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for the week of May 6, 2022

Education + Analysis for the Independent Agent

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Special Features * Agency Management * Workers' Compensation * Insurance Laws & Statutes/Coverage Resources
Meet Nancy Germond, Your New Big 'I' Virtual University Director
A note from Chris Boggs…We are very excited to have Nancy Germond on the Big ‘I’ team. She brings a great new dimension from which we will all benefit. As Nancy takes over the Virtual University (including Insurance Illustrated), you can expect great things. She will captain this ship to great things. Welcome, Nancy!
FREE E&O Webinar
You’ll want the entire agency to attend this Five Minute E&O Fixes webinar brought to you by Big ‘I’ Professional Liability and Swiss Re Corporate Solutions. During this hour long event, your agency with learn tips and tricks to do in five minutes or less that will have a big impact on E&O prevention. Make it a Lunch & Learn and share this "practical magic" with the entire agency.
Are You Ready for the Work Comp Audit?: Confirming Payrolls Used
When the work comp policy expires, it is time for the audit. As every agent knows, work comp premium is generally based on payroll; thus, the two most important questions are: 1) what remuneration is included in the audit; and 2) what remuneration is excluded from the audit? Of the two questions, knowing what payroll is excluded from the audit might be the more important information – as this is where most mistakes are made. This article lists the payroll inclusions and exclusions.
COVID and the Cost of Building Materials
COVID has affected many areas of life in the US, one is the cost of building materials. Regardless the reason, the cost to rebuild a structure has increased dramatically over the last year. Are you addressing this increased replacement cost issue?
The Insurer of the Future
The Digital Transformation of the Insurance industry is underway. Technologies such as the Internet of Things, Big Data Analytics, Robotics and Artificial Intelligence are already making an impact. But where will this end? What will the Insurer of the Future look like? Alan Walker doesn’t paint a happy picture, but it’s not necessarily dire either.
Workers' Compensation and Illegal Aliens by State
This chart details workers' compensation and illegal alien statutes by state.
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