welcome! insurance 101 presenter: becki wall-liebergot, cic, cisr national accounts division team...
TRANSCRIPT
Welcome!Insurance 101
Presenter:
Becki Wall-Liebergot, CIC, CISR
National Accounts Division Team Leader
Moody Insurance Worldwide
Phone (800) 966-0001 ext 3025
20251 Century Blvd, Suite 425, Germantown, MD 20874 | Phone 800-966-0001 | Fax 301-417-0040 | www.moodyinsurance.com
Insurance 101
Insurance considerations for new franchise owners
When searching for office space…
• Your location
• Lease requirements
• Coverage availability
When it comes to Automobile…
• Liability coverage drives premium
• Personally titled/registered vehicles
• MVR Review
• Employees driving their personal vehicles
When it comes to Workers’ Comp…
• Premium based on annual payroll estimate unless a pay-as-you-go option is available
• Auditable
• Classification 0917 - or something else?
• Owner coverage elections
• Experience rating
• NCCI or other state rating bureaus
When it comes to Crime / Bonding…
• Conviction requirement?
• Client agreement requirement?
• Criminal Background Checks – A MUST!
• What is a dishonest act?
When it comes to General Liability…
• Based on annual payroll estimate
• Auditable
• Coverage considerations
• Lease requirements
When it comes to Umbrella Liability…
• Often required for larger contracts or lease
• Recommended
• Umbrella versus Excess (follow form)
Some final thoughts…
• Stay in touch
• Befriend fellow business owners
• Locate nearby medical facilities within the preferred provider network
• Utilize carrier systems
Thank you!Moody Insurance Worldwide
20251 Century Blvd, Suite 425
Germantown, MD 20874
Toll-free 800-966-0001
www.moodyinsurance.com
The statements made in this presentation are general in nature and are for
informational purposes only. For specific insurance coverage information, please
consult your agent. Coverage availability may vary by state.