Search found 45 matches
- Wed Jun 10, 2020 11:06 am
- Forum: Opinions
- Topic: Riots & Protection
- Replies: 6
- Views: 109949
Re: Riots & Protection
Copy and paste from a policy written today. As MBRCatz advises READ IT, yes be aware especially in our business the words "or" "any" & "and" TERRORISM RISK INSURANCE ACT Under the Terrorism Risk Insurance Act of 2002, as amended pursuant to the Terrorism Risk Insura...
- Thu May 04, 2017 11:05 am
- Forum: Opinions
- Topic: Plymouth Rock
- Replies: 2
- Views: 7407
Re: Plymouth Rock
Solid management, good company to work with. They do expect performance from their agents and reward accordingly, various incentive programs, premiums are competitive right now.
- Fri Sep 30, 2016 11:15 am
- Forum: Opinions
- Topic: Travelers reducing commissions
- Replies: 69
- Views: 254498
Re: Travelers reducing commissions
Welcome to the "new normal". In order for independents to be competitive with direct writers this is just a function of math. We're lucky to have choices of carriers to represent I know I always prefer to put my business with a company committed to the IA. I do not like companies like Trav...
- Mon Jul 18, 2016 10:36 am
- Forum: Opinions
- Topic: Beware Agents: Pokemon Go Security Breach
- Replies: 2
- Views: 13508
- Tue Mar 22, 2016 11:02 am
- Forum: Hard-to-Place Accounts
- Topic: NY NJ PA MD DE Local trucking markets
- Replies: 8
- Views: 76885
Re: NY NJ PA MD DE Local trucking markets
Progressive
National Indemnity through RPS
GMI Insurance - not sure who they use
National Indemnity through RPS
GMI Insurance - not sure who they use
- Mon Feb 22, 2016 1:37 pm
- Forum: Opinions
- Topic: Liability exposure co-signing for auto loan
- Replies: 3
- Views: 41053
Re: Liability exposure co-signing for auto loan
Depends on the state and motor vehicle laws. If a cosigner on loan only and not named on the title you are fine with liability but know you are on the hook if the loan is not paid and also can play in to your credit rating. If you are on the title you have a concern for liability, and follow what Bi...
- Thu Jan 14, 2016 11:55 am
- Forum: Opinions
- Topic: Workers comp ghost policy
- Replies: 12
- Views: 200219
Re: Workers comp ghost policy
I think what you refer to as a ghost policy, I know of as an "if any" policy. These are usually written in the Assigned Risk plan of the respective state, as a voluntary carrier would normally not want to touch it. This protects the Employer just in case they run into a situation where the...
- Tue Jan 05, 2016 12:33 pm
- Forum: Opinions
- Topic: DMV filing and 30 day notice of cancellation
- Replies: 4
- Views: 46196
Re: DMV filing and 30 day notice of cancellation
Never had this happen, but can you get your carrier to adjust the effective dates to a future date to coincide with the incumbent cancellation date? This may go a long way with your new client.
- Fri Oct 23, 2015 10:37 am
- Forum: Hard-to-Place Accounts
- Topic: Air B & B - California
- Replies: 5
- Views: 31540
Re: Air B & B - California
Standard HO policy takes in to account having roomers or boarders, albeit limited coverage. In the case if renting a "guest house" I hope you do not think this is covered as an appurtenant structure on a HO policy. Check with your carrier.
- Fri Sep 18, 2015 10:57 am
- Forum: Opinions
- Topic: NJ Broker Fee Regulation
- Replies: 1
- Views: 29934
Re: NJ Broker Fee Regulation
Insurance producers selling, soliciting or negotiating commercial lines insurance may charge and receive fees for services rendered to an insured or prospective insured. This is now true regardless of whether the producer is acting as an agent of an insurance company. Formerly, fees could not be cha...
- Tue Dec 23, 2014 12:02 pm
- Forum: Opinions
- Topic: "I don't want to tell you my current premiums"
- Replies: 15
- Views: 37541
Re: "I don't want to tell you my current premiums"
If the account is small and can be desk rated in 5 minutes I will give them a rate, provided that if I am in the ballpark they present their current policy to make a comparison of coverage. If it is a submission that involves apps, loss runs etc. I will never go to bat for a prospect without full di...
- Thu Oct 30, 2014 8:39 am
- Forum: Opinions
- Topic: Combinability of Interest
- Replies: 9
- Views: 31251
Re: Combinability of Interest
I know this is an old thread, but have a similar situation to what Santa Rosa says above. If an individual invests and owns two totally different companies example dynamite mfg and a pillow factory that they would be combined to one bureau experience mod and file number? Also I see a problem in havi...
- Thu Jul 31, 2014 10:53 am
- Forum: Opinions
- Topic: Damage to "Your work" exclusion on CGL policy
- Replies: 52
- Views: 184418
Re: Damage to "Your work" exclusion on CGL policy
NIce thread. The way I explain it is that "your work" as it pertains to property should be addressed in Property coverage. Installation Floater, Builders Risk etc. I agree with other posters also that CGL is not a warranty product.
- Thu Jul 03, 2014 8:40 am
- Forum: Opinions
- Topic: Definition of Employee-Business Auto Policy
- Replies: 1
- Views: 5396
Re: Definition of Employee-Business Auto Policy
Why complicate it? "Throughout this policy the words "you" and "your" refer to the Named Insured shown in the Declarations" You are correct the definition of employee can be problematic if a temporary employee.
- Fri May 30, 2014 11:40 am
- Forum: Opinions
- Topic: Building and Autos in the personal name(which is not a N.I.)
- Replies: 3
- Views: 7684
Re: Building and Autos in the personal name(which is not a N
Never had a problem combining named insureds as long as there is common ownership. Either put it in as Named Insured or the building owner as Additional Insured - Managers/Lessors. In the latter there does not have to be common ownership, and would apply if for instance the client had a triple net l...