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Insurance is often described as a promise to perform. At its core, insurance is a contract between an individual or entity (the policyholder) and an insurance company. This contract is based on trust and the expectation that, in the event of a covered loss or occurrence, the insurance company will fulfill its promise to provide […]
There are several red flags that can weaken the value of an insurance agency. Potential buyers or investors often look for healthy and well-managed agencies to acquire, and these red flags can signal issues that might deter them. Here are some key red flags to watch out for: Declining Financial Performance: Consistent declining revenue, decreasing […]
The partnership between an insurance agent, an insurer, and a client is one of the most important in the industry. Carriers and the underwriters create policies and take on risks for insureds, whereas brokers assist their clients in finding the best insurance policies and carriers for their needs. The independent agent and broker are the […]
Navigating the Pitfalls: Concerns with Automated Claims Services from Insurers In recent years, the insurance industry has witnessed a significant transformation driven by technology. One of the most notable advancements is the integration of automated claims services, promising efficiency, speed, and cost savings for both insurers and policyholders. While these automated processes undoubtedly have their […]
In the ever-evolving landscape of technology, artificial intelligence (AI) has emerged as a transformative tool in various industries. One sector where AI’s impact is particularly significant is human resources, where AI programs are increasingly used by employers for tasks such as recruitment, hiring, and performance evaluation. While these AI-powered tools promise efficiency and objectivity, there […]
You may not be aware of all the underlying aspects that influence the cost of your insurance coverage. You might question why insurance is so expensive when attempting to compare prices. Prices might vary significantly from one company to another. There is not doubt premiums are going up and coverage is changing. Trends we are […]
Crime insurance and cyber insurance are two types of insurance policies that provide coverage for different risks, but there can be some areas of overlap between them. Here’s a breakdown of what each type of insurance covers and where they may overlap: Crime Insurance Crime insurance, also known as fidelity insurance or employee dishonesty insurance, […]
Insurance companies have relied on data to set their rates for years, but with the advent of advanced technology, insurers can now gather and analyze more data than ever before. While the use of technology to set rates has its benefits, there are also several problems associated with this practice. We will show you how […]
As an insurance agent, there are several essential services you should provide to your clients. Here are five important services that insurance agents typically offer: Policy Evaluation and Recommendation: Insurance agents should assess their clients’ insurance needs and evaluate their current policies. They can then provide recommendations for appropriate coverage based on the client’s specific […]
Operating a business involves managing a multitude of moving parts, and with it comes inherent operational risks. These risks, if not effectively addressed, can disrupt the smooth functioning of your business and impede its growth. In this blog post, we will delve into the top three operational risks faced by business owners and explore strategies […]
Reichley Insurance
2440 Dayton Xenia Road
Beavercreek, OH 45434
Phone: (937) 429-0655
Fax: (937) 426-4642
Monday through Friday 8:00 am ‑ 5:00 pm
After hours and Saturdays by appointment only
