Assessing appropriate policy limits is a daunting task for any insurance broker. Errors in judgment can result in significant losses for the client as well as insurers. Businesses have an interest in maintaining affordable coverage, but also need to ensure that they are adequately covered by insurance should the worst scenario occur. Businesses look to insurance brokers to help them properly assess their risk and determine the amount of coverage required to minimize that risk. When a broker provides inaccurate advice and their clients find themselves in the pickle of having lacking insurance coverage, the broker may be on the hook [...]
A Day in the Life Series, brought to you by FuturePLUS, dives into different roles in the Professional Liability industry to give readers an idea of what a typical day for the role looks like. In this edition of A Day In The Life, we explore the role of Senior Broker. Cooper O’Connor from Burns & Wilcox has generously volunteered to provide readers with a glimpse into his typical work day and discusses his favorite parts of being a broker, the soft skills that make for a successful broker, tips for holding meetings and advice for newer brokers. Insurance Brokers are responsible [...]
From the 2015 PLUS Medical PL and Professional Risk Symposia keynote “Bringing Innovation to Innovation,” John Kao of the Institute for Large Scale Innovation discusses the move toward fewer value chain intermediaries and touches on what it could mean for insurance brokers. Don't forget... PLUS has two tremendous events coming up this Fall. Rates increase soon, so register now! 2015 PLUS Conference | 2015 PLUS Cyber Liability Symposium PLUS members can view this entire Conference session in the PLUS Multimedia Library.