 Did you know that the number one cause of loss in the insurance industry is water damage, and yet 93% of all non-weather related water damage issues are preventable?
Chubb would like you to educate your clients about how to prevent these types of claims by providing awareness of the issue and recommending proactive preventative measures as part of their risk management strategy.
In order to protect your book of business, Chubb has gathered a list of resources for you to share with your clients:
The Chubb Masterpiece Program is available to registered members in all states except auto in HI, KY, MA, NC, SC and VA as those are being placed in the legacy-ACE system. Additionally, NJ auto and NC home business are being written in the Chubb Non-Masterpiece environment.
Learn more by logging into www.bigimarkets.com and clicking on "Affluent Program-New Business."
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SPECIAL FEATURE
Aligning Talent with Strategy
 Are you preparing to make changes to your organizational structure? New strategies require alignment of the talent needed for execution. If talent is misaligned, then the potential for inefficiency and confusion increases, which puts successful execution at risk.
According to a study by McKinsey, 70% of transformation programs fail. Why?
Caliper's Solution Brief, Aligning Talent With Strategy, outlines our method of making sure that your strategy is in the 30% that meets objectives. Don't forget, as a Big "I" member you receive the following program discounts:
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10% discount on hiring assessments
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10% discount on staff development tools
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Expert consultants who can help you in all areas of talent management
In addition, Caliper is offering all Big "I" partners a FREE Individual Developmental Guide with the purchase of their first Caliper Profile - a $100 value! (New clients only.)
If you have questions about your people, Caliper has answers. Make sure your next hire is a top performer. Visit www.calipercorp.com/iiaba to get started or contact Brett Sutch at brett.sutch@iiaba.net for program details.
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Wrap up Executive Liability for the New Year
By Michael Welch, Big I Advantage Marketing Assistant
 As a new year approaches it's time to take stock of the past year and make plans for the new. One of those plans should be to review your client's coverages and make changes if needed. Get rid of what they no longer need and cover new or larger exposures. For some insurance that can mean a simple endorsement, for others a whole new policy. Being able to swap out different coverages easily is what a modular system is all about.
A modular design's strength is that individual pieces can operate separately, in small groups or as one large structure. Modules can be removed and replaced with a different one when no longer needed or the overall goal changes. Travelers Wrap+ for Executive Liability for Private Companies works the same way. You can pick and choose the coverages your client needs and leave off what they don't. In the future you can add new or drop old coverages as needed.
Coverage Features:
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Additional Defense Coverage
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Additional Defense Limit of Liability
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Survives exhaustion of base limit
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Available for each liability coverage elected or shared
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Defense options
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Duty to Defend (100 percent predetermined allocation)
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Reimbursement
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Single retention for claim triggering multiple liability coverages and no retention if unable or not permitted to indemnify
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Worldwide coverage - claims made or occurring
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Foreign parent corporation coverage as co-defendant
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Severability of application representations
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Subsidiary acquisition - 25 percent of assets
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Extended Reporting Period
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Bi-Lateral
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3-year run-off available for pre-determined premium
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Report potential claims
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Elect by liability coverages
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Duties in the event of claim - triggered by knowledge of Executive Officer
Review these links to learn more about available options, access highlight and sell sheets, and more:
As part of the coverage, insureds receive access to Risk Management Plus+ Online®, a one-stop resource that provides a comprehensive set of tools to help protect organizations from costly litigation. To learn more, visit www.rmplusonline.com.
To access the Wrap+ please log into Big "I" Markets. and look for Wrap+ products in the commercial product listing.
Please note that Community Homeowners Associations and Healthcare Organizations are not currently available through Big "I" Markets.
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BIM Website Training Webinar
Big "I" Markets
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HPR Environmental Workshop
Big "I" Markets
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Date: Thursday, December 28
Time: 2:00 - 2:30 p.m. EDT
Cost: Free
Summary:
For all you folks who recently registered for Big "I" Markets, remember you can participate in a webinar from the comfort of your office to help you learn how to navigate around the system. Every Thursday at 2:00 p.m. EDT we'll show you how to navigate the Big "I" Markets platform, including how to submit a quote! A recording of this webinar can be found under "Publications" after logging into Big "I" Markets.
Registration:
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Date: Thursday, January 4
Time: 12:00 - 1:00pm EDT
Cost: Free
Summary:
We are very excited to announce the newest ARMR-designed program, ARMR HPRTM, which will be released January 4, 2018 to every independent insurance agent across the country. This program is only available through ARMR.Net; you will not want to miss this!
ARMR HPR™ is the easiest and most efficient new business production opportunity available in your commercial property owner and manager book of business.
Celebrate the official ARMR HPR™ program release with a sales training virtual workshop, January 4th, 2018 at 12:00PM EST. We look forward to seeing you there.
Registration:
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BIG "I" MARKETS SALE OF THE WEEK
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