Archive for August, 2008

Stuckey Now Offers Miscellaneous Professional Liability Coverage from ACE

Wednesday, August 27th, 2008

Who is Eligible for Miscellaneous Professional Liability?

Miscellaneous E&O coverage is specifically designed for service professionals ranging from funeral directors to tax preparers and everything in between.  ACE coverage, now available from Stuckey & Company, includes over 150 classes in sectors including business services, residential services, government/legal services, financial services, laboratories, media, education, and consulting.

What are the Biggest Classes?

“The Miscellaneous Professional Liability market is really exploding right now,” reports Christopher Boylan, Professional Liability Underwriter for Stuckey & Company.  “A lot of what I am seeing these days is coverage for Business Management Consultants.  Applications from these consultant classes have increase dramatically over the past 6-12 months, possibly the result of current economic conditions, which are driving growth in the consulting market as employers are contracting work vs. hiring.”

Christopher goes on to add that “Title Agents are another class showing really strong growth, and this class represents a huge opportunity for our agents because there are a lot of Title Agents and they really seem to understand the need for E&O coverage in today’s environment.”

Click here to ask Chris Boylan your Miscellaneous Professional Liability questions.

Why Do Service Providers Need Professional Liability Insurance?

As you know, we live in a challenging litigious environment and service professionals are not immune from allegations of negligence, misrepresentation, or inaccurate advice. Professionals are human and can and do make mistakes; even an incident where a provider simply forgets to do something or fails to properly document their work can result in a lawsuit.

The bottom line…any firm that provides services for a fee has liability exposure, and needs professional liability coverage.

ACE Miscellaneous Professional Liability from Stuckey & Company

  • In-house quoting authority for accounts generating $6MM in revenue
  • Minimum premiums under $1,000 for many classes
  • Fast turnaround times for quotes/indications
  • Ability to hook up electronic submissions
  • Will look at books of businesses
  • Admitted paper in most states
  • Coverage limits for many risks are available up to $5MM

Click here to ask Stuckey’s expert your Miscellaneous Professional Liability questions.

Click here to learn more about Stuckey’s Professional program and to download Professional Lines Spec Sheet and Producer’s Manual.

In The Office- Aug 27, 2008

Wednesday, August 27th, 2008

intheoffice

I heard on the radio that there will be a film racing contest in St. Louis later this month. It sounded like it would be a lot of fun. Long story -short: you pay an entrance fee, the judges email your “assignment” which is the theme and they throw in a surprise element that must be in part of your film. So at 10pm on the scheduled night, you gather all your overly-caffeinated friends to write a script, act it out, shoot the film, edit the film, add sound effects, etc. and hand it over within 24 hours! The theme could be something as simple as “Birthday Party” and the surprise element “the trash can falls over”. This makes it so that no one can cheat. The only thing you can do in advance is gather your team. All entries are played on a movie screen in the respective cities within a few days after the contest is over and there are also cash prizes. This is the 8th annual race and it goes to 17 different cities. Who knew!? I guess since film editing software is relatively inexpensive and video cameras are practically a household staple these days, making films isn’t just for Hollywood (or Bollywood) anymore. In fact, documentaries and short films have become increasingly popular in theaters. They tend to get all sorts of “artsy” awards, which to me tends to translate into “boring” (no offense to any penguins). I doubt if I’ll partake in the film racing contest this year because my only experience with videotaping is 12 minutes of my kids’ band concert followed by 37 minutes of a blank wall and snippets of conversations by passersby, not exactly compelling videography; although it would be a great bonding experience to gather co-workers for this type of project. Maybe we’d luck out and our theme would be “binding a Professional Liability policy with an affordable rate for a start-up Computer and Technology Consulting business” and the surprise element: “exceptional customer service”. We would totally dominate! We wouldn’t need 24 hours, we wouldn’t need to write a script or use professional actors because we shoot that film everyday! Grab your popcorn and cool beverage, pull up our website or give us a call. I’m betting you’ll give us two big thumbs up!

Tech Talk for Non-Techies

Wednesday, August 13th, 2008


Let’s face it…we’re human, and we tend to gravitate toward (and sell) the things we’re most comfortable with.  And most of us just aren’t as comfortable with technology classes as we are with other lines.  At Stuckey & Company, we are committed to helping you increase your technology insurance business by providing the information you need to sell technology clients successfully.

Focus on Technology Manufacturing

In this Alert, we’ll focus specifically on Technology Manufacturing classes.

  • Manufacturing represents the biggest opportunity in Technology Insurance today.
  • According to the US Census Bureau’s Economic Census, there are 16,000 manufacturers of Computer and Electronic Products in the US, generating over $358 Billion in sales annually.
  • Unlike some other Technology classes (service providers, programmers, designers, and consultants), manufacturers tend to be larger companies.  According to the US Bureau of Labor Statistics, over 75% of jobs in computer and electronic manufacturing are in companies with 100+ employees.  These companies have far greater needs and potential for agents than, for example, a two-man web design firm, increasing both the breadth of coverage needed and the premium potential.

What is a Technology Manufacturer?

Technology Manufacturing includes a range of companies, including companies that manufacture:

  • Computers (mini-computers, Central Processing Units)
  • Storage devices (hard drive, back-up storage, media storage)
  • Monitors, keyboards, workstations, scanners, printers, phone equipment
  • Printed circuit boards
  • Electron tubes
  • Electronic components for electrical circuits

Stuckey & Company Coverage for Technology Manufacturing

As one of the largest providers of Technology Insurance since 1996, Stuckey and Company’s Tek Division can provide a comprehensive program for your manufacturing clients, including:

  • Tek Manufacturing coverage, which can include coverage for product failure, product recalls, and other tech-specific risks
  • Professional Liability
  • General Liability
  • Workers Compensation

How Do I Target Technology Manufacturers in My Market?

Click here and email us your name, address (including zip code) and phone number and we will provide you with a FREE list of Technology Manufacturers in your market area.  In addition, a Stuckey & Company representative will be in touch with you to discuss specific coverages and selling strategies for reaching these high-potential customers.

In The Office- Aug 13, 2008

Wednesday, August 13th, 2008

intheoffice

I asked around the office to find out who has been keeping up with the Olympic Games. Most of us gals enjoy watching gymnastics and swimming. The guys seem to gravitate towards the basketball, volleyball, soccer…pretty much anything with a ball.   I was watching the swimmers line up the other night and I wondered what was going through their heads while their adrenaline must be redlining?  Right before the line-up some seemed to be praying, meditating, maybe talking themselves into peak performance or visualizing while stretching.  They seemed so focused and in total control of their minds and bodies. But I wonder what goes through their minds after that, say when the gymnast starts sprinting towards the vault or the swimmer comes up for his fifth breath of air? I imagine in a team sport the players are focused on where the ball is, and the other players’ positions. What do athletes focus on when there’s no ball, racquet, or opponent trying to stab them with a sabre?  I remember in college when I had to perform a piece of music that I had practiced all semester, I definitely did not have the mental game conquered. I remember sitting down to a gorgeous, intimidating Steinway on a silent stage in the concert hall. I took a deep breath and placed my hands on the keys. After only a few seconds I felt like I had no control over my fingers anymore.  I was flying through a Bach Fugue, going much faster than I had practiced, thinking,  “oh no, this next part is tricky, I hope I don’t mess up…what the…!@#$, that wasn’t right, now what do I do? Should I start over? What a loser. All my hard work down the drain, I hate this”. Tears, sobs, vomit, etc., etc.  Fortunately, now that I’m older, I have since learned to quiet my mind and experience the “zone”, although I haven’t had to hone the zone while under the pressure of the entire world watching a defining moment in history, like the Olympics. I can’t even imagine the psychological challenge. I think the mental game is the pivotal point determining who takes home the medals, especially when the competitors are so closely matched with skill, strength and talent. You can sure tell when someone is in the “zone” because they make whatever they are doing look effortless. I think a couple of our underwriters are in a zone right now.