In today’s business environment—especially during the pandemic—businesses needed to find a way to stay afloat. This means that accounts, both big and small, have had to find a way to expand their reach both domestically and internationally. Small- to medium-sized...
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...
The winter season may bring warm fires, hot chocolate and cozy socks to mind—but residents in the Northeast aren’t strangers to the bitter cold, snowy conditions that accompany the winter months. This year, the National Oceanic and Atmospheric Administration predicts...
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...
Personal- and commercial-lines insurance policies are nuanced. If you know how each policy will respond to an insurance claim, you can help your clients be better prepared ahead of time. Quiz yourself with the following examples: Do both personal- and commercial-lines...
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...
Gov. Phil Murphy signed A-4805 into law this week. The new law requires insurers to disclose critical information related to business-interruption coverage in commercial insurance policies to consumers. Requirements for insurers The new law serves to correct clients’...
Insurance for trucking risks can be extremely confusing to insurance agents unless they are prepared and knowledgeable about the coverage. In addition to general knowledge about the risk, insurance professionals must know the underwriting guidelines and...
When policyholders are facing nonrenewal or cancellation of their policies, it’s important that you—the agent—follow the rules when notifying them of the nonrenewal or cancellation. But, depending on the state in which you do business, the rules may differ. New York...