https://completemarkets.com/Article/article-post/793/Understanding-And-Using-The-Services-Of-Program-Administrators/
...orkers Compensation, Marine, and Umbrella Liability. The program is admitted i...The use of PAs will add to the profits and retention of your business.
https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...siness Auto), D&O Liability, Umbrella & Excess Liability, Employment P...iligence can help reduce the frequency and severity of E&O claims as well ...
https://completemarkets.com/Article/article-post/229/Agency-Risk-Management-Of-Soft-Market-Hard-Market-Exposures/
...reas, primarily in Liability and Umbrella/Excess Liability policies. You must ...ile demonstrating your professionalism and your concerns to your clients.
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1635/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-4-OF-4/
... equivalent of the DIC is the Umbrella-probably the most important single policy of all. It supplies the needed high limits and broad coverage for the blockbuster liability claim. Be sure it's the broadest possible. Pay a little more if necessary, but don't settle for an inferior Umbrella. Insurance Companies and Their Environment The insurance world is fragmented into many compartments, some of interest and some of no concern to the risk manager. One division that should be of no concern (but which has received inordinate attention) is whether an insurer is ... to regulation by the insurance commissioner. Sometimes the licensed companies are unable to underwrite certain unusual types of risks, which can be written by non-licensed companies. Though unlicensed and unregulated, these companies do a significant amount of business. They are called Surplus Lines' or Excess Lines' carriers and sell through Surplus Lines brokers, who are regulated. In some cases, you can do business with them directly. Many are large, well-managed companies with an excellent product. (Lloyd's is a surplus lines insurer in all states but Illinois ... of an income-producing activity: utility, toll road or bridge, auditorium, and so forth Loss of taxes because of destruction of a principal taxpayer's property Extra expenses from administrative dislocations following any catastrophe Extra expenses from hand processing data after loss of data-processing facilities Unusual types of liability, such as liquor liability, that are not perceived as important until an unforeseen situation Loss Prevention Safety programs affect insurance costs indirectly by reducing losses (which in turn indirectly affect premiums), but few safety measures are recognized in liability rating. To find out ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2139/CERTIFICATES-OF-INSURANCE-BEST-PRACTICES/
... legal precedent while researching this issue. It makes sense to list only those &# 160coverages applicable to the request for the cert. For example, when sending a certificate to a general contractor, you would probably need to list only the Workers Compensation, Liability and Umbrella coverages, not property. I d also suggest that an agent include all applicable policies (primary and excess) unless the request for the cert asks only for limit/coverage verification up to a certain limit. When an agent issues a certificate but the excess ... it might well have changed! Questions and Answers Several excellent questions at the conference warranted additional research: When an agent issues a certificate of insurance, is he or she legally obligated to list all applicable policies? For example, do they list the primary and all excess policies? I could not locate any specific legal precedent while researching this issue. It makes sense to list only those &# 160coverages applicable to the request for the cert. For example, when sending a certificate to a general contractor, you would probably need ... list only the Workers Compensation, Liability and Umbrella coverages, not property. I d also suggest that an agent include all applicable policies (primary and excess) unless the request for the cert asks only for limit/coverage verification up to a certain limit. When an agent issues a certificate but the excess policy excludes certain coverage (example: pollution), should the agent list the excess policy? If the certificate request is to show proof of Pollution coverage, the agent should not indicate on the cert any policies that exclude ...
https://completemarkets.com/Article/article-post/1635/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-4-OF-4/
...ity equivalent of the DIC is the Umbrella-probably the most important single p...s. Of the two, the CPCU is the more demanding, but the RM more pertinent.
https://completemarkets.com/Article/article-post/2139/CERTIFICATES-OF-INSURANCE-BEST-PRACTICES/
...kers Compensation, Liability and Umbrella coverages, not property. I d also su...involving the issuance of certificates and educate your staff on this importan...
https://completemarkets.com/Article/article-post/1324/GENERAL-CUSTOMER-QUESTIONNAIRE/
...? ____ Not Interested? ____ 3. Umbrella Liability Interested? ____ Not Int... Auto policy contain 'Accidental Death and Disability' coverage? ____________...
https://completemarkets.com/Article/article-post/2800/Best-Insurance-Plans-That-Protect-Large-Scale-Contractor-Operations/
...Commercial Auto, Builder's Risk, Umbrella/Excess Liability, Tools & Equipm...-optimized areas in large contractor programs.
https://completemarkets.com/Article/article-post/212/How-To-Deal-With-A-Wholesaler/
...ract markets and then broker the Umbrella portion of the account with their br...in the long run for you, your clients, and your agency.