In today’s competitive employment arena, employee engagement is more important than ever. With increased mergers, larger agencies aggressively poach talent, often offering higher pay and better benefits. How can you compete? Kari Glennon, senior consultant of Sitkins Group, Inc., guides you through ways to engage and nurture employees.
Insurance agents work hard to protect their clients while safeguarding their own operations against the very real risk of errors and omissions (E&O) claims. Coverage gaps, including “failure to offer” E&O claims, lead the list of common E&O litigation. A frequent cause of E&O claims in the insurance industry arises from coverage gaps, particularly in…
Agents often get pulled into spots they don’t need to be; one of those is pulling MVRs for commercial auto clients. If asked to run MVRs for your commercial auto client, what should you do?
ISO’s Businessowners program remains very adaptable to ever-occurring changes in the business environment. The fact that the program has remained relevant and adaptable over the past four decades is a testament to their endurance. Enter the Micro BOP and its new endorsements. The recent endorsement modifications center on changes in cyber risks, which is an especially critical issue facing all businesses today. New Endorsements …
Introduction Since most claims in auto service risks arise from slip and falls, ISO removed eligibility of auto service risks from garage coverage. Given this, these risks were more appropriately written under the ISO Commercial General Liability Program. Now, after a recent multistate ISO filing, automobile service operations are eligible for Businessowners coverage. You heard what…
Since the original wildfire article with this title was written six years ago, the frequency and severity of these real-world natural catastrophe learning laboratories continue to challenge our understanding of the insurance mechanism and its ability to assist policyholders to recover after such events. While we could focus on the expanding world of extreme natural catastrophes, this…
You don’t have to be an expert in flood insurance to help your clients feel secure and position yourself as a valuable resource within your community. Here is a guide to understanding flood insurance essentials and how you can become an authorized flood agent. What is a Flood by National Flood Insurance Plan (NFIP) Standards? Before selling flood insurance, it is important to…
For insurance agents, carriers and adjusters, understanding specialized insurance products is critical to crafting tailored insurance solutions for clients across the industries. Two lesser known but useful insurance coverages are Engineering Insurance and Deterioration of Stock (DOS) insurance. While these are two distinct coverages, they are often sold together. Better understanding these coverages allows you to target your potential audience and…
While providing advice to your clients can strengthen relationships, it can also expose you to Errors & Omissions (E&O) claims. Claims can arise from issues like failure to recommend proper coverage, giving inaccurate advice that results in financial harm (such as workers’ compensation payroll miscalculations), or missing key risks. Many errors & omissions (E&O) claims…
Dehydration, heat stress, and heat stroke can escalate quickly during the summer months. Left untreated, these conditions are not just harmful but can also be life-threatening. With warmer weather on the horizon, it is vital to remind your clients about the risks posed by heat and humidity. Heat stress is not limited to outdoor workers.…
