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This Week in Insurance: Jan. 9–13, 2017

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Tuesday, January 10, 2017

Wednesday, January 11, 2017

Home-based business insurance: An untapped market

(FAIA Member Services) Permanent link

A homemaker bakes and sells goods locally. A recent college grad designs websites for local businesses. A retired music teacher gives piano lessons.

There's an endless list of possibilities for entrepreneurs to do business from home—and all of these scenarios require insurance.

According to a recent report of U.S. businesses by The Global Entrepreneurship Monitor, 69 percent of new businesses start at home—and 59 percent of those continue to operate from home after the startup phase. That means some of your customers likely have a home business exposure you don't know about.

Many home-based business owners believe their homeowners or renters policy will cover any loss or damage to their business equipment, supplies, inventory and the like. They're wrong: Most policies exclude coverage for business exposures on the premises. As an agent, you should regularly ask each client about any home-based business exposures, then review their policies to determine if they need additional coverage.

RLI's At Home Business policy provides affordable coverage for home-based businesses, including:

  • Up to $1 million in business liability protection
  • Up to $100,000 comprehensive coverage for business personal property
  • $5,000 per person for medical payments to customers injured on premises
  • Loss of income

The product targets more than 100 retail and services risks that present minimal product liability or professional liability. Coverage also extends to business personal property that is in transit or temporarily off premises, such as when an insured sells their products at a county fair, trade show or gallery.

For more information, contact Lynn White, senior RLI account manager, at 893-4156, ext. 322; or Stacey Chester, RLI account manager, at 893-4156, ext. 349.

This Week in Insurance: Dec. 12–16, 2016

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Tuesday, December 13, 2016

Friday, December 16, 2016

This Week in Insurance: Dec. 5–9, 2016

(This Week in Insurance) Permanent link

Monday, December 5, 2016

  • Florida Workers’ Compensation JUA, Executive Compensation Committee teleconference, 11:00 a.m. To participate in the call, contact Kathy Coyne at 941-378-7408. 

Tuesday, December 6, 2016

Wednesday, December 7, 2016

  • Citizens Property Insurance Corporation, Sheraton Orlando North. 
    • Board of Governors, 9:00 a.m. To participate by teleconference, dial 1-888-942-8686 and use code 574-373-5657#.
    • FMAP Board of Governors, meeting begins at the conclusion of the Citizens Board of Governors meeting. To participate by teleconference, dial 1-888-942-8686 and use code 574-373-5657#.
  • Florida Workers’ Compensation JUA, Board of Governors teleconference, 10:00 a.m. To participate in the call, contact Kathy Coyne at 941-378-7408. 

2017 National Alliance Course Offerings

(The National Alliance) Permanent link

Whether you are working toward your CISR or looking to fulfill your CIC update requirement, FAIA, through its partnership with The National Alliance for Insurance Education & Research, offers a robust list of courses and institutes. 

New for 2017 is the CIC Commercial Multiline Institute, where students explore commercial multiline exposures and become familiar with important coverages. Topics covered include: 

  • Businessowners Policies
  • Commercial Inland Marine Concepts & Coverages
  • Crime Coverages & Endorsements
  • Cyber Exposures and Coverages
  • Employment Practices Liability Insurance
  • Excess Liability/Commercial Umbrella Coverages

Visit the complete course calendar for more information and to register.

2017 CIC Schedule 

2017 CISR Class Schedule
 

This Week in Insurance: Nov. 28–Dec. 2, 2016

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Monday, November 28, 2016

  • Florida Workers’ Compensation JUA, Reinsurance Committee teleconference, 3:00 p.m. To participate in the call, contact Kathy Coyne at 941-378-7408. 

Tuesday, November 29, 2016

Wednesday, November 30, 2016

  • Citizens Property Insurance Corporation, Claims Committee teleconference, 10:00 a.m. To participate in the call, dial 1-866-361-7525 and use code: 521-967-6193#. 
  • Florida Workers’ Compensation JUA, Operations Committee teleconference, 11:00 a.m. To participate in the call, contact Kathy Coyne at 941-378-7408. 

Thursday, December 1, 2016

  • Citizens Property Insurance Corporation, Consumer Services Committee teleconference, 10:00 a.m. To participate in the call, dial 1-866-361-7525 and use code: 648-781-1621#. 

This Week in Insurance: Nov. 21–25, 2016

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Tuesday, November 22, 2016

  • Florida Legislature, Organization Session, 10:00 a.m., Tallahassee. 

This Week in Insurance: Nov. 14–18, 2016

(This Week in Insurance) Permanent link

Tuesday, November 15, 2016

  • Department of Financial Services, Rule Workshop, Insurance Claim Mediation, 10:00 a.m., Tallahassee. 
  • Florida Workers’ Compensation JUA, Investment Committee teleconference, 10:00 a.m. To participate in the call, contact Kathy Coyne at 941-378-7408.