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What is a Managing General Agent (MGA) in Insurance?

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A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

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Hotel Primary Insurance: A Check-In to Success for Insurance Brokers

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Ready to boost your expertise in Hotel Primary Insurance? If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. Underwriters with hospitality industry knowledge and expertise. A: Yes, on a base by case basis.

Insiders

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Fine Art & Collectibles Insurance: Q&A For Brokers

Distinguished

If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. Hear directly from our underwriters on how Distinguished can help you win business and deliver superior service to your clients. Access the full recording now!

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Broker FAQ: How to Bind a Quote for City and New York Brick & Brownstone Programs

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However, if the quote includes pre-bind subjectivities (other than a signed application), your bind request will be referred to underwriting. P.S. For eligible City Insurance accounts, dont forget to secure an umbrella policy for your insured! Click here for a PDF version of this information.

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Builder’s Risk Insurance in Alabama: A Broker’s Guide 

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However, every project is different, so underwriters will determine the final cost of a policy based on the following factors: Location : Construction sites near bodies of water, in higher crime areas, or that include some other unique risk factor would increase the cost of the policy.

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