Amelia Underwriters’ Post

If you are responsible for managing a DD process on a deal, how can you test whether you are taking a sensible approach to which workstreams you line-up and the scopes within each of them? As one VP in a PE house put it to me, the good news is that there is "a free cheat code”. Most of the good M&A insurance brokers and underwriters will gladly take a look at your diligence workstreams and scopes of work and guide you without cost. Why would they? Well, it is an easy way for them to demonstrate value and it gives them an opportunity to get an early look at deals, which helps with their deal-sourcing. It literally costs the deal team nothing – other than a couple of phone calls / emails – to run the DD scope(s) by a friendly broker / underwriter. There is no obligation on the deal team to proceed with procuring any insurance. So, the real question is: why wouldn’t get another pair of eyes on your DD scoping? #manda #duediligence #dd #ddquarterback #whywouldntyou

Great DD 'hack' - if you want someone to sense check your DD scoping, call your friendly broker and run it past them. We see an enormous amount of DD reports and have a good feel for what is market standard and what level of DD is required to get insurers comfortable, so if you're ever uncertain just get in touch. We are happy to give our view free of any charge or commitments, as a way to demonstrate our value and experience, and with the hopes that clients later choose to pick us as their W&I broker. This is especially relevant on larger cross-border transactions, or complex carve-outs. #manda #duediligence #dd

Why letting multiple agents quote your insurance can work against you: 1️⃣ Your information gets widely circulated, turning it into a race to be first, not a focus on accuracy or strategy. 2️⃣ Viable carriers often decline because brokers fail to properly represent the opportunity or provide enough detail. 3️⃣ Even when a knowledgeable broker steps in, underwriters may be forced to decline because another underwriter already said “no.” 4️⃣ This creates lost opportunities—for you and the carriers—due to market confusion. It’s a frustrating process that happens every day, but many don’t realize the harm until it’s too late. Why does it still happen? Because it’s easier to chase quotes than to invest in truly understanding an organization’s risks and building a strategic, long-term plan. The reality: In the quoting game, the customer always loses.

🛡️𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞: 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐋𝐚𝐰𝐬𝐮𝐢𝐭𝐬🛡️ Running a business comes with risks, but the right commercial insurance can protect you from financial losses due to accidents, lawsuits, or property damage. Whether it's a product-related lawsuit, injury claim, or copyright infringement, 𝐠𝐞𝐧𝐞𝐫𝐚𝐥 𝐥𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐢𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 helps cover legal fees and potential damages. 🔍 𝐃𝐨 𝐘𝐨𝐮 𝐇𝐚𝐯𝐞 𝐄𝐧𝐨𝐮𝐠𝐡 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞? Many business owners have a 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫𝐬 𝐏𝐨𝐥𝐢𝐜𝐲 (𝐁𝐎𝐏), but it might not be enough to fully protect you. If you're concerned that your coverage falls short, our local agents are here to review your current policy and help you determine your level of risk based on your specific industry. 🏢 𝐋𝐨𝐜𝐚𝐥 𝐄𝐱𝐩𝐞𝐫𝐭𝐬, 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 As local business owners ourselves, we understand the importance of getting the right coverage at a reasonable price. We’ll work with you to create a custom policy that balances affordability and protection, so you can focus on growing your business without worry. 💼 𝐋𝐞𝐭’𝐬 𝐆𝐞𝐭 𝐒𝐭𝐚𝐫𝐭𝐞𝐝! Interested in learning more about commercial insurance or reviewing your current coverage? Our team is ready to help. Contact us today and ensure your business is protected from the unexpected! #CommercialInsurance #BusinessProtection #GeneralLiability #RiskManagement #BusinessOwnersPolicy #LocalInsuranceAgent #HemlyInsurance

We don’t have “Sales” People at ALIGNED. No one likes “being sold” and that’s why the person you start working with as a prospect becomes your partner. Business insurance requires a thorough understanding of your operations, exposures, risks and more. Whether you are considering our services or renewing your coverage, we advocate for you! https://lnkd.in/gS6jVF3

Lead Liability Underwriter, Niall Casey, has recently observed a crucial need for tailored Contract Works solutions for single projects. Under various Joint Contracts Tribunal (JCT) conditions, employers and property developers often face the challenge of securing comprehensive insurance coverage for their projects 🏗️ At MX Commercial, our Liability solutions can be tailored to support brokers placing risks under the trickiest circumstances. Our comprehensive solutions are designed to provide peace of mind and financial protection for both employers and property developers, ensuring that their projects are adequately covered from start to finish. MX Commercial is here to support you and your clients. Don't let insurance complexities hinder the success of your clients’ projects. Find out more about our Liability offering by visiting our website: https://lnkd.in/edKXATV2 #OpportunitiesUnlocked #MGA #LiabilityInsurance 

In the competitive insurance industry, success hinges on a strong bond between sales and marketing teams. When these two departments work in unison, they can attract qualified leads, convert them into customers, and foster long-term policyholder loyalty. Let's delve into why alignment is crucial and explore steps to achieve it.

Navigating the challenges with your current E&O underwriter can be frustrating. Many brokers and agents face issues such as rigid policies, lack of customization, slow response times, and insufficient coverage options. These obstacles not only complicate your work but also impact the quality of service you can provide to your clients. At US Risk, we understand these pain points and are here to help. Our team specializes in delivering tailored professional liability solutions that fit the unique needs of your clients. With a focus on flexibility, responsiveness, and comprehensive coverage, we strive to make your job easier and your clients more secure. You need a professional liability underwriter who works for you. Let's work together to elevate your E&O offerings with tailored solutions that meet your clients' specific needs. Reach out to us today and discover how US Risk can be your trusted partner in professional liability. #Insurance #Brokers #Agents #ProfessionalLiability #USRisk

Retail brokers, get ready for a game-changer! Capitola’s access to Kinsale Insurance can simplify your Professional and Management Liability accounts. With Capitola's intuitive platform and Kinsale’s underwriting expertise, you will receive faster quoting and smoother workflows, enhanced access to specialized coverages, and improved efficiency for your clients. Stay tuned for more details! #InsureTech #brokers #partnership #managementliability #professionalliability #commercialinsurance

#ICYMI Last week we hosted, Boost Client Satisfaction & Revenue with Waiver Programs, a webinar that educated #insurance brokers on everything they need to know about driving new revenue for themselves and their clients through property damage liability waiver and rent reporting programs. One of the takeaways? Ask your clients these key questions to see if they'd benefit from a new program: 1. How are you monitoring your residents' renters insurance policies? How’s that going?   2. How many uninsured claims have your properties incurred in the last 12-24 months?  3. What is the current program’s absorption rate? 4. Are the revenue share benefits maximized in your opinion? It's not too late to watch the webinar and get the rest of the takeaways! Watch on demand here and reach out to Foxen to learn more: https://lnkd.in/gKQM9Ghm