Failing to understand the details of employee classification requirements under workers compensation statutes can result in inaccurate reporting, which can lead to an assessment of additional premium after an audit—and an E&O claim.
Most managers don’t know what inspires and motivates each individual on their team to perform. Instead, they make two general assumptions: That salespeople are coin operated, and that what motivates the manager personally will also motivate everyone else.
The majority of independent agents believe consumer demand for online services will have a major effect on their agency by 2020. Yet not even half say they’re comfortable embracing online account management.
After working in claims for a carrier and later for State Farm, Mark Bailey realized he wanted to leave a personal mark on his business—and the captive culture wasn’t conducive to that goal.
Since the 1970s, Ken Parker has run his business in the same town where he grew up—deep roots for his conviction that “every agent owes something to their community.” And for more than 30 years, Parker has been doing his part to give back by teaching the
Wage and hour is now the fastest-growing type of employment practices claim. But with rare exceptions, D&O and EPLI policies do not provide wage and hour coverage—nor do they provide coverage for personal liability arising out of wage and hour.
Employment practices liability insurance is just as important as workers compensation coverage, says independent agent Tim Clarke. But most clients don’t understand how much they need it.
Regardless of your location, lessons from the most recent regional natural disasters could prove invaluable should you face a crisis in the future—and ensure your firm can serve clients in their greatest time of need.
An insured does not carry UM/UIM coverage on their BAP. After getting in an accident in the company car, can they file a UM/UIM claim on their PAP instead?
Why do some presentations elicit enthusiastic responses, while others fall flat? Is it the content, the preparation, the person or something else?
