Wren Insurance Agency

NOVEMBER 13, 2024

This is where "surplus lines" insurance comes in. A surplus lines company is a type of insurer that provides coverage for risks that are unavailable through standard, licensed carriers. Costs can be higher for policyholders and if a surplus lines carrier goes insolvent, existing claims will not be paid by the State.

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Insurance Carrier Insured Insurance Insurer 75

Distinguished

APRIL 9, 2025

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. MGAs operate as an extension of specific insurers.

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Agents Broker-Agent Broker Underwriter 52

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.

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Insurance Policy Policy Home Insurance Personal Property 52

Risk Management Monitor

AUGUST 30, 2021

Ida has now weakened to a tropical storm and will continue to cut through the south before making its way across much of the East Coast, bringing significant risks of wind, rain and inland flooding throughout this week. Be sure to assess your risk and execute the appropriate steps to protect your business, property and employees.

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Risk Damage Building Business Interruption 74

ProWriters

SEPTEMBER 23, 2024

Your business clients need Employment Practices Liability (EPL) Insurance , or EPLI. Without it, they risk incurring substantial expenses in employment-related claims. EPL policies are important to have in place,” explains Heckman, “especially for smaller businesses. Obtained more than $22.6 Even bankruptcy may be a possibility.

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Out-Of-Pocket Liability Insurance Carrier Policy 92

Distinguished

SEPTEMBER 25, 2024

An increase in construction also means an increase in financial risk. All of which can cost their property or business owners millions of dollars in losses without adequate insurance coverage. This is why the popularity of Builder’s Risk insurance is growing. What Does Distinguished’s Builder’s Risk Cover?

Risk 52

Risk Broker-Agent Insured Insurance 52

ProWriters

OCTOBER 2, 2024

Helping your clients understand cyber risks and Cyber Insurance policy jargon can be challenging. But when you partner with a leading wholesale Cyber Insurance broker like ProWriters, you have all the resources needed to succeed in your role. What Is a Cyber Insurance Broker? Why Is Cyber Insurance Important?

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Insurance Broker Cyber Broker Protection 86

American Agents Alliance

APRIL 3, 2025

Rising expenses could perhaps cause higher insured values, leading to policy adjustments and higher premiums. Many industries are feeling the uncertainty of tariffs and changing trade policies, which can make underwriting more challenging and pricing less certain. Education is often the first step.

Agents 52

Agents Policyholder Premium Auto Insurance 52

AMAXX

MAY 26, 2025

Insurance Carrier The carrier underwrites the policy and carries the financial risk for claims (in guaranteed cost programs). For self-insured employers, the TPA is typically the frontline claims handler. Insurance Broker The broker places the risk and acts as an advisor and advocate for the employer.

Workers Comp 66

Workers Comp Workers Compensation Injury Claim 66

TGS

SEPTEMBER 22, 2023

Receiving the news that you can’t just automatically renew your home insurance policy can be shocking and stressful. Unlike a policy cancellation, which can happen at any time, a non renewal can only occur at the end of your contract each year, when your policy is up for renewal. Shop for a new policy with other carriers.

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Insurance Carrier Home Insurance Policy Insured 52

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. Lets explore the roles of these critical players in a workers’ compensation system.

Workers Compensation 98

Workers Compensation Compensation Workers Comp Broker-Agent 98

AMAXX

JULY 15, 2024

As a result, the workers’ compensation insurance carrier decides not to pay for the treatment until they determine the claim’s compensability. Simultaneously, because the injury was reported as work-related, John’s group health insurance also refuses to cover the treatment.

Workers Compensation 83

Workers Compensation Compensation Claim Workers Comp 83

Scott Insurance

APRIL 21, 2020

As business models and operations shift and evolve, M&D companies must stay vigilant on risk management efforts. What risk do we assume in repurposing our operations in response to COVID-19? Have you considered varying levels of risk when distributing to healthcare and/or government entities? How will you advertise?

Risk 40

Risk Liability Underwriter Underwriting 40

Risk Management Monitor

AUGUST 9, 2022

As companies assess their natural disaster preparedness, there are some proactive measures that should be taken specifically for hail to leave organizations best positioned for any resulting insurance claims. Let’s say you operate a business in Plano, Texas, and have a commercial property policy with a renewal date of January 1, 2022.

Damage 78

Damage Claim Commercial Property Deductible 78

Bankers Insurance

SEPTEMBER 12, 2023

By: Dwight West | Commercial Insurance Advisor dwest@bankersinsurance.net | (757) 591-3166 WHAT IS SUBROGATION? This concept is typically applied in automobile insurance, both personal and business, and is also found in property, general liability, and worker’s compensation insurance. WHEN DOES SUBROGATION OCCUR?

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Insurance Carrier Compensation Deductible Claim 52

ProWriters

APRIL 3, 2024

Today’s dynamic business environment and litigious society pose several risks to businesses. As they seek to secure the insurance they need to protect themselves, some companies’ decision-makers may get confused about E&O vs. EPLI policies. Both types of policies involve legal liabilities and are important.

Liability 52

Liability Cyber Claim Policy 52

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.

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Insurance Agent Insurance Agents Agents Insured 52

LexisNexis

AUGUST 27, 2024

Read now » Related Content Cyber Insurance, Related Coverage Litigation, and Insurance Coverage for Data Breach Risk Examine issues related to obtaining insurance coverage specific to data breach risks.

Cyber 40

Cyber Business Interruption Insurance Policy Insurance Carrier 40

Redbird Agents

JULY 12, 2024

Presenting hospital indemnity with every Medical insurance sale is a choice every agent has and most choose not to. If we’re on the subject of using statistics and data to our advantage, remember the time-tested industry basics around more policies in a household can nearly double your retention rate. Wow, we just validated our niche.

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Insured Insurance Insurer Premium 130

TGS

SEPTEMBER 11, 2023

Calculating Your Rates With Wind Pool Additional Windstorm Insurance Options With TGS What is the South Carolina Wind Pool? The South Carolina Legislature required insurance to be available to at-risk coastal homes. Your property must have a roof that is in good condition (determined by the insurance provider).

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Insured Insurance Insurer Out-Of-Pocket 52

American Agents Alliance

OCTOBER 24, 2024

The lawsuit, filed in Alameda County Superior Court, argues that the FAIR Plan’s handling of smoke claims falls short of the legal standards for fire insurance policies mandated by state law. This would represent a substantial financial liability for the FAIR Plan and its member insurance carriers, which fund the program.

Damage 40

Damage Claim Broker-Agent Policyholder 40

InsuredMine

MARCH 26, 2024

Insurance companies recognize the imperative to invest in modern digital technologies to achieve their goals of cost reduction and revenue growth. Insurance carriers recognize the importance of investing in future-proof architecture, characterized by open APIs and low-code systems that easily integrate into broader technology ecosystems.

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Insured Insurance Insurer Insurance Industry 52

Property Insurance Centre

JANUARY 4, 2024

. “The increasing frequency and severity of weather events have made it imperative for insurers to reassess their risk models and coverage options,” says weather expert Dr. Emma Thompson. Insurers are investing in advanced technology and data analytics to improve risk assessment and underwriting processes.

Property Insurance 52

Property Insurance Commercial Property Liability Insured 52

Boyle Agency Insurance

APRIL 27, 2024

Common Factors That Affect Homeowners Insurance Cost Some factors that determine the premium on your Homeowners Insurance are: Deductible – This is the amount of money you pay on a claim before the policy coverage takes over. Being aware of risk problems and trying to alleviate them can lower Homeowners Insurance premiums.

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Premium Deductible Insured Insurance 40

American Agents Alliance

NOVEMBER 15, 2024

Collaborative partnerships with carriers improve service for policyholders, enhance an agency’s growth potential, and provide learning opportunities for agents. Online quoting platforms, claims portals, document upload pages, and digital payment solutions will be critical to helping policyholders manage their insurance portfolios.

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Building Agents Broker-Agent Policyholder 40

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. This protects your book by diversification of risk.

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Policy License Underwriter Underwriting 40

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.

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Agents Broker-Agent Policyholder Insured 40

Friendly Agent

DECEMBER 3, 2020

Becoming an insurance agent checks all boxes. Your earning potential is based on insurance policies. In fact i’ll argue that the best way to get into an insurance agency business is by working part time initially. How to become an insurance agent? After you are appointed by an insurance carrier you are good to go.

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Insurance Agent Insurance Agents Agents Insurance Carrier 130

Risk Management Monitor

OCTOBER 25, 2022

According to Beazley’s recent Risk & Resilience Geopolitical Report , inflation is a key area of concern for business leaders and they expect economic uncertainty to remain high through to the end of this year. Inflation’s Impact on the Insurance Market. For those trading internationally, trade credit insurance becomes essential.

Risk 40

Risk Insured Insurance Insurer 40

LexisNexis

SEPTEMBER 17, 2024

Read now » Related Content Cybersecurity and Data Privacy in Commercial Real Estate Learn about key considerations for evaluating cybersecurity and data privacy practices when counseling owners of commercial real estate (CRE), including steps for mitigating the risk of unauthorized release or exposure of data in the possession of CRE owners.

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Commercial Property Commercial Commercial General Liability General Liability 40