| |  | | | Special Features * Advantages of Big 'I' Membership * Agency Management * Commercial Lines * Professional Liability * Homeowners' Insurance * Workers' Compensation * Insurance Laws & Statutes/Coverage Resources |
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| | Statistics don’t lie, and all across the internet recently we see articles about underinsured homes throughout the U.S. After a loss is a terrible time to discover your insured’s policy limits are insufficient. How can today’s agents best help their insureds adequately protect their homes, even when it means a higher premium? Here are some tips to help you keep you better protect your insureds’ property values. |
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| | If you incorrectly name your insured on any policy, your insured may find he or she does not have coverage. After a loss is the worst time to learn that fact. The first questions most well-trained adjusters ask as they review a loss is who suffered the loss and is that person or entity listed on the policy. This article will cover a recent court decision and provide insight into how to properly list your insureds on all their policies. |
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| | Join some industry titans at the Mid-America Insurance Conference in Kansas City November 6-8, 2022. |
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| | Eagle Agency provides Big 'I' members with direct access to preferred personal and/or commercial lines in 49 states and the District of Columbia (not available in HI) with minimal volume commitment. The program strives to fit the member's personal lines needs by incubating until the member qualifies for a direct appointment. Appointments are subject to review and approval by Eagle Agency and the carrier. |
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| | About the time you become satisfied with your knowledge level, figuring you know all there is to know, you become a danger to yourself and everyone else. For example, the most dangerous time for any pilot or insurance practitioner is that point when they begin to feel comfortable in themselves and their knowledge. |
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| | While agents often refer their clients to trusted vendors such as glass and restoration companies, this linked article can highlight the dangers vendors may pose. |
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| | True experts worry more about what they don’t know than what they do know, continually looking for ways to fill their knowledge gap. Self-proclaimed experts ignore the breadth of what they don’t know and are satisfied (mainly because they don’t know what they don’t know). Be VERY wary of anyone calling themselves an “expert.” |
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| | One of the most misunderstood provisions in the CGL policy is the "your work" exclusion. In this article, we'll take a look at several actual claims and when the exclusion does and doesn't apply in a contracting situation. We'll also take a look at a couple of new ISO endorsements that make this exclusion absolute. |
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| | One of the most debated commercial lines issues is whether or not a vehicle is an "auto" or "mobile equipment." When you carefully read the policy definitions, it's amazing how many vehicles fit the definition of "mobile equipment," even vehicles licensed and used on public highways. In fact, it's possible that a vehicle could be an "auto" under one set of circumstances and "mobile equipment" under another. In this article, we'll look at an example of this debate. |
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| | Flood insurance is, unusual. A flood policy essentially covers one peril but it is surrounded by many unusual facts and facets that make flood coverage unlike any other. Agents must understand the uniqueness of flood to more effectively present it to clients. |
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| | From IA Magazine...As the light at the end of the COVID-19 tunnel gets brighter, the effects of the past 18 months on the professional liability market are becoming clearer. |
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| | A missed healthcare diagnosis resulted in a whopping $111 million verdict in Minnesota, according to a recent Burns & Wilcox article. Read on to learn more. |
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| | It's relatively easy to convince a prospect they need CGL coverage. However, it may be difficult to convince them that they may need other forms of liability insurance such as Directors & Officers, Errors & Omissions, Employment Practices Liability, etc. The problem often involves a lack of understanding between the differences in these coverages and the exposures that trigger them. |
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| | A concept as common as the application of a “property deductible” is rarely taught or even considered, it is simply “understood.” The problem is we tend towards the belief that everyone “understands” the application of a property deductible the same way. They don’t. |
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| | Replacement cost estimators are a tool in the property underwriting process, but they are not intended to be exact. They are an organized guess based on data that changes, at times very quickly. Agents writing either commercial property or homeowners’ coverage would do well to reivew this content. |
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| | Underinsurance is still a problem. According to CoreLogic approximately 60 percent of homes are underinsured by 20 percent on average. Obviously, this leads to devastating results for the insured, and possibly the agent from an E&O perspective. We know this in the industry, but now the NY Times is reporting it – and they are making serious charges. |
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| | compensation? More specifically, how does workers’ compensation respond to the latest viral panic, the Coronavirus? |
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| | From IA Magazine, this article answers the question: Is the workers comp market the darling of the property-casualty insurance industry right now? |
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| | Agents very rarely experience an employers’ liability claim; but this does not mean this important gap-filling coverage should not be understood. There are employee-related gaps in the commercial general liability (CGL) policy and the workers’ compensation (WC) policy that make this coverage a necessity. This primer allows a much clearer understanding of this important yet neglected coverage. |
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| | Because agents work in a contract-based industry subject to many legal concepts, understanding specific legal terms is necessary. |
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