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October 7, 2024
Choosing the Right Loss Control Partner
In commercial insurance, especially General Liability, selecting the right loss control partner can make all the difference in the long-term success of your program. A proactive and thorough approach to auditing and inspecting insurance submission data within the first few weeks after binding is crucial. This process can dramatically improve the quality of insureds, reduce risk exposure, and ensure the longevity of the program.
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April 4, 2022
The Importance of Verifying Insured Info
In the commercial insurance industry, accuracy is everything. When insured information is misrepresented by retail agencies, it can lead to improper risk assessments, coverage gaps, and potential issues for both insurers and policyholders. That’s why it is essential to verify the insured’s details through a full, direct phone call shortly after binding.
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April 4, 2022
What is a Loss Control Inspection?
A robust loss control program is essential for insurers looking to minimize risk and ensure that their clients maintain compliance with safety and operational standards. The right program not only helps improve the quality of insureds but also strengthens the overall success of a commercial insurance portfolio, especially in high-risk lines like General Liability. So, what exactly does a loss control program entail, and why is it so important?
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