This document is provided for informational purposes only and is intended to facilitate your understanding of the subject matter presented. It is not a legal contract, policy, or guarantee of coverage or outcome. Any descriptions of coverage, services, or terms are subject to the actual policies, contracts, or agreements, including all applicable terms, conditions, limitations, and exclusions. Please refer to the applicable governing documents for complete details, which are available upon request.
Policy Summary
This document is provided for informational purposes only and is intended as a brief summary of policies in force. It is not a legal contract, policy, or guarantee of coverage or outcome. Any descriptions of coverage, services, or terms are subject to the actual policies, contracts, or agreements, including all applicable terms, conditions, limitations, and exclusions. Please refer to the applicable governing documents for complete details, which are available upon request.
Program Summary
This document is provided for informational purposes only and is intended to facilitate your understanding of your insurance program through a visual display. Limits may not apply separately to each coverage. Any descriptions of coverage, services, or terms are subject to the actual policies, contracts, or agreements, including all applicable terms, conditions, limitations, and exclusions. Please refer to the applicable governing documents for complete details, which are available upon request.
Coverage Analysis – Coverage Overview
This document is provided for informational purposes only and is intended to facilitate your understanding of the subject matter presented. Any descriptions of coverage, services, or terms are subject to the actual policies, contracts, or agreements, including all applicable terms, conditions, limitations, and exclusions. Please refer to the applicable governing documents for complete details, which are available upon request.
Deductible Schedule
This document is provided for informational purposes only and is intended to facilitate your understanding of the subject matter presented. It is not a legal contract, policy, or guarantee of coverage or outcome. Any descriptions of coverage, services, or terms are subject to the actual policies, contracts, or agreements, including all applicable terms, conditions, limitations, and exclusions. Please refer to the applicable governing documents for complete details, which are available upon request.
A.M. Best Rating
It is Holmes Murphy’s policy to place coverage with carriers who have a secure financial strength rating. A.M. Best Company is a leading provider of insurer ratings of a company’s financial strength and ability to meet its obligations to policyholders.
A.M. Best’s Rating is an independent opinion, based on a comprehensive quantitative and qualitative evaluation, of a company’s balance sheet strength, operating performance, and business profile. Best’s Ratings are not a warranty of a company’s financial strength and ability to meet its obligations to policyholders. This is a brief description of A.M. Best Ratings and their meanings:
For complete information on A.M. Best, please refer to their website: www.ambest.com
Insurance Company Obligations
As your insurance agent/broker, generally Holmes Murphy has access to many insurance companies to place your coverage. We have obligations to you as the purchaser and to the insurance company as determined in both statutory and case law. We may have authority to obligate the insurance company on your behalf. As a result, we may be bound by the terms of our agreement with the insurance company.
Compensation
We typically receive compensation from the selling insurance company based on the agreement Holmes Murphy has with the company. That compensation may vary from company to company and be impacted by the volume of business Holmes Murphy has with them, the profitability of that business, and other factors. You may receive information about our compensation on any of the policies proposed by us, by asking us for the information.
Certificate of Insurance/Contract Review Disclaimer
Issued Certificates of Insurance represent coverage currently in effect and may or may not be in compliance with any written contract. Any descriptions of the insurance coverage are subject to the terms, conditions, exclusion and other provisions of the policies and any applicable regulations, rating rules or plans.
We at Holmes Murphy use an automated system for issuing Certificates of Insurance. The benefits to you and your customers are the capability to produce certificates promptly and our advanced automated tracking system. To ensure prompt and accurate delivery of your certificate, please provide an e-mail address for all certificate holders. If you do not have an e-mail address, please provide fax numbers as this will also expedite the delivery.
Our review of or comments made regarding any contracts, agreements, or other legal documents is provided for your information only and should not be relied upon by any third party for any purpose, including, but not limited to, as a comprehensive representation of your insurance exposures or coverage. Our analysis provided is not a guarantee or a determination of coverage on behalf of you or any third party. Any statements or descriptions regarding your current insurance coverage is subject to the terms, conditions, exclusions, and other provisions of the insurance policies as provided by the carrier and any applicable insurance regulations, rules, and plans, and ultimately may be adjudicated by a court of competent jurisdiction. Our review is not legal advice, nor does it constitute a legal opinion concerning any terms, conditions or obligations or the contract, including the insurance requirements provisions. You have the right to, and should, seek the advice of legal counsel at your own expense.
Third-Party Shared Resources
The information provided in this document is intended for use as a guideline and is not intended as, nor does it constitute, legal or professional advice. Holmes Murphy does not warrant that adherence to, or compliance with, any recommendations, best practices, checklists, or guidelines will result in a particular outcome. In no event will Holmes Murphy, or any of its subsidiaries or affiliates, be liable in tort or in contract to anyone who has access to or uses this information for any purpose. Holmes Murphy does not warrant that the information in this document constitutes a complete and finite list of every item or procedure related to the topics or issues referenced herein. All information contained in these documents have been compiled and obtained from sources believed to be reliable and credible but no representation or warranty, express or implied, is made by Holmes Murphy as to their accuracy or completeness. Furthermore, federal, state, provincial, municipal, or local laws, regulations, standards, or codes, as is applicable, may change from time to time and the user should always refer to the most current requirements. This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy or bond issued to you, nor is it a representation that coverage does or does not exist for any particular claim or loss under any such policy or bond. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy or bond provisions, and any applicable law.
Third-Party Data Sharing
The Holmes Murphy group of companies utilizes data in multiple ways in order to provide services to our customers. This may include sharing your data with third party vendors who can provide specified services which will enhance your customer service experience. Holmes Murphy has confidentiality provisions in place with all vendors to ensure that all customer data is protected and handled in a commercially reasonable manner. If you have any questions, please reach out to our data privacy team at [email protected] for further details. You can also find out more about the data we process, and how we collect, use, and store that data, in our privacy notice.
Anti-Money Laundering and Sanctions
It is the intention of Holmes Murphy to prohibit and prevent money laundering and any activity that facilitates money laundering or the funding of terrorist or criminal activities. We understand insurance regulations do not require insurance agents and brokers to establish anti-money laundering programs or to report suspicious transactions themselves.
We acknowledge an insurance company’s obligations and responsibilities related to anti-money laundering for certain “covered products”. Holmes Murphy primarily serves customers and insurance companies in the property casualty sector therefore, not involved with the identified “covered products” containing an investment feature as identified by the guidance.
We recognize agents and brokers have an important role to play in assisting insurance companies in preventing money laundering as agents and brokers are an integral part of the industry due to our contact with customers. Holmes Murphy will seek to adhere and comply with any necessary and reasonably requested requirements by its insurance company partners as it relates to their AML programs.
Holmes, Murphy and Associates, LLC is a member of the HMA Group Holdings, LLC brand family along with their subsidiaries and affiliates. Members of the brand family provide various insurance and risk management related services to commercial business and individual customers. For the purposes of clarity, all brand family members shall be referred to as “Holmes Murphy” herein.
