Markets

Coverage is available for most industries and countr​ies with highlights including comprehensive coverage, excess & quota share and specialty coverages.

The wave of post-pandemic lawsuits has prompted independent insurance agents to review their errors & omissions (E&O) coverage and risk mitigation strategies.

US Assure expanded eligibility for XPressBIND, its online six-question application with no underwriting holds, from $500,000 to $1 million for new home construction projects.

As natural disasters become more frequent and more costly, insurance carriers are experiencing an increase in the frequency and severity of environmental claims.

Rainbow’s new business owners policy rewards insureds for safe behavior and provides an industry-first pay-as-you-go payment plan option that automatically adjusts to the business’ ups and downs.

For many of the small business owners who have entered the retail cannabis market, ensuring they have the correct type and sufficient levels of insurance coverage may not be top of mind.

“In the past, E&O coverage for seed dealers has been very cost-prohibitive,” says independent agent Shelly Turner. “Educating both clients and other agents on the availability of a lower cost, higher coverage option is a big focus.”

As states expand legalization, the demand for cannabis is growing, creating both opportunities and challenges for independent agents to enter the market.

As the climate changes, independent agents play a major role in educating their clients on the need to purchase flood insurance, as well as providing advice to them on the steps to take to protect their property.

The new program helps high net-worth homeowners secure adequate levels of coverage in areas where wildfires have increased in frequency and severity.