Social inflation has become an important factor in the cost of liability insurance. But what exactly is social inflation, and how does it impact the cost of insurance?
The Cost of Social Inflation on Insurance Affordability Read More »
Supply chain disruptions. Inflation. The labor shortage. The construction industry is grappling with several challenges that are resulting in an increase in contractual disputes and a significant rise in liability lawsuits.
Tools and equipment used on construction sites are often subject to theft and vandalism – creating project delays and impacting costs. Over time, multiple claims may also increase insurance premiums.
From machine learning to language processing and robotics to ChatGPT, artificial intelligence (AI) has become a game-changer in so many industries – including those that have been slow adopters to this type of technology.
There is a saying in the insurance industry that when it comes to building a book of business, an agent or broker always needs to be “prospecting where their feet are.”
4 Tips for Getting the Most Out of Insurance Networking Events Read More »
According to Investopedia, cross-selling in the insurance industry has long been an effective method of generating new revenue because it involves selling products to clients that agents and brokers have already established relationships with.
Cross-Selling in Insurance: 3 Reasons This Tried and True Strategy Shouldn’t Be Ignored Read More »
From improved efficiency to communications and safety, mobile technology in the construction industry continues to evolve. This has allowed businesses to work smarter and reduce the risk of job site injuries that in turn, can help reduce workers’ compensation (WC) insurance claim costs.
A number of sources find the following three strategies helpful for small businesses as they navigate the challenging hiring environment in the new year.
Small Businesses Hope to Overcome a Challenging Hiring Landscape in 2023 Read More »
Insurance agents and brokers have seen firsthand how their business clients in certain industries have been impacted by the ongoing labor shortage.
More Construction Companies Look to Women to Help Fill Employment Gap Read More »
Today’s consumers want insurers to offer them the same simplicity, accessibility and options they’ve become accustomed to with other business sectors.
Implementing a Direct-to-Consumer Insurance Model: What’s Holding You Back? Read More »
