 What do you do when you have the best E&O program in the country? Make it better!
The Big "I" Professional Liability program is designed by agents, for agents, and for over 30 years now we've "had your back."
Swiss Re Corporate Solutions and IIABA take pride in offering your agency this "flagship" E&O program coverage. Not content to be the largest and most stable program available, we've now taken steps to make our premier offering for Big "I" member agencies even better.
Our Big "I" member exclusive policy will offer new and expanded enhancements that elevate coverages independent agents want, based on feedback from our member agents.
Heightened items to note include but are not limited to:
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Increased Catastrophe Extra Expense Coverage
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Greater Loss of Earnings Coverage
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Broadened Regulatory Defense Coverage
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New Crisis Management Coverage
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Increased Breach of Data Coverage
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Improved Termination of Coverage
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Amended Insured vs. Insured Coverage
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Attractive Deductible Reduction Feature
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And more...
Protect your agency and staff with an E&O policy that works as hard as you do! Not already part of our program? Take action today. Call your state E&O program manager.
To learn more about the newest policy enhancements or to get a premium indication, contact your state E&O program manager.
Coverage is subject to the terms, conditions, and exclusions of the actual policy, which forms the contract between the insured and the insurance company. Available coverages, credits, and options may vary by state. Insurance products underwritten by Westport Insurance Corporation, Overland Park, Kansas, a member of Swiss Re Corporate Solutions.
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 InsurBanc's Chief Lending Officer Robert Pettinicchi recently provided insight into the impact of technology on the value of an independent agency in Rough Notes magazine. In the article, "Technology: Investment in Technology Increases Agency's Current, Future Value," Bob explains how agencies that utilize technology and train those to use that technology effectively will create a more valuable agency.
"Every agency one day will be bought, sold, merged or internally perpetuated in some way, shape or form. Thus, every principal must recognize that the firm that fully leverages its management system will command a premium," Pettinicchi said.
Read the full article to learn more about the impact technology has on value.
Learn more about Insurbanc, the bank created by and for independent agents, at www.insurbanc.com.
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 Is not knowing your client had an exposure enough to get you off the hook if you get hit with a "failure to offer" claim? Do you know which of your business clients do any business outside the country? For those that you do know, have you identified their level of exposure? Are you sure?
Chubb offers the following questions to ask your business clients to start identifying potential international exposure.
Identifying Overseas Risk
Does the organization…
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Attend international events?
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Have employees or volunteers who travel abroad?
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Have employees or volunteers permanently working abroad?
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Sponsor trips, tours or educational programs overseas?
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Export products or sell via the internet?
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Have foreign licensees that distribute your product?
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Have international operations or offices?
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Provide professional service outside the U.S.?
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Perform work on U.S. military bases overseas?
If the answer is yes to any of these questions, there is an international exposure! Don't assume that domestic coverage will cover the occasional outside the country risk.
Mind the Gap
Domestic insurance does not adequately respond to risks organizations faces when traveling or operating outside of the country. Failure to fully evaluate international insurance needs could result in unexpected and costly gaps in coverage.
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How will the domestic Workers Compensation coverage respond if an employee is injured or becomes ill while working outside of the country? Will it…
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Arrange and pay for emergency medical evacuation?
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Provide guaranteed hospital admission in a foreign country?
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Provide a 24 hour hotline with access to U.S.-based emergency medical personnel?
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How will the domestic General Liability coverage respond to a claim for a loss that occurs in a foreign country? Will it…
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Provide defense and indemnity anywhere in the world… or just in the U.S.?
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Provide access to an extensive global network of expert claims and legal personnel?
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Does the domestic Automobile coverage offer any protection when a vehicle in rented a foreign country? Many countries only require a minimum level of coverage… is it enough?
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Will the property insurance provide coverage for personal property lost or damaged while outside of the U.S.?
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Who will you call if an employee or volunteer is kidnapped?
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A comprehensive foreign package policy can respond to the scenarios above.
Chubb's experienced underwriters, present in over 50 countries, and their knowledge of local jurisdictions, make Chubb the ideal partner to provide risk management solutions for your educational clients as well.
Your clients are going abroad. Don't let them go without you. International Advantage® is available in all states. Learn more at Big "I" Markets or contact Brandon Boyd (302-476-6203) brandon.boyd@chubb.com.
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Remember that you can view the following webinars 24/7 by checking out the BIM Webinar Library. To do that log onto Big "I" Markets and click on "Publications".
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AIG Private Client Group Homeowner - Overview NEW
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TravPay
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Commercial Lessor's Risk
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Affluent Homeowners
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Travel Insurance
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Community Banks
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Affluent Homeowner
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Real Estate E&O
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RLI Personal Umbrella
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"Oh, by the way...Flood Sale"
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Habitational
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Student Housing
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BIM WEBSITE TRAINING WEBINAR
For all you folks who recently registered for Big "I" Markets, remember you can participate in a webinar from the comfort of your office to help you learn how to navigate around the system. Every Thursday at 2:00 p.m. EDT we'll show you how to navigate the Big "I" Markets platform, including how to submit a quote! A recording of this webinar can be found under "Publications" after logging into Big "I" Markets.
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Big "I" Virtual University Webinars
Don't miss the following education opportunities provided from the Big "I" Virtual University experts that focus on topics agents need to know to make a smart start in 2016. For more information, contact national staff.
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November 7 - 2:00 - 2:30pm EDT. "First Monday LIVE!" is a free monthly webcast hosted by the VU's own Bill Wilson and guests on the first Monday of the month to discuss the wide world of insurance from seemingly non-insurance topics. Each 30-minute webisode covers "what's going on" in the news and the implications. The November broadcast is in development as subject matter is explored. Click here to learn more and register and here to access the recordings.
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November 16 - 1:00 - 3:00pm EDT. "Builders Risk". Builders Risk insurance is meant to provide protection against the financial consequences of accidental losses which occur during the course of construction, renovation, or installations. This area of the insurance industry is largely misunderstood by many insurance professionals, including those that advise on the procurement of such insurance. This is further complicated by the fact that many insurers use differing proprietary coverage forms. Increase your knowledge in this two-hour webinar. Click here to learn more and register.
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Be one of the first five with the correct answers and win a $5 gift card (Starbucks, Dunkin' Donuts, Baskin Robbins, or Krispy Kreme).
Don't forget to answer the Tie Breaker!
1. Who was the only Presidential candidate to receive electoral votes after death?
2. Insurbanc is located in a Connecticut town which George Washington passed through on several occasions during the Revolutionary War. He referred to the town as "the village of pretty houses." Name the town.
3. "What we've got here is failure to communicate" is a line from a movie released on this date (November 1) in 1967. Name the movie.
TIE BREAKER
In the first baseball World Series in 1903 one player has the distinction of hitting the very first RBI and being struck out in game eight at the top of the ninth inning to end the series. Name the player.
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BIG "I" MARKETS SALE OF THE WEEK
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