The Profit Compression January 13, 2014 By Chris Burand The bad news is independent agency profits are and will continue to be compressed. The good news is that for...
Burand’s Agency E&O Blog: Tip #52 December 27, 2013 By Chris Burand Update Census Forms on AORs/BORs. When an agency takes over a group benefits account by AOR or BOR, it is...
Burand’s Agency E&O Blog: Tip #51 November 27, 2013 By Chris Burand State Guaranty Funds. Many agency owners, producers, and CSRs believe state guaranty funds provide blank insolvency protection for any client...
Burand’s Agency E&O Blog: Tip #50 November 21, 2013 By Chris Burand Binders Redux. A binder is a temporary insurance contract. This is a fact. The Acord 75 field Description states, “A...
Burand’s Agency E&O Blog: Tip #49 November 19, 2013 By Chris Burand Date Stamping. Could any E&O blog address a simpler subject than date stamping? Maybe not, but date stamping correctly to...
Carrier Disintermediation of Agencies November 18, 2013 By Chris Burand A multitude of forces are causing many carriers to think of ways to disintermediate agencies. Healthcare reform is one. Some...
Hard Work Is Not the Only Key to Producer Success October 21, 2013 By Chris Burand Insurance sales success can be like a game of tennis. Many summers ago I fell in love with the game...
Burand’s Agency E&O Blog: Tip #48 October 2, 2013 By Chris Burand Notifying Umbrella Carriers of Potential Claims. Every reader likely knows the importance of notifying an excess/umbrella carrier of potential claims...
Burand’s Agency E&O Blog: Tip #47 September 25, 2013 By Chris Burand Policy Change Requests Can Only Be Made if Requesting Party Has Authority/Insurable Interest. Many years ago when I first entered...
Burand’s Agency E&O Blog: Tip #46 September 18, 2013 By Chris Burand The Value of a Name. Applications are called applications and quote sheets are called quote sheets for good reasons. A...