In a market with such high selectivity, it falls on the prospective insured to show why it would be a good risk. Independent insurance agencies can help insureds implement approaches that demonstrate insurability and manage costs.
While the builders risk insurance sector continues to remain profitable, economic and environmental uncertainties within the construction industry are forcing builders and insurers to rethink their strategies.
The program targets businesses with annual receipts of up to $5 million across 80 different class codes in the construction segment, including residential home builders and commercial builders.
By instructing clients on four proactive safety procedures, insurance agents have the unique opportunity to help their clients prevent a liability claim from ever occurring and to defend against claims that are made.
As health care costs continue to rise for many Americans, employers increasingly view supplemental health benefits as crucial for recruitment, retention and employee satisfaction.
Prescription drugs play a significant role in increasing health care costs, with Americans spending approximately $98 billion out of pocket on prescription drugs, a 25% increase over the past five years.
Insureds will be reimbursed for expenses incurred up to their selected benefit limit. Additionally, there is no medical underwriting required to obtain coverage.
While 63% of employers said they provide structured safety training, only 29% of employees report receiving it regularly—and 28% say they have never received formal workplace safety training.
Insurance agents who embrace risk mitigation technologies can strengthen underwriting, deliver value to customers and differentiate their service.
HSB’s Cyber Suite includes an array of first party, third party and supplemental coverages, enhanced to include bricking, betterment, cryptojacking and more.
