Many changes affected insurance agents in 2013, including the healthcare reform, carrier price and underwriting changes, and maximizing the use of social media. These changes presented challenges, and with those challenges came opportunities for insurance agents to tackle. In the first part of this 2-part blog post, we’ll look at just a few of the opportunities that insurance agents face in in 2014, and how to tackle them.
Perhaps the biggest challenge..
A winter social supporting Autism Speaks will be held at Valley Stables Food & Drink on February 25th, from 6 pm to 10 pm. Live entertainment will be provided by Jim Gysin and 30% of the proceeds will go directly to Autism Speaks. Valley Stables is located at 588 Ramapo Valley Road Oakland, NJ 07436.
This social is informal and will help raise awareness of autism. Autism is the second most common developmental disorder in the United States affecting one in every 88 children born today. More children will be diagnosed..
According to survey results from Stroz Friedberg, a global leader in investigations, intelligence, and risk management, corporate managers put their companies at high risk of data breaches and intellectual property loss. In other words, it’s not necessarily the rank-and-file workers who present the biggest risks.
In a survey called “On the Pulse: Information security Risk in American Business” of more than 750 information workers in U.S. businesses, it was found that 87%..
The third annual Allianz Risk Barometer surveyed over 400 corporate insurance experts from more than 30 countries, asking each to identify their top concerns. For the 2014 survey, the top four risks remained the same compared to 2013. These risks are business interruption/supply chain, natural catastrophes, fire/explosion, and changes in legislation/regulation.
An alarming change in this year’s report though, was that cyber risk is on the rise. This risk roared into the top 10 biggest risks, climbing seven spots from last..
Getting new customers to choose your company for their business insurance, health insurance, auto insurance, etc. isn’t as easy as it may have been in the past. Marketing solutions require more than just persuading them, and follow-up has become increasingly important, especially with the increase of technologies such as online reviews and social media sharing. Below are some of the challenges currently facing insurance agents.
Changing Demographics. The number of single parent households has more than doubled since the early..
Seemingly due to the recent recession, there has been a rise in employee lawsuits against their employers. Claims such as age discrimination, sexual harassment, disability discrimination, racial discrimination, and retaliation have been seen more and more frequently. It’s a good idea to share with your clients some steps that they can take in order to protect themselves against EPL claims.
Distribute a well-written employee handbook.
This should contain your client’s equal employment opportunity policy and should provide their employees with an..
Commonly known as Errors & Omissions, Professional Liability Insurance protects your professional advice-giving and service-providing clients from bearing the full costs of defending themselves against a negligence claim made by their customers, and damages awarded in such a civil lawsuit. Although you know how essential it is for these professionals to carry this type of insurance, your clients and potential clients are not always aware of how Professional Liability benefits them, or..
As you likely know, it is essential for your mortgage banker clients to carry Professional Liability Insurance. This type of insurance covers their firm’s liability for Errors & Omissions made in providing professional services such as loan origination, loan underwriting, processing, marketing, closing, warehousing, and servicing.
A couple examples of claims that have been covered in the past by this type of insurance include:
- Misrepresentation of Loan Terms- a borrower filed a lawsuit against an insured alleging that an employee..
Are your clients aware that commercial property loss occurs more often due to crime-related incidents than any other cause? Employee theft is considered to be one of the largest vulnerabilities of commercial crime. However, this is not the only crime-related exposure that your business clients face. Below are some incidences that show why your client needs commercial crime insurance.
Forgery or Alteration. One of the most common losses experienced by business is loss from forgery or alteration of checks, drafts,..
According to a survey done by the Nielsen Company, social networks and blogs are the most popular online category when ranked by average time spent globally. Facebook is the heavy hitter of social media, with about 67% of global social media users visiting the site per month. As we discussed in our post entitled “The Value of Social Media Networking for Insurance Agents and Brokers”, there’s been increasing evidence..
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