Big I Alliance

The product offers sublimit reinstatements, up to $1 million in wage and hour protection and continuity of claims coverage.

Supplementing a standard homeowners policy with a personal article floater or endorsement policy can provide essential coverage for clients.

“In the past few years, there have been a number of new high-rise condos that have been completed and more are on the way,” says independent agent Sharilyn Tanaka. “Ensuring that each unit owner has the appropriate insurance is our mission.”

With a dynamic general liability market, agents can play a key role in assisting their clients and continually add value to the relationship.

As litigation funding becomes more common in general liability litigation, rising claims costs are impacting the casualty market.

Before baby boomers leave record-breaking levels of wealth to their heirs over the next two decades, agencies should start considering how to court the next generation of clients.

Whether it’s reevaluating tried-and-true policies or exploring new lines, agents have several opportunities to expand this summer.