What is a Broker of Record Letter? In the insurance business, a broker of record letter or agent of record letter is basically a letter of authorization that you, as the insured can use to fire your existing agent and hire a new agent to handle your business insurance with the insurance company you currently … Read More
Shopping, Bidding, Quoting, Introducing Competition. These are all phrases to describe the same thing. The introduction of multiple brokers to go out into the insurance marketplace to get quotes for you and see if competitive pressure in the market can lower your costs and get better business insurance. In this post, I challenge this traditional … Read More
In my last video, I introduced this multi-part video series focused on the common errors, mistakes, and failures I have documented in the coverage programs we have reviewed in the past for prospective clients. Last time we discussed missing named insureds and today we’re going to talk about missing locations. Having all your locations properly … Read More
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