Search found 81 matches
- Wed Sep 23, 2020 9:48 am
- Forum: Opinions
- Topic: Workers comp ghost policy
- Replies: 12
- Views: 199576
Re: Workers comp ghost policy
Ghost Insurance Policy. I do not get it!! if you are issuing a COI, who are you listing as the insurance carrier. If the General Contractor is relying on your COI as proof of insurance, what happens if your sole proprietor hires an employee say 2 months later. You the agent are committing fraud. You...
- Thu Sep 26, 2019 4:24 pm
- Forum: Opinions
- Topic: ACV vs Rep Cost for leased property loss
- Replies: 4
- Views: 109050
Re: ACV vs Rep Cost for leased property loss
Catz good call. You should ask the adjuster why the claim is not being paid out RC. Catz is correct if RC is available for this item, the copier must be replaced and the difference will be paid.
- Thu Sep 26, 2019 10:59 am
- Forum: Opinions
- Topic: ACV vs Rep Cost for leased property loss
- Replies: 4
- Views: 109050
Re: ACV vs Rep Cost for leased property loss
First, review the policy coverage to see loss payment for leased property. Second, if ACV, then look for the exception for leased property under written contract. Usually if the client is responsible for loss, then RC coverage should apply. The major problem is that there is no standard coverage for...
- Thu Sep 19, 2019 9:16 am
- Forum: Opinions
- Topic: Underwriting Non-Renewal Equity vs. New Business
- Replies: 1
- Views: 100062
Re: Underwriting Non-Renewal Equity vs. New Business
Sorry I do not see a problem here. Talk to the underwriter or marketing rep. to determine what they perceive is the problem with the risk. That will help to clarify and help you to underwrite the risk.
- Mon Aug 26, 2019 4:23 pm
- Forum: Opinions
- Topic: Newbie, Should I Start a Farmers or Independent ?
- Replies: 24
- Views: 271881
Re: Newbie, Should I Start a Farmers or Independent ?
Insurance Guy That is kind of funny. I would contact the Independent Insurance Agency Brokers of America. They have agent chapters in most states. They have insurance markets without a volume requirement and you own the business they have many resources available including : " How to start an I...
- Tue Feb 19, 2019 6:33 pm
- Forum: Opinions
- Topic: CIC Designation
- Replies: 12
- Views: 56866
Re: CIC Designation
Well Mr. Page apparently has a nice small town agency that has been very good for him. But if you want to write larger commercial risks and if you are relatively new to insurance, the CPCU designation will go along way to obtain the experience/knowledge that Mr. Page has obtained through his many ye...
- Tue Feb 19, 2019 1:42 pm
- Forum: Opinions
- Topic: CIC Designation
- Replies: 12
- Views: 56866
Re: CIC Designation
CIC is fine CPCU is better. CPCU will provide a breath of knowledge. The key to making money in this industry is knowledge, CPCU will make you a better producer and potentially put more $$$ in your pocket. If you decide to work for a company or a wholesaler the CPCU would be a good designation to ha...
- Thu Feb 14, 2019 11:54 am
- Forum: Opinions
- Topic: Michigan Insurance Producer Ownership of Clients
- Replies: 1
- Views: 23268
Re: Michigan Insurance Producer Ownership of Clients
Hey just make sure you find an attorney that understands insurance laws and regulations. That is the best advice that I can give you. Lots of Luck
- Tue Nov 13, 2018 12:21 pm
- Forum: Hard-to-Place Accounts
- Topic: HO-6 or DP1 DP2 for a rental condo
- Replies: 7
- Views: 135590
Re: HO-6 or DP1 DP2 for a rental condo
HO-6 only applies for an owner occupied residences. Need a DP3. Need to review the CCR's on the Condo Assn. As that will help determine how much dwelling coverage is needed. Interior structures, etc. stairs, fixtures and even interior walls and ceilings are rarely covered in the Assn. Policy. Need t...
- Wed Oct 31, 2018 11:00 am
- Forum: Opinions
- Topic: Referral - consultant to start an insurance brokerage
- Replies: 4
- Views: 29011
Re: Referral - consultant to start an insurance brokerage
Hey there is a lot of truth in what Catz is saying. You also might wish to talk to a few insurance agents. What you are trying to do is difficult with no knowledge of the insurance business. I cannot imagine doing what you are attempting to do. Buy a lottery ticket instead.
- Tue Oct 02, 2018 11:53 am
- Forum: Hard-to-Place Accounts
- Topic: Commercial auto
- Replies: 7
- Views: 132952
Re: Commercial auto
Wow There is much wisdom in d's insurance store's comment. Especially given the rate of increase in commercial auto lines premium in the past couple of years I recently quoted a transport carrier with a one ton P/U and a four-car hauler trailer. New venture. $30,000 annual premium Berkshire. They to...
- Tue Jul 24, 2018 11:14 am
- Forum: Opinions
- Topic: College senior interested in insurance career
- Replies: 5
- Views: 28478
Re: College senior interested in insurance career
Hey Sr. I have been pondering what to tell you. I would stay away from State Farm and Farmers at this point there contracts for new hires are not friendly. Small independent agencies do not have the resources to hire and train you. At this point you lack insurance knowledge. I would suggest that you...
- Fri Jan 26, 2018 3:28 pm
- Forum: Opinions
- Topic: Independent Start Up
- Replies: 17
- Views: 57860
Re: Independent Start Up
Well, as a "scratch independent agency" if you buy a book of business, there is no guarantee that the existing insurance companies will appoint you as an agent. Just be careful and make sure you have a place for the book of business you purchase.
- Tue Jan 23, 2018 4:19 pm
- Forum: Opinions
- Topic: Independent Start Up
- Replies: 17
- Views: 57860
Re: Independent Start Up
Beachagent and d's insurance make valid points. Although I find d's to be a little bit cynical. There should be nothing in your State Farm contract to preclude you from joining the agent's assn. and discussing your career plans and how to best proceed. Do it!!! P.S. d's is an experienced independent...
- Tue Jun 06, 2017 11:57 am
- Forum: Hard-to-Place Accounts
- Topic: Assembling Framing, but not a Framer / Licensed Contractor
- Replies: 2
- Views: 15043
Re: Assembling Framing, but not a Framer / Licensed Contractor
Wow. This risk is fraught with problems. 3 businesses GC. His "indirect" employees better produce work comp certs. State Fund is your only hope. I cannot imagine another carrier wanting to take on the potential problems associated with 3 separate business exposures.