The 2009 drywall crisis – hazardous gypsum boards made in China and placed in American homes – raised eyebrows among homeowners, builders, insurance companies, state departments and the U.S. Consumer Product Safety Commission. Hundreds of complaints were filed about corrosive gases, which caused structural damage to homes and acute and chronic health issues. It was […]
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Florida Condo Associations still face a problem with past due accounts receivables. Condos were bought by investors hoping to flip them and make quick cash during the heights of the real estate boom. With condo prices at 40 to half of their purchase price, many owners have lost their investment and stopped paying their monthly […]
The trend in disability insurance is to sell multiple policies in one place, rather than single policies. Carriers who are able to benefit from multi-life business and the high-quality customers it brings, find this trend a good business move. Insurance agents also find it beneficial in terms of increased persistence, higher commissions and additional sales when new […]
Errors and omissions insurance, also known as professional liability or E&O insurance, is designed to protect you against a client’s claim of negligent acts, omissions or errors you make while performing professional services. These policies cover legal defense costs and any settlement paid to clients in the event of a covered case. While E&O insurance […]
These are eight ways to save money on business auto insurance without sacrificing coverage. Hire safe drivers: Your insurance premiums will go up considerably if you hire an employee with points against their license because they pose a greater risk of accident to your company. Hire only clean drivers or reserve driving duties for those with […]
Any company or individual who owns a truck for commercial purposes must have insurance that covers commercial trucking. This can impact a company’s financial situation. An average annual cost of a primary liability trucking policy in Chicago with interchange and cargo coverage is $8,000 A person can choose to find an insurance company that won’t […]
These are the steps your agency needs to take to start an integrated insurance agency blog. Blogs for insurance agency marketing are not an option. Younger buyers will be more likely to use blogs and website content for much of their information. You should at least have one blog for your insurance agency website. But, […]
It doesn’t matter what business you run, certain things must be done. Make sure your business is properly insured to protect you in every eventuality. You need to be ready for anything. What if someone falls on your property and injures themselves? You might also have a company driver who is involved in an accident […]
Let me start by saying that the idea of insurance networking has always intrigued me. To be specific, Multi-Level Marketing (MLM). When I first started studying MLM programs, I was impressed by the opportunities and the compensation plans. I wasn’t impressed by the price mark-ups for the products. Even though the majority of purchasers were business owners, it was […]
Make sure you read all terms and conditions before signing an insurance policy Different companies may have different terms. Motor traders may not find all terms and condition suitable as each trader is different. It is important to review the terms and conditions of the company regarding the monthly premium payments and different types of […]