Risk Managers’ Forum By Richard (Dick) G. Clarke, CIC, CPCU, RPLU EXECUTIVE LIABILITY RISKS Tracking the exposures and insurance options Executive liability insurance encompasses directors and officers liability, employment practices liability, and fiduciary liability. Each area has specific exposures; common claims allegations; focused legislation at the national, state and local levels, and available coverages. Ample coverage is available for private companies, including family businesses, and nonprofit organizations. The market is
Commercial Lines
WORKERS COMPENSATION CLASS CODES: PAST AND PRESENT Today’s sophisticated system has its roots in the Code of Hammurabi By Daniel Rahl What’s my rate? It’s a question that every insured has likely asked, and every agent or underwriter must answer. But how do insurers know? The answer lies in the system of risk exposure classification that’s been developed over the course of several millennia. Classification codes are such a commonplace
LEADING WITH COMP Open the door to great prospects by becoming an expert in workers comp By Elisabeth Boone, CPCU Let’s have a show of hands: Who enjoys prospecting? That’s what I thought. Prospecting for new clients can be stressful, tedious, and often unproductive. Even seasoned agents and brokers undertake this task with a sigh of resignation if not a shudder of dread. Fear of rejection looms large; and, firm
Dig a Little Deeper By Dawn Jackson, AU, AINS CHANGES IN TERMS AT RENEWAL—INSURED LEFT SCRATCHING HEAD Insurer failed to provide notification to insured for changes in renewal coverage terms. The Court Decisions column is one of the more popular features of Rough Notes magazine. One reason is that the courtroom is where the promises made in an insurance contract often become real. All insurance professionals can develop “what if”
MAJOR CHANGES COMING WITH ISO CGL ENDORSEMENT FILINGS Endorsements effective in December should lead insurance pros to search out potential coverage gaps By Linda D. Ferguson, CPCU Anticipated but unusual events attract attention. The solar eclipse over the Midwest resulted in major traffic jams in Tennessee. News of Super Bowl Sunday, the return of Halley’s comet and a Rolling Stones tour are sure to attract attention. Similarly, the Insurance Services
