Skip Ribbon Commands
Skip to main content
FacebookTwitterYoutube
for the week of December 22, 2023

Education + Analysis for the Independent Agent

Subscribe
Special Feature * Advantages of Big 'I' Membership * Commercial Lines * Back to Basics * Personal Lines * Checklists, Charts & White Papgers * Insurance Laws & Statutes/Coverage Resources

The next edition of Insurance Illustrated will be published on January 5, 2024.
Avoid an Errors and Omissions Claims by Correctly Naming the Insured
Correctly naming your insured is only one issue that can get you sued. Our author highlights some key areas of concern for agents to prevent an errors and omissions claim.
Big 'I' Markets
Big “I” Markets, featuring Big “I” Eagle Agency, connects member agents with top tier insurance markets. More than 10,000 Big “I” member agencies nationwide have looked to Big “I” Markets to access our affluent homeowner and personal package programs, hundreds of bonds, commercial auto, commercial package policies, community bank package, cyber liability, flood insurance, habitational program, non-standard homeowner, real estate agents E&O, and more.
Alternatives to Business Income Coinsurance
Non-BOP business income coverage is written on a coinsurance basis; however, some agents are afraid of coinsurance for a couple reason: 1) they don’t know how to develop the proper coinsurance percentage; and 2) they don’t want to explain the CP 15 15 Business Income Report and Worksheet. Well, there are three alternatives to coinsurance agents can use. One doesn’t save the agent from having to explain the worksheet, and two may not indemnify the insured – but agents do have alternatives. All three are touched on in this article.
Is Sexual Harassment Covered in a Health Care Organization’s D&O Policy?
In this article from IA Magazine, review responses to a question that was answered through the Big "I" Virtual University Ask An Expert service.
Coding, Rating, and Coverage
Do you know how to code and rate commercial lines accounts? Do you understand the difference between coding, rating, and coverage? If not or you’re not sure, then take a few minutes to read this article and, if warranted, respond to our inquiry at the end of the article.
Explaining Maximum Medical Improvement to Your Clients
Helping your clients manage their workers’ compensation program is easier if you can explain one of the most important concepts in an industrial injury or illness. The term “maximum medical improvement” (MMI) defines that concept. Your adjusters use that phrase or abbreviation frequently, and understanding its importance in the injury process can help your clients better understand why a workers’ compensation injury remains unresolved.
Understanding the Unique Facets of Flood Insurance: Flood Zones
Flood insurance is, unusual. A flood policy essentially covers one peril but is surrounded by many unusual facts and facets that make flood coverage unlike any other. Agents must understand the uniqueness of flood to more effectively present it to clients. This series on flood insurance is divided into seven parts; following is part 1. Links to each part in the series are provided at the end of the articles.
Deleting a Car and Cancelling a Homeowners’ Policy
The client calls and tells you they have sold or traded in their car. Do you delete coverage that day? Be careful. What about if the insureds have sold their home? When is it proper to delete coverage?
Does the PAP Cover Food Delivery?
For the personal auto insurance industry, food delivery is a big exposure. And because so many teenagers and even young adults deliver food as a primary or secondary source of income, agents are regularly asked if the PAP covers food delivery.  Does the PAP extend coverage for food delivery? Well, maybe! Like so many other insurance coverage questions, the answer depends on the coverage language of the individual policy and the specifics of the activity.
Liability Coverage for Trailer-Related Liability: Primary and Excess Protection
Download this document for information on liability coverage for trailer-related liability: primary and excess protection.
Mid-Term Cancellations by State
Take a look at this spreadsheet to determine how your state handles mid-term cancellations.
Facts + Statistics: Homeowners and Renters Insurance
This article from the Insurance Information Institute includes facts about homeowners and renters insurance over the past five years.
Conditional Renewal Notification Requirements
Download this convenient Conditional Renewal Noficiations Requirements by State chart for easy reference.
image 
 
​127 South Peyton Street
Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

Follow Us!


​Empowering Trusted Choice®
Independent Insurance Agents.