Super Storm Sandy – What have we learned?
Ever-present, yet below the surface of the horrific results of such a large storm, is the potential liability that the insurance broker or agent has for placing the correct coverage. A storm such as “Superstorm Sandy” involves a myriad of direct and indirect sources of loss ranging from damages from wind, flying objects, flood, sewer backup, to buildings, personal property, vehicles, loss of income, spoilage, and, worst of all, bodily injury and even death. The very real issues discussed in this webinar as a result of this storm involve the availability of flood coverage and potential errors of the insurance agents or brokers in providing needed insurance on behalf of their clients.
Details of coverage provided by the National Flood Insurance Policy (NFIP) are explained as well as how this flood insurance is accessed by the agent or broker. Many insurers provide the coverage on behalf of the NFIP and many do not. The insurance agent or broker must have this information about the insurers it represents. Further, the webinar provides a check list of issues to discuss with prospects and clients before the flood.
Finally, a standard check list of agency management techniques will be provided to assist the agency or brokerage firm in doing a professional job of providing the proper insurance protection for the client as well as avoiding errors or omissions claims.