Login to Big "I" Markets  /  Retrieve Password      February 5, 2019

In This Issue:
Small Commercial - Chubb     |    Special Feature    |    Selective - Flood    |    Webinars    |    TRIVIA! Winners

A high-skill, high-service national surety broker specializing in surety bonds. 100's of Bonds...All 50 States
1000's of Satisfied Customers.
Just ONE Company!
Provides affordable coverage for those people who operate small home-based businesses as most HO policies usually explicitly exclude coverage.
"A" Rated Excess & Surplus Lines carrier offering Homeowners, Rental, Condominium, & Vacant Dwelling insurance for risks other carriers decline or are unable to write.

Chubb Small Commercial Insurance now offers more eligible lines of business for manufacturing risks and Artisan contractors. Additionally they now offer Workers Comp for Restaurant risks.

Chubb's business owner's policy (Chubb BOP) is designed specifically for small businesses. With broad protection for property and liability exposures, Chubb BOP serves as the foundation for your clients' insurance portfolio.

Chubb BOP helps protect small businessowners with up to $30M in revenue, in more than 500 business classes across the following industries:
  • Artisan contractors
  • Clubs and associations
  • Cultural institutions
  • Financial services
  • Healthcare
  • Real estate
  • Retail stores
  • Service businesses
  • Technology
  • Wholesale businesses
Check out the full list of eligible businesses.

Chubb BOP is developed from our renowned commercial package, Customarq, to provide superior coverage tailored for small businesses. This state-of the-art policy is crafted to address industry specific risks with multiple features for property and liability insurance.

Optional enhancements:
  • Property enhancements including a unique automatic blanket limit of insurance concept that ties together valuable property coverages
  • Liability enhancements including broad named insured and blanket additional insureds
  • Privacy and data breach
  • Animal bailee coverage
  • Earthquake (in selected states)
  • Employment practices liability
  • Foreign liability including kidnap and ransom
  • Electronic data liability
  • Equipment breakdown
  • Water back-up and sump overflow
  • Professional liability insurance for beauty parlors, dental labs, florists, funeral directors, hearing aid establishments, optical establishments, printers, and veterinarians
  • Crime, including forgery and alteration, money and securities, as well as employee dishonesty
Total Account Solution
Building a portfolio with Chubb means broad, state-of-the-art insurance protection all in one place. Add supporting insurance products to a Chubb BOP policy for the complete insurance solution your clients want.
  • Umbrella: Umbrella insurance from Chubb provides an additional layer of coverage over existing liability policies, offering small businesses even more insurance protection.
  • Workers' Compensation: Chubb's workers' compensation policy provides small businesses an insurance solution with broad coverage and Chubb's exceptional policy and claims service.
  • Commercial Auto: Chubb's commercial auto policy includes personal injury protection, uninsured and underinsured motorist coverage limits up to $1M as well as endorsements that include additional coverages.
  • Management and Professional Liability: Chubb's ForeFront Portfolio suite provides additional management and professional liability insurance including employment practices, crime, and cyber liability.
  • Cyber Enterprise Risk Management (ERM)/DigiTech® ERM: Using a three-prong approach, Cyber ERM and DigiTech ERM incorporate risk transfer, loss mitigation services, and post-incident services to help protect against your client's cyber risks.
  • Foreign Package: As your client's business spans national boarders, their coverage must expand too. Chubb SCI's foreign package policy is a multiline coverage that protects more than inventory and intel, it protects your client's greatest asset, it's people.
Why Chubb?
Chubb SCI leverages superior underwriting expertise with world renowned claims, account services, and financial strength. Your clients work hard to grow their business, so they need an insurance company that can grow with them. Chubb's longstanding tradition of excellence makes us an easy, and wise, choice.

Optional Solution - Customarq Package
If your client is in need of a tailored solution, consider our commercial Customarq Package. Using Customarq, agents and brokers can choose to submit business either online or through their local Chubb branch. To learn more about the solutions offered by Chubb's Commercial Insurance division, please visit chubb.com.

Chubb Small Commercial Insurance (SCI) leverages superior underwriting expertise and world-renowned claims, account services, and financial strength to offer solutions for small businesses with up to $10M in revenue. Chubb recognizes that not all coverages fit the needs of every business and that is why they have crafted a customizable suite of state-of the-art insurance products to fit your client's specific needs. Available in all states except AK FL, HI & LA.

Our other Small Commercial carriers:
  • Travelers Select®: Travelers Select Accounts offers a robust variety of coverages for small businesses. A proprietary BOP product, Master Pac®, Workers' Compensation, Commercial Automobile, and Commercial Umbrella are available, with a broad array of industry-specific coverage options and coverage extensions. Travelers is available in all states except AK, FL, HI, LA, RI & TX.
  • CNA Small Business: 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. BOP, Workers Compensation, Commercial Automobile, and Umbrella and Miscellaneous Professional Liability products are available. CNA is available in all states except AK & HI.
ACORD Applications and 3-year loss runs will be required.

If you have any questions about Chubb or the Small Commercial product, please contact Big "I" Markets Commercial Underwriter Tom Spires at tom.spires@iiaba.net or Claire McCormack at mailto:claire.mccormack@iiaba.net.  

Webinar will Outline the Chubb Flood Difference

Flooding is the most common natural disaster in the United States, affecting every state. In addition to hurricanes, flooding can be caused by rainstorms, snowmelt, runoff created by wildfires and much more.

Everyone lives in a flood zone - it is just a question of whether the home is in a moderate-to-low zone or high risk area. While flood insurance is typically required on properties in high risk areas, people outside of high-risk areas file over 20% of NFIP claims.

Chubb offers flood insurance to affluent homeowners through Big "I" Markets. Join BIM and Chubb on Feb 21, 2019 at 2 p.m. Eastern for a free webinar providing an overview of flood insurance available to your insureds through the Chubb affluent program.

Panelists from Chubb include:

Tracey Reid, ASLI
Underwriting Manager, Private Flood Services Division

Lydia Argote, ANFI, CPSR
Senior Underwriter, Private Flood Division

Meghan Jackson
Washington DC Business Development Manager, Chubb Personal Risk Services

Register today. There is no cost to attend; please note this session is open only to registered Big "I" Markets agents.  

Online Tool Identifies Real-time Flooding Data

Big "I" Flood program partner Selective has an important new tool to share with Big "I" member agents.

The Advanced Hydrologic Prediction Service (AHPS) is a new and essential component of the National Weather Service's Climate, Water, and Weather Services. AHPS is a web-based suite of accurate and information-rich forecast products. They display the magnitude and uncertainty of occurrence of floods or droughts, from hours to days and months, in advance. These graphical products are useful information and planning tools for many economic and emergency managers. These new products will enable government agencies, private institutions, and individuals to make more informed decisions about risk based policies and actions to mitigate the dangers posed by floods and droughts.

Check out the Advanced Hydrologic Prediction Service. To view areas of imminent concern, change "all locations" from the top menu bar to "near or above flood stage locations."

The majority of the observed water level data displayed on the AHPS web pages originates from the United States Geological Survey's (USGS) National Streamflow Information Program which maintains a national network of streamgages. In addition, real-time water level information is collected from other federal, state, and local streamgage networks.

Big "I" Flood and Selective's relationship helps deliver members an unparalleled flood program experience. Together, we offer agents several layers of support to meet their flood insurance needs. The Big "I" and Selective staff can help with all of your flood questions. With personalized support, competitive commissions, and an easy-to-use quoting platform, it is an easy decision to start writing your flood business through the Big "I" Flood-Selective partnership today.

Learn more at www.iiaba.net/Flood or contact BigIFlood@iiaba.net.  

Commercial Lines Coverage Placements
Agency Risk Management
3 Keys to Getting the Named Insured Correct
Big "I" Virtual University
Dates: February 6
Time: 2:00 - 3:00pm EST
Cost: FREE
The next session in the Big "I" Professional Liability/Swiss Re Corporate Solutions quarterly webinar series will focus on commercial lines coverage placements.

Commercial placements have been a leading cause of insurance agents errors & omissions claims for years. If your agency has exposure to these types of coverages, you don't want to miss this webinar scheduled for Feb. 6, 2019 at 2 p.m. EST.

Our panelists will take an in-depth look at a number of different claims and answer the following: What went wrong? What was the outcome? And what could be done differently to prevent a similar type of claim at your agency?

Reserve your spot for Agency Risk Management Essentials: Commercial Lines - Back to Basics today.

If you have any questions, contact Jim Hanley at 703-706-5469.
Next Date: Wednesday, February 6 (occurs monthly)
Time: 1:00 - 2:00pm EST
Cost: Cost: $179 nonmembers / $79 members (includes live presentation, recording and written transcript)
Before any claim is paid, status as an “insured” must exist. Is the person or entity suffering or causing loss, injury or damage an insured? If the answer is “no,” there is no need to go any further. If “insured” status does not exist, all your hard work is wasted; no one will ever find out how good you are at designing coverage – because you messed up at the beginning.

If you mess this up, you will have a ticked off insured and maybe an E&O claim you never expected. You have to get this one detail – the named insured – correct.

Participants in this class will be able to:
  • Identify improperly named insureds;
  • Understand the amount of protection extended to an insured;
  • Describe the technical difference between a “DBA” and a “TA";
  • Explain why one “person” can't do business/trade as another “person"; and
  • Properly manage multiple named insureds.
CE credits are available in select states. Check web page for details. Please send any questions to VU staff. Review all VU education offerings here.
Five Contractor Coverage Concepts Every Agent MUST Understand
Big "I" Virtual University
Cyber Liability - Coalition Quoting Training
Big "I" Markets Products
Next Date: Wednesday, February 13 (occurs monthly)
Time: 1:00 - 3:00pm EST
Cost: $179 nonmembers / $79 members (includes live presentation, recording, and written transcript)
Contractor risks are unique regarding their risk profile, exposures and coverage needs. Agents must understand these unique risks, exposures and coverages to properly manage their contractor clients.

This session focuses on five of the most common contractor risk exposures:
  • Contractual Risk Transfer
  • Properly Extending Insured Status
  • Business Auto Issues
  • Misuse of the Absolute Pollution Exclusion
  • Professional and Pollution Exposures Faced by Contractors
A lot of material is covered in this fast-moving, two-hour session. Agents will be better prepared to analyze the risks presented by their contractor clients and know how to properly respond to their coverage needs and claim questions.

All 2-hour Big “I" Virtual University webinars include access to the live session, a link to the post-event on-demand recording available to you 24/7, and a transcript, a valuable and value-added reference tool.

CE credits are available in select states. Check web page for details. Please send any questions to VU staff. Review all VU education offerings here.  
Next Date: Tuesday, February 12
Time: 1:00 - 2:00pm EST
Cost: FREE
Introducing Coalition Cyber Liability through the Big "I" Markets platform. Gain an understanding of how to enter business into BIM, be redirected to the Coalition website, view the automated risk assessment process, bind coverage and launch epay collection process for premium, taxes and fees.

Shawn Ram - Coalition
Carla McGee - Big "I" Markets
NEW Lightning Learning for March
Big "I" Virtual University
Dates: March 7, 14 & 21
Time: 11:30 - 11:50am EDT
Cost: $9.99 (includes all sessions)
The VU's March Lightning Learning series features three 20-minute sessions dedicated to Company-Agency Appointment Contracts Even if you can't participate in the live sessions, you will receive a link to the on-demand recordings and can listen to them at your leisure. Register once and attend:
  • March 7 - Overview of Company-Agency Appointment Contracts
    This session will provide general information about these critical contracts and identify the top provisions to review closely. These provisions include ownership of expirations, post-termination provisions, commissions, carrier communications with insureds, indemnification, and others.

  • February 14 – Deeper Dive on Key Contract Provisions
    This session will take a closer look at how contracts should address issues such as ownership of expirations and post-termination provisions.

  • February 21 - Emerging Trends in Contract Provisions
    This session will highlight new provisions that are becoming more common, such as information security and data breach provisions, and cyber insurance requirements.

PRESENTER: Scott Kneeland, Big "I" General Counsel

Consider presenting conference style for the entire agency to benefit. Please send any questions to VU staff. Review all VU education offerings here.

Be one of the first five with the correct answers and win a $5 gift card (Starbucks, Dunkin' Donuts, Baskin Robbins, or Krispy Kreme).

Congratulations to this week's winners - Mary Catherine Shaver Frey (LA), Wendy Jeffries (MO), Meghan Yochum (OK), Katie Vaughan (TX), Jean Persons (NC).
1. Which American celebrity likeness is now being used on crosswalk lights in Friedberg, Germany? - ELVIS PRESLEY
2. Who are the three parties of a Surety Bond? - SURETY COMPANY, OBLIGE AND PRINCIPAL
3. On this date in 1845, Edgar Allan Poe's "The Raven" was first published in what city? Ironically, it was not Baltimore. - NEW YORK

TB - Under the "avoid some legal issues" link in the first article, what is the second nightmare scenario? - YOUR GUEST WON'T LEAVE

Here are the top three items that got BIM agents clicking from our last edition... see what you missed!
  1. Ways to Avoid Some Legal Issues for Rental Owners
  2. MiddleOak Habitational
  3. Registration for Coalition Cyber Overview Webinar on February 12

Congratulations to our agent in Ohio on a Bond sale of $29,643 in premium!  

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