Commercial Lines

The package includes coverages that protect the assets of the retirement plan and the personal assets of the business owners and others involved in the management of the plan.

As many carriers left unprofitable and volatile lines of business, the excess & surplus market grew to meet demand—and now rates are rising to match.

The lack of digitization in the excess & surplus market has been holding carriers, agencies and customers back. These challenges can be addressed with technology solutions.

“The surplus lines industry is very nimble and can adjust to the changing economic climate very quicky,” says independent agent Tony O’Donnell. “As standard markets change their appetite, then the surplus lines market has to change even quicker to maintai

As carriers in the standard market increased rates due to catastrophe frequency and severity and property undervaluation, the excess & surplus market responded by providing inexpensive capacity.

Is it mandated that a company with a 401(k) plan must have fiduciary liability coverage if they already have an Employee Retirement Income Security Act of 1974 (ERISA) bond?

As some companies physically reopen and look to have employees return to work in some form or other, there are numerous logistical matters to consider.

“Contractors pollution liability terms and pricing continue to remain competitive, but site pollution liability is another story,” says independent agent Bill Howard. “Markets are certainly more conservative and carriers are offering short-term policies.”

When employees work from home, is it necessary to list all employees’ home addresses as a workplace for workers compensation to apply?

Since the restoration contractor invoice is paid out of the building limit, how can an agent ensure the cost is covered? Should the price of the building be inflated?