Insights
Keeping you up to date on industry trends so you maintain your competitive edge and provide timely, accurate coverages for your clients.
NAVIGATING THE NEW FRONTIERS OF PROFESSIONAL LINES INSURANCE
HOW CLIMATE CHANGE IS SHIFTING THE INSURANCE INDUSTRY
GARAGE GURUS: GARAGE COVERAGE EXPLAINED
YOUR GUIDE TO CANNABIS INSURANCE
RIDING THE WAVES OF CHANGE INSURANCE INDUSTRY OUTLOOK
Outsmart QR Code Scammers With These Tips
QR codes have become commonplace in our everyday lives. With a quick scan from a smartphone camera, they offer a fast and easy way to find additional information, access services, or process payments. However, scammers have found ways to take advantage of their popularity and use them to steal money and information. Protect yourself and your data by understanding how QR codes work and the common...
Special Risks Facilities Rebrands to Jencap Insurance Services Inc.
Sterling Heights, MICH. (August 02, 2021) – Special Risks Facilities (Special Risks), an excess and surplus lines managing general agency with locations in Sterling Heights, MI and Peoria, AZ, is pleased to announce a new name and brand identity. Effective immediately, Special Risks will operate as Jencap Insurance Services Inc. (JCIS), a...
MJ Kelly Rebrands to Jencap Insurance Services Inc.
Springfield, MO (August 02, 2021) – MJ Kelly, a full-service managing general commercial insurance agency and wholesale brokerage company, is pleased to announce a new name and brand identity. Starting today, MJ Kelly will operate as Jencap Insurance Services Inc. (JCIS), a recently formed division of parent company, Jencap Group LLC (Jencap)....
5 Cyber Trends Your Insureds Need to Know
Hackers recently used ransomware against a major gasoline pipeline to halt distribution, costing the company millions of dollars and creating chaos across the southeastern United States. A cyber attack on the world’s largest meat producer last month also forced the shutdown of all its U.S. beef plants, wiping out production from facilities that...
Jencap Announces Acquisition of U.K.-based Lloyd’s Coverholder
Worldwide Special Risks to Provide Essential Live Event Coverage New York, NY (July 8, 2021) – Jencap Group, LLC (Jencap), the wholesale program management and binding authority business of Galway Insurance Holdings LP (Galway), has acquired London-based Worldwide Hole ‘N One Ltd. (WHNO). Through its primary brand, Worldwide Special Risks (WWSR),...
MiniCo Insurance Agency Announces Rebrand as a Jencap Company
MiniCo's new brand reflects its association with parent company Jencap Group, LLC (Jencap). Under the Jencap umbrella, MiniCo is now one of the largest program administrators in the United States. Phoenix, AZ (July 1, 2021) – MiniCo Insurance Agency, a leading program administrator offering specialty programs for a variety of industries, today...
Jencap Group Announces New President
We are pleased to announce that Mark Maher has been promoted to President. In his new role, Maher will work with the Jencap management team to develop strategic plans, drive overall growth initiatives, manage carrier and broker relationships, and work with affiliate company leaders to achieve an effective cross-selling practice; all the while...
Genesee General Announces Rebrand: Will Operate as Jencap Insurance Services Inc.
Atlanta, GA (June 1, 2021) – Stringer Ware and Company Inc. DBA Genesee General, managing general agency, program administrator and wholesale insurance broker, is pleased to announce a new name and brand identity. Effective immediately, Genesee General will operate as “Jencap Insurance Services Inc.,” a newly formed division of parent company,...
Top 5 Home Health Trends of 2021
Our nation’s healthcare system will become much more strained as the Baby Boomer generation (born between 1946 and 1964) passes retirement age, and the need for home healthcare services will rise dramatically. The population eligible for Medicare in the U.S. in 2000 was 35.1 million, but that number will be almost double at 69.7 million by 2030....
The Pandemic’s Impact on the Transportation Industry
If you insure truckers, trucking companies, or other clients that conduct business in the transportation sector, you may be wondering what impact the pandemic has had on the industry as a whole. Although transportation is generally considered an essential service, the pandemic left nearly no industry unaffected, transportation included. Your...
Importance of Complete Workers’ Comp Insurance Submissions
According to ratings agency A.M Best, the country’s property and casualty insurance industry saw an 86% drop in underwriting income in 2020 - falling to $600 million compared to $4.5 billion for the same period in 2019. Workers’ Compensation carriers specifically are being tested in the marketplace like never before; loss costs have been on a...
FAQ Regarding Professional Liability Insurance
Also referred to as errors and omissions insurance or an E&O policy, professional liability insurance is coverage for professional services such as accounting, medical or healthcare, and legal work from claims filed by their clients for acts of negligence. Many of the professionals working in these fields don't have an accurate understanding...
Is a Large Deductible Plan Right For Your Client?
A Workers’ Compensation large deductible plan provides the same coverage as a guaranteed insurance plan – in fact, it is a guaranteed insurance plan with a special deductible endorsement. The deductible size for these plans generally ranges from $100,000 to $1,000,000 per occurrence. Large deductible plans are not for every company, but some...
What is Garagekeepers Liability & Who Needs It?
When people bring vehicles to auto repair shops, garages, or towing companies for repair or maintenance, they trust these professionals to protect their cars from damage. As service providers, your clients are liable for the vehicles' safety while in their care. Unfortunately, accidents can and do happen, making both garage liability and...
Up in Smoke: Insuring Cannabis-Related Businesses
The sale of legal cannabis is projected to reach $20 billion within three years. With 33 states passing laws to legalize medical cannabis and 11 allowing recreational marijuana, the insurance industry is beginning to take notice.
Workers’ Compensation Cannabis Class Code Roulette
Determining the proper classification for cannabis businesses is not one you want to take a gamble on. If you bet on a specific class code and it isn’t accurate, your client could suffer significant premium penalties at the time of an audit or worse – costly coverage gaps.
Best Ways to Protect a Wine Collection
Nothing sets the mood for a gathering of family and friends quite like the perfect wine. Are your clients taking the necessary steps to keep their wine collection safe for years to come? Wine enthusiasts invest a great deal of time and money into their collections, so it’s an asset that should be insured, much like any other valuable collection....
Two Things Your Product Recall Requires
If you clients have never experienced product recall, they may not understand the risks involved. You can be a great resource to your clients by mitigating that risk before it puts a strain on their resources. Minimizing the damage your clients may experience as a result of a product recall requires two things: a comprehensive response plan a...
Libations and Salutations: Restaurant Liquor Liability for the Holidays
The most important defense against liquor liability for your restaurant clients this holiday season is prevention through education. In addition to proper liquor liability insurance, it is imperative they create a liquor liability training program for staff members who serve alcoholic beverages. In these training sessions, employees should be...
Who Really Needs Professional Liability Insurance?
Every business in every industry faces its own set of unique risks. But for those who make their living offering a service, such as a contractor, an accountant, or a content creator, for example, dissatisfied clients can also end up presenting challenges and lawsuits. Any business or business owner who sells their expertise should consider...
On the Road: Talking to Your Charter Bus Clients
Having the proper charter bus insurance coverage at an affordable rate can make the difference between the success and failure of your client’s charter bus operation. When your charter bus clients are considered for a job, there are several things they should prepare to share to ensure the safety of the passengers. Safety record and rating. A...
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