https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...l company’s Liability coverage is primary but with only standard limits, and most Personal Auto policies are excess over those limits. What about an auto rented outside the United States? The ... loss ratios, low investment returns, automation problems, misguided marketing...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2138/E-O-Insights-Let-Me-Think-About-It-%E2%80%A6/
... . The underlying case was worth $5 million to $10 million. The client, a new customer, had provided a copy of his previous policy to the agent and asked for coverage. The agent stated that he saw the previous policy had $1 million primary and $4 million umbrella. According to the agent, he told the client he was only going to obtain a primary policy for $1 million and that the client was going to think about whether he wanted the umbrella coverage. Again, according to the ... O carrier settled the claim for the limit of the agency's policy, $1 million. Could this happen in your agency? There's probably not much question whether clients need or want primary coverages. After all, the vast majority of your commercial clients need liability and auto, etc. When you meet with them, there's little doubt that you are to put these vital coverages into effect. However, when the topic gets around to an umbrella, the answer might not be so easy for your client to answer because it involves ... expense they might not be able to afford. As they debate this in their mind, they'll probably try to determine the likelihood that the "big claim" could happen to them. In the claim, the agent was taking over the risk from another agent. It's fair to say that this happens frequently. In these cases, the client might often request you to "duplicate what I have but save me money." This is dangerous and can lead to an uninsured claims — and potentially E&O litigation. If ...
https://completemarkets.com/Article/article-post/2564/Its-a-Small-World-Doing-Business-Abroad/
...o new international markets, both primary (with such carriers as AGF, Allianz,... basis.
Identify their exposures: Auto, Health, Marine, Products Liability, Workers' Compensation, and so f...
https://completemarkets.com/Article/article-post/2138/E-O-Insights-Let-Me-Think-About-It-%E2%80%A6/
...he previous policy had $1 million primary and $4 million umbrella. According t...but by no means least, make sure the primary policies are at the required unde...
https://completemarkets.com/Article/article-post/793/Understanding-And-Using-The-Services-Of-Program-Administrators/
...As administer claims, since their primary purpose is to administer, underwrite...gram market might not be an agency's primary focus, but it must be within its ...
https://completemarkets.com/Article/article-post/2353/Crisis-Management-Plan-Development-Part-1/
...s generally structured with three primary elements involving:
Crisis Exp...er than property, liability including auto, and workers compensation insurance...
https://completemarkets.com/Article/article-post/1805/ENHANCING-AGENCY-VALUE-WHAT-THE-MARKETING-MANAGER-CAN-DO/
...odern agency era depends on three primary factors: 1. Creation of a busines...ng owners (excess T&E, excess auto) = $_____ 6. Add: Interest expense...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1596/LIFE-INSURANCE-PROSPECTING-TRAVEL-BUSINESS/
... person about vacation plans during any conversation, also offering a gift. You could advertise in the local media. And you could arrange for travel agencies to relate your gift offer, perhaps as a joint service. (Some P/C agencies use travel as a primary business builder; that's a topic for a future issue.) After you've gathered a list of prospects, agency insureds should be identified (perhaps by number-code or color-coded cards) and distinguished from non-clients. Next, the service offered is a review of all insurance ... the point, it should be noted that expensive cameras, camcorders, portable computers, or FAX machines and other high-value items can exhaust Homeowners polices' off-premises limits handily. Collision- and Loss-deductible Waivers-two more modern inventions-should be discussed, if appropriate, as well as out-of-state Auto liability requirements. And perhaps scheduled articles should be re-appraised or reviewed, or a trip-travel policy taken. There are several corollary benefits to pre-trip reviews: They make an agency stand out; few competitors offer such services in a planned manner. They help prevent E ... O suits, since you're going on record as offering a thorough review of all insurance needs. This can be important when an insured has one or more other agents handling coverages, and a gap or overlap causes problems. They create opportunities for follow-up service or prospecting calls, updating the premium calendar to reflect changes that are sure to come. Most important in terms of Life sales, of course, is that they create favorable conditions to review obsolete policies in a service-oriented way, providing a useful and appreciated result, regardless of ...
https://completemarkets.com/Article/article-post/2500/OIL-GAS-INDUSTRY-GROWING-INSURANCE-OPPORTUNITIES/
... the primary focus and greatest
...
Auto
...
https://completemarkets.com/Article/article-post/423/Community-Bank-Insurance-Sales-The-Outlook/
...to market insurance products. The primary advantage of the consortium is that ...