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LRO Insurance Uses Lease as Initial Insight Into Risk

LRO Insurance Uses Lease as Initial Insight Into Risk

When working with commercial property Lessors Risk Only (LRO) clients and prospects, retail insurance agents and brokers should evaluate current tenant leases and agreements to gain important insight into how a landlord approaches risk. It also puts the retail agent/broker in a unique position to suggest, recommend and assist a landlord in making necessary changes and upgrades to protect their property asset, and to demonstrate your value as a knowledgeable, trusted source, and ideally an integral voice within their inner circle of financial advisors. Novita Insurance Solutions offers insurance agents/brokers actionable tips on how to best serve commercial real property owners while growing their book of business.

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LRO Academy: Operational Considerations

LRO Academy: Operational Considerations

In our continuing series “LRO Academy,” we look in this post at operational considerations around evaluating, recommending and selling Commercial Lessors Risk Only (LRO) policies. With building ownership comes great responsibility and for building owners who are also...

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How to Sell Insurance in a COVID-impacted World

How to Sell Insurance in a COVID-impacted World

Insurance brokers and agents, like 99.9% of all businesses, are being greatly impacted by the pandemic. Over the next several posts in our blog post series “LRO Academy,” we’ll examine how to position agents new to Lessor’s Risk accounts to be more effective and increase prospect sales and current client engagement.

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Wholesale/Broker Relationships are Key to Success

Wholesale/Broker Relationships are Key to Success

As an intermediary, wholesalers focus on relationships – with the retail brokers, and with carriers. The retail broker looks to a wholesaler to bring knowledge, innovation, credibility, experience, and service to the table for the benefit of their clients. Novita Insurance Solutions combines this with creativity, innovation, and efficiency.

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Delivering Efficiency, Speed, Accuracy

Delivering Efficiency, Speed, Accuracy

Wholesale brokers continually prove themselves as valuable allies to the retail broker community when it comes to handling difficult-to-place risks. As a wholesaler, Novita Insurance Solutions not only has the expertise, but the efficiencies of resources and responsiveness – from fast, accurate, and decisive underwriting to proactive, experienced and claims handling.

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The Wholesale Value Proposition Part 1

The Wholesale Value Proposition Part 1

Wholesale brokers are valuable allies to the retail broker community when it comes to handling difficult-to-place risks. With the current pandemic touching and potentially reshaping wide swaths of the insurance industry, up to and including possible changes to...

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A Few of Our Favorite Things …

A Few of Our Favorite Things …

For most of us, we’re entering a second month of sheltering in place and getting used to the “new” normal, which now includes sheltering 24-7 with children and spouses, extended family, roommates, etc., often combined with work responsibilities. Keeping everyone under...

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Business interruption coverage and coronavirus

Business interruption coverage and coronavirus

“Black swan” events come out of the blue; we are gobsmacked, left scrambling and scratching our heads. According to investor, mathematician and author of “Black Swan” dealing with unpredictable events, Nassim Nicholas Taleb defines the black swan event as “an outlier,...

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Working from home

Working from home

The “interim normal” is now sheltering in place at least through the month of April, social distancing, working from home, school closures – in many cases through September – and overall economic uncertainty. We’ve compiled a list of best practices to navigate the new...

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