| |  | | Special Feature * Advantages of Big 'I' Membership * Agency Management * Back to Basics * Personal Lines* Commercial General Liability * Insurance Laws & Statues/Coverage Resources
Please note, the next edition of Insurance Illustrated will be published on December 2. Enjoy your Thanksgiving. |
|
| | |
| | Bradley Flower, Big I member and owner of Portal Insurance in Mobile, Alabama, knows a few things about catastrophes. He developed catastrophe claims process we asked him to share for agents who have cat-exposed clients. After catastrophic events, your insureds will reach out for help, and while you may be mopping up your own damage, this process can help you provide excellent service to your insureds. |
|
| | |
| | The Big “I" Professional Liability program has created a free “Commercial Producer Onboarding Guide," a self-paced learning resource that provides an overview and learning path through 13 core prerecorded “Lightning Learning" risk management webinars. These webinars are essential tools for both new and seasoned commercial producers. The guide highlights typical commercial lines exposures that can create agency E&O claims and provides learning tools to avoid or minimize risk. Member login required. |
|
| | |
| | Agency acquisitions and mergers continue to heat up, your agency value may be more complex than you think. Revenue and commissions are not the prime indicator of value for an agency – Profit potential determines a business’s value, not size. |
|
| | |
| | Most agents have historically accessed ACORD forms via their agency management systems or other ACORD-authorized third-party forms redistributors. This changed on January 1, 2020, when ACORD began charging all users of ACORD forms an End User License (EUL) fee. The Big ‘I’ has negotiated an agreement with ACORD allowing most Big 'I' members to continue receiving ACORD forms without having to pay the EUL. |
|
| | |
| | From IA Magazine, learn about the seven findings from the 2022 Agent Universe Study. |
|
| | |
| | Your insureds usually know they need auto and homeowners insurance policies, or if they have recreational vehicles or a motorcycle, may need a policy on those. But do your insureds understand that the limits of liability coverage they purchase, even if they seem substantial, may not be enough to protect them in the event of a serious accident? The personal umbrella policy can protect your insured against large losses and protect your agency against an errors and omissions claim, as well. |
|
| | |
| | The PAP defines "collision" to involve impact of an insured auto with another auto or object. Comprehensive, or "other than collision" (OTC) coverage applies to contact with a bird or animal. So, if you hit a pedestrian, is it a comprehensive or a collision loss? |
|
| | |
| | From IA Magazine, read about the 30 changes the Insurance Services Office (ISO) filed to its personal auto policy program. |
|
| | |
| | Some employers of people who use their personal autos for business want to be named as additional insureds on their personal auto policies (PAPs). However, many companies refuse to do this on the basis that they don't want the broader exposure or that the business owner has no insurable interest. Actually, there's no need to name the business as an AI on the PAP, although there could be a need for a PAP endorsement similar to a "do nothing" endorsement in the business auto program. |
|
| | |
| | Although we know that interpreting contracts is a matter of law, because our customers routinely execute hold harmless and indemnity agreements with all manner of entities, knowledge of these contractual provisions is of primary importance. It is important that you have insight to help you better understand the workings of these agreement and how your customer’s CGL policy may or may not provide coverage for the liability created by such agreements. |
|
| | |
| | Insurance Services Office (ISO) has introduced four new earth movement exclusions with effective dates of 12/1/19. Three are designed for use with the commercial general liability (CGL) coverage parts; and one is for use with the owners and contractors protective liability (OCP) coverage part. These are extremely dangerous endorsements if used improperly. |
|
| | |
| | Contractual risk transfer is a fact of life for any agent working with construction clients. Your client might be the transferor or the transferee or both on the same job. Because insurance is a slave to the contract, you have to understand contractual risk transfer. |
|
| | |
| | State laws vary regarding auto policies, personal and commercial. Each state prescribes its own minimum limits and other required coverages. Some states require Uninsured Motorist (UM) and some states require Uninsured and Underinsured Motorist (UM/UIM). Is it a Personal Injury Protection state (aka, No-Fault) or are you allowed to exclude a driver? Check out the chart below for state-specific details. |
|
| | |
|
|
| |
Item Audit Detail /_layouts/15/images/GORTL.GIF /vu/newsletter/_layouts/15/AuditingLog/ItemAudit.aspx?ItemId={ItemId}&ListId={ListId} 0x0 0x40000000 ContentType 0x01 300 Compliance Details javascript:if (typeof CalloutManager !== 'undefined' && Boolean(CalloutManager) && Boolean(CalloutManager.closeAll)) CalloutManager.closeAll(); commonShowModalDialog('{SiteUrl}'+
'/_layouts/15/itemexpiration.aspx'
+'?ID={ItemId}&List={ListId}', 'center:1;dialogHeight:500px;dialogWidth:500px;resizable:yes;status:no;location:no;menubar:no;help:no', function GotoPageAfterClose(pageid){if(pageid == 'hold') {STSNavigate(unescape(decodeURI('{SiteUrl}'))+
'/_layouts/15/hold.aspx'
+'?ID={ItemId}&List={ListId}'); return false;} if(pageid == 'audit') {STSNavigate(unescape(decodeURI('{SiteUrl}'))+
'/_layouts/15/Reporting.aspx'
+'?Category=Auditing&backtype=item&ID={ItemId}&List={ListId}'); return false;} if(pageid == 'config') {STSNavigate(unescape(decodeURI('{SiteUrl}'))+
'/_layouts/15/expirationconfig.aspx'
+'?ID={ItemId}&List={ListId}'); return false;}}, null); 0x0 0x1 ContentType 0x01 898 Document Set Version History /_layouts/15/images/versions.gif?rev=40 javascript:SP.UI.ModalDialog.ShowPopupDialog('{SiteUrl}'+
'/_layouts/15/DocSetVersions.aspx'
+ '?List={ListId}&ID={ItemId}') 0x0 0x0 ContentType 0x0120D520 330 Send To other location /_layouts/15/images/sendOtherLoc.gif?rev=40 javascript:GoToPage('{SiteUrl}' +
'/_layouts/15/docsetsend.aspx'
+ '?List={ListId}&ID={ItemId}') 0x0 0x0 ContentType 0x0120D520 350
|
|