Search found 366 matches
- Mon Aug 22, 2011 12:22 pm
- Forum: Opinions
- Topic: Insuring multiple LLC's on the Same policy
- Replies: 8
- Views: 19745
Re: Insuring multiple LLC's on the Same policy
You won't necessarily find it in writing, but you will find it in the declinations you get from the insurance carriers when you try to place this risk with them. I have several policies that have multiple LLC's, BUT one entity is the majority owner of each LLC, so the interests are combinable, for t...
- Fri Aug 19, 2011 11:43 am
- Forum: Opinions
- Topic: Retail to Wholesale???
- Replies: 10
- Views: 10866
Re: Retail to Wholesale???
I would be hesitant, but only for this reason -- what is marketing/sales for a wholesaler? Are you going to be responsible for your own book of business, and be a revenue source? That's the good way....but if you are going to be in sales, but really just calling on current and prospective customer w...
- Tue Aug 16, 2011 12:17 pm
- Forum: Opinions
- Topic: Filling out ACORD forms.. like a pro
- Replies: 17
- Views: 27390
Re: Filling out ACORD forms.. like a pro
Old Indy Agent, no, it's not unusual to have a preferred market behave exactly as you describe. What the string about is more referencing is filling out Acord applications to submit to non-computerized markets. This would encompass almost the entire E&S marketplace, as well as some of the larger...
- Tue Aug 16, 2011 12:11 pm
- Forum: Hard-to-Place Accounts
- Topic: Plumber/Residential Fire Sprinkler Contractor
- Replies: 2
- Views: 3394
Re: Plumber/Residential Fire Sprinkler Contractor
Zurich has a program that is very aggressive...through an MGU in Texas called IRS or IRI...let me look some more and post that, too.
- Mon Jul 25, 2011 12:22 pm
- Forum: Hard-to-Place Accounts
- Topic: CA-Guaranteed Replacement Cost
- Replies: 15
- Views: 20006
Re: CA-Guaranteed Replacement Cost
There is a post above talking about loss during a Catastrophic fire event....we have wildfires in California on an almost annual basis, and they are never large enough to affect the supply & demand to the point where costs increase. Now, in the event of a true catastrophe, like an Earthquake or ...
- Wed Jun 29, 2011 4:46 pm
- Forum: Hard-to-Place Accounts
- Topic: CA-Guaranteed Replacement Cost
- Replies: 15
- Views: 20006
Re: CA-Guaranteed Replacement Cost
I am a wholesaler, so not completely in tune with the Homeowner's marketplace, but don't believe anyone does Guaranteed Replacement cost anymore...
- Mon May 02, 2011 4:37 pm
- Forum: Opinions
- Topic: Risk Purchasing Groups
- Replies: 10
- Views: 10091
Re: Risk Purchasing Groups
as i understand an RPG, its an association of folks all banded together to buy insurance, and the claims are paid from the premiums generated by the group, but if the group runs out of money to pay their claims, I believe the insureds are out of luck, and would have no coverage.
- Mon May 02, 2011 4:29 pm
- Forum: Hard-to-Place Accounts
- Topic: Live Music venue in CA with open A&B claim
- Replies: 6
- Views: 7429
Re: Live Music venue in CA with open A&B claim
If I am reading this correctly, the risk has had 2 A/B claims; one is closed, one is still open? That could make A/B very difficult to secure. Who is the expiring carrier? Do they have A/B now? I am guessing from the markets your wholesaler approached that this risk must have enough receipts to just...
- Mon Apr 25, 2011 11:03 am
- Forum: Hard-to-Place Accounts
- Topic: "Houseominiums" in CA
- Replies: 6
- Views: 5648
Re: "Houseominiums" in CA
When I had my condo, I had a quake policy on it, and I believe it was through Geo Vera. This was in 2008, though, the last renewal, so maybe things have changed. I write alot of HOA's specifically for the peril of Quake, and none of my agents seem to have any trouble offering individual policies for...
- Mon Feb 28, 2011 1:55 pm
- Forum: Hard-to-Place Accounts
- Topic: Handyman, Gen Liability
- Replies: 3
- Views: 3859
Re: Handyman, Gen Liability
Colony is very aggressive on this class in California. However, your risk does not sound like a handyman, with $300,000 in payroll. In California, a handyman is limited to jobs under $500, and is not required to be licensed to do that sort of work. You may have more luck marketing this risk as a tru...
- Thu Dec 09, 2010 3:48 pm
- Forum: Hard-to-Place Accounts
- Topic: single security guard worker's comp
- Replies: 2
- Views: 3394
Re: single security guard worker's comp
The guard would then also have to buy his own General Liability insurance, since that is currently provided through the guard's firm. He might want to look into that cost, because it's not going to be cheap.
- Wed Dec 01, 2010 12:42 pm
- Forum: Opinions
- Topic: umbrella underlying limits
- Replies: 11
- Views: 12926
Re: umbrella underlying limits
Precisely, AZCompanyman!
It is actually scary how many folks really believe if they buy an umbrella policy, everything is covered.... yikes!
It is actually scary how many folks really believe if they buy an umbrella policy, everything is covered.... yikes!
- Thu Nov 18, 2010 4:10 pm
- Forum: Opinions
- Topic: umbrella underlying limits
- Replies: 11
- Views: 12926
Re: umbrella underlying limits
No, it would not be a Self Insured Retention. It would be lack of Underlying or Controlling Primary Insurance, which is not the same thing.
- Mon Nov 15, 2010 2:06 pm
- Forum: Opinions
- Topic: umbrella underlying limits
- Replies: 11
- Views: 12926
Re: umbrella underlying limits
Just for fun, here is a quote from one of my markets Excess Liability Coverage Form: Under Conditions for Covered Loss: "Maintenance of/Changes to Controlling Underlying insurance: Any controlling underlying insurance must be maintained in full effect without reductions of such coverage or limi...
- Wed Nov 10, 2010 1:59 pm
- Forum: Opinions
- Topic: GA's binding responsibility
- Replies: 15
- Views: 16146
Re: GA's binding responsibility
As a wholesaler, if I have an account that is still not bound 9 days after the client requests it bound, then typically we are waiting for some piece of information like loss runs, or signed supplemental, something...but we also let the client know what the reason is for the delay. It sounds to me i...