Responding to the Dynamic Growth of Commercial Drone Usage
 U.S. aviation officials predict that drones "will be the most dynamic growth sector within aviation" over the next few years. With the number of commercial uses equally on the rise, the availability and necessity of drone coverage has moved to the forefront.
Those who operate a drone for hire or pay a drone operator to provide services for their business may be eligible for drone coverage under a Home Business Insurance policy from RLI, which includes coverage for designated unmanned aerial vehicles (UAVs) with a maximum gross take-off weight (MGTOW) of 55 pounds. Most UAVs will fall into RLI's light category with a MGTOW of up to 15 pounds. At the $1 million liability limit, anticipate per light UAV liability charges of $500 for full coverage and $350 where personal and advertising injury is not permitted.
In April 2017, RLI began offering drone coverage for owners who use their drones in one of its 140 eligible business classes. The most common eligible commercial uses are real estate photography, wedding and family photography, home inspections, and business who provide drone services/unmanned aerial photography to others.
Owned drones can be included in business personal property coverage on a specified perils basis. This does not include crashes or lost drones but it does cover theft, fire, and other specified physical damage. Rating for business personal property (including UAVs) is subject to RLI's normal class rating plan.
Bodily injury and property damage coverage can be provided as well as personal and advertising injury related to drone operations in some cases.
Filings have been approved in most states, with coverage to ultimately be provided in all 50 states and the District of Columbia.*
RLI is a specialty insurance company serving niche or underserved markets. RLI's proven, superior underwriting model creates flexibility to write unique coverages in a wide array of diverse industries.
RLI streamlines processes, eliminates red tape and puts decision-making in the hands of expert underwriters, giving them the resources and freedom to drive growth so producers can quickly and easily get customers the coverages they need.
Visit www.iiaba.net/HomeBusiness to learn more.
*Approval and implementation may be delayed New York. The application will require the make, model, FAA registration number and MGTOW of each covered UAV and the name and date of birth of each authorized operator. A copy of an FAA Small UAS Certificates of Registration will be required for each owned UAV and a copy of an FAA Airman Certificate or Temporary Airman Certificate will be required for each operator. .
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SPECIAL FEATURE
Cyber Downloads
 Last week we shared that a new product, Cyber-Small Business Solution is now available. We wanted to make sure you noted three key resources that were mentioned.
The sample marketing letter is a quick and easy way you can reach out to all your small business clients to offer coverage. Whether you choose to mail or email it, don't delay in reaching out to offer cyber!
The customizable declination form can be used to document your client file when coverage is refused. Customize and print it out today, and make it part of your small business sales process.
Lastly the customer overview flyer provides a great overview of sales features you can discuss with your prospects.
Questions on our new cyber offering? Email bigimarkets@iiaba.net.
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More Than Just D&O For Non-Profits
 Did you know that Directors and Officers coverage isn't the only management liability coverage important to a non-profit organization? In addition to D&O coverage, Philadelphia Insurance Companies, on their Flexi Plus Five form, can offer Employment Practices Liability, Fiduciary Liability, Workplace Violence coverage, and Internet Liability.
Key Benefits
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Broad definition of Claim includes written demand for monetary and non-monetary relief, arbitration, and administrative proceedings, as well as civil and criminal actions
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Optional selection of counsel - Insured may choose defense counsel or tender the defense to the Underwriter
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Defense Costs are in addition to the Limit of Liability
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Most favorable venue wording for punitive, multiple, or exemplary damages
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Modified consent to settle (hammer) clause - 50/50 with a 10% retention reduction for the Insured's acceptance of the first settlement offer
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For profit subsidiary coverage available by endorsement
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Definition of Individual Insured includes lawful spouse/ domestic partner, the estate, and heirs
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Personal & amp; Advertising Injury coverage
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Definition of Individual Insured includes global equivalents
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True Worldwide coverage territory
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Automatic acquisitions coverage for non-profit entities coming within the Insured organization's control during the policy period (up to 35% of assets)
Risk Management Services
Keep costs down by choosing industry specific Safety Programs. Philadelphia will show you how to implement Client Training Services and Risk Management Reporting that get results.
Non Profit Directors & Officers - Philadelphia Ins. Co. is available all states except Louisiana. For more information go to www.bigimarkets.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 - Collections CoverageNEW
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Chubb Masterpiece Homeowner - Overview NEW
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CBIC Architects & EngineersNEW
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AIG Private Client Group Homeowner - Automobile NEW
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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" Product Webinars
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Thursday, May 18 - 2:00 - 3:00pm EDT. "AIG Affluent Coverages - Comprehensive Webinar". Please join us and Lisa Gelles of AIG Private Client Group for a comprehensive webinar on Thursday, May 18. During the presentation, we will cover each of the four core lines of business - homeowner's; auto; umbrella and valuable items. We will review coverage features and benefits, as well as suggestions for marketing high-net-worth coverage to your clients.
Register here Cost: Free.
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NEW - Wednesday, June 7 @ 2:00 - 3:00pm EDT. "Chubb International Advantage - Foreign Package Policy Webinar". Placing appropriate coverage for foreign exposures can sometimes be challenging. Please join us and Brandon Boyd of Chubb Multinational Property and Casualty for a 45 minute webinar on how a comprehensive foreign package policy offers protection for businesses, employees, independent contractors, volunteers, students and more while traveling or doing business outside of the United States. Topics will include an overview of international insurance basics along with tips on identifying gaps left by domestic coverage for foreign exposures, ways to identify overseas risks by asking clients key questions, top classes of business that have overseas exposures and international claims scenarios that will help emphasize the importance of a foreign package policy.
Register here Cost: Free.
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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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May 10 - 2:30 - 3:30pm EDT. "Are You Insuring ALL the Right People". Who qualifies as an insured in the commercial general liability (CGL) policy and the business auto policy (BAP)? More importantly, how should the insured be listed on the policy? You must be careful who you list as and how you list an insured. Get this wrong and there may be NO coverage (an E&O nightmare). Only attend this session if you are interested in learning: who is granted insured status in the CGL and BAP; who you can and should extend coverage to in these forms; who is not and should not be included; and the weird requests additional insureds often make.
Click here to register. Cost: $69
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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. What is the maximum gross take-off weight (MGTOW) allowed for a commercial drone under the RLI At-Home Business program?
2. On this date in 1754 the first American political cartoon is published. Name it.
3. Does the Philadelphia Non-Profit D&O coverage extend worldwide?
TIE BREAKER
TB - Usually the ocean erodes beaches, but recently this Irish beach was "returned" after being washed away during a storm 33 years earlier. What is the name of the beach?
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BIG "I" MARKETS SALE OF THE WEEK
Congratulations to our agent in Michigan on a Marine - Yacht sale of $3,125 in premium!
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