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...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...rvative about offering Intellectual Property coverage, and there’s no standard...

...es? For example, do they list the primary and all excess policies? I could not...ollution), should the agent list the excess policy? If the certificate request...

...As administer claims, since their primary purpose is to administer, underwrite...effort. And, unlike the wholesale or Excess & Surplus Lines facilities, PA...

...ing 11 vehicles left in his care. Primary garage keepers was not in place to r...e met. The duty to perform is far in excess of the average retail business, bu...

... month, two months? The fact is, the agency should then determine the time frame. Most insurers have no problem with two or three weeks, but it's important to ask the company where it stands on this. Generally, a rental 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 territory definition wouldn't pick up even excess coverage in some countries. One solution is to write an Umbrella policy so ... 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, intellectual property exposures, and company 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 ... 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. Remember, too, that many other professionals, such as doctors, lawyers, architects, engineers, and CPAs, have much more rigorous training, testing, apprenticeship, and licensing than people ...

...his Act - (1) 'Insurance means primary insurance, excess insurance, reinsur...om an admitted insurance company, an excess lines company, a risk retention gr...

... allowing active participation in primary casualty risk management, combined w...ratings, additional insured wording, primary/non-contributory endorsements, an...

... into law by President Reagan on October 27, 1986. Short Title: SEC. 1. This Act may be cited as the Liability Risk Retention Act of 1986. Definitions: SEC 2. (a ) As used in this Act - (1 ) Insurance means primary insurance, excess insurance, reinsurance, surplus lines insurance, and any other arrangement for shifting and distributing risk, which is determine to be insurance under applicable State or Federal law; (2 ) liability' - (A ) means legal liability for damages ( ... costs of defense, legal costs and fees and other claims expenses) because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of - (i ) any business (whether profit or non-profit), trade, product, services (including professional services), premises, or operations; or (ii) any activity of any State or local government, or any agency or political subdivision thereof; and (B ) does not include personal risk liability ... an employer's liability with respect to its employees other than legal liability under the Federal Employers' Liability Act (45 U.S.C. 51 et seq.); (3 ) personal risk liability' means liability for damages because of injury to any person, damage to property, or other loss damage to property, or other loss or damage resulting from any personal, familiar, or household responsibilities or activities, rather than from responsibilities or activities referred to in paragraphs (2 )( A ) and (2 )( B ); ...

...ly, the Producer shall act as the primary liaison with, and account executive ...l not make or retain copies of such property. 6. The Producer's Equity in Expi...

... , the product, and the company behind the product. We've been seeing the signs for a long time: The future is communications. Infomercials are an ideal way to communicate your story to prospective clients. Ten years from now, they may be one of the primary methods of generating insurance sales. Do you want to get the jump on the competition? Or do you want to wait until everyone else is doing it? The decision is yours! The goal of the CompleteMarkets editor is to bring valuable content to the CompleteMarkets ... Depending on your local station's preference and your own self-confidence, infomercials can be broadcast live or prerecorded. The advantage of prerecording is that the program can be edited before airing. Its disadvantage is that the recording and editing may cost a bit, but not necessarily an excessive amount. As with television, your best bet is to work with the local radio station. It often provides a production studio for prerecording, and may make staff available to help edit and add in music. Note on music: Radio (and most television ... the owner of an insurance agency will probably hold no interest for the general public, or may be too complicated to understand. It helps to talk with your existing clients about what information they think is valuable. For instance, a program detailing risk management for Commercial Property insurance will probably be less likely to succeed than a commercially oriented program reviewing how to plan finances for retirement, or on health and wellness. First win over the prospect! Once you've made the initial sale, you can proceed to cross-sell other coverages. The ...