In fact, California insurance professionals and agents do a lot to present a certain image to the public. Mainly because the insurance specialist initiates contact with a potential client, identifies the prospect’s need for insurance, recommends a proposed plan and then implements it. The first impression is always the same.
Along with the opportunity to establish a long-term relationship with the client, the first impression becomes even more important.
The California agent represents an industry full of technical know-how. Public perception will be severely tainted by unethical clients. The insurance professional has two primary ethical responsibilities to the public:
* inform the public about insurance with the utmost professional integrity; And
* Strive for the highest level of professionalism in all public communications in order to create and maintain a strong positive image for the industry.
We’ll focus on the responsibilities outlined above and look at some of the unethical practices that have tarnished the industry. We will also discuss property and casualty insurance, and the way it is marketed to the public.
California property and casualty insurance coverage
A California agent may also sell multi-line policies or package policies that combine property and liability coverage.
Finally, the agent may sell fidelity and surety bonds that provide protection to the insured against loss caused by dishonest or fraudulent actions of employees or that offer monetary compensation in the event that the pledgee fails to perform certain tasks. is unable to do, such as completing the construction of a building.
California property and casualty insurance is typically classified by several major categories: fire and allied lines, marine insurance, casualty insurance, multiline insurance, and fidelity and surety bonds. California property insurance, like fire insurance or homeowner’s policies, covers loss or damage to real property or personal property caused by fire, lighting, or other covered perils.
California marine insurance (also called transportation insurance) covers goods in transit against risks related to transportation, whether the goods are shipped via land (inland maritime) or water (oceanic maritime).
The broad area of insurance called casualty insurance includes almost everything that is not covered by fire or marine insurance: auto, general liability, burglary and theft, workers’ compensation, glass coverage and other miscellaneous lines.