Issue
Providing clients with a customized “Contract Review Template” which identifies the various coverage aspects of the clients CGL/Auto/WC/Umbrella.
Providing clients with a customized “Contract Review Template” which identifies the various coverage aspects of the clients CGL/Auto/WC/Umbrella.
Topics: Tom Scheider, Dan Scheider, Customer Service, Contractual Risk Transfer, Manufacturing, FOCUS on Risk Management, R&R Insurance, Risk Management
Review, analyze, and respond to contract insurance requirements and indemnification provisions.
Topics: Tom Scheider, Dan Scheider, Customer Service, Contractual Risk Transfer, Manufacturing, FOCUS on Risk Management, R&R Insurance
Commission based compensation can create an inherit “conflict of interest” in that agency compensation will increase commensurate with premium increases received by the insured. Also noteworthy is the fact that carriers quotes can vary greatly in terms of the commission percentage. These issues, if not addressed in a professional manner, can result in the insured questioning whether the current broker is working in the insured’s best interests.
Topics: Tom Scheider, Dan Scheider, Customer Service, Manufacturing, FOCUS on Risk Management, R&R Insurance
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