https://completemarkets.com/Article/article-post/70/If-The-Niche-Fits-Designing-The-Niche-Program-Questionnaire/
...artisan and specialty contractor.
Retail producers should pay careful attentio...ce programs, originally conceived by retail producers and their MGAs.
On this basis, retail producers will continue to profit from newly created specialty niche insurance programs.
https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
...m is far in excess of the average retail business, but has a kinship with the ...imes even void of any known body of insurance fact- but there's a solution. Th...
https://completemarkets.com/Article/article-post/71/Discovering-New-Niche-Programs-In-Commercial-Lines/
...orkers Comp product.
To encourage retail agents to look for new market niches,... niche programs in Commercial Lines insurance. It's up to your agency to find ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/548/Agency-Equity-Leveraging-Your-Intangible-Assets/
... encouraged to join the agency with the promise of equity, or they may earn equity in accounts over time based on achieving agency goals. We've been involved with clients in other innovative uses of equity. One recent example is when agency A transferred a portion of its retail business to agency B in return for a percentage of equity in agency B. Agency B was better suited than agency A to handle the retail business. As a result of the transfer in equity, both agencies gained in value. Agency principals should consider equity ... agency equity in exchange for the ability to write Commercial insurance for the company's clients. The benefits to the agency principal included an up-front cash payment plus a five-year payout, and the increased value in the remaining agency-owned equity due to new Commercial commissions from the cross-sales. Property/Casualty insurance companies are another excellent source for leveraging equity. In many cases, an insurance company will take an equity position in the agency in return for a book transfer and/or a guaranteed level of new business. Very often, the agency principal ... bank loan, or debt financing. Such loans are designed to be repaid at a specified rate over a specified period of time. As was mentioned earlier, however, banks might not be the best source for debt financing, since most commercial lending operations don't understand insurance agencies-which we find ironic, considering that banks want to sell insurance. More attractive alternatives for debt financing would include premium-finance companies and insurance carriers, both of whom understand the cash flow characteristics of insurance agencies. Premium finance companies often take into consideration the amount of ...
https://completemarkets.com/Article/article-post/548/Agency-Equity-Leveraging-Your-Intangible-Assets/
...cy A transferred a portion of its retail business to agency B in return for a ...r suited than agency A to handle the retail business. As a result of the trans...
https://completemarkets.com/Article/article-post/1085/Claims-Adjusting-In-A-Hard-Market/
...ness Income (BI) claim? We have a retail client who had a location at the Worl...following destruction of the leased property? If so, the expense for rent is n...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1085/Claims-Adjusting-In-A-Hard-Market/
... covered regardless of market conditions. This document by the Virtual University faculty provides an example of what you might see more of in the months to come. Can the expiration of a lease trigger the end of a Business Income (BI) claim? We have a retail client who had a location at the World Trade Center in New York. His lease technically expired on 12/31/01. Even if he wanted to, there is no lease available to sign, and probably won't be for some time. Prior to ... ) as their reasoning for the termination of payment? That type of loss doesn't appear to be at issue here. FACULTY RESPONSE NO. 3 The lease has nothing to do with the BI payment. The period of restoration' definition does say.. ends when the property at the described premises should be repaired .. It doesn't say anything about the lease. FACULTY RESPONSE NO. 4 Let's deal with the salvage first. The carrier gets the salvage when they pay the claim. The insured should demand payment according to the contract, ... within 60 days. The Causes of Loss form states that if a contract is cancelled, the payment of the BI loss would end at the expiration of the Period of Restoration, and not pay for the cancellation of a contract beyond the period of restoration. The carrier is applying a theory that isn't stated in the contract, nor supported in the cancellation of contract exclusion. The Period of Restoration is the governing factor that will determine the length of claims payment. The policy and case law are clear that the insured doesn't have ...
https://completemarkets.com/Article/article-post/2573/Characteristics-of-the-Most-Successful-Independent-Agencies/
... different reality of life in the retail insurance business.
As the Commercial market...sured by dividing current assets by insurance company accounts payable (includ...
https://completemarkets.com/Article/article-post/1398/GETTING-CLIENTS-OR-PROSPECTS-BACK/
...orne, to be precise-is an unusual retail operation. It's a car dealership, but...o detail unique differences to USAA insurance and asks the customer to call or...
https://completemarkets.com/Article/article-post/2551/When-You-See-These-Governing-Codes-Think-Pride-Risk-For-Workers%E2%80%99-Comp/
...luded in NY)
Cold Storage
Retail/ Wholesale
Staffing (Excluded in ...ordable coverage in the traditional insurance markets. But now, you can provid...