Author Archives: INSURANCE MARKET SOURCE

Crafting Coverage for Artisan Contractors

Home and commercial property remodeling in the U.S. generates $112 billion in revenue each year, showing an eight percent increase over the last five years. This increase illustrates a greater demand for skilled trade workers, which in turn gives rise to liability claims that can bring massive losses. Should an injury or property damage occur,…

It’s Time to Talk Flood Insurance

Floods are the number one national disaster in the U.S. and the cost of recovery from flooding grows every year.  Most homeowners don’t suspect they are at risk. However, all 50 states have experienced floods or flash floods in the past five years and 20 percent of all flood related insurance claims are on properties…

Are You Sitting on a Gold Mine? Header

Are You Sitting on a Gold Mine?

The number of homes valued at $1 million and above has doubled in the past five years. With this recent surge in high-value homes comes an increased need for specialized coverage. Homeowners often underestimate the value added by upgraded features such as imported tile, outdoor kitchens, custom-made cabinetry, built-in pools and custom brickwork. Consequently, many…

Be Our Guest Unique Risks in the Hospitality Header

Be Our Guest

Unique Risks in the Hospitality Sector Your clients in the hospitality industry (hotels, motels, restaurants, bars and taverns) specialize in taking care of their guests. As a retail broker or agent, it’s up to you to take care of them and ensure that they’re protected from financial risk. From liquor liability to property damage to…

CAPITALIZE ON REAL ESTATE E&O INSURANCE

Capitalize on Real Estate E&O Insurance

Just as home buyers insure their purchase, real estate agents need to safeguard the role they play in the transaction. Purchasing a home is one of the most emotional decisions a family can make. As the broker of that decision, a real estate professional’s relationship with the buyer can be a very personal one—leading to…

Sea of Opportunity: Recreational Marine

When it comes to marine insurance coverage, don’t let the opportunity float away. Many of your clients know the thrill and joy of being out in the open water, wind in their sails, cruising to the next adventure. In fact, there are nearly 12 million registered recreational boats in the US alone. Whether your clients…

The New Normal in an Online World: Cyber Liability

In the world of cyber insurance, last year’s policy was designed for last year’s threats. But with new, more sophisticated threats emerging all the time, it is imperative to review and reevaluate your clients’ policies on a regular basis. Are your clients among those living dangerously? To minimize potential financial damages address these gaps in coverage with…

Harvest the Opportunity. Why the Time is Ripe for Picking up New Business.

Farms and ranches are fertile ground for growing your portfolio. Contrary to popular belief, independent agents and brokers can compete with the national direct writers on this business. These are clients that require coverage in multiple categories. From machinery and structures, to roadside stands and homes—the opportunities are enormous. All brokers and agents need is the right…

Policy Prescription How healthy is your clients’ medical professional liability coverage?

Policy Prescription

  The 1374 trial of Stratton v. Swanlond was history’s first-ever recorded medical malpractice case. Back then, the plaintiff received 40 English pounds: worth about $38,000 (US) today1. In contrast, medical malpractice suits now cost the healthcare sector upwards of $35 billion with one out of every 14 doctors facing a suit every year2. The…

The Recreation Industry is not all fun & games: Capitalize on the growing need for recreation insurance

The Recreation Industry is Not All Fun & Games

  Thrill seekers can be risk takers; the recreation industry doesn’t have that luxury. This business sector is experiencing rapid growth and requires specialty insurance solutions that can keep pace. Eighteen million people annually use commercial zip lines. Thirty million people ride horses. When accidents happen, lawsuits may follow—resulting in legal fees and potential punitive…