Markets

By understanding the ins and outs of an ERISA bond and what it protects against, independent agents can better position themselves to offer this important coverage.

Although project contracts and insurance coverage offer essential protection, independent agents should encourage architects and engineers to remain vigilant with risk management and training to protect themselves from a volatile claims environment.

Sertis’ focus is on multifamily garden-style apartments with coverages including package, monoline general liability and monoline property with equipment breakdown.

As the equine industry continues to thrive through increased horse ownership and an expanding equestrian sports market, agents can offer the benefit of their knowledge of equine-related risks.

From inadequate coverage to unexpected costs and lawsuits, the risks of misclassification are real and can have a lasting impact.

“There is a growing focus on sustainability and green building practices in the construction industry, which can impact insurance requirements and the coverage needed,” says independent agent Jase Riggs.

Understanding the reasons behind the significant growth in the equine industry can present numerous opportunities for agents.

For hosts of Airbnb and Vrbo properties, there are options that an independent insurance agent can offer, as well as numerous tips agents should relay to their clients to avoid a claim.

The Neptune excess flood policy provides coverage above the maximum limit available through the National Flood Insurance Program (NFIP), allowing customers to keep their NFIP policy if they have yet to reach their market rate.

Although commercial property insurance typically covers fire damage, the unique risks posed by lithium-ion batteries can often necessitate additional policy endorsements.