There are things every agent should understand about commercial property coverage. How well-versed are you on the finer points of this key coverage? Are you familiar with how the law affects the valuation of property? Or the effect that ordinances or laws can have on...
Whether they are being spoken, written or posted online, the words we say have an impact on others—and on the ways others perceive the ones sharing those words. Personally and professionally, we have each felt the impact of what others have said about us, to us...
In the commercial-lines insurance industry, insurance agents are responsible for staying abreast of their clients’ risks and exposures, on industry trends and on best practices for representing their agency, their carriers and their customers. Stay prepared When it...
Most insurance producers feel strongly about insuring contractors—it’s often a love to or hate to reaction. One of the things that makes insuring contractors so challenging is the myriad ways insurers modify the Commercial General Liability policy, often to restrict...
The Vermont Department of Financial Regulation approved the original workers’ compensation voluntary loss cost filing made by the National Council on Compensation Insurance, consisting of an overall 4.9% decrease. In addition, a decrease of 5.6% of the overall...
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. For 2022, the National Oceanic and Atmospheric Administration predicted...
The more an insurance producer understands about cyber-related dangers that face clients, the better able that insurance producer is to help. From ransomware attacks, to breaches that trigger notification requirements under state security-breach laws, to...
This year marks the second year of the New York state Legislature’s two-year legislative cycle. Any bill that failed to pass during the first year of the session has been returned to its chamber of origin and the process starts anew. The New York state Assembly wasted...
After determining that everyone is safe and getting the claims process started, there are some claims submissions that can give an agent a belly laugh once he or she gets off the phone. Here are some comical examples of winter-season claims: No. 1: A very hungry pup....
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...