https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...ership transfers, and most estate planners don’t address Personal Lines insura...iligence can help reduce the frequency and severity of E&O claims as well ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1664/MUTUAL-FUNDS-MODULE-V-I/
... opportunities, so are there a wide variety of mutual funds. While a particular organization may offer dozens of mutual funds, there are basically four different types: money-market funds, stock funds, bond funds, and specialty funds. These categories offer investment opportunities designed to meet the goals of virtually every investor, from the most aggressive to the most conservative. When looking at these types of mutual funds, it is important to recognize that many are difficult to classify. There is no sharp delineation between some types of funds. Within ... they are going to use the fund as a checking account, they will want to know how many checks they are allowed to write per month and the charge for each check. A money-market fund is a good place to keep a family's emergency fund. Most financial planners recommend that investors put aside a nest egg of three to six months' salary to meet emergency expenses. And, since with a money-market fund the net asset value is always $1 , the interest earned simply buys more shares in the fund. Stock Bonds ... requirements for taking the exams and receiving a license. While no specific training is required to take the exams, agents should certainly be reading and taking courses on investments and financial planning in order to best serve their clients. Agents would also be well-advised to check their Errors & Omissions coverage before embarking on any such venture. THE PRODUCT Just as there are a multitude of investment opportunities, so are there a wide variety of mutual funds. While a particular organization may offer dozens of mutual funds, there are basically four different types ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/227/Emerging-E-O-Loss-Exposures/
... 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 and skill. The technical and complex nature of insurance raises the standards they must meet. Breaching their duty in a way that injures a client could make the agency liable for the damages. Remember that "perception is reality." If a client perceives that the agency harmed them, the agency will have to defend itself against that accusation. ... and make sure their own insurance policies recognize both property and liability exposures. If investment or business property is involved, any Business insurance policies should be amended, too. The matter gets complicated because there are many types of trusts and ownership transfers, and most estate planners don't address Personal Lines insurance issues. So do Personal Lines agents have to know about trusts and property ownership transfers? This is where due diligence comes in. Due diligence in this kind of situation means advising all insureds to notify the agency if they make a ... 12:00:00 AM by CompleteMarkets Editor , Ken Buehler This content has not been rated yet. With so many new concepts, 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 ...
https://completemarkets.com/Article/article-post/1664/MUTUAL-FUNDS-MODULE-V-I/
...'s emergency fund. Most financial planners recommend that investors put aside ...t also be a charge for accounting fees and marketing costs, whic