https://completemarkets.com/Article/article-post/1025/HOW-TO-AVOID-THE-12-MOST-COMMON-CAUSES-OF-BROADCAST-TOWER-LOSS/
...sential, as well as the building, parking areas, and entrances. Lighting is a ...
https://completemarkets.com/Article/article-post/69/Finding-Markets-The-Specialty-Program-Consultant/
... the reinsurer might also purchase the general agent. If this is what an agent wants, they should inform the consultant at the beginning. TYPES OF PROGRAMS Consultants must have a broad understanding of the P/C business: Hospital Malpractice, Agents E&O , Private Passenger Auto Liability, Contractors Liability, Auto Default insurance, Crane Rigging Contractors, Truck insurance, Yacht insurance, Amusement Park risks, Hazardous Waste Haulers, Homeowners insurance. Consultants must be able to use agent-clients in-depth knowledge to accelerate their learning curve in all of these product lines. Many agents recognize that their future lies in developing specialty products that they can sell to groups of insureds and their associations. A comprehensive package can go a long way toward keeping clients for the agency regardless of the underwriting cycle. CONCLUSION ... premium volume. Some engagement agreements have a fixed time frame. Others run as long as an agency contract between the parties (agency and insurance company) is in force. FINDING A CONSULTANT In the past many agents used a reinsurance intermediary to place them with an insurance company. Now with more stringent regulations for reinsurance intermediaries, they should not perform this type of service. Use reinsurance intermediaries to structure the appropriate reinsurance program behind the company making the agency appointment. On this basis, agents must become more familiar with the difference between the insurance and reinsurance markets. Consultants who can access both types of markets perform better for agents. Interview consultants much the same way carriers scrutinize the appointment of reinsurance intermediaries. Based on the exchange of information, the appointment process is made. The agent must ...
https://completemarkets.com/Article/article-post/2141/E-O-IN-COMMERCIAL-AUTO/
... any officers, partners or employees furnished an automobile for personal use? Are owned vehicles used for towing special equipment (air compressors, concrete mixers, etc.)? Are operations periodic or seasonal, resulting in the lay-up of any vehicles for 30 consecutive days or more? Are any automobiles equipped with cellular telephones, two-way radios, citizens band radios, or similar devices? How many automobiles are parked in one location overnight? Does the applicant lease/rent vehicles to others with operators? What is the maximum/average radius of operation? Is there a hired/non-owned exposure? The symbol on the policy indicates what vehicles the coverage includes. The applicable symbols (expressed in numbers), range from "1 " to "9 ," with symbol "1 " being the broadest ... any auto. Thus, if your customer were to lease a vehicle for a particular job, symbol "1 " would provide coverage. On the other hand, symbol "7 " is only for vehicles listed on the policy. There would not be coverage for leased or non-owned vehicles with this symbol. Consequently, getting answers to these questions from your customer will help when requesting that coverage be structured appropriately. Symbol "9 " is only for non-owned vehicles. Other items to consider "Named Insured" status/"Drive Other Car" coverage. It should be standard practice to offer the owners of the business (where the business is the named insured) additional "Named Insured" status or "Drive Other Car" coverage. If a business owner suffered an injury as a pedestrian ...
https://completemarkets.com/Article/article-post/2801/What-Are-the-Most-Common-Contractor-Insurance-Claim-Problems/
... delays that lead to financial disputes. These issues can disrupt schedules, raise expenses, and strain client relationships. This article explains how these claim problems develop and why they matter to a contractor's business. Property damage claims from job site accidents or equipment failure Property damage claims often result from job site accidents or equipment failure. A crane may strike a structure, or a skid steer may hit a parked vehicle. These incidents can damage buildings, tools, or nearby property. Many contractors review coverage under Affordable Contractors Insurance contractor plans to address this type of risk. General liability policies often cover third-party property damage. However, policies may exclude damage to the contractor's own work, so policy details matter. Equipment failure also drives claims. A faulty lift can drop materials and break windows. In ... , equipment loss, faulty work, and project delays that lead to financial disputes. These issues can disrupt schedules, raise expenses, and strain client relationships. This article explains how these claim problems develop and why they matter to a contractor's business. Property damage claims from job site accidents or equipment failure Property damage claims often result from job site accidents or equipment failure. A crane may strike a structure, or a skid steer may hit a parked vehicle. These incidents can damage buildings, tools, or nearby property. Many contractors review coverage under Affordable Contractors Insurance contractor plans to address this type of risk. General liability policies often cover third-party property damage. However, policies may exclude damage to the contractor's own work, so policy details matter. Equipment failure also drives claims. A faulty ...
https://completemarkets.com/Article/article-post/1816/HARD-MARKET-STRATEGIES/
... ensure positive cash flow through difficult periods. To help with the top line, seek out GAs that can provide assistance with markets and other sales related functions. To help with the bottom line, follow the basic principles of cash management. G. Edward Kalbaugh is a partner with Allegent Growth Strategies, a full-service consulting firm specializing in services to the insurance industry. Allegent is located at 100 Crossways Park Dr. W., Ste. 104, Woodbury, NY 11797. He can be contacted at (516) 364-7034, or at [email protected] . The company's Web site is www.allegentgsi.com . This article originally appeared in Rough Notes magazine and is reproduced by permission. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join ... addition, GAs add another layer between the agency and the insurance company that sometimes impacts the agency's customer service negatively. Nevertheless, in a hard market, agencies should seriously consider gaining access to the markets provided by GAs, for both Personal and Commercial lines. Accessing GA markets enables the agent to keep or get business that would otherwise be lost. When entering into arrangements with GAs, agents should structure the relationship to achieve longer-term goals, not just immediate market access. Here's what Allegent Growth Strategies recommends. Establish business goals for using GA markets. Identify GAs that could write the agency's business. Interview GAs to determine the best fit and negotiate agreements based on long-term goals. The agreements should include guidelines for submissions from the agency, level of service expectations for the GA, and provisions for ...
https://completemarkets.com/Article/article-post/2615/Telecommuting-to-Your-Virtual-Office/
...es work off site, your office and parking space requirements decrease, reducin...
https://completemarkets.com/Article/article-post/2351/Crisis-Management-Plan-Introduction/
...n February 1993 that the center's parking garage was vulnerable to a bomb atta...
https://completemarkets.com/Article/article-post/430/Finding-Agency-Personnel/
...ave been learned driving into the parking lot before the interview. CSRs shoul...
https://completemarkets.com/Article/article-post/1557/OSHA-HANDBOOK-FOR-SMALL-BUSINESSES-PART-4/
...r objects from heights (whether structures or buildings) until proper precauti...