AMAXX

MARCH 18, 2025

Claims Reporting Policy : Require employees to report injuries within a specific timeframe (e.g., Fraudulent claims increase insurance premiums, lead to higher experience modification factors, and put additional strain on legitimate claims management. Transparency is key, and that starts with communication.

Workers Compensation

Agency Height

JULY 23, 2025

Agency Height July 22, 2025 Agent Resources For Agents Key Takeaways Tax insurance for M&A and internal transactions protects businesses from unforeseen tax liabilities, penalties, and post-closing risks. Policies can cover tax indemnities, opinions, and contingent liabilities, ensuring both buyers and sellers are financially protected.

Protection

Agency Height

JULY 29, 2025

High Cost Per Lead (CPL) Can Eat ROI Insurance leads can cost anywhere from $20 to $80 or more each, depending on exclusivity and niche. If your conversion rate or average policy size isn’t high enough, the cost per lead can erode profits. Calculate revenue generated per client (average premium or commission).

Agents

Agency Height

JULY 8, 2025

Send a text message after the policy is delivered and include a link to your GMB profile. Examples of seasonal insurance needs: “With winter coming up, now is the time to evaluate your homeowner’s policy to ensure you have coverage for ice dams and frozen pipes.” Follow up after claims settlements too.

Insurance Agent

Agency Height

JULY 28, 2025

Purchasing Behavior: Many prefer simple, non-medical exam policies that guarantee acceptance or near-guaranteed acceptance within a short waiting period. Drip email campaigns – Nurture leads over time with useful articles, policy highlights, or client testimonials. Market Size: Over 10,000 people in the U.S. turn 65 every day.

Agents

Insurance Journal

JANUARY 9, 2025

If insurance carriers want to have dibs on a company’s assets as premium security or collateral, they had better specify that those assets include potential tort-claim settlements, a federal appeals court said Wednesday. In a case that involved a Florida …

Claim

Wren Insurance Agency

AUGUST 7, 2024

When it comes to home and auto insurance - with very few exceptions - did you know that you can change your insurance carrier at any time? Citizens - the State-backed home insurer is one of the only exceptions to this. Citizens - the State-backed home insurer is one of the only exceptions to this.

Insurance Carrier

Wren Insurance Agency

OCTOBER 23, 2024

Now that we are in the thick of the official hurricane season here in Florida, you may have noticed - if you recently tried to bind a new home insurance policy - that most carriers will stop writing up to a week or two prior to a named storm possibly impacting the state. That annual cap is 14% for 2024 and 15% for 2025.

Policy

Redbird Agents

SEPTEMBER 13, 2024

Standardize Procedures: Document every process within your agency, from client onboarding to policy renewals. Cross-Selling Opportunities: Offer related products such as life insurance, annuities , or final expense insurance. Buyers are more likely to pay a premium for an agency that has multiple revenue streams.

Broker-Agent

Friendly Agent

SEPTEMBER 21, 2020

Deciding which product to sell On your way to becoming the full-fledged insurance agent, among the things you will have to do is to decide which products you will sell. You may find various types of personal insurance and commercial insurance policies. There are Property and Casualty, Life/health insurance, and more.

Insurance Agent

Scott Insurance

OCTOBER 28, 2020

Many insurance carriers use third-party crime scores to evaluate their exposure to criminal risk when underwriting general liability insurance policies. Thus, affordable housing providers are highly likely to experience a loss of coverage or relatively high insurance premiums. Read the full report here.

Crime

TGS

SEPTEMBER 14, 2023

Additional Interest Explained Additional insured and additional interest are two very different roles that a person can play as a part of your insurance policy. In short, an additional insured is covered by your insurance, while an additional interest is not. What Is An Additional Insured?

Policy

PSM Brokerage

JANUARY 2, 2025

How Commissions Are Structured Per Member Per Month (PMPM): Agents earn a flat rate for each member enrolled, paid monthly as long as the policy remains active. Carrier Policies: Each insurance carrier sets its own rates, which vary by plan type and region. A: No, rates vary by carrier, state, and plan type.

Agents

TGS

SEPTEMBER 6, 2023

TGS Insurance » Blog Do You Need to Tell Your Homeowners Insurance About Home Renovations? When taking on new home renovations, your homeowners insurance policy might not be the first thing on your mind. However, for many home renovation projects, you will need to inform your insurance agent.

Insurance Policy

Wren Insurance Agency

AUGUST 20, 2024

Today nearly a dozen different car insurance carriers offer a "safe driving" program for customers that elect to participate. These discounts are then applied to your premium at renewal and used as an incentive to keep you with that carrier. Take some time to do your research before committing.

Premium

Redbird Agents

JULY 18, 2024

When it comes to buying insurance of any type, there are a myriad of choices and variables you must wade through to find the policy that works best for you. That’s no different when it comes to final expense insurance, with dozens of options major insurers offer.

Insurer

Boyle Agency Insurance

APRIL 27, 2024

Determinants Of Homeowners Insurance Premiums Certain factors have an effect on your homeowners insurance premium. When pursuing lower premiums in Homeowners Insurance, eliminating or reducing these considerations is essential. Below we offer some factors that may affect NJ Homeowners Insurance premiums.

Premium

Redbird Agents

JULY 12, 2024

How Hospital Indemnity Insurance Works A hospital indemnity plan (HIP) is a supplemental health insurance plan offered by an insurance company that pays a daily cash benefit when a policy holder is admitted as inpatient to the hospital. Who are the top Hospital Indemnity Insurance carriers?

Insurer

LexisNexis

NOVEMBER 5, 2024

CENTER SQUARE ) WA Considering Delay of New Insurance Premium Change Transparency Requirement Washington State Insurance Commissioner Mike Kreidler (D) has proposed delaying Phase 2 of a recently adopted insurance premium change transparency rule for two years, from June 2027 to June 2029.

Premium

Wren Insurance Agency

AUGUST 28, 2024

At Wren, because we are protection minded, we always quote our home insurance policies using Replacement Cost Value (also known as RCV) on contents, versus Actual Cash Value (ACV). RCV is equal to the amount it would take to replace your contents at today's prices. As you can imagine, most items in your home lose value over time.

Home Insurance

Scott Insurance

JANUARY 31, 2024

has seen an increase in their homeowners insurance premium. According to Money.com , an independent publisher, recent year-over-year premium increases have averaged 20%, and policyholders should expect to see at least a 10-15% increase in 2024. What can you do to impact your homeowners premium?

Premium

TGS

OCTOBER 3, 2023

TGS Insurance » Blog What Is a Homeowners Insurance Quote? A homeowners insurance quote is the proposed amount that you would pay an insurance carrier to cover your home. The quote will be based on many factors, including your home’s age, building features, location and size, as well as your insurance score.

Insurance Quotes

AMAXX

JANUARY 13, 2025

Insurance Company: The Risk Bearer Often referred to as the underwriter, insurer, or carrier, the insurance company provides the workers’ compensation policy and assumes the employers risk. These external companies specialize in claims management, ensuring that each claim is handled efficiently.

Workers Compensation

TGS

SEPTEMBER 29, 2023

Electric vehicles can be complex, but when it comes to auto insurance, they’re surprisingly simple. Auto insurance policies are written in the exact same way for gasoline-powered and electric vehicles alike. In short, electric vehicle insurance is just auto insurance! Tell your agent!

Auto Insurance

TGS

OCTOBER 17, 2023

Insurance agencies can be sorted into two categories: captive and independent. A captive agency is tied to one insurance carrier, which means these agents are biased to make money for their specific carrier. On the flip side, an independent agency works fluidly with several insurance carriers.

Insurance Agent

TGS

SEPTEMBER 11, 2023

With replacement cost coverage, a flood policy must also be active at the time of the damage, or else there will be actual cash value coverage. Your property must have a roof that is in good condition (determined by the insurance provider). Why Would I Have to Get South Carolina Wind Pool Insurance?

Insurer

Property Insurance Centre

JANUARY 4, 2024

Get a Quote Insurance under one roof We are specialists in many types of insurance GET YOUR QUOTE GET YOUR QUOTE Key Takeaways Consistent rate increases have been experienced in the property insurance market since 2017. Inflation drives up property valuations , construction costs , and insurance premiums.

Property Insurance

Agency MVP

DECEMBER 20, 2021

Instead of meeting face-to-face, it is now possible to demonstrate and sell virtually any type of P&C insurance policy without even needing to see the client in a traditional fashion. Continue reading to enhance your efforts to sell P&C insurance right from the comfort of your own home.

Insurer

Distinguished

SEPTEMBER 25, 2024

When a project is under construction or renovation, your clients are likely not covered by their homeowner’s insurance or business insurance. Different Builder’s Risk insurance policies vary from one insurance carrier to another.  Who Should be Named in a Builder’s Risk Policy?

Risk

Smart Insurance Agents

SEPTEMBER 28, 2024

Understanding the Role of a Medical Insurance Broker Health insurance brokers act as intermediaries between consumers and insurance companies, providing guidance and policy options to help clients find suitable health insurance plans.

Broker

Smart Insurance Agents

OCTOBER 16, 2024

They work closely with clients to understand their unique situations and customize insurance packages accordingly, including exploring options available in the health insurance marketplace. With their deep insights into policy trends and customer needs, brokers evaluate which plans are the best fit.

Insurance Broker

American Agents Alliance

OCTOBER 14, 2024

Agents can tailor their marketing approach by highlighting products and features of policies that make sense for the individual, along with aligning their service with value-forward companies. They can explain how premiums are determined, how policyholders can mitigate their risk, and why certain coverages are important.

Agents

Leadsurance

AUGUST 1, 2023

Regardless of how the word makes you feel it is worth learning about considering that many of the big insurance carriers like Progressive are using gamification in their business. How insurance companies can use gamification to improve their business Gamification can help insurers in various ways.

Insurance Companies

Word & Brown

DECEMBER 11, 2024

Talk with your clients about their needs, expectations, and budget, as plans that define the insureds inability to perform in their own occupation may be more costly than plans that define disability related to ones ability to perform any occupation. Policies with shorter maximum benefit periods typically have lower premiums.

Workers Compensation

Tosten Marketing

SEPTEMBER 12, 2023

It allows you to inform them about what is happening in real time in your state insurance market. Simply communicating to your customers that rates are up, underwriting is tightening, or an insurance carrier is pulling out of a state is a great way to be proactive. Perhaps they got married or had a child.

Policy

Word & Brown

NOVEMBER 7, 2024

Sell the value Make sure you talk with your customer about what makes the product you’re recommending a better choice for their specific situation, as compared to something from another carrier (or another broker). If carrier A has a plan that includes a similar network, but the premiums are lower, it’s okay to sell based on cost.

Out-Of-Pocket

Freeway Insurance

DECEMBER 13, 2024

To make it even more convenient, some providers and even insurance carriers have their own virtual care apps. For example, if your co-pay is $60, youll still pay that amount when using your policy online. Additionally, some insurers have special programs for telehealth and virtual care.

Out-Of-Pocket