Personal Lines

As employer-sponsored plans see an increase in new participants, cost-containment strategies have never been more vital.

Making sure clients clearly understand what is and isn’t covered can help prevent potential errors & omissions claims and reduce the likelihood of client dissatisfaction if a claim occurs.

If an agent in New York no longer represents a carrier, how long does the carrier need to remain on the customer’s risk for auto, home and umbrella?

“People are often signing policies they do not fully understand or avoiding coverage because no one explained it properly—that creates a major gap in protection and trust,” says independent agent Belma Medeiros. “When you take the time to explain coverage, clients begin to see it as protection for their family, assets and future.”

Economic pressures and volatility are challenging agents in the personal marine market amid shifting risk appetites and capacity constraints.