Finding Qualified Staffers for Your Agency

Jun23
by admin on June 23, 2022 at 6:13 am
Posted In: Insurance

Your staffers can be the key to your agency’s success. Having a reliable pipeline of talent can lead more companies toward you. This can turn your business into a huge success.

Implementing talent management strategies is a way to ensure that you’ve got the talent that companies need. Learn a little bit more about how these strategies can help.

Create An Action Plan

Having a plan can mean consistent hiring across your company. That way, employees know what types of talent to look out for. 

The strong points of an action plan include creating a thorough application. It can also include a very careful screening process. Be sure that applicant interviews are fair. Each employee should ask consistent questions to all applicants. 

Encourage Staffer Growth

Supporting your staffers can mean that they can improve your clients’ companies even more. Offer regular training programs and professional development opportunities. 

Also, listen to your staffers’ needs. Send them a survey about their application and interview process. Sometimes their perspectives can improve your company for the better. 

Creating a management strategy can take some time. Every staffing company has a different pool of clientele. However, putting in the effort can produce fruitful long-term gains for your company. 

The Two Tenets of Ethical Teaching

Jun13
by admin on June 13, 2022 at 9:06 am
Posted In: Tips & Tricks

Many refer to teaching as “the noble profession.” In addition to educating the nation’s youth, teachers have a myriad of other responsibilities. These responsibilities mean the job is not to be taken lightly. As laid out by the National Education Associate, the code of ethics for teachers has two main components.

1. Commitment to the Student

Teachers know from the beginning that their role is to put students first. Among other tenets, teachers will:

  • Allow students to be creative in their learning
  • Allow students access to varying points of view
  • Bestow information objectively
  • Provide for the student’s health and safety
  • Abstain from embarrassing the student
  • Avoid discriminating against the student in any way.

2. Commitment to the Profession

Teachers must also commit to the job. So they may uphold the institution of education, teachers must not:

  • Make a false statement related to their qualifications
  • Assist an unqualified person in becoming a teacher
  • Disclose confidential information about colleagues unless required to by law
  • Accept money or other gifts that may influence their decisions or actions as professionals.

Teaching is not a career for the faint of heart. The codes outlined above are only just the tip of the iceberg for everything expected of those noble professionals.

Is There an Advantage To Bundling Insurance?

Jun07
by admin on June 7, 2022 at 3:58 am
Posted In: Insurance

Bundling multiple insurance policies with one provider can have many benefits. Is bundling your insurance a good idea? 

What is Bundling Insurance?

Bundling insurance is a practice where you buy multiple policies from one insurance company, allowing you to qualify for policy discounts. Insurance companies offer these bundles to encourage clients to buy more policies with them.

What Are the Benefits of Bundling Insurance?

There are many advantages to bundling insurance policies.

1. Saving on Premiums

An obvious benefit is the savings you are eligible for by buying multiple policies with a single insurer. Many companies offer serious discounts on bundled policies, and some companies offer discounts for multiple policies or bundles within the same household.

2. Pay a Single Deductible

Many companies offer a single deductible when you purchase multiple policies with them. This provides extra security in the case of a catastrophic accident that involves multiple claims. Paying one deductible for multiple policies keeps more money in your pocket.

3. Fewer Accounts to Manage

You may be able to have a single payment for all your policies. Additionally, you will only have one company, and perhaps one agent, to get to know and deal with for all your needs. Making your insurance easy to maintain and use is a huge benefit.

Why Employee Benefit Plan Fiduciaries Need Liability Protection

May27
by admin on May 27, 2022 at 10:43 am
Posted In: liability insurance

The Employee Retirement Income Security Act (ERISA) was established in 1974 to ensure that employees’ benefits plans are protected against mismanagement. While this law protects employees, it has made anyone associated with the management, administration or oversight of employee benefit plans vulnerable to lawsuits. Here is how anyone who oversees these plans can protect themselves from claims.

Why Fiduciaries Are Vulnerable to Claims

The individuals who oversee or make decisions regarding employee benefits plans are considered fiduciaries. This means that all decisions they make regarding a plan must be in the best interest of the plan members. If a plan member feels a fiduciary is in breach of duty or made a costly error, they may file a lawsuit against all fiduciaries associated with the plan.

How Fiduciaries Can Protect Against Claims

A fiduciary liability policy can help cover legal costs associated with employee lawsuits. Policies vary depending on the insurance agency, but most will cover the following type of claims:

  • Careless or negligent plan management
  • Excessive plan fees
  • Poor investment decisions
  • Changing benefits without proper notice
  • Failing to monitor a third-party plan provider

An insurance agency specializing in fiduciary liability insurance can best advise companies on the type of coverage they should carry for any plan’s fiduciaries. Not all fiduciaries require the same kind of coverage.

How Insurance Agencies Can Benefit from Social Media Marketing

May19
by admin on May 19, 2022 at 9:50 am
Posted In: Insurance

Most people spend at least a few minutes each day on some social media platform. It can be a good place for a business to introduce itself to potential new customers. This can be accomplished using social media marketing tactics designed to engage people to drive new leads. Here is how insurance agencies can benefit from social media marketing.

What Is Social Media Marketing?

Social media marketing involves interacting with potential new clients on social media to build brand recognition, drive website traffic and increase sales.  It can entail both posting and advertising on various social media platforms. Social media marketing for the insurance industry can be very effective, providing it is done in such a way to engage people and build trust.

How Can Social Media Marketing Help Build Business?

More and more people look to social media when making purchasing decisions. This may involve asking others on a platform for recommendations or looking at a company’s social presence to get a feel for how a company does business.

The posts and content a potential client experiences when visiting a company’s social profile can make the difference between following the company or forgetting the company. A solid social media marketing campaign can result in a continual stream of potential new clients for an insurance company.