- Category: Answers to Your Questions
- Published: Friday, 28 February 2014 13:42
- Written by Doug Hartley
- Hits: 1055
The authorized agent issuing a binder is required to activate the document by his or her signature. That demonstrates the insurer the agent represents is obligated to cover the property and if there are any errors in the binder that the agent will be held responsible. The authority granted an agent by a company to bind risks on their behalf is a grave responsibility and should be performed with the utmost professionalism.