| |  |  | Special Feature * Advantages of Big 'I' Membership * Agency Management * Back to Basics * Commercial Lines * Personal Lines * Insurance Laws & Statutes/Coverage Resources |
|
|  |  |
 | Have you heard about the Micro-Businessowners Coverage form developed by ISO in 2019? Here is an overview of the form’s coverage and limitations. This form may be a good and inexpensive answer for your smaller entrepreneurs without commercial property exposures.
|
|
|  |  |
 | The Bobby Salmon Big "I" Relief Fund is available to provide financial assistance to insurance industry personnel impacted by catastrophic occurrences not covered by their own insurance or other grants and funding sources. Questions may be directed to ReliefFund@iiaba.net. |
|
|  |  |
 | According to research the average person has a total of 24 minutes a week to dedicate to learning. Our current insurance education system doesn’t cater to this reality. The industry needs to adopt “micro learning” as an alternative to the current multi-hour sessions. State DOIs tend to have issues with this concept; this article addresses these issues and how they really are non-issues. |
|
|  |  |
 | Recently our faculty was asked to identify the Top 3 ways to minimize E&O claims. In this article, we'll provide their responses, along with an article from our E&O carrier on how the hard market affects agents' exposure to E&O claims and how they can mitigate this exposure. |
|
|  |  |
 | Can information inadvertently left on a Certificate of Insurance limit the breadth of protection extended from the policy? The real question is, does a COI alter coverage? |
|
|  |  |
 | In honor of Valentine’s Day (but useful year-round), this article explores how to make the most of your workforce to retain them and bolster performance. |
|
|  |  |
 | ISO endorsements are reasonably well understood due to their familiarity; but proprietary endorsements aren’t standardized or always familiar. This means agents must read all endorsements – ISO and especially proprietary endorsements. |
|
|  |  |
 | Commercial insurers have increasingly incorporated provisions into their coverage forms and/or endorsements that can create significant coverage gaps when property is insured on a blanket basis. The use of a margin clause places a cap on how much an Agreed Value option will pay on a blanket policy. In addition, a margin clause also functions with coinsurance, where applicable. This article explains the danger with real life, tangible examples. |
|
|  |  |
 | In the event of partial losses, the limit of insurance is usually adequate to include the cost of debris removal. However, in some cases, the limit might not be adequate or the commercial property form's debris removal sublimit might restrict coverage. That begs the question, "How much debris removal coverage do I need?" For this article, we polled the VU faculty, some experienced agents, and a group of risk managers to get their thoughts. In light of the 2024 wildfires in California, it's always a good idea to offer more debris removal on commercial policies. |
|
|  |  |
 | 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. |
|
|  |  |
 | The temperature got so cold that the vinyl flooring in an insured travel trailer cracked. Is this damage excluded by the “freezing” exclusion in the ISO Personal Auto Policy or does “freezing” only refer to the liquids in the vehicle? |
|
|  |  |
 | In 2021 according to the Insurance Information Institute (III), almost 24% of losses under homeowners insurance arose from water damage (including freezing-related) claims. From 2017 to 2021, III reports that the average claim severity for water damage claims for homeowners multi-peril policies was $12,514. What if some simple homeowner education could help your insureds prevent or reduce costs arising from water damage claims? Read this article for tips on preventing water damage insurance claims. |
|
|  |  |
 | Download this Duty to Defend: What the Courts Say list, organized by state, for easy reference. |
|
|  |  |
|
|
| |
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
|
|