Zensurance’s Post

To shop or not to shop... The age old question when it comes to insurance. There are two levels of shopping - insureds shopping agents and agents shopping carriers. Both should only be done when necessary. Necessary can have many definitions. To me it means when your current option either lacks proper service, pulls back on coverage, or increases pricing SIGNIFICANTLY. This last point is often used and abused. Insureds and agents alike will run around looking for the cheapest option every year. The result - a lack of a loyal risk manager partner plus your insurance story getting sticky after several agent and/or carrier changes. You see, carriers don't like seeing a pattern of certain owners or agents not renewing over a few dollars. The goal is to build a partnership that will will be mutually beneficial to the insured, agent, and carrier alike. The only way to build this is with mutual trust and partnership for the long- term. Many out there may not like this outlook - but trust me when I say that in the long-term you'll be in a much better place if you follow this method. Partnerships anywhere in business is key - even when it come to insurance.😀 #insurance #partnerships #loyalty #hotels #motels #healthcare #apartments #insuranceindustry #insuranceagents #insurancebrokers

Good Morning and Happy National Peanut Cluster Day! Melted chocolate mixed with peanuts makes a perfect combination for sweet and salty deliciousness! Two things had to happen for peanut clusters to even exist. First, a method had to be invented for the cocoa bean to be processed into chocolate and just about the same time (about the late 1890s); agriculture found a way to grow the peanut and bring it to the public. It didn't take long for confectioneries to add the now readily available peanuts to melted chocolate. The sheer simplicity of the salty peanuts added to sweetened chocolate is a mouthwatering temptation few can resist, even today. Your insurance policies don’t have to be a cluster – let me help you find the perfect combination of great coverage at a good price. You would be nuts to continue to pay higher premiums for the same insurance I can provide.     Message or Email me today (or tomorrow) to pay peanuts for deals on homeowners insurance, car insurance, or your small business insurance. At the very least you will have the peace of mind in knowing that you are not overpaying. As an agent with Insurance Office of America, I can shop your personal or business insurance with dozens of different companies to find you the best coverage at a good price. Home – Auto – Condo – Boat – Jewelry - Small Business - General Liability - Workers Comp – Renters – Landlord - Vacation - [email protected] or https://lnkd.in/eWAhDvkt   REMEMBER - IF YOU OWN IT, I INSURE IT and Celebrate Every Day! #PeanutCluster #Peanuts #Chocolate   #ioausa #ioagency #homeownersinsurance #carinsurance #autoinsurance #jewelryinsurance  #smallbusinessinsurance #generalliability #boatinsurance #condoinsurance #landlord #rentersinsurance

Happy Friday!! 😀 THE WORST MISTAKE SMALL BUSINESS 🏭OWNERS MAKE? According to Frankenmuth Insurance, one of the worst mistakes small business owners make is not having the right coverages for their specific business type! At Woodall and Hoggle Insurance Agency, we know that small businesses play a vital role in our economy and local community. That’s why we offer comprehensive small business insurance to ensure your company is properly protected for whatever lies ahead. For most small businesses, a businessowners policy (BOP) is a cost-effective solution that combines general liability and commercial property into one policy. WHICH TYPES OF BUSINESSES BENEFIT FROM OUR BUSINESS OWNERS POLICIES: 👷♂️ Contractors 👩🍳 Retail stores 🧑💻 Professional offices 💆 Personal services 🎁 Wholesalers 🏈 Distributors. WHAT DO STANDARD POLICY FEATURES INCLUDE: 🫣 Business Liability: Business liability covers related legal and medical costs up to the limit of your policy. Slip and Falls are one of the most commonly reported issues. 🏪 Commercial Property: This feature protects your building and its contents. Including items like: computers💻, office furniture🪑, mechanical equipment🧰, inventory🪻 and more. 🏭 Business interruption insurance: If you are shut down because of a covered loss, like a tornnado🌪 this coverage offers financial💲protection. Although businessowners policies are pre-made, additional coverages can be added to fit your small business needs. It all begins with a honest conversation with one of our trusted advisors. Here at Woodall and Hoggle Insurance Agency, we will take the time to get to know you and we understand that protecting what you have worked so hard to build effects you, your employees and your family! We are here to help protect the life you have built. If you have questions about your current coverage, please feel free to call us today....we are always happy to help! #woodallandhoggleinsurancagency #woodallandhoggle #insurance #homeowners #auto #motorocycles #boats #life #family #HVAC #GarageKeepers #huntsvillealabama #madisonalabama #guntersville

Niche Focus Drives Growth. The story of Hagerty Insurance and its CEO, McKeel Hagerty, highlights a successful approach to business growth through specialization and a strong customer focus. Instead of following the traditional path of diversification and expanding into various markets, Hagerty chose to stay focused on its niche opportunity of insuring classic and collectible cars. This decision allowed them to cater specifically to the needs of car enthusiasts and build a strong community around their brand. Hagerty experienced remarkable growth despite their niche focus, with consistent revenue increases over the years. Their patient and steady approach to building the business paid off, demonstrating staying focused on a specific niche can lead to significant success. However, even with their growth and success, Hagerty faced challenges. They had to adapt to generational shifts in car interest and continuously expand their infrastructure to accommodate a consistently growing customer base. Nevertheless, Hagerty's unique position and customer-oriented strategy helped them thrive in a highly competitive industry. Read more: https://lnkd.in/e3gA6R6V #stealthstorm #focus #communication #community

One of the many reasons I love my job! Was great to secure this risk. If you want a chat about your home insurance, feel free to get in touch! Stanhope Insurance Stanhope Cooper #insurance #highvaluehome

📰 E&S Insurer: November 2023 edition now out! In this month’s Editor’s letter, we look at some of the topics that are likely to top the bill at E&S Insurer’s second New York conference and awards event on 20 March next year. Download here – only available to subscribers 👇 https://lnkd.in/ekcTZaDE And we ask why – despite best-ever E&S market conditions – there isn’t a flood of new capital in the form of start-ups entering the sector. Our Leader article this month looks at one of the latest developments in the shifting retail-wholesale relationship. After the consolidation of wholesale panels by the major globals and the next tier of longer-established players, the newer wave of PE-backed aggregators are now undertaking initiatives to streamline the number of relationships they have. Our other front page article reveals the upcoming launch of a US builder’s risk facility by CRC Insurance Services’s in-house MGA Insurisk after bringing in Ryan Turgeon, CPCU, ARM from AIG, in the latest example of the wholesaler creating exclusive capacity for its brokers. We also exclusively talk to Ryan Becker, the president of Distinguished Programs Executive Lines, as his firm prepares to begin taking submissions in the new year. Becker talks about exclusive distribution and a laser focus on underwriting profitability as the MGU seals a capacity partnership with A rated RSUI’s Covington subsidiary. We bring you a feature on the E&S market outlook, after AM Best went positive on the sector earlier this month. There’s an E&S profile on Everest, as the carrier targets a strong runway for E&S growth via its new dedicated wholesale platform. And The Insurer TV talks to Skyward Specialty Insurance CEO Andrew Robinson on the insurer’s specialty focus, distribution strategy and micro-cycles in the marketplace. We have Viewpoints from AXA XL’s Christopher Lee and Ironshore Insurance’s Kristin McMahon, Esq., and there’s our comprehensive State of the Market round-up, featuring a property focus with panel discussion on the segment, business line updates and the latest E&S market data. We hope you enjoy the read... #ESInsurer #insurance #reinsurance #wholesale #insurancenews #reinsurancenews The Insurer

The power and effectiveness of your #network .... At noon the day before a $42 Million #closing, I get a call from our #buyer .... "Glenn, I can't close tomorrow. Having trouble getting standard #insurance." At no fault of the Buyer or issue(s) with the property itself, it has become increasingly difficult to get standard commercial insurance here in California. IYKYK Ok, who do I know that can help me figure this out for all parties. I immediately went to: ~ Edward Marek ~ Tim O'Brien ~ Jim Dillavou ~ Matthew Paletz Within hours, Ed had connected me with Robert Di Paolo, Tim had connected me with Chris James, Matt had connected me with his internal colleague Sarah Vasil and Jim had provided some valuable feedback. Within 24 hours of these connections, Rob, Chris, Sarah and Skylar Romines, CPCU, ARM, CRIS (a connection of my own through LinkedIn) had provided enough support that created a path toward execution and we closed the #transaction. Thank you to all of these incredibly talented professionals for jumping in and assisting! If in need of guidance with commercial property insurance, I highly recommend you #connect with Rob, Chris, Sarah and Skylar! The power of your network may not be fully apparent until you need help. Invest in building a bulletproof network filled with elite professionals that are intentionally vested in assisting others when and where they can. #sales #capitalmarkets #shoppingcenters #retail #team #newmark https://lnkd.in/gVWzM4VT

📑 E&S Insurer: September 2023 edition now out WSIA Annual Marketplace 2023 wrapped up in San Diego last week and the September issue of E&S Insurer brings you extensive coverage of the event, which saw a record 7,600 delegates in attendance – plus legions of bar flies around the adjacent hotels. Read in full here – only available to subscribers 👇 https://lnkd.in/eTxa3WDV Our first leader looks at one of the topics du jour – the growing signs that the trio of global retail brokers which currently lack formal wholesale operations are all looking at ways of accessing E&S capacity direct on parts of their portfolio. One point of discussion on the sidelines of WSIA was a mooted plan by Marsh to use its Victor platform to add wholesale capabilities, while Aon and WTW are also understood to have had wholesale strategies high on the agenda this year. A prime motivator appears to be the recapture of some of the business that has been surging into the wholesale channel during the E&S hard market conditions of the past few years, as admitted carriers have retrenched. But as the big three wholesalers of Amwins, Ryan Specialty and CRC Insurance Services have grown with the market to become industry heavyweights, they have also invested heavily in capabilities and talent, as their role has evolved from just being transactional brokers to what they would argue is a key value-add to the sector. In our Editor’s letter we explore the value the wholesale and E&S sector is continuing to bring, particularly in a world where risk is becoming ever more complex and the need for innovative capacity solutions ever greater. The second leader in this issue is an update on the E&S property market, which is showing clear signs of stability after the chaos seen in the early months of this year. Although cat rates remain in hard territory, programs have become less challenging to place, and there is an expectation among wholesale brokers that there will be a moderation of price increases in 2024. We also bring you high-level E&S Interview pieces with Amwins’ Scott Purviance and James Drinkwater on their view of the market and Burns & Wilcox personal lines practice leader Bill Gatewood on attracting E&S capacity to a challenging homeowners sector that has seen admitted carriers retrench. And in our 20-page The Insurer TV WSIA Special Edition, we round up coverage from a host of executive interviews conducted in San Diego last week on key issues driving dynamics in the E&S market. For more related news, visit: https://lnkd.in/emvAmeEY Our partners 🤝 Amwins | AXA XL | AXIS (AXIS Capital) | Berkshire Hathaway Specialty Insurance | CRC Insurance Services | Ironshore Insurance | Market | Nationwide | OIP Team | Risk Placement Services, Inc. | Ryan Specialty | Sompo International WSIA (Wholesale & Specialty Insurance Association) #ESInsurer #insurance #reinsurance #WSIA #WSIA2023 #WSIAmarketplace2023 #insurancenews #reinsurancenews

Do you know what all the terms mean within your insurance policy? In our latest article, Alison Waters ACII expands on and explains some of the jargon you might see in the wording of your policy. De-mystify the jargon here: https://lnkd.in/eE48KgNw #Insurance #InsuranceTerms #InsuranceJargon

Shield Insurance Agency is slowly but surely making our way into other markets besides Real Estate when it comes to the commercial side of our agency. Some industries that we are striving in lately that are worth mentioning: ~Staffing Agencies - Some of the hardest type of policies to Underwrite considering the variety of risk - but we have wrote a few accounts this year, to add to our already few accounts - which is a good amount of Staffing Agencies! ~Accountants - More and more are somehow getting word that we can write a great package policy containing the needs of an accountant - and we are writing more and more! ~Restaurants - Slowly we are writing more of these - Thanks to all of our awesome Branch Agents - these agents create relationships with restaurant owners over time, and we get to write their insurance! I love seeing the different types of restaurants, whether its a Sushi place, a Breakfast spot, or a bar! We are always open for new relationships and business, so if you or someone you know would be interested in seeing what we could do for your insurance coverage and prices, feel free to reach out! [email protected] 616-377-4398 #Insurance #Commercial #Accountants #Restaurants #staffingagencies #Quotes #lovewhatyoudo #Advisor #Familybusiness #helpingothers #savemoney #Coverage #Expert