Don’t Get Hit: Offer Assault and Battery to Avoid an E&O Claim
Any business where the threat of physical harm could occur on or near the premises has an assault and battery exposure. It is not limited to liquor stores, restaurants and bars.
Any business where the threat of physical harm could occur on or near the premises has an assault and battery exposure. It is not limited to liquor stores, restaurants and bars.
Private equity (PE) buyers are responsible for 77% of the publicly reported acquisitions in the independent agency system. However, there are some prevalent misperceptions about PE buyers.
Inadequate limits are an all-too-common claim in independent insurance agency E&O. And with inflation today outstripping even the inflation guards inserted on some policies, these claims are becoming more frequent.
What is your firm’s culture? It might include a compelling value proposition or describe how you provide the best service or have cutting-edge technology. But what about your sales culture?
When it comes to leadership, chopping wood and carrying water is an easily adopted outlook.
Keith Mann, COO/CFO at Scott Insurance, talks about how the 100% employee-owned agency uses the Big “I” Best Practices Study to incrementally strengthen the business with the data and benchmarks.
Woodruff Sawyer in San Francisco was the top-performing agency in the Over 25 million in Revenue category in the 2022 Best Practices Study.
Cragin & Pike in Las Vegas was the top-performing agency in the $10 million-$25 million in Revenue category in the 2022 Best Practices Study.
First West in Bozeman, Montana, was the top-performing agency in the $5 million-$10 million in Revenue category in the 2022 Best Practices Study.
Bogle Agency Insurance in Lyndhurst, New Jersey, was the top-performing agency in the $1.25 million-$5 million in Revenue category in the 2022 Best Practices Study.