| |  | | | Special Feature - Meet Nancy Germond * Advantages of Big 'I' Membership * Workers' Compensation * Homeowners' Insurance * Just for Fun * Life & Health * Business Income * Insurance Laws & Statutes/Coverage Resources |
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| | 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! |
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| | The Big "I" Professional Liability Program underwritten by Westport Insurance Corporation, a member of Swiss Re Corporate Solutions (rated A+ Superior by AM Best), has been the premier choice of Big “I” member agents for insurance agents and brokers E&O insurance for over two decades. We offer not just a policy, but a comprehensive program for insurance agents. Big “I” member agents and brokers nationwide look to the program for stable rates and a long-term market that they can rely on. In addition to the largest and most stable insurance agents E&O program in the nation, we offer cutting edge risk management resources available exclusively to our members and policyholders. |
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| | The coming-and-going rule in workers’ compensation claims management can determine whether an adjuster or administrative law judge finds an injury compensable. Because each state drafts its own workers’ compensation laws, there is a great deal of variation in case law depending on where the injury occurred. This article provides an overview of the coming-and-going rule in workers’ compensation claims. |
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| | Only “occupational” injuries are covered by workers’ compensation. To be “occupational” and thus compensable, the injury must “arise out of and be in the course and scope of employment.” All three distinct tests must all be satisfied for the injury to be compensable. |
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| | Summertime can be a bonanza for burglars. If you insure second homes owned by “snowbirds,” the risk of burglary increases during the summer, especially in July and August, according to the Insurance Information Institute. But even an overnight trip can create the opportunity for theft. Spring is a good time to remind your clients of some summer safety tips to help keep their property safer while they’re away for the summer or just on a days-long getaway. |
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| | A concept as common as the application of a “property deductible” is rarely taught or even considered, it is simply “understood.” The problem is we tend towards the belief that everyone “understands” the application of a property deductible the same way. They don’t. |
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| | As a new feature with this edition, we’ll offer the “Just for Fun” category, because we all need more fun in our hectic lives. This category will include quizzes, fun facts, appropriate memes, weird safety pictures, or other oddities and items. |
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| | E&O classes always stress the need to use checklists. P&C exposures change over time and policy coverages must change with them. This is also true with life insurance. The needs that were present at application time probably have changed. A policy that was sold years ago may now require modifications due to changes in the family, income, required expenses, etc. |
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| | Life insurance is purchased with consideration for others. An insured is not going to receive the policy proceeds. Family members are usually the designated recipients. Selecting the way to protect these benefits requires a great deal of consideration. |
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| | The ISO CP 00 10 has a coverage gap for property in undeclared buildings that does not exist in their BOP. In this article, VU faculty member Mike Edwards explores whether the same CP gap exists for business income coverage. |
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| | The ISO business income form(s) includes coverage for loss arising out of a civil authority prohibiting access to the insured's premises due to direct damage by a covered peril to property at that location or elsewhere. However, what if the civil authority doesn't specifically prohibit access to the insured's property, but rather to the insured's products? Intrigued? Then keep on reading.... |
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| | Download this chart that details mid-term cancellations by state. |
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