Harriet White, MBA, 6σGB’s Post

Real Estate Professionals and Their Need for Comprehensive Insurance Coverage For those working in the dynamic world of real estate, comprehensive insurance coverage is more than a safeguard—it's a cornerstone of their professional journey. Real estate professionals, including agents, brokers, and property managers, encounter a myriad of risks in their day-to-day operations. From potential liability issues to property damage, having the right insurance in place is crucial. Whether it's errors and omissions insurance to protect against potential disputes or general liability coverage for property showings, these professionals rely on comprehensive insurance to shield themselves and their businesses from unforeseen events. With the ever-evolving landscape of the real estate industry, these coverage options are an essential tool in mitigating risk and ensuring a successful and secure career in this competitive field. Do you have questions? Would you like to schedule a time to discuss your financial situation? Email : legacyplanning.harrietpwhite@yahoo.com

To me it was the best career choice I never knew I wanted. If you have discipline and the desire to both win and provide value to your clients, insurance may be the right track for you to. Shoot me a message if this sounds like you. #ThompsonInsurance #TheThompsonWay #BrokeringPeaceofMind #Insurance #InsuranceCareers

Why a Career in Commercial Insurance Sales is So Rewarding A career in commercial insurance sales offers a unique blend of financial rewards, professional growth, and personal fulfillment. Here are some of the top reasons why it’s a great choice: 1. High Earning Potential Commercial insurance sales provide substantial income opportunities through commissions and renewals. This is a career where effort and results translate directly into financial success. 2. Career Stability Insurance is essential for businesses, making it a recession-resistant industry. Companies need protection regardless of economic conditions, offering stability for agents. 3. Diverse Client Base Working with businesses across various industries—construction, tech, healthcare, and more—keeps the job dynamic and interesting. Every day is different, and the relationships you build with decision-makers can last a lifetime. 4. Challenging & Rewarding Work You’ll solve complex problems and tailor solutions for businesses to help them manage risk. It's a role that challenges you while offering meaningful contributions to the success of your clients. 5. Flexibility & Independence As a commercial insurance producer, you have the freedom to manage your schedule and client base. It’s a career that can offer a great work-life balance, with the potential to eventually build your own agency. 6. Positive Impact on Businesses By helping businesses safeguard their assets and mitigate risks, you play a critical role in their growth and stability. It’s not just about selling policies—it’s about protecting futures. 7. Continuous Learning The insurance landscape is always evolving with new regulations, risks, and market trends. You’ll continuously grow and stay sharp as you adapt to these changes, keeping your career engaging and forward-focused. If you’re looking for a career with high rewards, variety, and long-term growth potential, commercial insurance sales might be the perfect path for you! Click here to Apply: https://lnkd.in/ehKBjSCN Or Email Drew Gunn d.gunn@thomins.com and Kathi Griggs k.griggs@thomins.com with your interest.

I hope everyone is well. I've been giving some thought and analysis as part of my brainstorming on effective risk management solutions, and I am posting some. I have been giving thought to an idea: For insurance companies, its real customers are NOT the insured clients these underwrite, but actually the hundreds of insurance producers and authorized representatives that submit insurance prospects on a daily basis. Hence, make the producer / representative comfortable, satisfied, and happy by providing true impartial and just service with just results, and insurers will enjoy growth, retention, and insured loyalty on the long run, simply because those happy satisfied producers will keep bringing business to those insurers. 🌟 Embracing a Transformational Service Mindset for Puerto Rico's Property and Casualty Industry improves our consumers' risk management journey and insurer-insured relationship🌟 In the quest to enhance customer loyalty and satisfaction within Puerto Rico's property and casualty insurance sector, the power of a transformational service mindset is imperative. By shifting our focus from transactions to relationships, we pave the way for lasting connections and mutual trust with our insureds, resulting in sound risk management solutions, within a competitive and fair budget. Embracing this mindset means going above and beyond the call of duty, anticipating the needs of our customers, and proactively seeking solutions to enhance their insurance experience. It's about fostering a culture of empathy, responsiveness, and continuous improvement, where every interaction is an opportunity to showcase our commitment to excellence. As we navigate the ever-evolving landscape of customer expectations, let us remember that true loyalty is not just about policies and premiums—it's about the value we bring in the form of service and coverage protections, with the relationships we nurture, and the peace of mind we provide. Together, we can redefine the standards of service excellence and set new benchmarks for customer-centricity in the industry. Let's embark on this transformative journey towards creating a customer-centric culture that not only meets but exceeds the explicit needs and expectations of our insureds. Together, we can build a stronger, more resilient insurance ecosystem that thrives on trust, transparency, and unparalleled service. #customerexperience , #serviceexcellence #insuranceindustry #puertorico #TransformationalMindset #customercentricity Let's commit to transforming challenges into opportunities and turning every interaction into a chance to inspire loyalty and trust. Together, we can make a difference! 💫🤝

"You're not gonna ask me to sign one of those letters are you? Cuz I ain't doin' it!" I understand, you've probably been burned by the broker of record letter (BOR) in the past. Some slimy agent, had you sign something in order to "get quotes", without explaining what the letter did and one day later your agent calls... "John, what's going on? Why are you firing me?" Now you're left with an awkward conversation and bitter taste in your mouth towards broker of record letters. Let's set the record straight about what a BOR letter does. It either: 1) Fires your current agent from representing you with your current insurance carrier for the upcoming policy year or 2) Reassigns the agent who the underwriter will release a quote to. (example: You like you're agent, but bring another in to get quotes. He's blocked everywhere, so he comes back to you and asks for a market, in order to do this you would need to sign a BOR letter) The main thing you need to know, is that BOR letters aren't bad. They're a tool, that gives you control over who represents you to a specific insurance carrier. The savviest buyers of business insurance know this, and use it to their advantage by quitting the quoting game and hiring the agent they want to work with instead.

INSURANCE ADJUSTING DEMANDS A UNIQUE SKILL SET TO NAVIGATE THE INTRICACIES OF CLAIMS ASSESSMENT AND SETTLEMENT. NO MATTER WHERE YOU ARE IN YOUR CAREER, MASTERING ESSENTIAL SKILLS AND CORE CAPABILITIES IS CRITICAL TO SUCCESS.   HERE ARE SIX THINGS THAT A SUCCESSFUL INSURANCE ADJUSTER SHOULD MASTER: https://lnkd.in/gYbPMtRx

🚀 Success Story: Transforming Insurance Coverage for a Property Management Firm 🚀 USI Insurance Services team recently partnered with a multifamily residential property management firm based in Virginia, to address their urgent insurance needs. Here’s how we made a difference: 🔍 Key Challenges: - The client faced cancellations from their previous insurer and had urgent lender requirements. - They needed comprehensive coverage, including wind placement for multiple properties. 💡 Our Solutions: - Leveraged our market access to provide a one-stop shop for all their insurance needs. - Covered property, general liability, workers’ compensation, cyber, employment practices liability, umbrella/excess, wind, and auto. 🌟 The Outcome: - Delivered a cohesive insurance program at a great cost. - Eliminated miscommunication and lack of outreach they experienced with their previous broker. Kudos to our dedicated team members for their exceptional work! 👏 #Insurance #SuccessStory #ClientWin #TeamWork #USIInsuranceSercvices #USI #CommercialInsurnace #BusinessInsurance #OneAdvantage

This is a great way to think about things if you're not from a "top 5" #insuranceagency but want to scrap it out with the Goliaths of the world. Everyone has their strengths they can sell prospects on. If you're from a big agency, sell your agency's capabilities, size & leverage. If you're a small agency, sell yourself. Sell your agency's boutique nature, personal attention, nimbleness, etc. Everyone has their strengths!

While the director of Alexander & Alexander's National Wrap-Up Practice (2nd largest broker in the U.S with 83,000 employees - acquired by Aon in 1998), I was selected by the Federal Prosecutor who put John Gotti in prison to investigate a Wrap-Up placed with Aetna. I was flown to New Jersey to meet with this team after a thorough vetting of my background and experience. I was informed that the Risk Manager for the Foxwoods Casino (the new facility was under construction and insured via a Wrap-Up Insurance Program), had disappeared suspiciously and the Casino's files were found in a shredder. My assignment was to "audit" the Wrap-Up and see if I could find a specific Italian name and a $100,000 transaction. If I found one or both of these items, I was instructed to go to the red phone in the room, make the call and pack up and go back to Minneapolis. It was up to me whether I wanted to author a report on my insurance findings. The Wrap-Up insurance program was strangely put together with a last minute binding for the EXACT price, terms & conditions with a different carrier than offered the original quote. Additionally, the excess tower that was supposed to be "follow form" had different inception/completion dates and was inconsistent with the underlying program. Now back to the assignment at hand, after three days of combing through paper files (that's all we had back then), I came across the Italian name and later the same day found a hand written receipt for $100,000. I did what I was instructed to do and made the phone call on the red phone, packed up and caught the next flight to Minneapolis. I did write a report of my findings because that is what A&A was paid to do, but was somewhat concerned about putting my name on it. I don't know what happened from there, but it was truly a life experience. More experiences to come!!!!

Highway robbery. I’m helping a client with their insurance renewal. The former broker was already taking a very large commission % and had attached an additional $22k “risk management fee”. There were no risk management services offered - this was just a money grab. By switching to us, before any negotiation with the incumbent carrier took place, the client immediately saved $22k in nonsense fees. We’re now looking at bringing the savings closer to $50k after our initial negotiation. It’s hard to fathom the level of greed involved here. Who knows how long this broker has been bleeding this contractor dry. They had a 15 year long relationship - these fees could have been on every proposal. Talk about a revenue leak! They only ended their relationship with the old broker because I showed them a better way to navigate the market - we didn’t uncover these fees until after I was hired. My contractors tip of the day is this: when reviewing your insurance proposals, please be very inquisitive about the fees. Some of them are legit. None of them should be this high - even on a $160k proposal. Have your agent explain them in detail. If something seems off - you may need a second pair of eyes.