Despite a weakened economic market, a new study from Hiscox shows that 46 percent of American small business owners still feel that they can make more as entrepreneurs than the traditional corporate world. The Hiscox study, “DNA of an Entrepreneur,” …
Rising Costs, Soft Market Cause Agents to Consider Network Options Maintaining their independence while gaining access to resources and markets are what independent agents consider when deciding whether to join an insurance agency network and which one to join. The …
How to Properly Position an Agency When Planning to Borrow From a Bank Every morning, stories of financial sector gloom and doom fill the airwaves. A slowing economy has affected the ability of individuals and businesses to pay their bills. …
Paid Time Off, Office Space Equality, Free Fridays and Wellness Programs Help Keep Agency Employees Happy At any gathering of insurance professionals in the country — at any time, anywhere — a common refrain of agents and company representatives alike …
Workers’ Comp Expert Advises Employers on Surviving Today’s Demographics About two-thirds of companies do no planning for workforce issues at all. Quickly rising and about to strike, the tidal wave of demographic pressure is threatening the health of American business. …
While Washington state has one of the highest per-capita rates of identity theft in the nation, Washingtonians are aware of the risks and are taking the precautions necessary to prevent identity fraud, according to a survey by PEMCO Insurance. Overall, …
Is There a Duty to Advise About Adequacy of Coverage? Author’s note: This month’s column will examine the liability of a broker for an alleged failure to advise the insured about the adequacy of insurance coverage. The next column in …
The Supreme Court of Montana ruled that even a bystander’s claim for bodily injuries can be covered in an insurance policy. According to court documents in Allstate Insurance Co. v. Terry Wagner-Ellsworth and Tiffany Rusk, in February 2000, Wagner-Ellsworth caused …
As wildfires seemingly increase in frequency and severity of insured losses year after year, insurers are devising fire prevention methods to protect their client’s properties — including hiring private firefighting specialists. New Jersey-based Chubb Corp. began offering free fire protection …
Managing Risks With an Aging Workforce The aging and retirement of the Baby Boomer generation is creating a demographic transformation that will affect the staffs of insurance organizations, as well as their customers. Consider the following statistics: According to the …
