California insurance professionals and agents have a lot to do with the projection of a sure image toward the public. Mainly because of the insurance professional initiates contact with an opening, determines the prospect’s need for insurance, recommends and then implements the proposed plan. The first impression is always the most lasting. Coupled with the opportunity for a long-lasting relationship with the client, the first impression becomes that rather more essential.
The California agent represents an industry that is loaded with technical information. Public perception will be severely hampered by unethical agents. The insurance professional has two basic ethical responsibilities to the public:
- To tell the public regarding insurance with the utmost, highest level of skilled integrity; and
- To try for the best level of professionalism in all public contacts to form and maintain a strong positive image of the industry.
We can specialize in the on top of responsibilities and study some of ethical practices, which have tarnished the business. We can conjointly discuss property and casualty insurance, and the way it’s marketed to the public.
California Property and Casualty Insurance
California property and casualty insurance is typically classified by several major lines: fireplace and allied lines, marine, casualty, multiple line insurance and fidelity and surety bonds. California property insurance, like fire or home-owner’s policies, covers the loss or injury to realty or personal property from hearth, lighting or other covered perils. California marine insurance (additionally known as transportation insurance) covers goods in transit against pure risks related to transportation, whether those products are shipped over land (inland marine) or water (ocean marine).
A broad field of insurance called casualty insurance encompasses virtually everything not lined by fire or marine insurance: automobile insurance, general liability, burglary and theft, employee’s compensation, glass coverage and other miscellaneous lines
The California agent might also sell multiple-line or package policies that mix property and liability coverages. Finally, an agent could sell fidelity and surety bonds that provide the insured with protection against losses caused by the dishonest or fraudulent acts of employees or that give financial compensation within the case of a bonded person’s inability to perform certain acts, like the completion of the construction of a building.