InShare Services, Inc. Disclaimers
InShare Services, Inc. and all subsidiaries and affiliates (collectively referred to in this notice as “we”, “us”, or “our”) provide insurance brokerage services and sell insurance products and services. InShare Services, Inc. and its subsidiaries are collectively referred to in this notice as the “InShare”. “You”/”Your Company” refers to each of our customers or prospects who may engage us to provide services for or on your behalf, such as placing your insurance and/or providing you with insurance risk management or consulting products and/or services, and as otherwise allowed or required by law.
Accuracy of Information
Any quote is offered based upon exposures to loss known to InShare at the time of this quotation. If any information is inaccurate, the terms and conditions, premium, or even availability of the insurance summarized here may be subject to change. If you have changes in your business operations at any time, please notify us as soon as possible so coverage can be discussed. Changes in business operations can impact coverage availability and pricing.
Materials we present are intended as a summary only and do not include all the policy terms, conditions, limitations, and exclusions. Specimen copies are available for your review prior to the binding of coverage, upon your request. Please refer to your actual policies for specific coverage information. In the event of a discrepancy, the policy will supersede any other binder or specimen policy.
Requests to bind or change coverage or submit claims through email, voice mail or other means will not take effect until you receive written communication from your InShare representative confirming coverage is bound or that your claim notice has been submitted.
Although we may have quoted specific policy limits, higher limits of liability may be available. Please notify InShare if you are interested in higher limits.
Property Value Determination
Property value determination is ultimately the insured’s responsibility. Values should be reviewed for accuracy to avoid the possibility of being underinsured.
Premium Summary Disclaimer
Premiums may be subject to additional state taxes, surcharges or assessments, surplus lines taxes, and/or fees other than those shown above. Policy premium may also be subject to audit which could result in additional premium owed after the policy period concludes.
InShare Services, Inc. with affiliates and subsidiaries, including InShare, Inc., (collectively “InShare”). These entities are insurance producers licensed in accordance with respective state requirements. Insurance producers are authorized by their license to confer with insurance purchasers about the benefits, terms and conditions of insurance contracts; to offer advice concerning the substantive benefits of particular insurance contracts; to sell insurance; and to obtain insurance for purchasers. The producer may have access to more than one insurance company to place the purchaser’s coverage. The producer may have authority to obligate the insurance company on the purchaser’s behalf and as a result may be required to act within the scope of contractual agreements with the insurer. Compensation will be paid to the producer by the insurer or other third parties. Compensation may vary depending on several factors, including but not limited to, the insurer and the insurance contract the purchaser selects, the volume of business the producer places with the insurer, and the profitability of that business. In addition to the compensation received by InShare, other parties, such as excess and surplus lines brokers, wholesalers, reinsurance intermediaries, underwriting managers and similar parties (some of which may be owned in whole or in part by the InShare), may earn and retain usual and customary commissions or other compensations for providing insurance products to a Client/Insured under separate contracts with insurers or reinsurers. Such payments will not be considered as compensation to InShare and will not offset any compensation payable to InShare.
Additionally, there may be referral compensation shared within the InShare. Further, InShare may receive contingent or incentive payments or allowances from insurers or finance companies based on the size or performance of an overall book of business produced with them by the InShare. Also, expense reimbursements for travel or technology enhancements, salary offsets or de minimus gifts may be provided. InShare may also receive interest on premium being held prior to disbursement. Upon written request, InShare will provide to Client/Insured additional details and information about any and all compensation arrangements for insurance placed and/or quoted on behalf of the Client/Insured.
Named Insured Summary
Please check to ensure all Named Insureds are on your policy. If an entity is not listed (including partnerships, corporations, joint ventures, limited liability companies, individual proprietorships, etc.), they are not included as a Named Insured and may not have coverage in the event of a claim. We must be notified as soon as possible of the change in corporate structure, formation of new entities or purchase of new companies so that the insurance ramifications may be considered. Do not assume they are covered automatically.
Admitted/Surplus Lines/Guaranty Fund Data/Carrier Insolvency
The term admitted carrier refers to an insurer which has been approved or licensed by a given state insurance department to write business within that state. Such carriers are also referred to as authorized carriers. An authorized carrier is protected by the State Guaranty Fund should an insolvency (bankruptcy) of the insurer occur. The protection is subject to certain maximum per claim limits and other restrictions/limitations. To review the guaranty laws for your state of operation, go to the website, http://www.ncigf.org/.
A surplus lines carrier, also known as a non-admitted or unauthorized carrier, in a given state is not protected at all by the Guaranty Fund in that state should the carrier become insolvent. Nor has the policy wording or rates been reviewed by the Insurance Department of the State.
IT IS IMPORTANT TO KEEP IN MIND THAT AN ADMITTED OR SURPLUS LINES STATUS, AS WELL AS THE RESULTING APPLICABILITY OF ANY STATE’S GUARANTY FUND, ARE ISSUES ONLY IF/WHEN A CARRIER IS DECLARED INSOLVENT. INSHARE DOES NOT GUARANTEE THE FINANCIAL SOLVENCY OF ANY INSURANCE CARRIER.
A.M Best Rating
Every effort is made by InShare to place your insurance coverage with companies that have displayed evidence of being in good financial condition and size as determined by recognized rating agencies such as A.M. Best. The responsibility for financial strength lies with the insurance companies themselves and the state insurance commissioners. InShare is not responsible for the financial strength of the insurance companies with whom business is placed. We do attempt to access and utilize those insurance companies that are the best available to meet your needs.
Federal and state laws and regulations generally prohibit us from sharing nonpublic personal, financial or health information about you with a non-affiliated third party unless we provide you with a notice of our privacy policies and practices, such as the types of information that we collect about you and the categories of persons or entities to whom it may be disclosed. In compliance therewith, we are providing you this notice about our privacy policies and practices.
The Information We Collect
We collect and maintain your information so we can provide insurance brokerage services and sell insurance products to you, as well as process your insurance claims. In providing our various services, we may obtain certain non-public, personal, financial or health information. The types and categories of information we may collect about you in the performance of services for you include:
Information we receive from you on applications for insurance coverage and other forms to provide insurance brokerage services to you (such as your name, home address, social security, telephone number, financial information such as the fair market value of property you wish to insure, and health information);
Information you authorize us to collect (such as health information for underwriting purposes) or information we are authorized or required by law to collect (such as medical records in a workers’ compensation case);
Information that we generate to service your account (such as loss claim information);
Information we receive from a consumer reporting agency such as motor vehicle and driver data, credit history, and employment information; and
Information about your transactions with us and our affiliates such as your policy coverage, premium payment history, the premium you pay and claims information.
Information that may be collected or submitted on our website which includes your first and last name, business name, city and state, phone number, email address and any other information you provide to us in your correspondence with us when you submit a form through the Contact Us page on our Site. We use this information in order to respond to your question or request. We may also use your email address to send you promotional and informational emails. You have the opportunity to opt out of receiving promotional emails.
We may also collect information about how you access the Site using cookies. Session ID cookies may be used by us to track your preferences while you are visiting the Site. They also help to minimize load times and save on server processing. Persistent cookies may be used by us to store other information. Cookies used on the Site do not contain your personal information.
We use log files which may include internet protocol (IP) addresses, browser type, internet service provider (ISP), referring/exit pages, platform type, date/time stamp, and number of clicks to analyze trends, administer the site, track your movement in the aggregate, and gather broad demographic information for aggregate use. However, none of this information contains personal information.
Protecting the privacy of the very young is especially important. For that reason, we do not collect or maintain information on or through our website from those we actually know are under 13 years old, and no part of our website is structured to attract anyone under 13 years old.
Information Sharing Practices Within InShare
We may share nonpublic information about you within InShare, as permitted by law, to enable us to service and maintain your account and provide information to you about products and services of InShare. InShare may collect data and other similar information of its customers and prospects and may use and share that data in our internal systems, such as sales management applications. These systems permit InShare employees to access and process such data solely for the purposes of customer request completion, business administration, business reporting, statistical analysis and marketing of InShare products and services. InShare may share the business contact data among its affiliates.
Sharing Information Outside the InShare
We do not disclose any nonpublic information about you to non-affiliated third parties, except as permitted by law. The circumstances under which disclosure to non-affiliated third parties is permitted by law include disclosures to insurance companies or insurance intermediaries to obtain any insurance coverage requested by you or to process insurance claims. The circumstances under which disclosure to non-affiliated third parties is permitted by law also include to our auditors, appraisers and legal advisors, in response to a court order, governmental authorities pursuant to legal process, to prevent fraud, and/or disclosures to authorized third party service providers acting on our behalf, that perform marketing and other services for us, such as electronic enrollment service providers, to other financial institutions with which we have joint marketing agreements, such as banks, securities broker-dealers, registered investment advisors, and insurance providers.
How We Protect Your Information
We take commercially reasonable steps to ensure that your information is kept safe from unauthorized access. We may use physical, electronic and procedural safeguards to protect your private information and to assist us in preventing unauthorized access to that information.
To fulfill our privacy commitment, we take certain actions which may include:
Adopting policies and procedures that put in place physical, electronic and other safeguards to keep your personal information safe;
Striving to maintain the accuracy of your information and responding to any questions or concerns you may raise in its regard;
Requiring third parties that perform services for us to have standards to keep your information confidential;
Protecting information of our former clients to the same extent as our current clients.
Despite reasonable technological measures taken by us, technology can be bypassed, and we cannot guarantee privacy of your information. You agree that we shall not be responsible for any loss, damages or liability arising from the information you provide to us in any way and you shall have no recourse against us, or any employee, officer, director, shareholder, agent or representative for such loss, damage, liability.
Requests For Your Information and Opt Out Rights
To the extent provided by applicable federal or state law, you may have certain rights to access and correct the information we have collected about you. Additionally, if you have questions or would like to request that your information not be shared among the InShare, please contact the InShare Compliance Department at InShare @gmail.com. If you wish to correct your information, we may take reasonable steps to ensure your identification before making the requested corrections. You can opt out of receiving any promotional emails that we send to you by sending an email requesting to be removed from the email list at firstname.lastname@example.org with OPT-OUT in the subject line.
Our Policy Regarding Dispute Resolution
Reservation of Rights to Disclose Information in Unforeseen Circumstances
Effective May 14, 2020
Updated December 9, 2020