Over the last several years the MIIAB staff has been asked by many members about what is required to provide to their insureds when they are offering additional services. Here is a link to the MN statute that explains the types of disclosure you must provide to your clients if you are offering fees for additional services to your clients.

MN Statute 60k.46

Also, our corporate counsel, Chris Stall from Moss & Barnett, reviewed this statute and provided our members with a “DISCLOSURE, ACKNOWLEDGEMENT AND AGREEMENT” that you could consider using if you are charging additional fees for services on policies for your clients.  

I am providing you with a link to a fillable document that you could use as you see fit.

DISCLOSURE, ACKNOWLEDGEMENT AND AGREEMENT

If you have any additional information or a model disclosure that you use, I would be happy to put it on file to share with other agents who are looking for this type of agreement.

You may be familiar with the statistic that 70% of family businesses don’t make it to the second generation. The big question is: how can you beat these odds?  

Family members need to learn some basic cultural attitudes. They need to know that they’re part of something bigger than themselves. They need to know that they can’t always be right. They need to learn that being a member of a family business sometimes requires sacrifice.  

The biggest reason that business families fall apart is that the family hasn’t developed the kind of culture that supports keeping the family business in the family. Families that leave this to chance rarely make it to the next generation.

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I don’t understand what happened. He interviewed so well. But it’s six months later, and it’s obvious. He’s not a good fit.

We should have known better. She’s just not detail oriented, and this job requires a lot of repetitive work. She’s a creative, she’s bored, and she’s leaving. I wish we had somewhere we could use her talents, but we don’t.

Why do we have such a hard time getting on the same page? We rarely agree on who to hire when we have a new position, and from day one it seems as if only half of us are invested in a new hire’s success. It’s just sad. We could do better. We need to do better.

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One of the many honors in my career as serial entrepreneur, author and keynote speaker has been my involvement as a keynote speaker at several national and international Ernst & Young (EY) Entrepreneur of the Year Awards, a global competition that fuels and celebrates innovative business thinking. The annual awards were started in Milwaukee, Wisconsin, in 1986 and have now been run in all 50 states and more than 60 countries. 

What began as one award that first year – to Scott McNealy of Sun Microsystems – the EY-sponsored competition now averages 400 recipients annually and has been awarded more than 10,000 times. Despite the singular name “Entrepreneur” of the Year, the award is actually plural, with multiple winners each year in recent history.

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