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... "Named Insured" status/"Drive Other Car" coverage. It should be standard practice to offer the owners of the business (where the business is the named insured) additional "Named Insured" status or "Drive Other Car" coverage. If a business owner suffered an injury as a pedestrian or as a passenger in another vehicle, he or she would need this coverage to collect uninsured motorist (UM) or underinsured motorist (UIM) coverage from the Commercial Auto policy. Limits issues. When losses occur with this line of business, the damages can be significant. Limits of $1 million might sound like a lot, but claims involving bodily injuries can easily exceed this. Thus, it makes sense to offer an Umbrella policy. If your insured doesn't want to carry ... $1 million limit or an Umbrella, get their rejection in writing. This sign-off will give you a solid defense if a major claim occurs and the insured alleges you hadn't provided the proper coverage. When providing an Umbrella, especially with a different carrier than the primary, check that the necessary underlying limit requirements are being satisfied. Adding or deleting the wrong vehicles from a policy. With a Commercial Auto fleet of significant size, maintaining an accurate list can present a challenge. When the customer contacts you to add or delete specific vehicles, get the request in writing. This will help ensure that you're modifying the policy correctly, not only for the vehicles, but also for the coverage specific to those vehicles. Because the policyholder might have two vehicles of the same year and make, ...

... (0 ) Are You Offering Employment Practices Liability Insurance? This content has not been rated yet. CompleteMarkets Editor , Curtis Pearsall 4/30/2013 10:44:07 PM ARE YOU OFFERING EMPLOYMENT PRACTICES LIABILITY INSURANCE? by Curtis Pearsall Claims alleging wrongful employment practices have undoubtedly increased significantly over the last decade. According t.. All Articles by CompleteMarkets Editor Comments (0 ) Do You Take Uninsured Motorist Coverage For Granted? This content has not been rated yet. CompleteMarkets Editor , Curtis Pearsall 8/7 /2014 12:00:00 AM If you answered Yes' to the above question, or I don't think so, ' please read on. If you answered No, ' congratulations.. All Articles by CompleteMarkets Editor Comments (0 ) Knowledge = Action This content has not ... rated yet. CompleteMarkets Editor , Curtis Pearsall 4/30/2013 10:44:08 PM KNOWLEDGE = ACTION by Curtis Pearsall The other day I was travelling with a good friend who happens to be an extremely professional insurance agent. On the way to lunch, we passed a funeral home.. All Articles by CompleteMarkets Editor Comments (0 ) Mediation As An E&O Claim Strategy: Pro And Con This content has not been rated yet. CompleteMarkets Editor , Ken Buehler 4/30/2013 12:00:00 AM MEDIATION AS AN E&O CLAIM STRATEGY: PRO AND CON by Ken Buehler Mediation might or might not be an effective way of settling E&O claims. Most Errors and Omissions (E &O ) cla.. All Articles by CompleteMarkets Editor Comments ...

... General This content has not been rated yet. CompleteMarkets Editor 4/30/2013 10:37:32 PM COMPREHENSIVE GENERAL Dear (Customer Name): HOW MUCH TIME DO YOU HAVE TO THINK ABOUT INSURANCE? Probably not a lot, because you have a business to run. When you deal with (Your Agency Nam.. All Articles by CompleteMarkets Editor Comments (0 ) Do You Take Uninsured Motorist Coverage For Granted? This content has not been rated yet. CompleteMarkets Editor , Curtis Pearsall 8/7 /2014 12:00:00 AM If you answered Yes' to the above question, or I don't think so, ' please read on. If you answered No, ' congratulations.. All Articles by CompleteMarkets Editor Comments (0 ) Dollars And Sense: Financial Responsibility Requirements ... Underground Storage Tanks This content has not been rated yet. CompleteMarkets Editor 4/30/2013 10:40:04 PM DOLLARS AND SENSE: FINANCIAL RESPONSIBILITY REQUIREMENTS FOR UNDERGROUND STORAGE TANKS by U.S. Environmental Protection Agency Why Are There Financial Responsibility Requirements? Whe.. All Articles by CompleteMarkets Editor Comments (0 ) Epl Coverage Goes Where We Can't This content has not been rated yet. CompleteMarkets Editor 5/15/2014 12:00:00 AM Workers Comp policies go by the official name of Workers Compensation and Employers Liability policy. With employers eager to assure their injured workers of.. All Articles by CompleteMarkets Editor Comments (0 ) 1 2 x No Thanks Loading.. Loading.. x No Thanks Loading.. ...

... Links Categories Popular Recent All pd Articles tagged with pd Back Auto Questionnaire This content has not been rated yet. CompleteMarkets Editor , Jack Fries 4/30/2013 12:00:00 AM AUTO QUESTIONNAIRE by Jack Fries Have your producers use this questionnaire from Jack Fries to garner needed information from Auto prospects: AUTO INSURANCE QUESTIONN.. All Articles by CompleteMarkets Editor Comments (0 ) Do You Take Uninsured Motorist Coverage For Granted? This content has not been rated yet. CompleteMarkets Editor , Curtis Pearsall 8/7 /2014 12:00:00 AM If you answered Yes' to the above question, or I don't think so, ' please read on. If you answered No, ' congratulations.. All Articles by CompleteMarkets Editor Comments (0 ) x No Thanks Loading.. Loading.. ... No Thanks Loading.. ...

...ld need this coverage to collect uninsured motorist (UM) or underinsured motorist (UIM) coverage from the Commercial A...

... of expertise-without the lay-client having to ask the key questions. For example, within the P/C arena alone, many agents run down a checklist asking whether certain exposures exist. For exposures which do exist, many agents will note for their records that the client/prospect declined coverage if the proposed insurance is not bought. Some states even mandate written declinations of coverage when, for example, Uninsured Motorist coverage is declined. Certainly an agent should offer it, even if it isn't compulsory. Should we wait until heavy damage is inflicted before taking simple loss-prevention steps? It's very easy to ask clients, Would you like us to review your Life insurance needs? ' Don't wait for the threat of E&O claims to take that simple step. Here's a sample letter you can mail ... your customers. A REQUEST Dear Friend: We are pleased that you have chosen us as your insurance agents for your Property/Casualty insurance. It's a responsibility we look forward to carrying for many years. Now we have a question for you, a request, and explanations to help guide your answer. The question is: Would you have any objection to our reviewing your Life and Health insurance needs? The request is: Call us now to make an appointment; this is a serious and timely matter. If, for any reason, you have an objection ( 'I'd like to put those policies away and forget about them; I don't feel like getting into it now'), here are our explanations: 1) Many important changes in policies have developed recently. In addition ...

... renew at lower limits and/or increased deductible amounts. Recently, an agent quoted a $90,000 premium for a $5 million Commercial Umbrella policy. The expiring Umbrella's limit was $25 million at a premium of $69,000 — 80% less coverage for 50% more premium. Coverage changes requested by insureds. Be wary of requests to eliminate or reduce such coverages as Uninsured Motorist or Umbrellas. The agent above had an insured who'd recently dropped his Products Liability coverage because he said he just couldn't afford it. Agents will need to work with insureds to find a way to keep critical coverages in place and/or explore alternative risk management techniques. If you must reduce coverage, particularly at your insured's request, document everything — with the insured's signature. Carrier changes ... If you need to move an account to a new insurer, watch for coverage reductions, especially when moving from one proprietary company package to another. Since these moves are often done at the last minute, make sure that nothing slips through the cracks by having more than one person review such accounts for errors or omissions. USING E&S , RESIDUAL, AND OTHER MARKETS In recent years, the E&S marketplace grew at a rate twice that of the standard market. Expect this rate to increase significantly during a hard market. Devote ample attention to E&S , residual, and nontraditional markets. Follow applicable laws when using E&S markets. In some states, agents must demonstrate a diligent search for admitted markets before using an E&S carrier. Although not admitted ...

... CSL $500,000 CSL Medical Payments (please circle one) $1 ,000 $2 ,000 $5 ,000 $10,000 Comprehensive Deductible Amount (please circle one) $00 $50 $100 $200 $250 $500 $1 ,000 Collision Deductible Amount (please circle one) $50 $100 $200 $250 $500 $1 ,000 Uninsured Motorist Coverage Y N Towing and Labor Y N Rental Reimbursement Y N Discounts: Is everyone in household a Non-Smoker? Y N If there are students in the house: Good student Discount Y N Drivers Ed Credit Y N &# 160 Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your ... or your family? Get quality appointments - Save yourself a whole lot of time & money when you use our directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines Professionals Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and people searches you make. And much more! All Articles by CompleteMarkets Editor Monetization type: None Comments (0 ) There are no comments posted ...

...nate or reduce such coverages as Uninsured Motorist or Umbrellas. The agent above had an...

... $50 $100 $200 $250 $500 $1,000 Uninsured Motorist Coverage Y N Towing and Labor Y N R...