Big I Alliance

The agency errors & omissions environment has become more complicated, and the result has led to several implications for independent agencies.

Agency errors & omissions coverage has been impacted by the hard market, with premiums increasing over the past few years, and difficulty in replacing waves of retirees with younger workers.

Agents are in a strong position to work with carriers to provide coverage and can be most effective when they specialize and comprehend all aspects of the event their client is seeking coverage for.

Special events insurance coverage for small events has returned to normal after the COVID-19 pandemic—but for certain larger events, the way things used to be is no longer achievable.

Central to building a long-lasting relationship with personal auto clients is communicating what is happening in the marketplace and discussing what’s coming down the pike.

The new liability policy form includes built-in subpoena coverage and pre-claim assistance, as well as an enhanced ERISA exclusion.

Rising premiums are impacting personal auto clients, who are searching for ways to curb their expenses—including driving without coverage.

“Personal lines insurance is a fundamental part of modern life and is vital in safeguarding individuals, families, property and their wellbeing,” says independent agent John Deichl. “It is complex, ever-changing, technology-driven and way more interesting

An independent agent can provide the benefit of their knowledge and expertise to ensure their clients are adequately covered during a home renovation or remodeling.

From rising rates and inflation to catastrophes and labor shortages, independent agents can help clients balance the many factors impacting the builders risk market.