Login to Big "I" Markets  /  Retrieve Password      December 3, 2019

In This Issue:
Small Commercial - CNA    |    Special Feature    |    Cyber Insurance - Coalition    |    Webinars    |    TRIVIA!

ARMR.Network, LLC specializes in environmental risks, including restoration contractors, commercial properties, trade contractors, and underground storage tanks.
Big “I” Markets offers agents access to Jewelers Mutual, an insurer dedicated solely to jewelry since 1913. Retain clients with a specialty policy and reduce stress on homeowners carriers.
For over a hundred years, Chubb and its predecessor companies have offered some of the most seaworthy coverages and services available for small boats, yachts, luxury mega-yachts, and more.

CNA Is Droning On and On

Your client is involved in an accident where the other driver is at fault but later claims it was your client's fault. If there are no witnesses, it's a he said/she said situation which could end up costing your client in higher premiums. Now imagine that you dispatched a drone to take aerial footage/pictures of the scene that supports your client's version of the accident. This is just one example of a real-time insurance-related use of drones which could make you your client's hero.

Drones are being used more and more commercially. Event photography, inspections of large, remote or dangerous areas, video of real estate for presentation, golf pros taking footage for training or instructions, security, search and rescue… the list goes on. According to the Federal Aviation Administration commercial drone use is expected to quadruple by 2022.

CNA now offers a Drone endorsement which includes options for General Liability, General Liability including Personal and Advertising Injury, and Property coverages. This Drone endorsement will help you:
  • Customize coverage. Drone coverage is available as an endorsement on CNA Connect®, our flagship Businessowners policy, which is available for over 600 classes of business.
  • Minimize coverage gaps and simplify the process. The Drone endorsement on CNA Connect® means one policy, one bill and the simple quoting process on CNA Central.
  • Reduce guesswork. The endorsement includes flat rating charges based on the limits and coverages selected, and you can offer it for all eligible Small Business Class codes.
A wide range of customers - such as wedding videographers, photographers, contractors, real estate agents, architects, engineers and advertising agencies - may need this coverage, which is available in most states. Eligible risks include drones that weigh less than 55 lbs., those in compliance with FAA regulations and requirements, and those that do not hold a Restricted Airspace/Operation near Aircraft waiver.

To submit a quote, log into Big "I" Markets and click on "Small Commercial." Contact Big "I" Markets commercial underwriter Claire McCormack at claire.mccormack@iiaba.net or (800) 221-7917 ext. 5415 with any questions.

Big "I" Markets also offers Small Commercial through two additional carriers:

Travelers Select® 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, & RI.

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 FL, LA, AK & HI.  

Virtual University Features "Finals Week"

Are you ready for Big "I" Virtual University Finals Week? Mark your calendar for Dec. 16-20, when agents looking to get ahead on their continuing education can earn up to 10 P&C credits! CE approval varies by state.

Click here for a complete list of classes and CE-approved states.

Keep up-to-date on upcoming offerings by subscribing to VUpoint, the Big "I" Virtual University's free biweekly e-newsletter. It is sent to thousands of subscribers from around the world. You do not have to be a Big "I" member to subscribe to the VUpoint newsletter, though some features may only be available to members.

Learn more about the VU at www.independentagent.com/vu.


Time to Quote Cyber Insurance for Retailers

From data breaches and denial of service attacks to theft of credit card data, retailers face a number of cyber risk exposures. With about 70% of retailers globally experiencing a cyber attack and 61% experiencing an attack in the past year, the most comprehensive protection is imperative to ensure continuation of business. That's Coalition.

Coalition's cyber insurance is specifically designed to help retailers, both online & offline:

  • Restoration of digital assets, including sensitive customer information and credit card records
  • Coverage for consequential reputational harm loss, and media and PR costs to respond to an incident
  • Enhanced coverage for denial of service (DDoS) attacks that impede legitimate traffic to the retailer
  • PCI fines and penalties resulting from exposure of customer credit card data
  • Costs to respond to a ransomware (extortion) incident
  • Business interruption losses from cyber attacks against the retailer and their suppliers
Coalition's proactive cybersecurity platform saves your client time, money, and headaches. By offering a full suite of security apps including 24/7 security monitoring, automated threat and intelligence alerts, DDoS mitigation, security benchmarking, ransomware protection, employee training, patch reminders, and more-included with each policy at no additional cost, Coalition helps retailers protect their network and their business.

When an incident happens, Coalition is the only insurance firm with a dedicated 24/7 incident response and claims team to help retailers quickly respond to an incident.

Ready to protect your retail customers? Log in to www.bigimarkets.com to create a quote in less than 4 minutes! Contact Carla McGee, your dedicated Cyber Insurance Program Manager, with any questions or to walk you through a quote.  

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.

Prizes will be to the first response with the correct answers and then four selected at random from all received by 6p.m. EDT on Wednesday. Win a $5 gift card (Starbucks, Dunkin' Donuts, Baskin Robbins, or Krispy Kreme).

Don't forget to answer the Tie Breaker!
1. In the Drone endorsement link above, the acronym SCORE stands for what?
2. On this date in 1967, Louis Washkansky was the first recipient of what?
3. Coalition offers protection designed for modern day retailers. Sadly this now defunct NY department store, featured in the popular holiday movie "Elf" is not a potential client since it closed in 1987. Name it.
TB - Tim Hyland of Block and Hyland recalls a story of a false claim of hail damage that was actually caused by a ball peen hammer. What did the car owner (successfully!) claim in response?

Here are the top three items that got BIM agents clicking from our last edition... see what you missed!
  1. Jewelry Insurance
  2. Affluent Homeowners - Chubb
  3. 9 Rules for Reading an Insurance Policy Based on the Law of Insurance Contracts - Webinar Registration Link

Congratulations to our agent in Missouri on a Commercial Auto - Monoline sale of $27,092 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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