Big I Virginia E-News

Independent Insurance Agents of Virginia

Welcome

 

S & W Ins Agcy                                   Sterling                       Dist. 5 

 

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737398&issueID=85289 to view the full article online.

 
From the Desk of the President & CEO
I know it sounds trite, but I can’t tell you how many times I’ve heard, “You get more out of being involved than what you put into it.” And yet it’s true, because I hear it over and over again. And why not — when you meet with high level professionals and hear their thoughts, issues and concern, you can’t help but get a lot out of the exchange. 

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737334&issueID=85289 to view the full article online.

 
The Security You Need. The Name You Trust.
Berkshire Hathaway GUARD Insurance Companies®
Berkshire Hathaway GUARD Insurance Companies are rated A+ “Superior” by A.M. Best (as of 4/20/2021) and backed by the financial strength of our ultimate parent, Berkshire Hathaway, Inc.  In Virginia, we offer a full product suite for your commercial clients that includes a Businessowner’s Policy (with typical limits up to $20 million; $50 million for select classes), Commercial Auto, Commercial Umbrella, Professional Liability, and Workers’ Compensation.  “Pay-as-you-go” billing options are also featured.
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State & National News
  
Solicitation of Comments Regarding the Elective Pass-Through Entity Tax Guidelines
During the 2022 Session, the Virginia General Assembly enacted House Bill 1121 (2022 Acts of Assembly, Chapter 690) and Senate Bill 692 (2022 Acts of Assembly, Chapter 689), which permit a qualifying pass-through entity (“PTE”) to make an annual election to pay an elective income tax at a rate of 5.75 percent at the entity level.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737355&issueID=85289 to view the full article online.

  
Speed Cameras in Chesapeake School Zones Catch More than 1,400 Motorists Going Too Fast — in a 2-week Span
More than 1,400 motorists were caught speeding in Chesapeake school zones the last two weeks of May, and the police department’s new speed cameras have the videos to prove it.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737356&issueID=85289 to view the full article online.

Goodville Mutual
RT Specialty - Richmond
IIAV News
  
Summer in the Workplace
While summer evokes different thoughts for everyone, it stands out as a unique and anticipated time of the year. Summer also means different things from workplace to workplace. Some companies allow a relaxed pace during the summer months while others are full-steam-ahead since it’s their peak season.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737351&issueID=85289 to view the full article online.

  
IIAV 124th Annual Convention Concludes with Professional Recognitions
The IIAV 124th Annual Convention concluded last week with the presentation of the Golden Eagle Award to Tyler Hancock of the Ford & Thomas Insurance Agency in Richmond, and Chris Swain with Progressive as the Company Person of the Year. 

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737359&issueID=85289 to view the full article online.

  
Big I Submits Testimony for Senate NFIP Hearing; Reauthorization Bill Introduced in the House
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing, “Reauthorization of the National Flood Insurance Program: Protecting Communities from Flood Risk."

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737363&issueID=85289 to view the full article online.

  
Why Work with the Big "I" Flood Program?
As a Big "I" member, you have exclusive access to the Big "I" Flood program with endorsed carrier Selective. When writing your flood book of business through Selective, your agency can access a host of program features.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737364&issueID=85289 to view the full article online.

  
Q&A: Non-exempt Employees
Q: Do I have to pay non-exempt employees for a holiday if we are closed? Or a special rate If they work?

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737365&issueID=85289 to view the full article online.

With hurricane season in full swing, it is essential to have a plan in case of emergency.

Visit https://www.ready.gov/pet-toolkit to view the full article online.

 
  
U.S. Government Accountability Office Urges Cyber Insurance:  Action Needed to Assess Potential Federal Response to Catastrophic Attacks
Cyber insurance can help offset costs of some common cyber risks, like data breaches or ransomware. But cyber risks are growing and cyberattacks targeting critical infrastructure — like utilities or financial services — could affect entire systems and result in catastrophic financial loss.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737357&issueID=85289 to view the full article online.

  
Are You Prepared for Rising Interest Rates?
Any banker who’s lived through a few business cycles will tell you it’s nearly impossible to predict interest rate movements. According to data from the Federal Reserve Bank of St. Louis, the prime rate has changed 348 times since 1955. Over that 67-year period, the prime rate has dipped as low as 3.25% and risen as high as 21.5%.

Visit https://www.naylornetwork.com/via-nwl/articles/index-v3.asp?aid=737358&issueID=85289 to view the full article online.

I’m in Control of My Future, Are YOU?
Smart Choice®
Going independent was a challenge, but my partnership made it possible. Agents that join Smart Choice retain ownership of existing and future policies.  That’s right, agents keep what they already have, what they write and give up nothing.  Agents pay no startup fees, monthly fees, maintenance fees, or exit fees, ever.  Agents can utilize our support when they need carrier access or our expertise.
Click HERE.
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