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4 Key Personal & Commercial Lines Exposures Every Agent Must Understand

Big "I" Members: $79
Nonmembers: $179

Two (2) CE credits approved in select states (approved states at right).
See below for all session dates and times.

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We cover a lot of ground in this session five topics to be exact. But when we are through, you will be better able to explain some of the new exposures, policy issues and available options. You will also be more at ease with the so-called "disruptors."


Session topics are:

Understanding the Ridesharing Exposures and Coverage Options

Ridesharing was the insurance industry's first major introduction to the sharing economy. The growth of Uber, Lyft and the myriad other rideshare companies required the industry to make a coverage determination and draw a coverage line in the sand.

Insurance Services Office (ISO) created three endorsements to address when the PAP ceases to provide coverage (form numbers differ by state, so only endorsement names are used). Depending on the endorsement attached, PAP coverage may cease:

  1. When the driver turns on the app;
  2. When the driver has logged in to the app but has NOT accepted a request;
  3. When the driver accepts a request, but has NOT picked up the rider; or
  4. When the driver picks up the rider. 

In this segment we review each of the three endorsements and which applies to what point.

Understanding the Home Sharing Exposures and Coverage Options

Airbnb, and other home sharing opportunities, hit the insurance industry about the same time as ridesharing. The difference seemed to be that the pimping of space in your house (or your entire house) was not as contentious or riddled with questions as ridesharing or car sharing.

ISO developed two endorsements for the home sharing client (endorsement numbers vary by state):

  • Home Sharing Host Activities Endorsement; and
  • Broadened Home Sharing Host Activities Endorsement.

In this segment we review the unendorsed HO policy to discover how it responds to a home sharing situation and then we review each of these endorsements.

Understanding the Other "Property Pimping" Exposures

Beyond cars and homes, your insureds are sharing (or pimping) more than you know; this among both personal lines and commercial lines clients. Do you know what your clients are sharing? Do you know how such sharing might affect or be affected by the insurance coverage?

In this segment we:

  • Illuminate what is being shared; and
  • Discuss how insurance might be affected or how underwriting might change.

Understanding the Drone Exposure and Coverage Options

Drones, more technically known as unmanned aircraft, were once a very hot topic, so hot that Insurance Services Office (ISO) released six commercial general liability (CGL) endorsements aimed at drones. The fervor seems to have calmed, but misunderstandings still exist. In this part of the session we discuss:

  • Whether the unendorsed CGL policy language effectively excludes drone use or misuse;
  • The six endorsements; and
  • What information is needed to trigger the limited coverage endorsements.

Do "Disruptors" Really Affect You

Lemonade, Slice, Hippo, Next Insurance, and other so-called "disruptors" are all the talk in the trade press. They are cash rich from all the venture capital thrown their way but do they pose a real threat to the independent agency system?

In this capstone segment, we look at the reality of disruptors and make predictions about the future. Yes, they will likely survive and maybe thrive to some extent but they will not replace you. Find out why.

2020 WEBINAR DATES START TIME
     TuesdayApril 21, 20208:00 AM Eastern
     TuesdayMay 5, 202010:30 AM Eastern
     ThursdayMay 21, 202010:30 AM Eastern
     TuesdayJune 23, 20202:30 PM Eastern
     MondayJuly 20, 20205:00 PM Eastern
     TuesdayAugust 4, 20201:30 PM Eastern
     WednesdayAugust 26, 20208:00 AM Eastern
     ThursdaySeptember 24, 202010:30 AM Eastern
     MondayOctober 26, 20202:30 PM Eastern
     TuesdayNovember 17, 20205:00 PM Eastern
     MondayDecember 14, 202010:30 AM Eastern
     MondayDecember 14, 20202:30 PM Eastern
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Your instructor for this webinar is Big "I" Executive Director of Risk Management & Education, Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS.

All 2-hour Big I" Virtual University CE webinars include access to the live event, 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 APPROVED STATES
Please check back soon for updates.

ARIZONA
Approved for 2 CE credits. Course ID 105774. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

CALIFORNIA

Approved for 2 CE credits. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

CONNECTICUT
Approved for 2 CE credits. Course 113808Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

INDIANA
Approved for 2 CE credits. Course 36194. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

LOUISIANA
Approved for 2 CE credits. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

MARYLAND
Approved for 2 CE credits. Course number 106083. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

MISSOURI
Approved for 2 P/C credits - #17003129. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

NEVADA
Approved for 2 CE credits. Course number 23723. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

NEW JERSEY

Approved for 2 NJCE credits. Course ID 88901217. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

OKLAHOMA
Approved for 2 CE credits. Course 6000063827. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

OREGON
Approved for 2 CE credits. Course #6000047226. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

SOUTH CAROLINA
Approved for 2 P&C CE credit hours. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

TENNESSEE
Approved for 2 CE credits. Course ID 31670. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

WEST VIRGINIA
Approved for 2 CE credits. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

WISCONSIN
Approved for 2 CE credits. Course ID 6000040179. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

WYOMING
Approved for 2 CE credits. Course 30936. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.
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