Industry Insights
All the latest posts from the experts at Jencap. Stay up-to-date on industry trends to maintain your competitive edge and provide timely, accurate coverages for your clients.
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...
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...
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...
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...
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....
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. California blazed trails by announcing...
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...
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...
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...
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 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...
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...
How To Avoid a Garage Keepers Legal Liability Claim
Business owners who operate dealerships, garages and auto repair shops are responsible for keeping their client’s automobiles safe while in their care, custody and control. To avoid paying out of pocket for any damage you cause to a customer’s vehicle while undergoing...
Jencap Acquires Quaker Special Risk
Jencap Acquires Quaker Special Risk Positions Jencap as One of The Largest Specialty Insurance Distribution Platforms in the U.S. New York, NY (June 19, 2020) – Jencap Holdings (Jencap), a specialty insurance business, announced today that it has agreed to acquire...
Bouncing Back: Why Your Client Needs A Return To Work Program
Return to work programs are critical for protecting businesses from exposure and ensuring a clear path forward for injured workers. Without a Return to Work (RTW) program, your client risks major expenses from compensation claims as well as the loss of talented team...
4 Things Your Client Must Know about Contractor General Liability Insurance
For businesses that utilize subcontractors, Contractor General Liability (CGL) insurance is an absolute necessity. If a subcontractor hired by your client’s business causes damage, your client’s business can be on the hook for financial compensation to the injured...
Come Fire or Flood… Why You Need Dealers’ Open Lot Insurance
Dealers Open Lot insurance is essential for used auto dealers. Without it, businesses could end up on the hook for large losses if damage is caused to their fleet of vehicles. How does dealers' open lot insurance work? Dealers Open Lot (DOL) insurance provides auto...
When the Bull Sues the China Shop
If your client doesn’t have product liability insurance for their business, they shouldn't be in the business of creating products. Sounds like a bold claim, doesn't it? But let’s examine the facts as to why: In the event of an accident, it is up to the court to...
The Difference Between Excess and Umbrella Insurance
Businesses across all industries should be operating with adequate liability insurance coverage. This insurance helps these businesses pay for damages, which is money that is paid out to anyone who is injured in some way and for the expenses associated with the claim....
A Closer Look at Punitive Damages
Depending on what part of the country your clients live and work in, most states allow punitive damage insurance coverage. The issue of whether or not to insure punitive damages has been the source of some confusion and frustration. But before more confusion is added...
Why Workers’ Compensation COI Programs are Essential for Construction Clients
Certificates of Insurance programs are the cornerstone of Workers’ Compensation protection in the construction business. A Certificate of Insurance (COI) is a form that provides proof of an active Workers’ Compensation policy. The document specifies a variety of...
TRENDS & WHITE PAPERS
Cracking the CAT Modeling Code
As storms grow more unpredictable, the insurance industry is reassessing how we analyze and underwrite property risks.
TRENDS | Q1 2025 | 17 MINUTES
Is Going Green Good?
TRENDS | Q3 2024 | 3 MINUTES
Chronicles of Casualty
VIDEO SERIES | Q1 2024 | 46 MINUTES
Navigating the New Frontiers of Professional Lines Insurance
CASE STUDIES | Q1 2024 | 9 MINUTES
Preparing for The Future of Cannabis Insurance
WHITE PAPER | Q2 2023 | 7 MINUTES
Your Guide to Cannabis Insurance
TRENDS | UPDATED Q2 2023 | 6 MINUTES
How Climate Change is Shifting the Insurance Industry
WHITE PAPER | Q3 2022 | 17 MINUTES
Garage Gurus: Garage Coverage Explained
TRENDS | Q2 2022 | 5 MINUTES
Riding The Waves of Change Insurance Industry Outlook
WHITE PAPER | Q1 2022 | 3 MINUTES
PODCASTS
Hosted by Jencap’s Managing Director of Marketing, Kathryn Smith, Flip the Cap is the podcast where insurance insights flow and trending topics are always on tap!
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