https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/164/Windows-Of-Opportunity/
... emphasis on profitable target markets. Of course, there are risks. Because niche markets are highly specialized, changes in market conditions, legislation or regulations can erase them quickly. And agents entering new niche markets must spend time learning specialized rules as well as the workings of the industry they are writing. Perhaps most important, there must be genuine need for insurance in the target market. Still, with a little homework, agents can identify potential niche markets, find interested carriers, launch their own programs-and kiss competition good-bye. Open Doors For Ward Insurance Agency of Gatesville, opportunity did more than just knock. It walked in the front door and asked for an application. In about 1980, a controller from a construction firm office up the street walked in and asked if we had a contractor surety questionnaire, ' recalls John Ward, one of two principals in the family-owned business. The contractor had messed up the form provided by an out-of-town agent and needed a clean version to fill out. I said I could provide the same service for him locally, ' says Ward. We had never done surety bonds before and I thought it would be like writing a fire policy. It was a real learning experience. Today, due to a lot of hard work and a common sense approach, construction surety bonds-guarantees that contractors will complete construction projects-account for about 15 percent of the agency's $2.25 million in annual premiums. Three-quarters of the agency's business is in commercial lines, and about half of that is with construction businesses, Ward says. When I got in the business in 1979, no ...
https://completemarkets.com/Article/article-post/164/Windows-Of-Opportunity/
... and asked if we had a contractor surety questionnaire,' recalls John Ward, on... the prize value. Aetna Casualty and Surety Co. is the carrier for the hole-in...
https://completemarkets.com/Article/article-post/2800/Best-Insurance-Plans-That-Protect-Large-Scale-Contractor-Operations/
...tallation Floater, Inland Marine, Surety Bonds, Umbrella/Excess, OCIP/CCIP, Wr...lity (E&O), umbrella/excess, and surety bonds, distributed exclusively thr...
https://completemarkets.com/Article/article-post/1616/DOLLARS-AND-SENSE-FINANCIAL-RESPONSIBILITY-REQUIREMENTS-FOR-UNDERGROUND-STORAGE-TANKS/
...t to be described. OBTAIN A SURETY BOND. A surety bond is a guarantee by a surety company that it will meet your financ...the cancellation notice. Guarantees, surety bonds, and letters of credit can b...
https://completemarkets.com/Article/article-post/1736/MONITORING-THE-PLAN/
...nds: Fidelity ______________ Surety ______________ Other ___________... Bonds: Fidelity ______________ Surety ______________ Other ________...
https://completemarkets.com/Article/article-post/1739/MONITORING-THE-PLAN/
...Fidelity ______________ Surety ______________ Other ______... Fidelity ______________ Surety ______________ Other ___...
https://completemarkets.com/Article/article-post/2564/Its-a-Small-World-Doing-Business-Abroad/
...e in such lines as Auto, Medical, Surety, and Workers' Compensation to third-w...milarly, many IMMS members are large surety brokers with a wealth of expertise...
https://completemarkets.com/Article/article-post/802/Administrative-Expense-Changes-For-The-Life-Operation/
...Personal Lines, Commercial Lines, Surety, and Life/Benefits. Each profit cente...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1617/PRODUCER-CONTRACT-EMPLOYMENT-AGREEMENT/
... #160 (iv) Employee Automobile. Employee shall, at his or her own cost and expense, procure an automobile for use in traveling about his or her designated territory and making calls on customers and prospective customers. Employee shall further procure and maintain in force an Automobile Liability insurance policy covering such automobile in the minimum amounts of $250,000 for bodily injury or death to one person in one accident, $500,000 for bodily injury or death in one accident, and $100,000 for property damage in one accident, and Employee shall deliver to Employer a true copy of such Automobile Liability insurance policy. Employee agrees to indemnify and hold Employer harmless from any claims arising out of the operation of such automobile by Employee. &# 160 (v ) Qualification for Surety Bond. Employee agrees that he or she will furnish all information and take any other steps necessary to enable Employer to obtain a Fidelity bond conditioned on the rendering of a true account by Employee of all moneys, goods, or other property which may come into the custody, charge, or possession of Employee during the term of his or her employment. The surety company issuing the bond and the amount of the bond must be acceptable to Employer at the sole discretion of Employer. All premiums on the bond are to be paid by Employer. Failure by Employee to qualify for such bond within sixty (60) days from the date of this Agreement will result in immediate termination of the Employment Contract. &# 160 3. Compensation. &# 160 (i ) Employer shall pay ...
https://completemarkets.com/Article/article-post/1617/PRODUCER-CONTRACT-EMPLOYMENT-AGREEMENT/
.... (v) Qualification for Surety Bond. Employee agrees that he or she ...e term of his or her employment. The surety company issuing the bond and the a...