Login to Big "I" Markets  /  Retrieve Password      October 10, 2017

In This Issue:
CNA - Small Commercial    |    Special Feature    |     RLI - Architects & Engineers    |    Webinars    |    Parting Shot    |    TRIVIA!

Having access to top carriers that specialize in serving affluent clients sets you apart from the competition. Big "I" Markets connects you to two of the best for high-value clients.
Each Wrap+ coverage has been crafted to seamlessly work in conjunction with all of the other Wrap+ coverages or function as a single policy.
"A" Rated Excess & Surplus Lines carrier offering Homeowners, Rental, Condomium, & Vacant Dwelling insurance for risks other carriers decline or are unable to write.

In 1911 Jean de La Hire released Le Mystère des XV, a book which may have the distinction of being the first to depict a human colonization of Mars, as well as the return of the character Leo Saint-Clair (The Nyctalope)--a superhero precursor as well as the first cyborg. Since then the idea of colonizing Mars has filled books, movies, TV shows and dreams of little kids and big kids alike. And who can forget Marvin the Martian and his Earth-destroying Illudium Q-36 Explosive Space Modulator?

The reality of a Martian colony may yet come to pass. Architects Marek Podlaha and Antónia Pohanková have designed a prefabricated spaceship that will convert to a large living space after landing, without the need for large equipment on-site. You may have heard about Mars One, an organization working towards providing a one-way trip to Mars in 2031. I wonder how the thinner atmosphere and lower gravity on Mars will affect the design of buildings that may exist there one day.

Some of the buildings on earth and here in the U.S. also look like they could have been designed by aliens, such as the beautiful and flowing Aqua Tower in Chicago.

While we don't have any Martian markets for you (yet) we can help you cover the architects that envision and design buildings, the engineers that make them happen, and the surveyors who measure out the land.

As a BIM agent you have access to the CNA Connect® Architects, Engineers and Surveyors Choice Endorsement which allows you to easily customize its Business Owners insurance to your clients' business needs by combining the most common options under one endorsement.

Property coverages included:
Accounts Receivable $225,000 limit
Business Income - Newly Acquired Constructed Property Additional $250000
Business Personal Property at Unnamed Locations $25,000
Extended Business Income Additional 30 days
Claim Data Expense Additional $10,000
Computer Fraud $10,000
Contract Penalty Clause $5,000
Electronic Data Processing (Off Premises) Additional $50,000
Electronic Data Processing (On Premises) Additional $50,000
Fine Arts Additional $75,000
Limited Building Coverage - Tenant Obligation $10,000
Lost Key Consequential Loss $500
Newly Acquired or Constructed Business Personal Property Additional $250,000
Ordinance or Law - Increased Period of Restoration Additional $25,000
Outdoor Trees, Shrubs, Plants and Lawns Additional $7,000
Owned Watercraft less than 20 feet long $7,500
Rental Expense - Temporary Substitute Equipment $5,000
Unauthorized Business Credit/Debit Card Use $10,000
Utility Services - Direct Damage $10,000
Valuable Papers $150,000 limit

Key coverage definitions:
  • Business personal property (BPP) - Expanded definition to include surveyor equipment, defined as instruments, images and electronic media and data.
  • Valuable papers and records - Expanded definition to include designs and plans, architectural drawings and videotapes.
  • Fine arts - Expanded definition to include architectural models, replicas, or sculptures and artistic renderings.
CNA Small Business currently offers a market for a broad variety of businesses, representing Healthcare, Financial Institutions, Professional Services, Business Services, Technology, Retail, Real Estate, Wholesalers and Manufacturing.

Coverage are BOP, Workers Compensation, Commercial Automobile, and Umbrella and Miscellaneous Professional Liability.

For more information, log into www.bigimarkets.com and click on Small Commercial Standard Markets or contact Big "I" Markets commercial underwriter Tom Spires at tom.spires@iiaba.net or (800) 221-7917 x5470.

This market is available in all states except AK, FL, HI & LA. It is also not available on Mars.  
October 2017 Flood Program Changes Posted
FEMA has released the October 1st, 2017 program changes for the National Flood Insurance Program (NFIP). The changes include the following:
  • Revised cancellation refund rules for the surcharge implemented with the Homeowner Flood Insurance Affordability Act of 2014.
  • Reduced federal policy fee for tenants' contents-only policies.
  • Updated claims data elements in the TRRP (Transaction Record Reporting and Processing) Plan
Check the bulletin on the NFIP website to see more details on the program changes.

For more flood information or to learn how to start doing business with the Big "I" Flood program, visit www.independentagent.com/Flood.  

Build Your Commercial Book with Architects & Engineers Professional Liability

When it comes to covering the architects in your community, where do you turn? Did you know that you have access to comprehensive professional liability coverage for architects, engineers and surveyors?

CBIC Design Professionals Insurance, an RLI Company, provides comprehensive professional liability coverage for architects, engineers, and surveyors. CBIC has deep knowledge in the professional services and construction industries, which means when you work with a CBIC underwriter, risk manager or claim manager, you're speaking with a longtime veteran who has both the expertise to understand a firm's needs and the decision-making authority to get the job done.

The policy features are:
  • Defendants' reimbursement of expenses - $500 per day subject to $12,500 maximum (reimbursement applies day one)
  • ADA/FHA/OSHA regulatory or administrative action reimbursement - $30,000 per policy period
  • Free pre-claims assistance
  • Disciplinary proceedings reimbursement - $5,000 per proceeding
  • Definition of "Insured Person" includes temporary or leased personnel and retired personnel
  • Predecessor firm coverage, including joint ventures
  • Worldwide coverage
  • Liberalization clause
  • Blanket waiver of subrogation provision
  • Punitive damages extension where allowable by law
  • Deductible mediation credit of 50% subject to a $12,500 maximum
  • Automatic 90-day coverage for acquired or merged entities
  • 5 Year Extended Reporting Period
  • Innocent insured provision
  • Consent to settlement provision - 50/50 co-share between "Insured" and "Insurer"
  • 60-day automatic extended discovery period
  • Automatic excess coverage for separately insured projects
  • Management Pack Enhancement Endorsement (Directors & Officers, Fiduciary and Employment Practices Liability Insurance Coverages)
  • High Self-Insured Retention Program (Top & Drop)
Learn more by logging into Big "I" Markets and clicking on Architects & Engineers Professional Liability by CBIC an RLI Company from the commercial products menu.  

BIM Website Training Webinar
Big "I" Markets
Date: Thursday, October 12
Time: 2:00 - 2:30 p.m. EDT
Cost: Free
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.

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 Bavarian castle was partially modeled after Lohengrin, an opera by Richard Wagner?
2. It was a popular belief in the late 19th and early 20th centuries that Mars had intelligent life. What Martian "feature" was erroneously discovered in 1877 that led to this belief?
3. On this day in 1845 a school opened in Annapolis, MD. By what name is it known today?

TB - Although your grandmother may have baked her cookies with it, last week the FDA said it may not be listed as an ingredient.  What is the ingredient?

Here are the top three items that got BIM agents clicking from our last edition... see what you missed!
  1. RLI/CBIC - Small Contractors
  2. Caliper Blog - Fixing Talent Gaps
  3. Travel Insurance - Comparison Chart

Congratulations to our agent in Alabama on a Bond - Performance sale of $19,271 in premium!  

TFT Archives    |    Big "I" Markets Help Desk    |    Email Us    |    703-647-7800  (9am-5pm ET)    |    BACK TO TOP

You have received Two for Tuesday because you are a registered member of Big "I" Markets. Two for Tuesday is a weekly newsletter designed to provide you with information concerning commercial products and services available to you through Big "I" Markets. (Product availability varies by state.) IIABA, your professional association, along with its subsidiaries, including Big "I" Advantage, Inc., works hard to bring information to you about valuable products and services that could enhance your ability to succeed in the industry's competitive environment. If you do not wish to receive Two for Tuesday click the link below.
Click here to unsubscribe.
IIABA Social Channels
Share on Facebook Share on Twitter Share on LinkedIn Share Share