Commercial Lines

How would you like to be in a location where you get to insure tech startups like Twitter, StubHub, Square and Uber? That’s exactly the sweet spot for Sweet & Baker, based in the not-so-small town of San Francisco.

A chief relationship officer is not a single position one must apply for, but a position for everyone. And in order to be a great CEO, CFO, COO or C-anything, you need to be a great CRO first.

From homeowners to auto, personal lines policies typically renew automatically without a formal process that enables agents to check for changes in customer needs. Coverage gaps often result—and the potential for an E&O claim goes hand in hand.

What happens when someone files a claim against a commercial client after it has gone out of business?

When an LLC rents multiple vehicles for a project, employees use personal credit cards. After an accident occurs, the insurer denies the claim on the basis that the vehicle wasn’t rented to the named insured.

An agency wants to provide a driving history report to a commercial insured for one of their drivers. Is this an acceptable practice?

In response to requests for specific coverage provisions, XL Group has enhanced its Executive and Corporate Securities Liability offering to “cover plaintiff’s attorney fees on an un-allocated basis.”

Is your agency prepared for the future of small commercial lines? Industry analysts and agency owners weigh in on why you shouldn’t take this business for granted.

Effectively utilizing an agency management system can reduce potential E&O exposure, position an agency to build a quality defense against allegations and ultimately lead to overall revenue growth.

While p-c pricing remains largely predictable, the impact of societal and technological trends on coverage is anything but.