 MiddleOak's target market accounts are well managed, well maintained, and controlled by experienced owners and management personnel. This program is designed for the successful professional property owner who demonstrates the proactive management skills necessary to secure responsible tenants and maintain the properties in good condition. Good property maintenance is important in controlling losses and not only includes regular property visitations and upkeep but also includes the adequate updating of the roofs as well as the electrical, plumbing and heating systems. The depth of the landlord's management skills, experience and proactive maintenance measures are reflected in the pricing of the overall risk.
MiddleOak offers two programs:
Worlds Apart® is a property and liability program for apartment classes where the insured owns and insures a minimum of 11 rental units on the policy. Occupancy types include; apartments, student, senior, affordable housing, well-maintained dwelling schedules and high value buildings.
Capsure® is a property and liability program for condominium, homeowner and cooperative associations with a minimum of 11 units. Occupancies include primary, secondary and non-owner occupied.
Key program features include:
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11 unit minimum
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BOP policy
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Direct bill
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No year built requirement (as long as the properties have been updated in the last 30 years)
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Guaranteed replacement cost
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Special perils includes Equipment Breakdown
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Actual loss sustained business income - 18 months
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Comprehensive liability limits including aggregate per location
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No General Liability deductible
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All-In coverage is available for condominium associations
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Employee Dishonesty
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Earthquake & Flood coverage (Flood NOT available in all areas including Zones A or V)
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Water Back-Up and Sump Overflow
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Hired and Non-Owned Automobile Liability
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Wind Driven rain coverage is available
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Credits available for smoke-free properties
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Additional credits available for the installation and use of stove top fire suppression devices
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Umbrella & D&O and other complementary products available through MiddleOak's brokerage operation (Dauntless Specialty Brokerage)
Want to know what risks get preferred pricing? Please review this target market sell sheet.
Current State Availability: Please see specific state availability on www.bigimarkets.com. We've made recent changes to improve our competitive fit, including:
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Reduced rates in many states and territories
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Improvements to wind/hail deductible requirements in many territories
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Significantly reduced rates for water back-up
To learn more about this market and speak to the program manager, call/email Rob Keller directly at 860-638-5115 rob.keller@middleoak.com.
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 InsurBanc recently provided funding and guidance to an agency looking to transition to new ownership. Ascend Insurance Brokerage, a firm with a niche in the entertainment industry, turned to InsurBanc when owner Paul Bassman was looking to buyout his retiring partner, James Chippendale. When it came time to transfer ownership and refinance existing debt, InsurBanc was there to finance the deal.
"Just like we have clients all across North America who pick us for our specialty, we picked InsurBanc because of their specialty in the insurance world. The end result is that now we are poised with a very liquid footing, with a bank relationship that we can count on going forward," said Paul Bassman, principal of Ascend Insurance Brokerage.
To read more about how InsurBanc provided the funding Ascend Insurance needed, click here.
Learn more about InsurBanc, the bank founded by independent agents for independent agents, at www.insurbanc.com.
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 "The way you treat yourself sets the standard for others." - Sonya Friedman
If you're going to treat yourself, you might as well go all out and few things set a standard as well as jewelry. Jewelry symbolizes the fulfillment of many of the higher needs psychologists tell us are important to human happiness, such as security, love and self esteem. This New York Times article reports that women are buying more jewelry for themselves as a reward for successes in their personal lives or careers, or as an investment. Since women start more than half of all small businesses this trend is likely to continue. Women are also more likely to pick out their own engagement ring.
And if you're thinking of popping the question or think you might be the "poppee" remember that online tracking ads could start showing jewelry, especially rings, as you browse the Internet, which might be seen by your significant other.
Regardless of who does the buying, covering these valuables at the right amount requires expertise in the field, which is exactly what you can expect when working with Big "I" Markets to access Crown Coverage's Valuable Articles markets (personal & commercial) written on AXA Insurance Company paper.
Jewelry/Jewelry Collector
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Minimum policy premium: $1,000
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Target: $50K up to $30MM jewelry collections, higher limits available
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Minimum: $50K minimum personal jewelry collections & at least 2 items
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Replacement Cost Valuation
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Competitive rates for collections kept in the residence, residence safes, and bank vaults
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Scheduled or blanket policies
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Worldwide coverage
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No restrictions for California earthquake
Private Corporate*
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Minimum Policy Premium: $1,000
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Target: Any limit (minimum premium applies)
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No policy deductible requirements, deductible options available for rate credits
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Replacement Cost Valuation
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Scheduled or blanket policies
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Newly acquired objects automatically covered, up to 25% of the limit
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Worldwide coverage
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Coverage available for single or multiple locations
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Art reference library coverage available
Artist*
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Minimum policy premium: $2,500
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Minimum policy deductible: $1,000
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Enhancement options include coverage for:
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Commissioned works in progress
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Non-commissioned works, if completed
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Studio contents
Conservator*
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Minimum Policy Premium: $2,500
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Minimum Policy Deductible: $1,000
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Valuation:
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Objects in conservator's care, custody & control: Agreed Value
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Furniture & fixtures: Replacement Cost
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Enhancement options include:
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Art reference library coverage
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Studio contents coverage
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"Workmanship" coverage for property damage
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Bailee legal liability coverage
Dealer*
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Minimum Policy Premium: $2,500
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Minimum Policy Deductible: $1,000
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Valuation: Cost Plus (+%) / Selling Less (-%) for inventory
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Property included: inventory, loaned items & objects on consignment
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Blanket coverage available with approved coverage locations
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Enhancement options include:
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Art fair/Trade show coverage
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Bailee legal liability coverage enhancement available
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Art reference library coverage
Exhibition
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Minimum policy premium: $1,000
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No policy deductible requirements, deductible options available for rate credits
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Valuation:
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Fine Art: Agreed Value
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Exhibitry: Actual Cash Valuation or Replacement Cost
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Scheduled policies
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Worldwide coverage for US domestic insured
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"Wall-to-Wall" / "Nail-to-Nail" coverage
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Earthquake/Windstorm coverage based on availability
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Flexible term by day, month or year
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Multi-year policies available
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Policy can be rated for multiple venues and storage needed between sites
Historic Property*
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Available for corporation-owned properties, excludes private residences
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Minimum policy premium: $2,500
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Minimum policy deductible: $1,000
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Building contents, real property and business interruption covered under one policy
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Valuation:
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Building contents: Agreed Value, Current Market Value, or Current Market Value-150%
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Real property: Agreed Value or Replacement Cost
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Coverage for multiple buildings and locations
Museum*
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Minimum Policy Premium: $1,000
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Minimum Policy Deductible: $1,000 (Owned property on premises)
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Coverage for owned (permanent collection) & loaned (short & long-term) objects
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Valuation:
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Owned property: Current Market Value
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Loans: Agreed Value
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Worldwide territory
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Large line capacity
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Flexibility in limits throughout policy term to accommodate exhibitions
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Blanket coverage for single or multiple venues
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Coverage for outdoor sculptures
The Stand-alone Valuable Articles Program - [Commercial or Personal] shines on www.bigimarkets.com and is available in all states.
* Earthquake restrictions apply in California. Windstorm coverage restrictions apply in Florida and coastal locations.
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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" Markets Product Webinars
Wednesday, December 7 - 2:00 - 2:30pm EST. AIG Private Client Group for affluent homeowners. This webinar will cover what qualifies as a collectible car, (classic, antique, exotic, etc.) plus the features of their Automobile coverage.
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New Vehicle Replacement
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High Liability Limits
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Worldwide Coverage
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OEM Parts
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Cash Settlement Option
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...and more
Click here to register.
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Learn Your Agency Web Site Liability Risks
The Big "I" Professional Liability/Swiss Re Corporate Solutions quarterly risk management webinar has been set for December 8, 2016 at 2 P.M. EDT. "Agency Risk Management Essentials: Is your website doing more harm than good?" will focus on the risks associated with insurance agency Web site content. The discussion will be presented from the viewpoints of an agents E&O underwriter, an auditor, a claims specialist and defense counsel and will include dos and don'ts when it comes to web site content.
Panelists will include senior Swiss Re Corporate Solutions staff, and the session will be moderated by IIABA's Jim Hanley, RPLU, Director Agency Professional Liability Risk Management.
Big "I" Professional Liability welcomes suggested questions related to the topic for discussion during the session. Please email Jim Hanley no later than November 30th with your thoughts.
Register for the complimentary session today. No Continuing Education credits are offered for this webinar.
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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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December 5 - 2:00 - 2:30pm EST. "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 December 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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December 7 - 1:00 - 2:00pm EST. "What I've Learned in 47 Years In the Insurance Industry". A free webinar with parting thoughts from Bill Wilson who is retiring at the end of 2016 and whose career began in June 1969 when he graduated from high school and worked during the summer for the industry organization that had granted him a 4-year scholarship to college, majoring in fire protection engineering. Over the next 47 years, his career morphed from engineering to management to education, serving largely insurance carriers then independent insurance agents. Over the time, he's learned a few things you might find helpful. Click here to 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. D-Flawless is the highest rating given to diamonds. What is the worst?
2. On this date (November 29th) in 2004 this big actor finally got a star on the Hollywood Walk of Fame. His debut was in 1954. Name him.
3. What is the maximum age of a building under the MiddleOak program?
TIE BREAKER
TB - Mentioned in the Case Study linked in the InsurBanc feature, in what business field was Paul Bassman before insurance?
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BIG "I" MARKETS SALE OF THE WEEK
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