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/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/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/1739/MONITORING-THE-PLAN/
...Fidelity ______________ Surety ______________ Other ______... Fidelity ______________ Surety ______________ Other ___...
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/Article/article-post/960/FOCUS-ON-CLIENT-SERVICE/
... to lower payroll numbers or less surety activity is also not very attractive....rea as well as Property/Casualty and surety business. To effectively service a...
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...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/tag/experience/
... content has not been rated yet. CompleteMarkets Editor 4/30/2013 10:38:39 PM ACKNOWLEDGE CLAIM DATE [CLIENT MAIL NAME] [ADDRESS1] [CITY], [STATE] [ZIP] Dear (Customer Name), Thank you for reporting your recent claim so promptly. We have sent the report to [POL.. All Articles by CompleteMarkets Editor Comments (0 ) Administrative Expense Changes For The Life Operation This content has not been rated yet. CompleteMarkets Editor , david goodwin 4/30/2013 12:00:00 AM Here's a letter I received recently: Dear Dave: I am the manager of a four-person Life/Benefits department of a P/C agency. The agency is set up with profit centers such as Personal Lines, Commercial Lines, Surety, and Life/Benefits. Each profit center shares in the common overhead of the agency office supplies, salaries, etc. I have no problem having my department pay for what it uses. All Articles by CompleteMarkets Editor Comments (0 ) 1 2 3 4 5 .. x No Thanks Loading.. Loading.. x No Thanks Loading.. ...