Welcome!Insurance 101

Presenter:

Becki Wall-Liebergot, CIC, CISR

National Accounts Division Team Leader

Moody Insurance Worldwide

bwall@moodyinsurance.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

customerservice@moodyinsurance.com

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.