| |  | | | 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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| | 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 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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| | Big 'I' agents enjoy market access to cyber liability from Coalition through Big 'I' Markets. Coalition provides comprehensive insurance coverage and free cyber security tools to protect your client’s business. From sole proprietors to multimillion dollar corporations, Coalition is the cyber market solution you’ve been looking for. Coalition provides world-class technical know-how to help prevent, mitigate, and respond to cyber incidents, and is the first insurance-enabled technology firm built to help businesses before, during and after a cyber incident. |
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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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| | 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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| | This article authored by Chris Boggs was published by Insurance Journal in 2015 but its rules are still relevant today. |
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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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| | Increasingly inclement weather, civil disobedience, electrical grid failures – all these problems can create a nightmare for insurance agents. Not only will these events impact your clients, but your agency’s staff and its agency management system may be unable to handle the flood of incoming calls and email requests for assistance. Every agency needs a disaster plan, and the Big 'I' offers plenty of resources. |
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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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| | 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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| | Download this convenient over insurance statutes by state chart. |
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