Short for “managing general agent,” an MGA is a special type of insurance agent. He or she has underwriting authority and is responsible for creating programs, negotiating contractors for insurers, and much more. MGAs are a key component of a successful insurance agency. Responsibilities of an MGA An MGA has several key responsibilities when working for an insurance company. In… read more
In the last decade, the popularity of the craft beverage has risen exponentially. While running a company that specializes in craft beers means that you are appealing to a niche audience, it also means that you need to think extra hard when it comes to your insurance. Since the products you provide don’t fall under standard insurance policies, you will… read more
When an establishment serves alcohol, it faces a unique set of liability risks. Bars and restaurants that serve alcohol are responsible for the actions of their patrons. If guests are intoxicated and harm another person or cause damage to property, the business could be responsible. This also applies to businesses that do not serve alcohol but allow its consumption on… read more
Vicarious liability in real estate is something that every agency or brokerage should be aware of, as it can affect its financial wellbeing. If an agent that is working for the company is found guilty of misrepresentation in any way, not only can the agent be held liable, but the agency as well, even if there was no prior knowledge… read more
Unless you are a car collector, you might experience a little confusion over the terms “classic car” and “vintage car”. While the terms are often used interchangeably when describing an old car that looks restores, the two-vehicle types are not the same. The primary difference between classic and vintage automobiles is the age of the vehicle. The Value of an… read more
CannGen_How Insurance Can Help Reduce Risks for CBD and Cannabis Distributors The cannabis industry is growing rapidly. Medical cannabis is legal in 33 states, and recreational marijuana is legal in 11 of those. It takes a lot of product to meet the needs of consumers in that growing market. Distributors of cannabis and CBD products face several unique risks associated… read more
Businesses engaged in overseas government contract work present a complex risk profile. Knowing the right level and type of insurance needed is crucial. Contracts may reference terms like dba insurance or mei coverage with little or no explanation. As noted at Moody insurance, avoiding gaps in global or international liability coverage requires attention to policy details. Here’s an overview of… read more
Few businesses can successfully operate without a website. For insurance companies, the website is the first contact many people have of the business. Use these tips for your insurance website design for more effective lead generation. Mobile-Friendly As referenced on https://www.neilsonmarketing.com/, more than a third of traffic comes from mobile users. This means your website must be mobile-friendly to tap… read more
If you run a dry cleaning service, you may be worried about your profits. After all, throughout the country, there is a dip in the use of dry cleaners. This does not mean that you should give up on your company, however. There are ways for you to revive your company and to expand to boost your profits. Custom Services… read more
Working in the trades comes with a substantial amount of risk. Employees work with large machinery and they are often exposed to hazardous materials, large quantities of dust and debris, and sometimes even open flames. This is why insurance coverage is so important because business owners need to make sure they have adequate coverage in the event of any unforeseen… read more