Meet Dave. Like one in 10 Americans, he owns a boat. Dave and his family spend an average of 14 weekends on the water. Like 95 percent of recreational boat owners, his craft is less than 26’ long. He understands not only the capabilities of his vessel, but his piloting and navigating skills, as well.
Asset managers and depository institutions have a wide variety of organizational structures and a myriad of exposures, making it challenging for independent agents to design coverage plans that effectively address their evolving risks. Often, the best approach is to work with a few insurers that offer broader, more flexible coverage options, streamlining the approach for the agent and the customer.
Increasingly, wholesale businesses are turning to telematics to help them monitor driver behavior – and reduce accidents, incidents and liabilities involving their fleet. Independent insurance agents that work with wholesalers and other clients who manage commercial fleets, can add value by facilitating the implementation of a telematics program.
With hiring and employment practices front and center in college discourse, independent insurance agents can add value by providing risk management strategies and employment practices liability insurance (EPLI) protection for educational institutions.