Search CompleteMarkets

... see you then. Ridiculous, of course. If your business needs to provide continuing service while repairs are being made, you need Extra Expense insurance. (Your Brokerage Name) can provide you with this insurance, which covers the additional expenses necessary to continue the normal operation of your business following damage to your property. The extra expenses covered include things like renting temporary premises, renting equipment, contracting for telephone service, and other necessities to get you back to work. Extra Expense insurance is a sensible precaution for all businesses. ... 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 Extra Expense 4/30/2013 10:37:10 PM by CompleteMarkets Editor This content has not been rated yet. EXTRA EXPENSE &# 160 KEEP YOUR BUSINESS DOORS OPEN Dear (Customer Name): Try to imagine posting this notice on your fire-damaged building ... Sorry about the fire. It will take approximately five months for us to rebuild. Thank you for your patience, and we'll see you then. Ridiculous, of course. If your business needs to provide continuing service while repairs are being made, you need Extra Expense insurance. (Your Brokerage Name) can provide you with this insurance, which covers the additional expenses necessary to continue the normal operation of your business following damage to your property. The extra expenses covered include things like renting temporary premises, renting equipment, contracting for ...

Extra Expense
EXTRA EXPENSE   KEEP YOUR BUSINESS ...necessities to get you back to work. Extra Expense insurance is a sensible precautio...

...;t generate the expense savings or extra cash flow that an external fold-in bu...est not to plan on a higher level of expense savings. MINORITY OWNERSHIP DISC...

...etitive pricing. Agents who go the extra mile and help the insured evaluate th...d. In general, based on all of these expense factors, we find that most agenci...

...y/casualty, business interruption, extra expense, etc.) can be transferred to ...include sufficient replacement costs, extra expense, business interruption, and media...

...rounded total of $80 per hour. If extra software or hardware will be necessar...per hour and the fee with operating expense allocation should be $120 per hou...

.... This is inefficient and produces extra E&O exposure. Things become even ...

...that amount? Can you transfer that extra staff time to sales and so increase y...tion, service, and support personnel expenses. Evaluate the capabilities of ag...

... preparedness plans, they usually focus on the risk of losing their customer data and the equipment that supports it. Agencies can back up their data, but if their physical plant were destroyed, they'd need to replace equipment quickly and find an alternative location in which to operate. With an ASP, an agency doesn't have to be concerned with maintaining backups of data in a safe site or restoring it if a server is damaged or the agency's physical facility is destroyed. As long as an agency has access to an Internet connection, ... decision. A major concern was business continuity in the event of a catastrophe. It was an impressive facility, with built-in redundancies in case of power outage, fire, and flood. We also learned that the ASP had a secondary facility in another location as an extra precaution against catastrophe. BMG: Surely you must've had some reservations or second thoughts? Grady: First of all, we had to deal with human nature. With an ASP, we're losing a certain element of control. That made us a bit uncomfortable at ... use a particular agency management system. Instead, it pays the ASP a monthly subscription fee, which is based on the number of users. Additional fees might be applicable if the agency requires custom programming. An ASP offers a number of benefits, including: REDUCED EXPENSE Start-up agencies or those that haven't invested heavily in technology could enjoy significant savings by using an ASP. Running an agency management system on an ASP reduces total automation costs because there's no need to invest in hardware, software installation, and software licenses. On the ...

... preparedness plans, they usually focus on the risk of losing their customer data and the equipment that supports it. Agencies can back up their data, but if their physical plant were destroyed, they'd need to replace equipment quickly and find an alternative location in which to operate. With an ASP, an agency doesn't have to be concerned with maintaining backups of data in a safe site or restoring it if a server is damaged or the agency's physical facility is destroyed. As long as an agency has access to an Internet connection, ... decision. A major concern was business continuity in the event of a catastrophe. It was an impressive facility, with built-in redundancies in case of power outage, fire, and flood. We also learned that the ASP had a secondary facility in another location as an extra precaution against catastrophe. BMG: Surely you must've had some reservations or second thoughts? Grady: First of all, we had to deal with human nature. With an ASP, we're losing a certain element of control. That made us a bit uncomfortable at ... use a particular agency management system. Instead, it pays the ASP a monthly subscription fee, which is based on the number of users. Additional fees might be applicable if the agency requires custom programming. An ASP offers a number of benefits, including: REDUCED EXPENSE Start-up agencies or those that haven't invested heavily in technology could enjoy significant savings by using an ASP. Running an agency management system on an ASP reduces total automation costs because there's no need to invest in hardware, software installation, and software licenses. On the ...