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Dependent Properties Time Element Coverage Definition

Known as Contingent Time Element coverage, payment for the loss of income or increase in expenses as a result of damage from an insured cause of loss to the premises of another organization upon which the insured depends, i.e., customer or supplier.


Insurance news courtesy of Program Business. Originally Published 12/03/2008

Call for Nominees

The quest to Soar to New Heights isn’t a one-person job. It takes the right combination of technology—and carrier partners who give you the tools to give your customers the speed, efficiency and service levels they deserve.

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The AMSUG’s Quantum Award gives you the opportunity to nominate and recognize those carriers who have gone the extra mile. This prestigious, one-of-a-kind award recognizes companies that create agent-company technology that significantly impacts the workflow, productivity and profitability for agents—and helps those agents offer outstanding service to their customers.

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If you know a company that offers real-world, working technology that has a measurable impact on your agency, nominate them for the Quantum Award today.

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The technology must be successfully deployed single-entry interface that incorporates ACORD standards and real-time programming. No “works in progress,“ please.

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Take a moment to recognize those carriers who help you provide the ultimate customer service experience. Nominate them for the Quantum Award, one of the most prestigious awards in the industry. Show them what they do is noticed, appreciated and applauded.


Submit your nomination today at www.amsug.org/Quantum.


Past Award Recipients:CNA, 2008Selective Insurance, 2007Safeco, 2006Encompass, 2005The Hartford, 2004Travelers & Michigan Ins. Co., 2003

Insurance news courtesy of Program Business. Originally Published 12/03/2008