Welcome! Insurance 101 Presenter: Becki Wall-Liebergot, CIC, CISR National Accounts Division Team Leader Moody Insurance Worldwide email@example.com Phone (800) 966-0001 ext 3025 20251 Century Blvd, Suite 425, Germantown, MD 20874 | Phone 800-966-0001 | Fax 301-417-0040 | www.moodyinsurance.com
Insurance 101 Insurance considerations for new franchise owners
When searching for office space… Your location Lease requirements Coverage availability
When it comes to Automobile… Liability coverage drives premium Personally titled/registered vehicles MVR Review Employees driving their personal vehicles
When it comes to Workers Comp… Premium based on annual payroll estimate unless a pay-as- you-go option is available Auditable Classification 0917 - or something else? Owner coverage elections Experience rating NCCI or other state rating bureaus
When it comes to Crime / Bonding… Conviction requirement? Client agreement requirement? Criminal Background Checks – A MUST! What is a dishonest act?
When it comes to General Liability… Based on annual payroll estimate Auditable Coverage considerations Lease requirements
When it comes to Umbrella Liability… Often required for larger contracts or lease Recommended Umbrella versus Excess (follow form)
Some final thoughts… Stay in touch Befriend fellow business owners Locate nearby medical facilities within the preferred provider network Utilize carrier systems
Thank you! Moody Insurance Worldwide 20251 Century Blvd, Suite 425 Germantown, MD 20874 Toll-free 800-966-0001 firstname.lastname@example.org www.moodyinsurance.com The statements made in this presentation are general in nature and are for informational purposes only. For specific insurance coverage information, please consult your agent. Coverage availability may vary by state.