The Big “ I " also opposes any policies that would harm the Write-Your-Own ( WYO ) Program , including WYO reimbursement reductions , and undermine the valuable and trusted role that independent agents play in the offering , sale and servicing of flood insurance . Finally , it is essential for FEMA to communicate with agents more clearly so they can explain rate setting and changes in premiums to their customers now that Risk Rating 2.0 has been fully implemented . •
supports the “ Disaster Mitigation and Tax Parity Act of 2023 ," which would eliminate this federal taxation and encourage the implementation of much-needed mitigation measures .
3 ) PROTECT THE FEDERAL CROP INSURANCE PROGRAM ( FCIP )
As Congress negotiates a new five-year Farm Bill it is critical to support policies that strengthen the stability and effectiveness of the FCIP . Crop insurance is an important risk management tool that helps farmers navigate the challenges posed by weather , supply chain disruptions , and uncertain markets . The Big “ I " supports a strong and robust FCIP that provides certainty for farmers and communities and is strongly opposed to any legislative or regulatory efforts to reduce FCIP funding in the new Farm Bill or otherwise weaken the efficient and effective private sector delivery of crop insurance .
4 ) EXTEND AND REFORM THE NATIONAL FLOOD INSURANCE PROGRAM ( NFIP )
The Big “ I " strongly supports reauthorization of the NFIP before its expiration and recognizes the importance of a modernized program to increase take-up rates in both the NFIP and the private market . Specifically , the Big “ I " supports H . R . 900 , which would allow private flood insurance to satisfy continuous coverage requirements and ensure that consumers who leave the NFIP for the private market , but are later forced to return , can do so without penalty .
The Big “ I " also opposes any policies that would harm the Write-Your-Own ( WYO ) Program , including WYO reimbursement reductions , and undermine the valuable and trusted role that independent agents play in the offering , sale and servicing of flood insurance . Finally , it is essential for FEMA to communicate with agents more clearly so they can explain rate setting and changes in premiums to their customers now that Risk Rating 2.0 has been fully implemented . •
BIG “ I ” PROFESSIONAL LIABILITY ONBOARDING
September 2022
OUR AGENCY BELIEVES IN REDUCING E & O EXPOSURE
PROFESSIONAL LIABILITY .
Whether you ’ re a seasoned producer , account manager or just beginning your insurance career , we developed some customized training videos that will help you better serve our customers and avoid potential E & O claims . We feature 13 core videos on topics that frequently drive E & O claims and are challenging topics for many agents . There are also several videos that are optional viewing on business income and workers compensation coverage .
The videos last between eight minutes and 30 minutes and provide insight into placing that type of coverage . Because agents ’ professional liability errors and omissions ( E & O ) is such a widespread problem for today ’ s insurance professionals , we want to ensure you view the videos to help avoid an E & O situation . The critical knowledge from our Big “ I ” experts will also help you gain technical coverage knowledge you will use throughout your insurance career .
Please take the time to review these educational videos when you are able . If you have any questions or want to discuss , please reach out to your supervisor .
Just a warning : Reading the key takeaways and handouts does not replace listening to the videos . Click the play icon to view the accompanying videos and the PDF icon to view the handouts .
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C OMMERCIAL PRODUCER & ACCOUNT MANAGER
T R AINING GUIDE & O NBOARDING
R ESOURCE
Copyright © 2022 Independent Insurance Agents & Brokers of America , Inc . All rights reserved . No portion of this document may be reproduced in any manner without the prior written consent of IIABA ®.
The E & O Guardian Commercial Lines Producer Onboarding guide will take you through 13 core videos critical to your onboarding process and includes key takeaways and links to accompanying handouts .
Access to the E & O Guardian risk management website is an exclusive Big “ I ” member benefit . Content may be accessed by Big “ I ” members , with key resources reserved for exclusive access by Swiss Re Corporate Solutions E & O policyholders
* You will be prompted to login with your Big “ I ” membership credentials to access this resource .
DOWNLOAD IT NOW AT https :// eoguardian . com / commercial-producer-onboarding /
10 KANSAS INSURANCE AGENT & BROKER