What Makes a Risk Insurable?
One of the most important early concepts you will learn in insurance is this: What makes a risk insurable? This article helps to explain the elements of an insurable risk.
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Should We Obtain Signed Applications from Our New Insureds We Obtain Via Broker of Record?
Our Ask an Expert service answers this question. Q. Should we obtain a new signed application from a client we obtain via AOR or BOR? Or should we contact the former agent to obtain…
Back to Basics – Business Entity (LLC) Named Insured on an HO-6 Policy
One of our Big “I” members recently asked our experts the following question. A partnership entity jointly owns a Beach Condo (13 different partners). For property and liability coverage, an…
Back to Basics – You’re a Newly Licensed Property and Casualty Insurance Agent – What Do You Do Now?
Passing your property and casualty (P&C) licensing test was one challenge, but now that you’re duly licensed, you face new challenges. What steps should you take to build a successful career and…
Back to Basics – Navigating Insurance Requirements in Commercial Property Lease Agreements
Understanding insurance requirements in lease and purchase agreements is often complicated. From gross leases to absolute net leases, these varying terms directly influence insurance responsibilities as a leaseholder. If your…
Back to Basics – How Thriving Insurance Organizations Manage and Retain Top Intellectual Talent
The insurance industry is at a crossroads. A significant portion of the workforce is nearing retirement (of almost one million licensed agents and brokers, the average age is 45.9 years old, according…
Back to Basics – Newsletters Every Agent Should Subscribe To
We are all busy, I get it. However, with coverage and court decisions changing at lightning speed, we all need to stay up with current court decisions and coverage issues.…
Back to Basics – What Is the Surplus Lines Market?
With today’s hard market, more agents place business with the surplus lines market. This article provides a basic overview of the importance of the surplus lines market, and some pitfalls…
Back to Basics – What Does Symbol 1 on the Business Auto Policy Cover?
While Symbol 1 of the Commercial Auto Policy should cover “any auto” your insured drives, there are no guarantees that 1) Your carrier will allow this coverage on all or…
Back to Basics – Newly Licensed Property/Casualty Agent Networking Tips
If you’re a newly licensed producer, or transitioning from a customer service representative to sales, figuring out where to start in the sales process is key to your success. Here…
