 'Tis the season for holiday bazaars! Events held by churches and community organizations provide a marketplace for many home-based businesses to place their goods for sale. Holiday crafts, baked items, retail toys and more help everyone to get into the holiday spirit. These home-based businesses should have insurance coverage and would benefit from RLI's Home Business Insurance policy.
Home-based business owners may think their homeowners or renters policies will cover liability and medical payments resulting from their business activities. In reality, most policies exclude coverage for business exposures.
Ask your customers about their home-based business exposures and review their policies to see if they need additional coverage. For holiday bazaar vendors, RLI's Home Business Insurance policy can be written for those who:
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make holiday cakes, pies and cookies
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sell popcorn/candy and nuts
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make ceramics, handicrafts and wood products
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make holiday cards, including photographers
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sell games, puzzles and retail toys
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sell antiques and art
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make leather goods and clothing
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make costume jewelry
See the full list of eligible businesses!
Many holiday bazaar venues require vendors to list the event organizer and property owner as an Additional Insured, and RLI can accommodate that as well.
Coverage includes up to $1 million in business liability protection, up to $100,000 comprehensive coverage for business personal property and $5,000 per person for medical payments to customers injured on-premises and coverage for loss of income. The product is targeted to more than 143 retail and service risks that present minimal product and/or professional liability exposures. Coverage also extends to business personal property that is in transit or temporarily off-premises when an insured is offering products at community centers, churches, local malls, etc.
For more information on RLI's Home Business Insurance Policy, or to contact your state's administrator, visit www.iiaba.net/homebusiness.
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SPECIAL FEATURE
Meet Cyber Program Manager Carla McGee
 Meet Big "I" Markets' dedicated cyber program manager and learn what she's seeing in the field.
Why is cyber liability an important coverage to understand and offer?
The need for Cyber Liability coverage is imperative to the continuation of a business after a breach. In addition to independent agents educating their consumers on the need for cyber liability insurance, some businesses are purchasing coverage due to third party requirements.
Unfortunately, many business owners do not understand that cyber crimes happen to all sizes of businesses.
Larger businesses may have more… Click here to read the full conversation and FAQs.
Contact McGee with your cyber program questions at carla.mcgee@iiaba.net.
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Lay-Up With Chubb Recreational Marine
 As the summer boating season winds down, boat owners across the country are beginning to prepare their vessels for winter storage. To help customers with this important lay-up process, Chubb is sharing its "Going Into Lay-Up" tip sheet, along with a full length "Going Into Lay-Up" brochure. Developed by Chubb's team of highly experienced marine specialists, these education resources are designed to help yacht and boat owners store their vessels safely over the winter and ensure readiness for spring commissioning next year. We encourage you to share this valuable information with your clients whenever possible. You can download the PDFs from the following links:
Chubb Recreational Marine - Into Lay-up Tip Sheet (PDF)
Chubb Recreational Marine - Into Lay-up Brochure (PDF)
For over a hundred years, Chubb and its predecessor companies have offered unparalleled stability and protection for small boats, yachts, luxury mega-yachts, and more. Whether your clients own a runabout, sailboat, yacht or mega-yacht with a full-time captain and crew, Chubb offers some of the most seaworthy coverages and services available.
For more information or to request a quote haul your keel over to www.bigimarkets.com and select Recreational Marine from the product menu.
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NEW Inland Marine - Wrap-Ups, OCIPs, and CCIPs: Issues and Solutions
Big "I" Virtual University
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Dates: October 17
Time: 1:00 - 2:30pm EDT
Cost: $49 (includes live presentation, recording and written transcript)
Summary:
Insurance agents and brokers who provide services to construction managers, general contractors, and subcontractors - this is a MUST ATTEND EVENT for you.
You will come away from this workshop with:
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An understanding of the use of CIPS and current trends
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The ability to identify issues inherent with CIPs
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Contract documents
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CIP manuals
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CIP policies
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Useful tips and solutions you can use to better advise your clients and structure appropriate insurance programs
Don't miss this overview of the major additions, deletions, and revisions you need to understand in order to advise your clients.Please send any questions to VU staff. Review all VU education offerings here.
Registration:
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NEW Lightning Learning for November
Big "I" Virtual University
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Dates: November 8, 19, 27
Time: 11:30 - 11:50 a.m. EDT
Cost: $9.99 for all three sessions
Summary:
The VU's November Lightning Learning series features three 20-minute sessions dedicated to Trailers, BAP Coverage Symbols & Endorsements Even if you can't participate in the live sessions, you will receive a link to the on-demand recordings and can listen to them at your leisure. Register once and attend:
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November 8 - Trailers, Trailers Everywhere – But Which Policy Provides Coverage
Amazingly, trailers is one of the most common topics asked about in the VU's Ask an Expert (AAE) service. Faculty members have answered just about every trailer-related question at least 10 times.
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Which policy responds when?
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Is it the BAP or PAP that responds?
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It's a non-owned trailer being pulled by an owned auto – which policy….?
In this session we study the coverage questions surrounding trailers. We answer these and many other questions.
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November 19 – Secrets Within BAP Coverage Symbols
This session introduces and details the 10 defined BAP coverage symbols and addresses some gaps created when certain symbols, or combination of symbols are used. Beyond the 10 "defined" symbols, the ability to create and use "self-defined" coverage symbols is discussed along with various endorsements that can extend coverage to certain vehicles.
Participants in this session learn:
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Why Symbols 2+8+9 do NOT equal Symbol 1
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The gaps created by underwriter requests
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Why the "You" of the policy matters in relation to coverage symbols
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Which endorsements can be used to extend coverage to "unique" autos
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November 27 – Three BAP Endorsements Every Agent Should Consider
ISO offers more than 100 BAP endorsements. Out of this mass, most designed to meet the needs of a specific class of insured, there are at least three every insured should consider:
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Employees as Insureds (CA 99 33);
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Auto Loan/Lease Gap Coverage (CA 20 71); and
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Rental Reimbursement (CA 99 23).
In this session we introduce and describe each of these important endorsements.
Consider presenting conference style for the entire agency to benefit. Please send any questions to VU staff.
Registration:
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BIG "I" MARKETS SALE OF THE WEEK
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