Expert Insurance Knowledge
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Managing Construction Risk for Better Odds of Project Success
Lots of things can ruin a construction project. Financing, cost overruns, Mother Nature, material defects, permits, and the list goes on. Of everything that takes down a good project, insurance compliance shouldn’t be one of them. However, 74% of organizations inconsistently use risk management practices in project management (PMI). On a construction site, that risk […]
Learn MoreFriend or Foe: Understanding Follow-Form Endorsements
Follow-form endorsement quiz: A company purchases umbrella and excess insurance policies for liability coverage in addition to its primary policy. A claim exceeds the limits of the primary policy but falls within the coverage threshold of the additional policies. Is the company free from out-of-pocket costs? If you answered “not necessarily,” you get an A. […]
Learn MoreThe Importance of Insurtech in Staying Competitive as an Agent
McKinsey reports that insurtech investments grew from $140 million in 2011 to $2.7 billion in 2015. That’s a nearly 1829% increase in four years! As a result, technology is rapidly bringing ingenuity, innovation and disruption to an industry known for control, caution and stability. With drones conducting inspections to artificial intelligence aiding underwriting and internet-enabled […]
Learn MoreThe 5 Metrics Many Property Managers Aren’t Tracking (but Should be)
Property managers – are you getting the job done? If insurance compliance data did not inform the answer, your company may have a risky blind spot that could cost millions in time and money. No shortage of key performance metrics (KPMs) exist in business. The adage of “what gets measured gets managed” holds true. Property […]
Learn MoreHow COI Tracking and Compliance Helps Property Managers Win Business
“What makes you better than the rest?” The answer to this critical question distinguishes property management companies among their more than 10,000 competitors operating within the US. With so many options, landlords need more than referrals and rates to vet management companies. They want a unique proposition that protects their investment and income. Property management […]
Learn MoreInsurance Geeks, Here’s How to Get Down to the Basics for Your Insureds
Insured: We’re updating our contract language. Do you have any suggestions for our standard insurance requirements? Agent: I’d be happy to help! For the standard, you’ll want to require 1/2/2 limits on GL with the 2010 and 2037 AI endorsements or equivalent, primary & non-contributory, and a waiver of subrogation, oh, and at least $1M […]
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