Main Street America Insurance’s Post

SHOULD THE CLAIM BE SETTLED OR DECLINED The general code of conduct requires that financial services providers (FSPS) take care of the interests of their clients and employ resources, procedures, and technological systems to prevent their clients from suffering risks and financial loss. FSPs must have mechanisms to advise clients of possibilities of losses and how to mitigate the losses. I was approached by a client, FSP with a matter. MRS C (not real name) has a policy with FSP, which covers MRS C’s son, amongst other dependants. The son was 17 years old at inception of the policy but passed on at 21. FSP declined to honour the subsequent claim on the grounds that the deceased was no longer a child, in terms of the policy. FSP further alleged that, the onus was on MRS C to advise FSP that son was no longer a child, so that a new policy had to be arranged. On the other hand, MRS C averred that she was not aware of this and needed guidance. How would you advise here? A registered FSP must have system generated reminders to your clients to warn them of any upcoming changed circumstances which might lead to financial loss or further financial commitment. These new circumstances include: 1.  Changes in age (age group), e.g. from child to adult dependants. Most policies charge very low premiums, or no premium at all, for children, and higher premiums for adult dependants. 2.  When premiums are outstanding, and the policy is approaching lapse status. 3.  The fact that nobody has been nominated as beneficiary, and that such would delay release of the benefit in the event of death of policyholder. You can also include more examples. The crux of the issue is, the FSP must guide the client to avoid financial losses/ or heavy financial commitments, emanating from gullibility, or even oversight on the part of the client. Back to MRS C’s case. The question is; Whether or not the FSP should honour the claim. Supporting FSP’s position, is the fact that the definition of ‘child’ was clearly given in the terms and conditions to the policy, which had been explained to MRS C on inception of the policy. RIGHT. That seems like MRS C has been beaten hands down. But wait, if the matter is brought for adjudication by Ombudsman, the issue of compliance with code of conduct comes up and weighs heavily on the determination. Contact Verity Executive Consultants for: Insurance and Business Solutions Email: verity@verityexecutiveconsultants.co.za All HR Matters- Email: hr@verityexecutiveconsultants.co.za Our Website: https://lnkd.in/dWmXP4MH

SHOULD THE CLAIM BE SETTLED OR DECLINED The general code of conduct requires that financial services providers (FSPS) take care of the interests of their clients and employ resources, procedures, and technological systems to prevent their clients from suffering risks and financial loss. FSPs must have mechanisms to advise clients of possibilities of losses and how to mitigate the losses. I was approached by a client, FSP with a matter. MRS C (not real name) has a policy with FSP, which covers MRS C’s son, amongst other dependants. The son was 17 years old at inception of the policy but passed on at 21. FSP declined to honour the subsequent claim on the grounds that the deceased was no longer a child, in terms of the policy. FSP further alleged that, the onus was on MRS C to advise FSP that son was no longer a child, so that a new policy had to be arranged. On the other hand, MRS C averred that she was not aware of this and needed guidance. How would you advise here? A registered FSP must have system generated reminders to your clients to warn them of any upcoming changed circumstances which might lead to financial loss or further financial commitment. These new circumstances include: 1.  Changes in age (age group), e.g. from child to adult dependants. Most policies charge very low premiums, or no premium at all, for children, and higher premiums for adult dependants. 2.  When premiums are outstanding, and the policy is approaching lapse status. 3.  The fact that nobody has been nominated as beneficiary, and that such would delay release of the benefit in the event of death of policyholder. You can also include more examples. The crux of the issue is, the FSP must guide the client to avoid financial losses/ or heavy financial commitments, emanating from gullibility, or even oversight on the part of the client. Back to MRS C’s case. The question is; Whether or not the FSP should honour the claim. Supporting FSP’s position, is the fact that the definition of ‘child’ was clearly given in the terms and conditions to the policy, which had been explained to MRS C on inception of the policy. RIGHT. That seems like MRS C has been beaten hands down. But wait, if the matter is brought for adjudication by Ombudsman, the issue of compliance with code of conduct comes up and weighs heavily on the determination. Contact Verity Executive Consultants for: Insurance and Business Solutions Email: verity@verityexecutiveconsultants.co.za All HR Matters- Email: hr@verityexecutiveconsultants.co.za Our Website: https://lnkd.in/dRDFb9zY

Saw this at the Agnew Insurance Ltd office, and I absolutely love it. The phrase "If you think it's expensive to hire a professional, wait until you hire an amateur" emphasizes the potential hidden costs and drawbacks of hiring someone less experienced or unqualified for a job. Here are some points to consider: 1. Quality of Work: Professionals typically have the necessary skills, experience, and training to perform tasks to a high standard. Amateurs might lack the expertise, leading to subpar results. 2. Time Efficiency: Professionals are usually more efficient, completing tasks faster and more accurately. Amateurs might take longer, increasing the overall time and cost of a project. 3. Rework and Corrections: Poor-quality work often requires corrections or complete redos, leading to additional costs. Hiring a professional can minimize the need for rework. 4. Reliability: Professionals are more likely to deliver consistent and reliable results. Amateurs may be unpredictable, leading to delays or inconsistent outcomes. 5. Risk Management: Professionals are better equipped to handle unexpected challenges and risks, reducing the likelihood of costly mistakes. 6. Long-Term Costs: While amateurs may have a lower upfront cost, the long-term expenses can be higher due to inefficiencies, mistakes, and the need for future repairs or improvements. Overall, investing in a professional may have a higher initial cost but can save time, money, and stress in the long run. #professionalism #hireprofessionals #beintentional

#jobseeker #reinsurance #lookingforwork #opentowork I wrote this article that talks about what is Reinsurance and the various job opportunities in this industry. Originally published on Medium some time ago, I have now edited the content and added some more information to the same. Just like me who is looking for a job opportunity in Reinsurance, I am sure there would be many here looking for work in finance and insurance services. I hope this article helps all career aspirants and job seekers with some insights into this promising and growing domain in finance. If you found this article helpful, feel free to react and share your thoughts in the comments below. That will help this post get better reach. If you're a hiring manager or you know of anyone hiring for Reinsurance operations, please consider connecting with me here. #jobhunt #underwriting #underwriter #reinsurancejobs #jobgoals #jobchange #seekingemployment #employmenttips #insurancejobs #hiring2024 #insurance #HR #careergoals #career #careergrowth #hiring #jobinterview #financecareers #financejobs #interviewready #content #linkedingrowth #linkedincreator #linkedinhiring #linkedinleads #linkedinengagement #hireme #hiremenow #linkedinwriting #contentwriting #writing #blogpost #blogwriting

🔥 🔥 🔥 𝗘𝗫𝗖𝗜𝗧𝗜𝗡𝗚 𝗡𝗘𝗪𝗦 🔥 🔥 🔥 Hi Everyone!! I’m very excited to announce the rebrand of my Workers’ Comp Premium Recovery business to Premium Recovery Experts, Inc.! Check out my brand-new website which has plenty of great info. 𝗪𝗵𝗮𝘁 𝗱𝗼 𝘄𝗲 𝗱𝗼? Premium Recovery Experts is a team of experts who specialize in Workers' Comp. We work with owners and CFOs by performing a forensic analysis of their past 5 years workers’ comp audits to uncover & retrieve thousands of dollars in overpayment due to errors made from previous audits. In addition to these findings, we reduce future premiums. We eat, sleep, and breathe workers' comp. 𝗧𝗵𝗲 𝗿𝗲𝗮𝘀𝗼𝗻𝘀 𝘄𝗵𝘆 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝘄𝗼𝗿𝗸 𝘄𝗶𝘁𝗵 𝘂𝘀 -100% risk free. There is no fee if there is no refund. -75% of the time we get our clients a refund. -We gather the data/policy docs on behalf of the client. -We can recover money whether a WC claim has ever been placed. -We don’t sell insurance so there is no need to change policies, carriers, or brokers. -Our work reduces our client's annual premiums. 𝗥𝗲𝗰𝗲𝗻𝘁 𝘀𝘂𝗰𝗰𝗲𝘀𝘀 𝘀𝘁𝗼𝗿𝗶𝗲𝘀 Plastics Manufacturer-$59,750 recovery. $16,500 savings per year going forward Social Service Nonprofit-$35,000 recovery. $11,200 savings per year going forward Plumbing & Heating Contractor-$18,300 recovery. $4,400 savings per year going forward 𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 Email: Bobbyg@premiumrecoveryexperts.com Cell: 347-739-1773 https://lnkd.in/eD72ZHw2

My focus is on helping companies find ways to reduce some of their operational costs and improve profits/cash-flow, especially in the inflationary environment we've been in. I've known Bobby Giurintano for years: he truly cares about helping companies. If your company has to provide Workers Comp Coverage/insurance for employees, he may be able to get historical refunds from past overcharges/billing errors. If he doesn't, there's no fee. It's basically the same model my partner NASC has for securing refunds on utility bills. If you have high costs relating to Workers Compensation Premiums, I recommend reaching out to Bobby for a quick discussion.

"Behind every successful entrepreneur is a community that believes in them." Today, I want to shine a spotlight on my friend Bobby Giurintano and his new venture. Starting a business is no small feat, and it takes courage, resilience, and a whole lot of heart. Bobby embodies all of that and more. Not only does he deliver exceptional work, but he’s also genuinely committed to helping others succeed. In a world where connections can make or break a business, Bobby stands out as someone who goes above and beyond. He’s not just focused on his own success; he’s dedicated to helping you find opportunities and resources that can elevate your journey. Whether it’s through insightful advice or strategic connections, Bobby is the kind of guy who will bend over backwards to provide value. As fellow entrepreneurs, we know how important it is to support one another. So, I encourage you to take a moment to learn about Bobby’s company. If you find value in what he’s doing, please like and share this post. Your support could open doors for him and create valuable connections that benefit us all. Best of luck to you, Bobby! If you found this post helpful, give it a like or leave a comment below. And don’t forget to share it with your network! #Entrepreneur #Networking #NetworkingWorks

The best in the game Bobby Giurintano Check out my strategic partner Bobby Giurintano's new website. His company, Premium Recovery Experts offers a great service for companies looking to boost profits and save money going forward, especially in the high risk spaces such as construction, manufacturing, warehousing and distribution, etc. If you have any questions or are interested to learn more, hit this man up!

IT'S THE WEEKEND! 😍 Well for me.. I am off on a mini break CHILDFREE! 🎉 This is cause for celebration.. however, before I go, I wanted to post about a really exciting role we have on at the moment! ⭐ WFH with two days in the City ⭐ £85k-£95k 'You’re number 2 running a commercial underwriting department, when really you are number 1 🙄 Sorry, it’s a touchy subject isn’t it. But I had to say it so bluntly to get your attention. The fact you’re basically propping up the P&C Underwriting department says it all. Constantly coming up with ideas to contribute to the P&L. And all that networking with brokers. Building solid relationships throughout the UK has helped to grow the book of business. You’ve got a proven track record. So why haven’t you taken that next step yet? I mean, it’s not as if you haven’t been asking for it. Or working your a** off to get it. But I have some good news. You can have that next step. But not where you are now. It’s with an MGA with serious appetite for growth. Where you’ll work in the city two days a week. And have full P&L responsibility with plenty of autonomy. Free rein to build relationships with brokers throughout the country. Making sure they’re using this MGA for their Property & Casualty business. And that’s really what you can get your teeth sunk into. Because there are other ‘Heads of’ within the retail side of the business that deal with other areas. So you can just focus on what you do best. The rest of the team are still here so pop us a message or give us a call if this sounds like the opportunity you have been looking for! #recruitment #insuranceindustry #vacancies #headoftrading #underwriting #commercialinsurance #newbusiness #commercialinsurance

Picture a future where your insurance business is thriving beyond your expectations. You have more time to connect with clients and close deals, all while knowing that the day-to-day administrative tasks are being handled with the utmost care. Are you currently feeling overwhelmed by paperwork and customer inquiries? Are you struggling to balance client relationships with operational tasks? The stress of juggling multiple responsibilities can take its toll on your mental and emotional well-being, leading to burnout and dissatisfaction with your work-life balance. But fear not, we are here to help! Let us take care of the administrative tasks so that you can focus on what you do best—serving your clients and growing your business. Our team will lighten your workload, increase your productivity and help your revenue grow. Don't let the daily grind hold you back from achieving your business goals. Send me a DM to learn more about how we can help. Email: rastudillo@insboss.net Phone: 917 410 7574