Financial institutions are entrusted with handling large amounts of money. Whether you head a credit union, savings and loans company, community bank or private bank, dealing with liability exposures is a part of the business. As a result, your bank or your employees could face unexpected lawsuits. In today’s financial services sector, defending legal claims …
What You Should Know About Bankers Liability Coverage Read More »
In these times when online shopping and convenience stores seem to dominate commerce, people can tend to forget the value of personal service. Insurance is an area that is vulnerable to this type of shopping based on lowest price only. Insurance Financial Services (IFS), a full-service insurance agency located in Delaware, still has agents that …
3 Things Your Insurance Agent is Dying to Tell You Read More »
No matter your profession, you can benefit from quality insurance. Whether it’s workers compensation for your employees or house insurance for your property, there are many providers to choose from. Some insurance seekers decide to purchase coverage from several different insurance companies in Virginia. However, there are advantages from choosing just one provider. If you’re …
Many companies think that E&O insurance is a luxury, unimportant to their business. At AIS, we believe that E&O insurance is vitally important. Here are some statements that many businesses believe means they don’t need E&O insurance. 1. We don’t make mistakes. Can you really guarantee that you are 100 percent perfect, every day, all …
Nowadays, having an online presence is necessary just to stay competitive in today’s marketplace. This goes for nearly every type of business, and as an insurance agent, you know how competitive things can get, but one thing that delivers new business and contacts is really well-designed Insurance Agent Websites. Insurance websites don’t have to necessarily …
The landscape of financial regulation is constantly shifting. What was acceptable last year may not be so today. One of the many changes that characterize the financial industry has affected civil money penalties insurance, specifically regarding who carries the policies. Increased Oversight A long trend of increasing regulatory scrutiny has led to many financial institutions …
Consider niche wholesalers if you want to offer comprehensive auto dealerships workers compensation programs. Regional and local insurance companies tend to offer benefits unmatched elsewhere. Not only that, but there are several unique risks and risk rates associated with auto-related industries. A Focus on Quality Your first priority is probably package quality. Should one of …
Working with a managing general agent, or workers comp MGA, provides value to both the insurance provider and the insured business. An MGA frequently performs many of the following functions on behalf of the insurance company: Binding coverage Underwriting Pricing policies Appointing retail agents Settling claims Why Insurance Providers Work With MGA’s Insurance companies looking …