Risk Management Basics

Business of Insurance Podcast

SMALL THINGS MAKE A BIG DIFFERENCE

EP 64 - Todays episode was inspired by a recent CE class on Ethics. There were many great ideas shared, in a boring ethics class, but the tips I'm sharing today were from the discussion.

There was actually a list of 50 risk management tips and I've taken 10 of them and offered my thoughts on them from my own experience in the industry.

States didn't always require ethics, it's only been a requirement for about 20 years. When I first entered the busines we didn’t have to take ethics. It’s a good refresher but it can also be boring!

I’ve titled this episode Risk Management Basics because you might find these ideas fairly basic. The reality is, someone new might not even know these things and a few of them it might take a few years before someone figures them out.

Personally, I think they are essential, so if you are new, figure out how to incorporate them into your business and if you aren’t doing these things as an experienced agent, now might be a good time to start!

1. Maintain All Licenses
2. Understand the value of professional development
3. Don’t promise more than you can deliver
4. Verify Fax Transmissions
5. Use Coverage Checklists
6. Use Standardized proposals
7. Checkall policies and endorsement for accuracy
8. Document coverage rejections
9. Avoid giving recorded statements
10. Fire Bad Clients

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ABOUT THE HOST

This episode of the Business of Insurance podcast is produced and hosted by Debbie DeChambeau, CIC, AAI, CPIA - an entrepreneur, business advisor, insurance professional and content creator. Her goal is to inspire you to think differently and explore ideas that disrupt the status quo.

Debbie has an extensive business and marketing background with a focus of helping insurance professionals be more successful.

She is the co-author of Renewable Referrals and produces two other podcasts, Divorce Exposed and Seniors We Love.

Connect with Debbie on LinkedIn, Twitter or Instagram.