Nearly 15 years ago, Rhode Island employers faced an uncertain future: state law required businesses to carry workers’ compensation insurance to cover their employees, yet no commercial insurer would write such insurance in Rhode Island. Businesses and their jobs were …
For the clean up of New Orleans in the wake of Hurricane Katrina to progress, contractors engaged in this important work must be adequately protected from long-term and uncertain liabilities. As insurance brokers, we at Willis work with our clients …
We have heard from numerous agency principals that perpetuating the private ownership of the firm is one of their primary objectives. If this is true, why is it that many firms do not survive and make the transition from one …
As an independent agent or agency owner, you have unique financial needs. Unfortunately, few banks truly understand those needs. Worse yet, it has become the norm for banks to also sell insurance, meaning they actually compete against you. The purpose …
A heartfelt vision for perpetuation is one of the prime beliefs that principals must embrace as part of the process. It is at the heart and soul of the firm, the essence of the business. We have heard over the …
Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction in potential payouts. Imagine that you are a new independent director of a public company. Outside auditors uncovered …
The company’s stock price dropped substantially and shareholder plaintiffs have asserted numerous lawsuits against your company, the former CEO and CFO, and all independent directors–including you. Alleged damages far exceed D&O insurance limits, which have already been substantially reduced by …
To successfully bring an agency from one generation to another, principals must have a heartfelt vision for the perpetuation of the firm. This means committing to develop the right people, exercising proper financial discipline, and trading the equity interests of …
As an independent agent or agency owner, you have unique financial needs. Unfortunately, few banks truly understand those needs. Worse yet, it has become the norm for banks to also sell insurance, meaning they actually compete against you. The purpose …
A heartfelt vision for perpetuation is one of the prime beliefs that principals must embrace as part of the process. It is at the heart and soul of the firm, the essence of the business. We have heard over the …
