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 we hear the term risk management, typically we think of enterprise businesses or large commercial businesses that have teams of risk managers—and which are way more sophisticated than small- to mid-sized businesses. The Oxford Dictionary’s definition of risk...
Over the years, I have found that our preferred carriers don’t always offer the coverage we need for our insureds. As a result, we shop for coverage in the excess market for general liability, professional liability, and cyber liability coverages to name a few. While...
I’m a coastal agent who insures a lot of secondary homes. At my agency, I have been watching water-damage claims closely for years. When our area gets a deep freeze, we do have a fair number of large claims due to water damage. However, weather is only a part of...
The law on who can avail themselves to insurance coverage as an additional insured can be problematic. Unlike your standard insurance contract between the insurer and insured, the nature of an additional insured clause often involves third parties seeking defense and...
Now before I lose you before we start, hear me out. If pirates attacked your home and loved ones or your office and employees tomorrow, would you have the right insurance coverage to cover the loss? Pirates often steal, break things, harm or kill people, or they could...
From time to time, independent insurance agents will have to negotiate with their clients about their insurance policies—maybe a new homeowner will ask the agent to match a competitor’s lower monthly premium because he or she feels more comfortable signing with the...
Do you have clients who are asking you questions about the benefits and policy differences of long-term care insurance? Are you looking for a handy resource that can help you explain the different plans that are available to them? Look no further. The purpose of...
Earlier this week, Shannen Doherty—known for her roles in “Charmed,” “Beverly Hills 90210,” and “The Secret of NIMH”—won her court case against State Farm after the insurance company refused to adequately cover damages sustained to her home in California, after a...
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...