Employers Insurance is offering PGI agents 20% commission on Workers Compensation policies under $25,000 in premium with effective dates from April 1st, 2021 through October 1st, 2021.
Many agents are aware that there is are Commercial Cyber Insurance products available to protect small business. However, these same agents are often reluctant to promote those products out of a lack of understanding of the need for small businesses to carry the coverage. How bad could a cyber event be? In truth, a cyber event can be very expensive and disruptive to a small business. In particular, this is because so few small businesses take the protective steps to safeguard their files and other data that bigger firms take. This makes them targets. A ransomware attack can literally cripple a small business. In this type of cyber breach a hacker takes control of a business' computers and systems and holds them hostage, often for a large ransom. In some cases the hacker encrypts the data, other times the hacker simply denies access to the systems. Either way, your business isn't running unless you bypass the hack, or pay the ransom. Good cyber s...
This is a great article on persuasion, an art that we must all use continually in our lives, but especially when it comes to the sales cycle. During the sales cycle you must persuade a prospect to give you time for a meeting, you must persuade a prospect to choose your product and services over a competitor, and year after year you must persuade your clients to remain your clients. This article is a great reminder that the skill and art of persuasion has not changed, there are no new tactics, and mastery of persuasion is still essential. Enjoy! Harvard Business Review - The Art of Persuasion Hasn't Changed in 2,000 Years
Rate increases are expected in almost every line of business. READ ARTICLE "Cyber insurance rates are expected to increase by 10% to 30%, while general liability rates are expected to increase by 7.5% to 15%." What makes a hard market? A hard market may also be referred to as market tightening. This is because insurance availability, usually of a particular line, becomes more difficult to obtain and often may be more expensive. This typically happens in the commercial property and casualty markets as a result of catastrophic losses, large jury verdicts, or other factors affecting the profitability of insurers and reinsurers.
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