When insurers choose to cancel—or not to renew—a personal insurance policy, they need to ensure that they comply with the laws of the state in which they do business. Agents need to know these requirements to ensure they and their clients receive the notice of...
The best time to prepare yourself and educate your clients about claims and how their policies will respond is before the claim happens. Commercial-lines insurance policies are nuanced, and they can leave even the most experienced insurance professionals scratching...
When independent agents take a closer look at workers’ compensation insurance, disability insurance and health insurance, they need to be able to identify which types of coverage come from each type of insurance. This is important because then, agents can prepare...
Employers must follow myriad federal, state and local employment-related laws—and a lack of compliance can lead to an employment practices claim. Additionally, employers are exposed to claims for breaches of contracts and various workplace torts, like invasion of...
Today, employers must have effective loss controls in place before they purchase employment practices liability insurance. And yet, the current hardening of the market for such coverage shows us that rates and retentions are increasing after years of struggles....
The New York State Department of Financial Services announced today that it has finalized changes to the continuing-education requirements for insurance producers. What’s new? All licensees will be required to take at least: one hour of insurance law per licensing...
As an independent insurance agent, it’s critical that you act responsibly and ethically in order to ensure that your clients are protected. Learning about what ethics are—and how to respond to ethical dilemmas—is important to you, your agency and your clients. Here...
Do you have clients who drink wine? Or, more specifically—do you have clients who collect wine? Did you know that, depending on the size and value of their wine collection, they can get coverage? To help your clients get coverage for their beloved reds, whites and...
Do you often cringe when you open an email and see a certificate request from one of your commercial clients? There are few things that cause more problems for insurance agents than requests for certificates of insurance. The requests and requirements seem to...
The National Flood Insurance Program’s new premium rating methodology, Risk Rating 2.0 will go into effect Oct. 1, 2021, for new policies, but for policies that renew between Oct. 1, 2021, and April 1, 2022, the Rating 2.0 rates also are available, if they are...