“Long-lifecycle customer relationships are how agencies can drive profit,” says independent agent Ross E. Johnson. “Those are built on strong service relationships from knowledgeable people for long periods of time.”
Experts outline the differences in coverage and scope.
Here are five types of bonds that many agents miss out on writing, plus how to find opportunities to offer them.
With the right carrier partners, agents can meet clients’ needs with the bonding assistance they may have previously shied away from offering.
“Be a student of the industry,” says independent agent Rodney Yates Jr. “If you don’t continue to learn, adapt and evolve, you will be left behind.”
The suite provides financial fidelity insurance solutions that complement a financial institution’s management and professional liability program.
The product aims to bridge a gap in the cyber liability market by providing tailored protection to smaller business owners.
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.
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?
While the market remains extremely soft with ample capacity and positive growth projections through 2027, things may not be as rosy as they seem.
