California casualty insurance professionals and agents have a heap to do with the projection of a positive image toward the public. Mainly because of the insurance skilled initiates contact with a chance, determines the prospect’s need for insurance, recommends and then implements the proposed arrange. The first impression is usually the first lasting. Coupled with the opportunity for an extended-lasting relationship with the client, the initial impression becomes that much more essential.
The California agent represents an industry that’s loaded with technical information. Unethical agents can severely hamper public perception. The insurance professional has two basic ethical responsibilities to the public:
- To inform the public about insurance with the utmost, highest level of professional integrity; and
- To strive for the very best level of professionalism in all government contracts to form and maintain a strong positive image of the trade.
We can target the high responsibilities and look at some of the moral practices, which have tarnished the business. We will conjointly discuss property and casualty insurance, and the means it’s marketed to the public.
California Property and Casualty Insurance Coverage
Several major lines usually classify California Property and Casualty insurance: heart and allied lines, marine, casualty, multiple line insurance and fidelity and surety bonds. California Property insurance, like fire or homeowner’s policies, covers the loss or harm to property or personal property from hearth, lighting or alternative covered perils. California Marine insurance (also known as transportation insurance) covers merchandise in transit against real risks related to transportation, whether those commodities are shipped over land (inland marine) or water (ocean marine).
A broad field of insurance called casualty insurance encompasses almost everything not lined by heart or marine insurance: automobile insurance, general liability, burglary and theft, worker’s compensation, glass coverage and different miscellaneous lines
The California agent may also sell multiple-line or package policies that mix property and liability coverages. Finally, an agent might sell fidelity and surety bonds that provide the insured with protection against losses caused by the dishonest or fraudulent acts of staff or that offer financial compensation in the case of a bonded person’s inability to perform certain actions, such as the completion of the development of a building.