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In This Issue:
Personal Umbrella Policy    |    Special Feature    |    Small Commercial - Chubb    |    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!
Each Wrap+ coverage has been crafted to seamlessly work in conjunction with all of the other Wrap+ coverages or function as a single policy.
Access to two stand-alone personal umbrella markets: RLI (preferred) and Anderson & Murison (alternative). Protect from “failure to offer” E&O claims; offer a personal umbrella to every client.

Brief Video Educates Your Clients on UM/UIM

Have you ever struggled to explain uninsured/underinsured motorist coverage to a client? Big "I"-endorsed umbrella provider RLI has you covered. They've developed an excellent brief video you can share to educate consumers about the basics of this important coverage.

It explains this concept in simple terms, and how UM/UIM coverage works, then directs the viewer to contact their insurance agent to secure coverage.

The video is available on RLI's YouTube channel and on the Big "I" website, along with the umbrella overview video also developed by RLI.

Feel free to share this on your web sites and social media outlets.

RLI's Personal Umbrella Policy Features:
  • Limits up to $5 million available ($1M in NM)
  • Excess UM/UIM available in all states
  • The insured can keep their current homeowner/auto insurer
  • New drivers accepted - no age limit on drivers
  • Up to one DWI/DUI per household allowed
  • ;">Auto limits as low as 100/300/50 in certain cases
  • Competitive, low premiums for increased limits of liability
  • Simple, self-underwriting application that lets you know immediately if the insured is accepted
  • E-signature and credit card payment options
  • Immediate coverage available in all 50 states plus D.C.
Learn more about RLI Personal Umbrella at the BIM RLI page.  

Chubb Small Business Successes

Check out these recent successes by D.C. area agents through Chubb Small Commercial. Chubb recently added more eligible lines of business for manufacturing risks and Artisan contractors as well as 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.

Appetite
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.

Coverage
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 Claire McCormack at claire.mccormack@iiaba.net.  
WEBINARS
NEW Risk Management Webinar Rebroadcast - May 29
Big "I" Professional Liability
Is Your Website Doing More Harm than Good? was one of Big "I" Professional Liability's best-attended sessions in recent years. Due to its popularity, and because insurance agency website content continues to plague agency owners during errors & omissions claims, Big "I" Professional Liability and Swiss Re Corporate Solutions will rebroadcast Is Your Website Doing More Harm than Good? on Wednesday, May 29 at 2 p.m. ET.

Websites and other online marketing materials, including mission and vision statements, are turning insignificant events into significant E&O claims due to the language used on agency websites. For example, terms and phrases such as "experts" and "we will address all your insurance needs" can increase the standard of care an agency owes to a customer.

Register today.
VU Webinars and Lightning Learning
Virtual University
WEBINARS - Two-hours with CE in select states. View the complete calendar, registration links and see what states have CE approval online. Registration includes live webinar, on-demand recording and a transcript.

LIGHTNING LEARNING - Twenty minutes each with a focus on Meeting Production Goal Requires More Work Than You Think
  • July 9 - 11:30 a.m. ET - ​Key Information Needed to Write Condos
  • July 16 - 11:30 a.m. ET - 7 Condominium Definitions You Must Understand
  • July 23 -11:30 a.m. ET - Who Insures Which Property?
Register once for the monthly Lightning Learning package and receive all sessions for one low price. Registration includes live presentations and on-demand recordings.

VU Webinar and Lightning Learning questions can be sent to VU staff. The 2019 calendar and all links are available here.
TWO FOR TUESDAY TRIVIA
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 - Chris Orletski (FL), Karen Egbert (UT), Cassie Adolphson (MO), Cathy Williams (VA), & Deborah Truelove (AL).
 
1. Ever wonder why land is called "real estate?" The term "estate" literally refers to the land and buildings upon the land, but "real" is derived from the Latin word for what? - THING (from "res")
 
2. On this date in 1846 the first printed copies of "Poems" were published under the pseudonyms of Acton, Currer and Ellis Bell. Only 2 copies sold. Who were the real authors? - ANNE, CHARLOTTE & EMILY BRONTE
 
3. Robert Catallozzi was a United States Postal Service employee that admitted in 1994 to stealing from his employers over the previous 6 years. How much did he steal? - $3.5 MILLION
TIE BREAKER

TB - The Scott County, MO Rural Fire Protection District’s chief decided that usual recruitment ads are "kind of boring" so he came up with what slogan to bring in new firefighters? - HELP WANTED, HARD LABOR, ODD HOURS, LOW PAY, COOL HELMET
LAST WEEK'S MOST CLICKED LINKS
Here are the top three items that got BIM agents clicking from our last edition... see what you missed!
  1. "Is Your Website Doing More Harm than Good?" 5/29 Webinar Registration
  2. Real Estate E&O - Eye-opening Claims Scenarios
  3. Top 5 Reasons for Needing Real Estate E&O Coverage
BIG "I" MARKETS SALE OF THE WEEK
Congratulations to our agent in Florida on a Commercial Auto -Monoline sale of $4,380 in premium!  
    
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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.
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