williamjones

Independent agents should be thinking about how to provide more value to win a dwindling number of business clients—many of whom will be paying more and more for coverage.

In a challenging builders risk marketplace, “water damage is becoming a silent killer for a lot of carriers,” says independent agent Bret Lawrence. “We’re seeing water damage minimum deductibles increasing and many carriers sub-limiting the coverage.”

The product covers financial losses from social engineering fraud, dishonest acts of an employee and unauthorized access by hackers.

A prospect bought a warehouse for $1 million. The replacement cost is $25 million but the owner only wants to protect their investment and has said they wouldn’t replace the building in the event of a total loss.

As investors flee the markets and businesses freeze operations during the coronavirus pandemic, the landscape for agents is shifting.

As an emerging business sector with its own unique set of risks and challenges, insuring a cannabis business may not be easy—but is far from impossible.

The product responds to the financial risk the new California Consumer Privacy Act regulation presents to existing Coalition policyholders and small to mid-sized businesses.

An insured wired $50,000 for a car that didn’t exist. The carrier is denying false pretense coverage under his dealership insurance because the claim is for a car and the dealership is classified as a motorcycle dealership.

It’s going to be a while before you can get back to “business as usual,” but business, usual or not, must continue. Here are five ways you can attract new business to your agency without stepping foot outside.

“Don’t assume your area won’t flood,” says independent agent Danny Cook, who guided his community through catastrophic flooding twice in 23 months. “Flooding is increasing in frequency and severity.”