Welcome to Stuckey & Co.
Welcome to Stuckey - Can We Help?
service-herobanner.jpg

BLOG

Stuckey & Company Blog
ASK US A QUESTION

Empowering Agents with EZConnect

By: Maggie Hammett | Posten on: Jan 16, 2015 9:52:52 AM

icon-safetytek-logo 

Stuckey & Company's professional liability team is giving agents the tools they need to satisfy technology clients with a 24/7 online access rating system.  

 

Agents, you can build up your technology E&O book of buisness by having a rating tool always at your fingertips:
  • Speed up turnaround time
  • Increase close rate
  • Simplify submission process
  • 24/7 Access 

 Although we are empowering our agents with an advanced technology online rating system. Stuckey & Company is an MGA and our committment to helping agents serve their customers efficiently and profitablity has not changed.  You can still expect expert advice when you need it.  Contact us at 800-828-3452 x 121 for your exclusive access.

 

Topics: it insurance, technology E&O, data loss insurance, technology insurance, professional E&O, professional liability, IT E&O, Licensed Agents

Streamling Professional Liability for the Technology Industry.

By: dwight stuckey | Posten on: Sep 11, 2013 10:52:00 AM

safetytek highres2

The new SafetyTek process simplifies Quoting, Billing and the Renewals Process.

As Technology continues to grow and strengthen as a major differentiator for main street businesses, SafetyTek remains a leading insurance program to manage the industry risks.  SafetyTek  provides professional liability to a wide array of technology centric classes from Mobile Application Development to Financial Funds Transfer.  Now, the SafetyTek Program’s streamlined underwriting process simplifies Quoting, Billing and Renewals.

 

For 18 years, Stuckey & Company has managed the Technology Insurance Program for ACE USA, rated A + XV by AM Best.  Over the 18 years we have introduced many changes, including:  an nationwide admitted product, increased coverage to a Multiple Insuring Agreement, combined multiple coverages into one “SafetyTek Endorsement” providing more savings, and now we are introducing online credit card payments and automatic renewals.

 

Secure, online credit card payments are now used on over 70% of our business offering a new level of simplicity for our agents and their insured’s.  Each quote that is generated out of our system includes a secure credit card payment link.  When clicked our customers are shown the coverage and payment option they have selected and given the ability to immediately process the online payment, all secured by authorize.net and Network Solutions.

 

Automatic Renewals will begin with coverage renewal dates of January 1, 2014.  With automatic renewals qualifying SafetyTek customers will not be required to complete a new application on the anniversary date of the coverage.   Instead, the agent will receive emailed notification of coverage renewal detailing policy terms and instructions on how to process payment.

 

Dwight Stuckey, President and CEO of Stuckey & Company, says he is proud to be one of a very limited number of companies offering this forward-thinking insurance process. “The SafetyTek Program is helping to support the people, companies and innovation that drive the technology industry,” he says. “From the critical R&D companies looking at next generation technologies to the next mobile application designed for our always on, anywhere connection to the world”

 

The SafetyTek Program is available to licensed agents who register with Stuckey & Company as a licensed agent. (Agents can register online at http://www.stuckey.com/forms/register_agency.php.) Stuckey & Company has in-house binding authority on all lines that qualify, and offers quick turnaround on quotes, generally within 48 hours. The program is licensed in all 48 mainland states. For more information, visit http://www.stuckey.com/safetytek/technology/technology-insurance.php.

 

About Stuckey and Company

Stuckey & Company is a specialty insurance provider based in Lake St. Louis, Missouri. For 22 years, Stuckey has offered commercial, professional and personal lines of insurance. Stuckey & Company’s network of more than 8,500 licensed agents has the knowledge and experience in dealing with specific coverage not typically covered under standard policies. As one of the fastest-growing specialty insurance providers in the U.S., Stuckey & Company offers E&O coverage to over 150 classes in sectors that include technology and IT consulting, accounting and financial services, government services, media, laboratories and education. In addition to Stuckey & Company’s Tek Division, the company offers professional liability insurance to Architects and Engineers through the Aspire A&E Insurance Program. For information on the SafetyTek Insurance Program from Stuckey & Company, call Maggie Hammett at 1-800-828-3452 x 21.

 

Topics: mga, safetytek, it insurance, TECHNOLOGY, technology E&O, data loss insurance, data loss risk, mga insurance, IT E&O, technology insurance, professional liability, commercial lines insurance, cyber liability insurance, Stuckey & Company, TECHNOLOGY

Insurance and Technology: A Quick Primer

By: Elizabeth Sedlock | Posten on: Apr 20, 2012 11:02:00 AM

Lots of companies know that they need technology insurance but many are confused about the types of policies available from different technology insurance companies.  So, what do these companies really need to know about insurance and technology?

As an insurance agent, your job is to direct clients to the right insurance product for their needs.  To do that, you need to educate your clients about each type of product, from specialty insurance products to standard BOP and workers comp products.  For technology insurance, this is especially important since insurance and technology have only become truly tied together in the last 20 years.

Below are basic definitions of the two main types of technology insurance products available today.

1. Technology professional liability insurance (also known as tech insurance, IT insurance, information technology insurance, technology business insurance, technology errors & omissions, technology liability, and many, many more): As you can see from the list, there are many different names used for technology professional liability insurance.  This problem only adds to your client's confusion.  In general, when an underwriter uses the term, tech insurance, they are referring to professional liability insurance for IT/technology professionals.  This type of insurance encompasses the errors and omissions committed during a job or protects a company from charges of professional negligence or failure to perform their professional duties (either actual or alleged).

2. Cyber liability insurance (also known as cyber insurance, data breach insurance, network security insurance, network insurance and privacy insurance, hacker insurance, data loss insurance): Cyber liability insurance is designed to protects companies from the risks associated with doing business using the Internet, e-business, network security and data breach.  For all intents and purposes, it protects a company from unwanted or unintended cyber activity, from a hacker stealing sensitive data to an employee unwittingly passing a virus on to a client.

We like to simplify the difference by saying that technology professional liability insurance is specifically for any company doing business in the technology industry and cyber liability insurance is for every other company.  For more information on technology professional liability insurance products, please contact Maggie about SafetyTek and for more information about cyber liability insurance, please contact Chris.

Topics: safetytek, technology E&O, data loss insurance, technology insurance, cyber liability insurance

Cyber Liability vs. Technology Professional Liability Insurance

By: Elizabeth Sedlock | Posten on: Apr 11, 2012 10:48:00 AM

Many people confuse cyber liability insurance and technology professional liability insurance.  Learn more about the difference!

First, let's define technology professional liability.  Technology professionals comprise organizations that develop and implement technology for both consumers and businesses.  For example, a technology professional could be a software developer, a microchip designer or an IT consultant.  Technology professional liability is designed to cover specifically the errors & omissions of these types of organizations only. 

Cyber liability, on the other hand, is liability coverage designed for all businesses and specifically focuses on covering those businesses from cyber risks, including data breach, first and third party risks associated with e-business, the Internet, etc.

To learn more about our SafetyTek technology professional liability coverage, you can email Maggie Hammett or visit the SafetyTek information page.

START QUOTING NOW! For applications and forms, click here.

Topics: TECHNOLOGY, technology E&O, technology insurance, cyber liability insurance

What kind of company needs cyber liability insurance coverage?

By: Elizabeth Sedlock | Posten on: Apr 6, 2012 3:27:00 PM

It is easy to say ‘everyone needs it’ from a marketing standpoint, but this is one of those coverage types where that statement is true.  It is 2012.  Business is done electronically. Data is stored (or at least routed/transferred) in almost every type of transaction. Third party payment processors are utilized. Medical providers are switching to electronic records. People run companies from smartphones and laptops and tablets.  Certainly some companies have MORE exposure that others, but one simple data breach (not necessarily a hack where data is stolen, but a simple breach) can bankrupt a small company because of the state-by-state notification laws. The expenses from this alone can be astronomical.

Cyber Liability InsuranceEVERY company should have a cyber liability insurance policy as part of their business plan.  A good coverage will address not only the cost of notification expenses, but PR campaigns to help the company in the face of a crisis event, many types of breaches.

The one thing we often see with this coverage is small companies with an ‘it won’t happen to me’ mentality.  This is the most dangerous attitude a small business owner can have.  To give you some perspective, let’s look at Sony.  We are all familiar with the Sony PlayStation network interruption that took place about a year ago.  Sony is a global technology company that spends billions annually on protecting itself from digital danger, and they still suffered one of the largest data intrusions in history. If someone can do this to Sony, a corporate giant that has an inordinate amount of security resource available, what COULD they do to a small business?

Here’s an even scarier situation.  Most people envision data breaches being perpetrated by an evil computer hacker but what about the people around you?  Here is an example: a business owner calls the exterminator because he saw a nasty cockroach in the kitchen.  The exterminator shows up on Tuesday as scheduled but, little does the business owner know, in his van is a small device (that can be purchased at RadioShack) to hack into the company’s network.  He comes to the lobby, identifies himself as the exterminator, and does his job.  Now he has FULL access to the facility.  Someone with technical knowledge can be hack into a company’s network in a matter of minutes and the owner just let him in!  He wasn’t the big bad computer guy.  He was the smiling hero; there to rid the kitchen of infestation but, boom, the company just got hacked.

Now, that scenario is rare but it happens and many times, even though a network is hacked, there may not be any actual criminal activity that comes from it.  Unfortunately, though, it can happen and your client can be held responsible.  Each state has their own notification laws that can require varying degrees of action.  On average, it is estimated that a single data breach can cost a company as much as $250 per PII (personally identifiable information).  The point is that cyber liability exposure is everywhere, but it isn’t always the Hollywood villain that is sitting in a dark basement with 20 computers that companies need to be worried about.  Just ask your clients to examine their exposure… how ‘secure’ are their buildings? Just ask the exterminator; he probably can answer better than anyone else… scared?

 

Topics: data loss insurance, technology insurance, cyber liability insurance

How to Sell Miscellaneous Professional Liability

By: Elizabeth Sedlock | Posten on: Feb 16, 2012 3:22:00 PM

Miscellaneous Professional Liability (MPL) insurance offers protection for the errors and omissions (E&O) committed by professional service providers while delivering fee-based professional services.  Different than general liability (GL) policies, MPL covers the professional services rendered as well as the actual business. 

Almost every professional service provider, from dog groomers to court reporters to CAD designers, needs MPL coverage.  There are more than 350 hazard classes currently offered under the miscellaneous professional liability insurance umbrella.  As an agent, it can be difficult to properly focus marketing and sales efforts on professional liability as a whole.  That is why we recommend segmenting your activities monthly by specific classes. 

Professional Liability Insurance

For example, tax season is right around the corner.  Did you know that a tax professional can be held responsible for any IRS-assessed penalties and interest the client was charged during an audit?  In March and April, that professional liability message is particularly effective with your CPA and tax professional clients.  June is wedding season.  Did you know that the cost of weddings has risen by 22% annually for the last two years?  People are spending $25,000 on average for a wedding.  As the amount of money spent increases so does the number of wedding planners targeted for lawsuits.

Below is a suggested calendar for marketing miscellaneous professional liability to your clients.  We will be sending out information every month on the spotlight class to help you better sell to those clients.

MARCH: Accountants (CPAs, Bookkeepers, etc.)

APRIL: Marketing / Advertising

MAY: Event Planners

JUNE: Travel Agents

JULY: Real Estate Agents

AUGUST: Technology Professionals (IT Consultants, Software Designers, etc.)

SEPTEMBER: Medical Risk Professionals (Nurse Staffing, Labs, Imaging Facilities, etc.)

OCTOBER: Architects & Engineers

NOVEMBER: Animal Services (Kennels, Groomers, Dog Sitters, etc.)

DECEMBER: Legal Professionals (Lawyers, Paralegals, etc.)

 

Topics: safetytek, Miscellaneous Professional Liability, Management Liability, employers liability insurance, technology E&O, Stuckey & Co., technology insurance, professional E&O, professional liability, MPL

January 2012 Agent Alert - Stuckey & Company

By: Elizabeth Sedlock | Posten on: Jan 31, 2012 10:10:00 AM
Stuckey Agent Alert
Safety TekAspire A&EHarbor GuardMPLElementServicerProPersonalCommercial
 

Improve Your SEO: Write a Blog

As you know, improving your SEO is important for every business.  Visilibity is the key to increasing sales and growing your agency's reputation.  Writing a blog and gaining new inbound links to your site can make a huge difference to your overall SEO.

Meanwhile, Stuckey & Company is interested in helping educate the market and needs experts to write about agency issues, demands and experiences.  That is why we would like to invite you, our agents, to contribute to our blog.  For every article you write, we will post to our blog and provide a direct link to your website.  Likewise, we would love for you to link to our blog and our corporate site.

Here's the kicker: we'll pay you a modest marketing fee for each article we use! Contact Elizabeth Sedlock to get started today.


New People to Help You in 2012  

Andrew Wischmeyer

Position: MPL Underwriter  

Andrew Wischmeyer - MPL UnderwriterResponsibilities: Quote and underwrite MPL lines of business

Joined Stuckey & Co.: January 2012

Interesting Fact: Holds both private and instrument pilots licenses

Contact Information: andrew@stuckey.com, (800) 828-3452 *28

April Moore

Position: Endorsements

Responsibilities: Policy service to include endorsement processing

April Moore - EndorsementsJoined Stuckey & Co.: December 2011

Previous Experience: Marketing Coordinator from 2007-2011. @ KnowledgeLake, Inc. Specialized in Enterprise Content Management (Document Imaging & Capture)

Interesting Fact: Shoots competitively with a .45 ACP hand gun. (sport)

Contact Information: april@stuckey.com, (800) 828-3452 *19


SafetyTek Accepts Credit Cards

Offer Your Insureds Easy, Free Credit Card Payment Option!

We know that our success depends on yours. That is why we continue to offer you new ways to service your insureds, like the SafetyTek technology E&O liability insurance program's new credit card payment option.

There are no fees and credit cards are processed electronically using the authorize.net payment processing system.

To customize the payment page for your agency, email Maggie Hammett the following:

  • A copy of your agency logo.
  • Your customer service phone number.
  • Your customer service email address.

Find out more about the SafetyTek credit card page.

START QUOTING NOW! For applications and forms, click here.


What is Data Breach?

Now Offer Your Small Business Customers This Specialized Coverage

What is data breach?  According to GAO, "data breach generally refers to an organization’s unauthorized or unintentional exposure, disclosure, or loss of sensitive personal information, which can include personally identifiable information (PII) such as Social Security numbers (SSN) or financial information such as credit card numbers"

Today, more and more businesses are storing and electronically sending sensitive data about their customers and employees.  In additon, there are more and more regulations requiring businesses to advise customers and employees if personal information has been revealed.  That makes data breach a serious issue for small businesses, where the majority of breaches have been reported.

Data breach can occur as simply as an employee losing a laptop.  Depending on the amount of PII on the laptop, a small accident can cost a business more than $20,000 in data breach alone.  Just last week, Zappos announced that personal information for close to 24 million customers might ahve been compromised by a hacker.  Imagine the cost of the same breach to a small business!

Find out more about helping protect your small business clients from data breach exposure and other cyberliablity risks.

 Contact Kyle Dallavis to learn more.

 
Inside This Issue
 

Improve Your SEO: Write a Blogdiv
New People to Help Youdiv
SafetyTek Accepts Credit Cards
div  What is Data Breach?div

 
footer

NeedHelp
 

Top Tips

Did you know?

1. Commercial general liability does NOT cover technology E&O libability.  Your clients in the technology industry need both.  SafetyTek is a great option to examine.

2. The average homeowner's policy liability limit is $500,000.  Is that enough to cover major accidents for your high net worth clients?  Probably not.  Look into umbrella policies as a way to offer higher limits (up to $50 million in some cases).

3. There are more than 300 hazard classes covered under miscellaneous professional liability (MPL).  The top 5 most requested classes are:

-Mgmt. Consultants

-Marketing/Advertising

-Medical Billing, Coding, Transcription

-Translators/Interpreters

-Animal Services (training, kenneling, grooming, etc.)

 


Kudos
 

"Thank you for the fine, fast work you did on this new account, I can always count on Stuckey to do a good job for me."

-- Jerry Freis, Hatcher Insurance Inc.

 
 


NeedHelp
ContactTwitterLinkedIn
 

800.828.3452

info@stuckey.com
 
 
Partner LogosMaking it Happen

Topics: affinity insurance program, Stuckey & Company, stuckey and company, mga, it insurance, Miscellaneous Professional Liability, Management Liability, TECHNOLOGY, TECHNOLOGY, technology E&O, Stuckey, Stuckey & Co., stuckey and company, Stuckey and Co., mga insurance, IT E&O, technology insurance, agent alert

SafetyTek Technology E&O Liability Program Accepts Credit Cards

By: dwight stuckey | Posten on: Jan 20, 2012 10:53:00 AM

We know that our success depends on yours. That is why we continue to offer you new ways to service your insureds.  For example, this week, we announced that the SafetyTek technology E&O liability insurance program is now accepting credit card payments. 

The new credit card payment option is FREE and customizable so you can make a payment page that looks like it comes directly from your agency/brokerage instead of from a third-party partner. There are no fees and the payments are processed electronically using the authorize.net payment processing system.  Find out more about the SafetyTek credit card page.

Stuckey Credit Card Page

To learn even more the new SafetyTek credit card payment option, you can read the press release on PRWeb.


 

Topics: speciality insurance, Stuckey & Company, stuckey and company, specialty insurance, safetytek, it insurance, TECHNOLOGY, TECHNOLOGY, technology E&O, Stuckey, Stuckey & Co., stuckey and company, Stuckey and Co., data loss insurance, data loss risk, IT E&O, technology insurance

January Specialty Insurance Webinars -- Stuckey & Co.

By: Elizabeth Sedlock | Posten on: Jan 17, 2012 1:30:00 PM

Please join us for our upcoming January webinars.

January 19: New Agent Webinar

We like to welcome all our new agents to Stuckey & Company.  Every six months, we host a New Agent Webinar to help our new agents and brokers learn about our easy quoting and application systems as well as information on coverage options.  If you are not registered as a Stuckey agent, you can register at our Agent Registration page.

Register here.

January 26: SafetyTek Technology E&O Webinar

Did you know that Technology Errors and Omissions insurance coverage is NOT provided by a Commercial General Liability policy?  Learn all you need to know to grow your existing technology E&O business or jumpstart a new program.  This webinar will focus on the types of coverage offered by SafetyTek Technology E&O and the reasons your clients might need this type of specialized liability coverage.

Register here.

Topics: speciality insurance, Stuckey & Company, stuckey and company, specialty insurance, safetytek, it insurance, EPL, TECHNOLOGY, TECHNOLOGY, technology E&O, Stuckey, Stuckey & Co., stuckey and company, Stuckey and Co., data loss insurance, data loss risk, IT E&O, technology insurance

LEAVE A COMMENT

Latest Posts

Stuckey & Co