Tag Archives: Exposure Analysis Checklists

Did the carrier quote all of the coverages you requested?

In the preparation of the application for submission to the marketplace, agents will typically include coverages they are looking for the carrier to include in the proposal. As the producer, you are expecting that the markets you are working with … Continue reading

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The latest in Dog Bites statistics

As noted in the attached excellent article published by the Insurance Information Institute (www.iii.org), dog bites and other dog-related injuries accounted for more than one-third of all homeowners liability claim dollars paid out in 2016, costing in excess of $600 … Continue reading

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Can a “bad” audit score actually be a good thing? Can a “good” audit score be a bad thing?

Two very interesting questions. Without a doubt, Internal auditing within an agency is one of the best initiatives an agency can have in the establishment of a healthy E&O culture. Auditing serves a very vital role to evaluate to what … Continue reading

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Are “Drones” an item on your Exposure Analysis Checklist?

Over the last week, I have noted many excellent articles addressing the “drone” exposure and the insurance implications. These articles have appeared in a variety of sources including industry publications, LinkedIn articles, etc. This appears to be the latest exposure … Continue reading

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Don’t try to resolve E&O matters yourself

Over the last number of years, I have received frequent e-mails, phone calls, personal inquiries from agency folks concerned about a matter that has occurred in their agency. Typically, the issue involves a client that has suffered a loss for … Continue reading

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Just tell me what I need!

When meeting with a customer or prospect, if this is a phrase that you hear, some caution should be exercised. Essentially what the customer is saying is that they want you to make the decision for them. They will probably … Continue reading

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Top Business Risk for 2016…might surprise you!

I was recently reviewing a publication from Allianz Global which provided survey results from over 800 risk managers and global corporate insurance experts on the top Business Risks for 2016. For the 4th year in a row, the top peril … Continue reading

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Matching coverage – why this is not the best approach

Probably more often than not, when new potential customers discuss their insurance program with an agent, they request that the agent essentially “match the coverage that they have”. One of the many fallacies with this approach is the prospect probably … Continue reading

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How many cars on the road have only the minimum state required limits?

Unfortunately, I don’t have the answer to this question but I would have to believe that it is a higher number than we would like to believe. Actually, in a study done in 2014, it was indicated that 12.6% of … Continue reading

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