It’s time to brush up your negotiation skills. This checklist will help you gather information and be proactive in your placing efforts. Be in control of your renewals and enter each discussion with an action plan!
The key difference between an occurrence and a claims-made policy is in the mechanism the policy uses for activating coverage; what needs to occur, and when, in order for …
The Insurance Training Center takes pride in delivering high quality courses on professional and management liability insurance and related topics.
A loss ratio is a quick way to evaluate the financial health and profitability of an insurance company. This article explains how to calculate the ratio and what insights you can gain from it. Also, we look at some …
“Pay on behalf of” and “reimbursement” are two different approaches to paying the bills associated with a claim. There are pros and cons to both. But …
Underwriters glean valuable information from reviewing the financial statement notes that helps them to assess an organization’s overall risk profile.
Learn these MS Excel shortcuts and save time gleaning actionable insights from data like insurance renewal lists and new business reports. This video shows how they work.
VIDEO: An Extended Reporting Period, or ERP, is a finite window of time beyond the end of a claims-made policy during which the insured organization may report claims to the insurer. The ERP extension only …
Duty to defend refers to the obligation to provide a legal defence for a claim made against the insured after that claim has been reported to the insurer. Read more…
What are your policy’s claims reporting requirements? ‘Claims made’? ‘Claims made and reported’? It’s important to understand the difference. Watch this video.
