Over the past 20 years, the number of individual specialty crops insured under crop insurance programs increased by 27%, and in October 2023 the USDA announced expanded coverage options for specialty-crop and organic producers.
High net-worth individuals and farmers looking to diversify their income streams through agritainment must also factor in the potential risks associated with these types of operations.
“The current hard market conditions have been the most challenging hurdles to navigate in over 20 years,” says independent agent Jeff Johnson. “There are so many factors playing into this hard market, which make placing business more difficult than ever b
The agency errors & omissions environment has become more complicated, and the result has led to several implications for independent agencies.
Here’s how an agent can to explain this unique requirement to their surety clients.
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.
Executive Risk Insurance products on surplus lines paper provides coverage to a broader range of industries including health care, education, private equity (PE), and more.
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.
Half of Americans believe their house of worship, nonprofit, community group or school is not prepared for the possibiity of an armed intruder, highlighting the need for agents to help clients mitigate a sobering risk.
A U.S.-based trucking client’s truck and cargo were stolen in Canada, but the carrier denied the claim due to a territorial exclusion. The loss happened “before the insured had a chance to read the policy.”
