Monthly Archives: June 2011

Does your insurance agency have a “special relationship” with your clients?

What could constitute a “special relationship” and what impact does that have? To start with, let’s look at the typical responsibilities of the insurance producer and the client in obtaining an insurance policy. It is important to understand that each state … Continue reading

Posted in Tips | Tagged , , , , , | Comments Off on Does your insurance agency have a “special relationship” with your clients?

What is your insurance agency doing with the acceptance sheet of your faxes?

It is amazing at times how some procedures, that can be so easily implemented, can have a significant impact on the direction that an E&O claim goes. When you send a fax, make sure that you retain the acceptance sheet that shows … Continue reading

Posted in Tips | Tagged , , , , , | Comments Off on What is your insurance agency doing with the acceptance sheet of your faxes?

Is your Insurance agency sending policies electronically?

This has certainly become much more common over the last couple of years – probably because of the gains, both financially and efficiency, that agents have been able to enjoy. Typically, on issues involving information sent by the agent or … Continue reading

Posted in Tips | Tagged , , , , | Comments Off on Is your Insurance agency sending policies electronically?

Is your Insurance agency at risk for being sued by one of your carriers?

One of the current E&O hotspots involves carriers suing their agent. Why does it happen? Certainly in the majority of these situations, this occurs where the agency has bound the carrier to a risk that is outside of the carrier’s … Continue reading

Posted in Tips | Tagged , , , , , | Comments Off on Is your Insurance agency at risk for being sued by one of your carriers?

Add an Education component to your Insurance proposals

How well does your client understand all of the key terms in their insurance program? There is no doubt that this varies from customer to customer. One approach that many agents use to educate their customers is to include in the … Continue reading

Posted in Tips | Tagged , , , , , | Comments Off on Add an Education component to your Insurance proposals

As More Workers Go Mobile, Workers’ Compensation Exposure Grows

Does this scenario have the potential to cause a claims problem with one of your accounts? Might be advisable to provide them some loss control guidance before a problem occurs. This is an excerpt of an article written by Andrew … Continue reading

Posted in Tips, Uncategorized | Tagged , , | Comments Off on As More Workers Go Mobile, Workers’ Compensation Exposure Grows

Does your insurance agency follow up on company issued non-pay notices?

This seems to be one of the bigger issues that agents are currently dealing with. I understand that there are reasons why an agency would choose to follow up on non-pay notices. Among the primary reasons and the one that … Continue reading

Posted in Tips | Tagged , , , , | Comments Off on Does your insurance agency follow up on company issued non-pay notices?

What is the quality of the policies issued by your insurance carriers?

I have asked this question of many agents over the years and in all honesty, not once has the answer been “they are perfect every time”. Recently, one agency advised that in their quality checking of the carrier issued policies, … Continue reading

Posted in Tips, Uncategorized | Tagged , , | Comments Off on What is the quality of the policies issued by your insurance carriers?