMarkets

...nd external crime audit; product liability; hiring and firing practices; safet...re are reasons, and systems available, for generating this information. Always stay informed, and the benefits will exceed yo...

... suppliers; key customers; key facilities, equipment, and people; computer dependence; valuable papers, designs, and intellectual property; quality control; loss prevention to real and personal property; transit exposures; foreign contract evaluation; internal and external crime audit; product liability; hiring and firing practices; safety committee review; employee and public safety; automobile and fleet safety; directors, officers and fiduciary responsibilities; product tampering; extortion; kidnap and ransom; credit risk, claims and self-insurance monitoring; claim funding alternatives; environmental ... at the client/intermediary/insurer relationship to determine the need for any change. Always agree with the intermediary representing your company on what is expected and what can be realistically delivered. Insist on follow-through. Whenever possible, arrange renewals together, or at least group coverage into property/asset protection and liability/casualty. Use these combinations, or your whole portfolio, to maximize leverage in your favor. Always consider the value of long-term relationships before terminating a carrier. Consider the carrier's attitude to claims in the past and whether ... potential effect on corporate assets-and the greater the need for a risk-transfer vehicle, such as an insurance policy. The further below 5' the risk falls, the more viable it becomes to assume that risk. Loss-prevention techniques are appropriate anywhere in the exposure analysis, as long as cost and effectiveness are kept in perspective. Loss prevention must be the only consideration where injury or death, either to employees or the public, are concerned. No amount of cost cutting or saving can justify even a remote chance of injury or death. ...

...ave an overall lifetime limit of liability, stating that a covered person may ...ss Payment of Claims Claim Forms Grace Period Notice o...

...on efforts. In the field of liability and Workers Compensation, it allows...ther risk transfer should be specified for risks in excess of this amount and retention for lower risks.

... to have your most technically competent people use their time and experience in the best way. Another area that should be discussed with respect to renewals is restrictive endorsements. A case in point is the pollution exclusion, which has evolved from the 1960s versions of the General Liability policies, in three main phases over the years: No contamination or pollution exclusion Accidental contamination or pollution coverage only (no occurrence coverage, with accident generally defined as a sudden and unforeseen event causing damage) Total exclusion on all contamination and pollution Even though most ... business and interview the insured. Inspect large Homeowners and Personal Lines accounts annually. If not, send a renewal questionnaire that asks about any primary or incidental business activity, works of art, antiques and other collectibles, hobbies, activities, or anything that needs scheduled coverage. Include a return postage-paid envelope with the questionnaire, and require the insured to sign and date it. Also, request photos of any unusual or high-value items or activities that might pose a coverage problem or require special handling. That way, you can determine ... notice has not been sent to the various parties involved. In other words, document your file and always leave a trail; If the carrier elects not to notify, ask if you can send a letter notifying the interest that the policy has been canceled. As long as that's your procedure and you're consistent, you would probably be off the hook if the worst happens. In plain words, don't just assume that things will happen. Take initiatives to see that proper procedures are followed. 21. Have a complete monitoring system ...

...he 1960s versions of the General Liability policies, in three main phases over...ion by sending the client a reply card form evaluating your claims-handling pr...

...r income equals the expenses and liability reduction needs of your agency-meet...u're determining the success of your efforts and planning for ever better future results. The "Telemarketing Campaign Projection/Review" form below will help you in this proces...