https://completemarkets.com/Article/article-post/2085/HIDDEN-LIABILITIES-IN-MERGERS-AND-ACQUISITIONS/
...t automatically protected under a primary or excess liability policy. 2) ...carefully examine the potential for liability and weigh the possible risks tha...
https://completemarkets.com/Article/article-post/1669/FINANCIAL-INSURANCE/
...n around for 30 years or more. A primary purpose of these plans is to stabili... current values. Protection of liability reserves from appropriation. Thi...
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 m...e insurer.
DIRECTORS & OFFICERS LIABILITY
Nonprofit and for-profit corpora...
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/
... claim involved a client from another state whose tow truck rear-ended a car, causing an occupant of the vehicle to become a wheelchair-bound paraplegic. 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 agent, the client never got back to him on the umbrella. The client testified that he told the agent to duplicate his prior ... assumed that he had umbrella coverage. Unfortunately, there was no documentation of the alleged conversations between the agent and the client. The E&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 additional expense they might not be able to afford. As they debate this in their mind, they'll probably try to determine ...
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/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/2353/Crisis-Management-Plan-Development-Part-1/
...s generally structured with three primary elements involving:
Crisis Exp...cial survival rather than property, liability including auto, and workers comp...
https://completemarkets.com/Article/article-post/2757/Do-vacation-rentals-need-special-insurance-coverage/
...rance claim. This program acts as primary insurance and provides liability co...operty if you don't already have a liability policy.
Airbnb's Host Guarantee ...
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,...res: Auto, Health, Marine, Products Liability, Workers' Compensation, and so f...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/558/Whats-A-Liquidity-Ratio-And-Why-Should-It-Be-Important-For-An-Insurance-Agent/
... monthly to your Balance Sheet. Running a balance sheet without applying these ratios is like collecting data but never evaluating it: CURRENT RATIO The general liquidity ratio measures your agency's short-term health. If current assets can't meet current liabilities (within 12 months), you need to strengthen your liquidity. Formula: Current Assets/Current Liabilities Benchmark: At least 100% ACID TEST The acid test is a primary liquidity measure used to determine whether the firm can meet its current obligations. Formula: (Cash+ Receivables)/Payables Benchmark: At least 90% RECEIVABLES TO PAYABLES A poor receivables-to-payables ratio indicates a poor collector. Formula: Trade (Co.) (or All) Receivables/Trade (premiums) (or All) Payables. Benchmark: Less than 75% TANGIBLE NET WORTH ( ... the liquidity of your business. All you need are the formulas and benchmarks to convert this data to meaningful results. Here are the formulas and liquidity ratio benchmarks that you should apply monthly to your Balance Sheet. Running a balance sheet without applying these ratios is like collecting data but never evaluating it: CURRENT RATIO The general liquidity ratio measures your agency's short-term health. If current assets can't meet current liabilities (within 12 months), you need to strengthen your liquidity. Formula: Current Assets/Current Liabilities Benchmark: At least 100% ACID TEST The acid test is a primary liquidity measure used to determine whether the firm can meet its current obligations. Formula: (Cash+ Receivables)/Payables Benchmark: At least 90% RECEIVABLES TO PAYABLES A poor receivables-to-payables ratio indicates a poor collector ...