Chad is the Executive Vice President of Ross Nesbit Agencies, an Independent Insurance Agency with over 100 employees in 11 locations throughout Minnesota and Arizona. As Executive Vice President, Chad brings 18 years of experience in the areas of sales and marketing, organizational growth and operational leadership. Chad currently oversees the commercial operations at Ross Nesbit Agencies. Over his 18 year career Chad has helped develop risk management plans for many different industries and companies of all sizes. In addition to his agency responsibilities, Chad has served on various insurance company advisory boards regionally as well as nationally.
In his free time Chad enjoys Running, Golfing and spending time with his wife and three young children.
Underwriter
November 12, 2009
In this podcast we finally get to interview an underwriter to determine what they look at to assess the risk of a business for purposes of writing and pricing insurance policies. He teaches us that loss control systems, safety procedures and training does make a difference in the risk and the cost of insurance policies. He confirms that when working closely with an insurance agency to operate a business in the safest manner can have a direct impact on the cost of insuring against liability exposures.
Medicare
October 27, 2009
In this podcast we learn about the rules for Medicare insurance, who is eligible, what the various parts of the plan are for and how to deal with employees who are Medicare eligible and also covered under a business group plan. The size of the business in terms of employees comes into play when considering the priority of payment for claims between Medicare and group plans. The size of the business also comes in play in determining the method of pricing for the group health insurance as well.
Errors & Omissions Insurance
October 6, 2009
Chad explains the potential liability exposure that can hurt a business if something bad happens and there is no coverage. Errors & Omissions is a type of exposure that is not typically covered under your general liability insurance. We usually think of E & O coverage as something that Doctors, attorneys and accountants need to have. However is a coverage that all businesses should contemplate such as a trade business: contractor, plumber, electrician or HVAC firm in the instance of participating in the design of a system that ends up not functioning properly and leading to litigation. It should be considered by all businesses as he explains in this podcast.
Workers Compensation Insurance
September 15, 2009
Workers compensation insurance is administered on a state by state basis and has generally been enacted across the USA since 1949. This podcast explains how the premium is calculated using gross payroll, employee classifications and claims history. We discuss in detail how loss prevention techniques like drug testing, safety training, plant conditions, return to work plans and generally operating a safe business environment can help control the costs of workers compensation insurance.
