| | | | Special Features * Advantages of Big 'I' Membership * Workers' Compensation * Back to Basics * Agency Management * Personal Lines * Insurance Laws & Statutes/Coverage Resources |
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| In a recent article we wrote on the problems of canine liability, agents asked where they could obtain a standalone canine liability policy. Our guest writer, insurance agent Debbie Turner, describes in this article some of the challenges of finding and evaluating a standalone canine liability policy. |
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| The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big “I" 2022 Market Share Report, which also points to independent agencies' dominance in commercial lines, finding that nearly 88% of all commercial lines written premium is placed by the independent agency channel. |
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| From E&O Claims Advisor, this article explains two types of inflation - consumer price index inflation and social inflation - and how these may be relevant to your business and E&O insurance. |
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| The Agents Council for Technology (ACT) provides practical tools and education to help independent agents leverage technology to enable their strategies. Through focused work groups, webinars, and other social media content, volunteers from Big I member agencies and ACT Supporting Member carrier and technology providers, create information and resources in areas like understanding emerging technology trends, ways to enhance the customer experience with ease-of-doing-business processes, explanations of ever changing cyber security concerns, disaster planning guides and much more. All of ACT’s resources are available at no cost to Big I member agencies. Learn more and get involved at independentagent.com/ACT. |
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| Workers’ compensation, as a coverage, is simple. A worker gets hurt, the work comp policy pays – theoretically; that’s the simple part. The more complicated areas of workers’ compensation involve the state laws and legal doctrines applicable to workers’ comp. Two key areas of confusion are how many different types of employees are there and how do you decipher who qualifies as an employee? |
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| A recent Rough Notes article, “Workers Compensation: An Oasis in a Dry Desert: An Island in Stormy Seas,” finds that despite COVID concerns, the workers compensation market is still stable. Looking to the future, economic trends could increase the cost of reinsurance, but overall, the outlook for workers compensation is bright. |
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| The National Council on Compensation Insurance’s (NCCI’s) Workers’ Compensation Experience Rating worksheet looks daunting at first. But once all the acronyms, shorthand and calculations are understood – it can be appreciated for the thing of beauty that it really is (OK, maybe that’s a bit of hyperbole). Grab a copy of the X-Mod Worksheet and let’s learn how to interpret it. |
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| This article authored by Chris Boggs was published by Insurance Journal in 2015 but its rules are still relevant today. |
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| Our Tennessee association has produced an outstanding new disaster plan that includes information on earthquakes, inland storm systems and flooding, fire conflagrations, transportation and industrial accidents, terrorism, and other types of disasters. IIABA members can now download this plan and adapt it for use in their agencies. |
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| Agents may be asked to complete an addendum to a certificate of insurance; in fact, the agency may almost be forced to do so. Should the addendum be completed? The “ivory tower” answer is “no;” the correct answer is, “no;” but…. Sometimes agencies make decisions counter to the correct ones, if the agency plans to ignore the advice, what can it do to protect itself? |
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| Most people, including your clients, are insurance illiterates. Their limited understanding of insurance comes from the commercials they see on TV and the misinformation they “hear on the streets.” Insurance professionals should invest in their client’s kids. Why? Let us count the ways. |
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| Property can be assigned many “values” depending on the purpose of the valuation and who is valuing it. But insurance is concerned with only four options: actual cash value, replacement cost, functional replacement cost and market value |
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| Need help finding the condominium laws of each state? This reference gives you the condominium law, the horizontal property law, the common ownership law, or whatever it is called of every state. Useful – and needed - whether you insure the association or the unit owner. |
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| Download this state-by-state list of dog owner liability rules for easy reference. |
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