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| November 2019 | ||||||||||||
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Top 3 Articles
Welcome
From the Desk of the President & CEO
The election is over and I don’t know of anyone who will miss the political ads on TV or the radio, or the Internet. Truly, Joe and I work with many of these people and while we don’t always agree with our political leaders, most are really not as bad as they are portrayed. That said, you do have to wonder about the sanity of someone who would subject themselves and their family to such abuse for a “part time” job. I’ll take many at their word in that all they want to do is help the Commonwealth of Virginia.
IIAV Member Resources
Monty Dise, President   
How to Maximize Google Alerts
I continue to be surprised by how little agency staff — especially producers — use Google Alerts.
Using Google Alerts is like having a personal virtual research assistant spending 100 percent of their time searching the web to find news, comments and articles based on keywords and phrases you select. The advantage of this personal assistant is that it doesn’t get tired, nor does it forget to do a search.
State & National News
RICHMOND – Many Virginians will soon shop for coverage during the open enrollment period for the 2020 health insurance marketplace under the federal Affordable Care Act (ACA). The open enrollment period runs from Nov. 1 – Dec. 15, 2019. After this date, consumers may only buy ACA plans if special enrollment conditions apply to them. So don’t miss your chance to purchase the coverage you need.
IIAV News
The Independent Insurance Agents & Brokers of America (Big "I") and ACORD are launching a brand new Big "I" member benefit. Starting Jan. 1, 2020, Big I members with annual P&C gross revenue of less than $50 million will receive a complimentary license to use ACORD forms.
On Jan. 1, 2020, ACORD will begin charging all users of ACORD forms a fee, including agents, brokers, and carriers. Currently, most agents access ACORD forms via their agency management systems. The Big I negotiated an agreement with ACORD and the association will pay ACORD an annual fee for use of the forms.
Your agency does NOT have to pay the fee to ACORD, and you will experience no change in your workflow or use of ACORD forms beginning on Jan. 1, 2020, with the exception of an initial, and then annual, validation to confirm Big "I" membership. This will be executed in a simple clickthrough acceptance.
Independent agencies and brokerages that do not belong to the Big "I" national association, will have to pay fees to ACORD or join the Big "I" to take advantage of this benefit and so much more!
Effective Jan. 1, 2020, new risk management (formerly loss control) credit compliance and credit options will be available to Westport clients.
The main change is the credit will remain on your account for two years instead of three. Click "Learn More" to see all the changes coming.
IIAV has two programs for generating leads both for our agency members and our associate members. Upcoming Events
Education
What is MLIS?
Management Liability Insurance Specialist
Why MLIS?
Whether it's the result of an intentional malicious action or an honest mistake, it is possible that every business will at some point have to deal with a lawsuit as a result of its business actions.
In order to prevent a claim from causing devastating financial and reputational failure, every business should have the right insurance coverage. While there are two main policies that cover claims of negligence or improper conduct leading to losses, Directors & Officers (D&O) and Errors & Omissions (E&O) insurancethey are absolutely not interchangeable.
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