Rhode Island Insurance Continuing Education
The Legal Relationship between a Broker and an Insurance Agent.
The role of a broker differs from that of an agent. A true broker is in the business of bringing insurance buyers and sellers together. A broker acts in the interest of the insurance applicant in regard to the procuring of insurance and filling out the insurance application. However, a broker acts on behalf of the insurance company when collecting the insurance premiums and delivering the policy.
There are many large brokerage firms, such as Alexander and Alexander, Willis Coroon and Marsh & McLennan, that play an important part in the placement of property and liability insurance. These firms often specialize in placing large, multinational corporate accounts and pride themselves on their knowledge of highly unusual insurance markets.
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Fish And Chip Shop Insurance – Make Sure Your Covered Correctly
Fish and chip shop insurance offers a specialist insurance policy. This requires a consultant with a great eye for detail, and a first-rate understanding of the industry. Terms and conditions within the policy need to be checked and explained thoroughly, so that the client can have access to all the necessary information and receive the advice that they need. The policy should include coverage for all elements of the business, such as buildings; trade contents; fixtures and fittings; stock; goods in transit; fixed glass; business interruption; money; liabilities; and potential legal expenses.
In the fish and chip shop industry, fire damage is the most common cause for making a claim. Excessive heat, deep fish fryers, and a constant usage of electricity or gas on the premises can all create an environment where a fire could easily break out, if proper precautions are not taken or the correct procedures are not followed in the event of a fire.
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