https://completemarkets.com/Article/article-post/793/Understanding-And-Using-The-Services-Of-Program-Administrators/
...ivities: equine, marine, shooting sports, and so on. This is provided by a tea...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1326/Homeowners-Confidential-Checklist/
... Editor This content has not been rated yet. Please check yes or no to these questions: YES NO Do you own any antiques, fine art, or paintings? Do you own any collections such as unique dishes, Indian items, coins or stamps, etc.? Do you own any jewelry, or furs valued over $1 ,000? Do you own valuable cameras and/or sporting equipment? Do you frequently keep over $200 of money in any form in your home? Would you like us to send a form to help you make an inventory of your personal property? Do you maintain an office in your home or give private lessons, such as music lessons? Would it cost more to rebuild your home at today's prices than is covered by your current insurance? ... own any rental or investment property? Do you or any member of your family own a business? Do you have a Retirement Plan? Do you want more information? ___ Within the next year, would you be interested in discussing Life insurance? or ____ Do you have income insurance in case you are sick or hurt? If you are a self-employed professional, do you have professional liability and malpractice coverage (CPA, doctor, lawyer, psychologist, drug counselor, etc.)? Do you think your liability limits should be increased? Are you concerned about estate tax liability if you were to die prematurely? Do you have a mortgage cancellation policy? Do you plan to buy a new home (or mobile home) this coming year? Do you plan to start a ...
https://completemarkets.com/Article/article-post/1326/Homeowners-Confidential-Checklist/
...sional, do you have professional liability and malpractice coverage (CPA, doct... Are you concerned about estate tax liability if you were to die prematurely?
...
https://completemarkets.com/Article/article-post/92/Offense-Or-Defense-Converting-Management-Problems-To-Opportunities/
...e provision; the Rental Property Liability coverage with a Pollution exclusion...
https://completemarkets.com/Article/article-post/1039/The-Bottom-Line-On-Agency-Value/
... approach, the client will perceive the entire agency team as servicing the account, rather than one producer, and the agency has a better chance of keeping the account should the producer depart. We define recurring expenses as expenses necessary to support the generation and retention of insurance related income. We excluded such unnecessary expenses as country club dues, automobile leases for non-employee family members, and season tickets to sporting events. We also exclude non-recurring expenses. These might include professional fees for changes to an employee benefit program, one-time purchases of major office equipment, or producer commissions paid for non-recurring Life income. TRACKING DOWN EXPENSES Because adjusting for unnecessary and non-recurring expense items benefits owners when valuing an agency, keeping track of these items is critical. Some expenses, such as country club dues and season tickets ... components: Earnings Value and Tangible Net Worth. An agency's Earnings Value is the value attributed to its ongoing operations. To derive earnings value, we multiply an agency's sustainable earnings capacity, the bottom line, ' as demonstrated in its income statement, by a subjective multiple determined through an analysis of the inherent risk factors of the agency. Tangible Net Worth is the sum of the tangible assets less liabilities. One caveat is that industry convention typically expresses an agency's purchase price as a multiple of revenue. This often causes people to assume incorrectly that an agency's value is derived by utilizing a multiple of revenue. However, as we've just noted, an agency's value isn't based on revenue, but on what that revenue produces in terms of Sustainable Earnings. In a nutshell, sustainable earnings are the ...
https://completemarkets.com/Article/article-post/1331/SPRINGTIME-QUESTIONNAIRE/
... Do you think your current liability limits and medical payments are ade...
https://completemarkets.com/Article/article-post/2573/Characteristics-of-the-Most-Successful-Independent-Agencies/
...o the prospects. If you sponsor a sports team, take pictures and send them to ...
https://completemarkets.com/Article/article-post/19/Sample-Electronic-Communication-Policy/
...ising.
Gambling, monitoring sports scores, or playing electronic games. ...sure the ongoing availability and reliability of these systems. If during the ...
https://completemarkets.com/Article/article-post/782/100-Quality-Service-Standards/
...e size and strength can become a liability instead of an advantage.
The only a...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/793/Understanding-And-Using-The-Services-Of-Program-Administrators/
... the program. We appoint agents based on their reputation within the insurance community and their proximity to the type of business being produced. Since many specialty programs have a limited prospect base, it's important that appointed agents be spread out geographically so that they aren't competing with each other for the same program. Loss-control and safety manuals address certain aspects of the insured's guest activities: equine, marine, shooting sports, and so on. This is provided by a team of seven loss-control specialists, all retired USMC officers. More insurance companies are turning to PAs to underwrite and market their specialty programs. Insurance companies are focusing on specialty classes of business that they believe will give them an adequate underwriting return, since they can better control their expenses and apply actuary data (premiums, losses, expenses, ... criteria. In a genuine specialty program, only a limited number of insurance companies have: The understanding or desire to compete for the class of business The rates or forms necessary to rate or insure the exposures properly Individual reinsurance treaties in place to give the primary carrier the flexibility and capacity necessary to insure the underwritten class Keep in mind that standard reinsurance treaties, like standard ISO forms, exclude certain Liability and Property exposures, which in turn restrict the underwriter's ability to compete for many classes of business. For the most part, a program offers multiple-line coverages to their prospective clients. Exceptions include Professional Liability, Pollution Liability, Errors & Omissions, Directors & Officers, and Products Liability policies. PAs have even progressed to the point of employing loss-control representatives who have the expertise to specialize in the ...