How Agents Can Prepare D&O Clients for Insolvency
Despite the good news in the D&O market, uncertainty remains as the economy faces a period of higher inflation and a possible recession, which could lead to an increase in D&O claims.
Despite the good news in the D&O market, uncertainty remains as the economy faces a period of higher inflation and a possible recession, which could lead to an increase in D&O claims.
Coverage includes finished goods and beer aging in barrels that are valued at selling price.
As premiums increase, carriers implement more stringent underwriting requirements, and inflationary pressures increase overheads, it all may prove too much for some businesses.
Water damage is one of the key drivers of builders risk claims. Learn more about how you can help your clients avoid costly water damage.
Many agencies are investing significantly in developing training platforms and initiatives, or outsourcing producer coaching and training to reduce underperformance and producer failure rates.
“Directors & officers insurance is the only policy that can adequately protect board actions,” says independent agent William Simons. “The decisions and actions board members take are their personal responsibility.”
Here are four potential issues that can occur during the colder months and how agents can help clients be better prepared.
As capacity returns and rate increases decelerate, D&O market conditions have improved. However, agents need to remain diligent.
Is it best practice to ensure that the personal umbrella policy effective date aligns with the date on the homeowners policy, personal auto policy or any other underlying coverage?
PDFs remain an important resource for organizations that are interested in maintaining the security of information they are sharing.