Keep up with the latest news in the insurance industry
The year is speeding by and rushing to a close! Time to shake off the Thanksgiving torpor – the holiday season has begun! Christmas, Hanukkah and Kwanzaa loom on the horizon, then before you know it, we’re ringing in the New Year. December is the time to reach out to clients with holiday cheer and tips on seasonal liability and consumer protection for families and businesses. Santa’s not the only one hitting the road this time of year – track his progress as he travels!
From a shopper’s perspective, the danger begins and ends in the parking lot, where several fatalities have occurred. There have also been violent encounters as shoppers fight over valued items. But let’s focus on employees and the workers comp exposures unique to this event, which begin with unruly crowds at the door and extend through the tricky restocking of bulky, sometimes heavy items in the midst of the chaos; material handling, the highest risk in retail, becomes a nightmare under these circumstances.
With every problem comes opportunity, as Renaissance Alliance CEO Bruce Cochrane discusses in his article Cyber Risk: The best opportunity for Independent Agents since the invention of the automobile, published in the November 1 issue of The Standard. Because cyber risk is pervasive and no business is immune, it offers an enormous growth opportunity for savvy insurance agents.
Peter M. Bakker Agency was awarded the first insurance agency apprenticeship by the Connecticut Department of Labor’s Office of Apprenticeship Training. The insurance agency apprenticeship program is an initiative by the state to foster the attraction and placement of new talent into the CT insurance agency industry, one of the state’s largest employer segments.
Here’s a something we’ve frequently heard: “Does agency blogging matter anymore? We post on Facebook instead. ” We answered this a few years ago with reasons why agency blogging matters, even in this age of pervasive social media channels. We’re updating those reasons today because we think agency blogging is a great tool to bolster your business and your brand.
The Massachusetts Registry of Motor Vehicles will suspend services over Veteran’s day weekend as it transitions technology to the new ATLAS portal. This will include office closures and suspension of phone, online and vehicle inspection services. As of November 12, ATLAS will replace vehicle services and the ALARS system will be retired.
Oscar L. Miniet, Regional Executive Vice President, made the announcement, saying that Amoruso’s primary role will be to continue expanding and growing agency membership in Florida’s Alliance. He says: “We couldn’t be happier about adding this highly respected insurance veteran to our team. Tony has been a household name in the Florida industry for many years having represented prestigious insurance companies throughout southern Florida. His industry expertise is top notch.”
Veterans, Thanksgiving, small business & more: Your insurance agency’s November social media calendar
Daylight Savings, Veteran’s Day, World Kindness Day, Take a Hike Day, Thanksgiving, Black Friday, Small Business Saturday and more – November offers many themes and observances that you can highlight in your social media messages and client communications.
Misclassification in Massachusetts is a felony with sentences of up to five years. Earlier this month, a man pled guilty to defrauding his workers comp carrier and was sentenced to one year in the Middlesex House of Correction, with 6 months to serve. He is also required to make restitution to the insurer. Finally, he is barred from bidding on municipal projects for two years.
CT insurance agents take note: If you insure single member Limited Liability Corporations (LLCs), a recent CT court decision affects them and may require action. For as long as any of us can remember, single member Limited Liability Corporations (LLCs) were not required to carry workers comp insurance. The court decision changes this.
Having an email address on file makes it easier to communicate with clients, share documents, and process transactions. It can reduce mailing costs, expedite customer service, and perhaps most importantly, open the door for insurance agents to take full advantage of new-age marketing and sales software systems.