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...educed commission rates for both Personal and Commercial Lines and lower premi...s divided by current liabilities) in excess of 1.1:1. The trust ratio that’s u...

...ears. The purpose is to look for excess balances and then reduce non-interest...

...I D. Commercial Lines CSR I E. Personal Lines CSR Supervisor F. Personal Lines CSR II G. Personal Lines CSR I JOB DESCRIPTIONS\ADMI...s, Commercial accounts generating in excess of $10,000 in written premium, tho...

...laries or other compensation for personal services actually rendered.' Factors...business (Life, Group, Professional Liability, Surety). In those situations, t...

...ion needs are very different for Personal Lines Homeowner's accounts than for ...oft dollar' costs benefiting owners (excess T&E, excess auto) = $_____ 6. Add: Interest e...

...nding of protecting business and personal assets. If they’re concerned ...ficant protection that Professional Liability insurance provides — ...

...es. These methods include: Excess insurance Reinsurance Guara...

... directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, ... reserves until losses are fully paid. By using alternative risk financing, a company can invest its funds elsewhere, rather than paying premiums. Insurers have developed a number of colorful terms for what amounts to a handful of alternative risk financing techniques. These methods include: Excess insurance Reinsurance Guaranteed cost Retrospective rating Large deductible Self-insurance  Captive insurance Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get ... Recent All Back Alternative Risk Financing: Size Doesn'T Matter 4/30/2013 10:41:13 PM by CompleteMarkets Editor This content has not been rated yet. ALTERNATIVE RISK FINANCING: SIZE DOESN'T MATTER Most medium-sized and smaller companies protect themselves against their property and liability exposures by purchasing Commercial insurance, while large corporations and government agencies prefer to use some type of alternative risk financing for this purpose. However, businesses of any size can employ this tool to enjoy such benefits as improved cash flow and a lower total cost of ...

... Bob Dylan, "the times, they are a changing." Although there are fewer agencies, those that remain are bigger and also (fortunately) more productive, efficient, and profitable. This phenomenon is due to several factors: Reduced commission rates for both Personal and Commercial Lines and lower premium levels in Commercial Lines have forced financially strapped agencies to go under or sell out. Pressure from insurance companies for more premium volume has driven smaller agencies together into mergers or clusters. Automation advances, including better communication with company systems ... Editor , Carol Hammes This content has not been rated yet. Ten years ago it took $5 million in total agency revenues and about $30 million in Property/Casualty premiums to land on the top 100 agency list. Now an agency needs to have in excess of $10 million in revenues and $60 million in premiums to make the cut. Ten years ago the average independent agency in the country had $250,000 in total revenues with six to seven people. Today the average is close to $600 ... that this choice fits with what all the owners want, both personally and for the agency. FINANCIAL STABILITY Remember that the financial stability of the firm is critical both for external and internal perpetuation options. You must maintain a current ratio (current assets divided by current liabilities) in excess of 1.1:1 . The trust ratio that's usually measured by dividing current assets by insurance company accounts payable (including pre-billed items) should be above 110% . Otherwise the agency could be out of trust and thus have little value to any ...

... Bob Dylan, "the times, they are a changing." Although there are fewer agencies, those that remain are bigger and also (fortunately) more productive, efficient, and profitable. This phenomenon is due to several factors: Reduced commission rates for both Personal and Commercial Lines and lower premium levels in Commercial Lines have forced financially strapped agencies to go under or sell out. Pressure from insurance companies for more premium volume has driven smaller agencies together into mergers or clusters. Automation advances, including better communication with company systems ... Editor , Carol Hammes This content has not been rated yet. Ten years ago it took $5 million in total agency revenues and about $30 million in Property/Casualty premiums to land on the top 100 agency list. Now an agency needs to have in excess of $10 million in revenues and $60 million in premiums to make the cut. Ten years ago the average independent agency in the country had $250,000 in total revenues with six to seven people. Today the average is close to $600 ... that this choice fits with what all the owners want, both personally and for the agency. FINANCIAL STABILITY Remember that the financial stability of the firm is critical both for external and internal perpetuation options. You must maintain a current ratio (current assets divided by current liabilities) in excess of 1.1:1 . The trust ratio that's usually measured by dividing current assets by insurance company accounts payable (including pre-billed items) should be above 110% . Otherwise the agency could be out of trust and thus have little value to any ...