Workers’ Compensation vs Employer’s Liability

The Difference Between Workers’ Compensation and Employer’s Liability Today we continue our introductory series on Commercial Lines Insurance for personal lines agents, CSRs and underwriters. Most insured’s purchase Workers’ Compensation (WC) policies because of the legal requirement of the state(s) have that they are operating in.  But, what most insured’s don’t understand is the difference … Read more

Understanding Co-Insurance

Today we continue our introductory series to Commercial Lines meant for personal lines focused agents, CSRs and underwriters who are looking at transitioning into commercial lines. One of the often confusing aspects of commercial lines is the concept of co-insurance. But don’t despair, we’ll break it down to it’s basic components! Image via cellulartelephones.net Commercial … Read more

C.O.P.E. and the Commercial Risk

Last week, we introduced our series on commercial insurance for personal lines agents and underwriters. One concept that may be familiar to all property/casualty insurance agents is C.O.P.E. Today, we will discuss C.O.P.E. as it relates to commercial property and provide some examples of how an agent may use the concept in their discussion of … Read more

5 Differences Between Commercial and Personal Lines Insurance

We’ve already written about the challenges facing the personal lines side of the insurance industry and shared one suggestion to fight the commoditization. Our suggestion was aimed at the carriers. It is a bigger goal than any one agent or carrier can accomplish alone. In the meantime, traditional agents and brokers need to reinvent themselves … Read more