RLI Umbrella – A Smart Choice!

Posted on January 5, 2012 by

TAKE ANOTHER LOOK AT THE RLI PERSONAL UMBRELLA!
See how you can write more business
with an admitted, secure, A+ rated carrier

A smart choice for your customer
Today’s legal environment calls for extra protection for almost all your clients. Ask every new and current customer about Personal Umbrella coverage.

The RLI Personal Umbrella Policy …
Financial stability and responsible underwriting are the foundations of this program that has been consistently available for over 25 years.
• Up to $5 million in additional insurance
• $1 million Excess UM/UIM available
• Expanded underwriting – more acceptability
• No underlying carrier information required
• Immediate availability & very affordable

A smart choice for your agency
By making customers aware of these important extra layers of protection, you won’t have to answer the E & O question – “If extra coverage was available, why didn’t you offer it to your client before this accident?”

Contact us here at FAIA Member Services today and let us help.

RLI Senior Account Manager
(Clients with last names A-K)
Lynn White 850-893-4155, ext. 322
Email: lwhite@faia.com

RLI Account Manager
(Clients with last names L-Z)
Candis Adams 850-893-4155, ext. 359
Email: cadams@faia.com

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E&O Coverage Claims: Don’t Believe the Hype

Posted on January 5, 2012 by

It seems agency owners are being solicited more than ever for the placement of their Errors and Omissions insurance.  The marketing tactics are often very aggressive and include outlandish statements that promise the world in terms of coverage, claims defense, and most notably, price. Times like this call to mind the old adage, “if it looks too good to be true, it probably is.”

Comprehensive E&O insurance is a critical part of any agency’s operation, because essentially, the policy equates to claims defense. Just one denied claim can potentially bankrupt an agency, particularly when coverage is expected and no alternatives are in place. FAIA Member Services has been offering comprehensive E&O coverage available for more than 30 years—we know this insurance landscape better than our competitors because our program is agent maintained.

Many of today’s competitors, particularly those in the non-admitted market, attempt to liken their coverage to FAIA Member Services’ program by offering difference-in-conditions endorsements. Simply putting words on paper, however, does not make that coverage equal. If you want to test the non-admitted market and get side-by-side comparisons of the policy forms—let us know! FAIA Member Services has access to the same non-admitted carriers as offered by the competition. We’d be happy to detail the differences in coverage and answer your questions. Remember: FMS is a subsidiary of YOUR association; it’s part of our mission to look out for your best interest.

FAIA Member Services E&O program was born from agents’ need to cover their own professional liability exposures and has become the standard by which all others are compared. We have ample experience paying claims for all the coverage afforded, and most importantly, the sustainability of the association’s program that can be relied upon even when the market becomes distressed.

Don’t risk your agency’s future by purchasing an E&O policy that promises the world today, but could be gone tomorrow. Trust your association to look out for all of your agencies’ professional liability needs and take comfort in knowing that you are insured with the very best.

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RLI eXS Commercial Expanded Coverage

Posted on January 5, 2012 by

RLI has expanded coverage on the eXS Commercial program:

Maximum receipts have been increased from $10 million to $12.5 million on new business and from $12 million to $15 million on renewals

Maximum power units have been increased from 10 to 15 on both new & renewal business

The Uninsured Subcontractor Exclusion has been eliminated as a required form for contractors

Added class 91583 as an eligible code (to allow for GCs handling residential remodeling projects)

These enhancements are available now for quoting both new and renewal business with effective dates of 07/20/11 or later.  Send Acord 125 and Acord 131 forms to Lynn White at lwhite@faia.com or Candis Adams at cadams@faia.com for a quote.

RLI’s eXS  Liability is an excess policy that can be written over existing general liability, auto liability and employers’ liability policies for small businesses  Liability limits range from $1 to $5 million and the program provides coverage to over 300 classes of business, including commercial and industrial contractors, lessor’s risk, condo associations, restaurants, retail stores, mobile home parks, etc.

Go to our Member Services website at faiams.com for a complete Hazard Guide listing.

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Tornado Preparedness Checklist for Your Agency From Agility Recovery

Posted on January 5, 2012 by

Last Year, 15 states were hit by severe tornadoes. All told, 240 tornadoes were reported and 43 people lost their lives.

The economic impact on the business community has yet to be determined, but one thing is certain, those businesses with a continuity and disaster recovery plan in place are the key to recovery for some of the hardest hit areas.

The following checklist will help mitigate the risk to your agency, and help protect your most important asset – your people.

Click to download.

If you have additional questions, or for information about Agility Recovery, please call 866.364.9696 or visit agilityrecovery.com.

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FAIA Member Services Announces Two New Partners!

Posted on January 5, 2012 by

FMS is pleased to announce that we have added two new partners to our agent offering – Cypress P&C – Homeowners (3, 4 & 6), Dwelling Fire & Artisan General Liability Programs & Ovation Payroll Services.  In our continuing effort to supply top quality carriers to our member agents both Cypress and Ovation Payroll have stepped forward to partner with us to offer their services.

Cypress Property and Casualty Insurance Company has successfully provided its partner agents and policyholders a broad array of competitively priced products designed to meet the unique needs of the Florida marketplace. Cypress’s strategy has remained consistent – offering solutions to the ever-changing Florida personal lines and small commercial markets.

Its quoting platform is designed for ease of use and facilitates agents and CSRs service to their customers. Most importantly, Cypress delivers a claims model that engages the insured and agent throughout the process, providing prompt and fair resolution.

Cypress has a strong financial base; developed through careful risk management ensuring adequate resources are there to protect all of their policyholders should the need arise. They currently maintain one of the lowest premiums to surplus ratios in the Florida market. Cypress has appointed FMS as its agent: FAIA members needing a market for homeowners, dwelling fire or artisan general liability can be appointed as sub-agents.

Cypress Property and Casualty Insurance Company is a Florida-domiciled company headquartered in Jacksonville. They carry rating of “A” Unsurpassed by Demotech, Inc., only one of 4 carriers earning Demotech’s highest rating. You can learn more about this company by visiting their website: www.cypressig.com.

Ovation Payroll Services understands that other companies are setting aggressive goals to gain big market share in all insurance and benefit lines—health insurance, Workers Compensation and 401k plans. In other words, they want your business, and they’ll do just about anything to get it.

But Ovation is different. They won’t go after your clients, because they play well with everyone. (OK, everyone except other payroll companies.) They’refriends with trusted advisors (like you).

If you’re a health insurance agency, Ovation can:

  • Automatically send HSA payments to the appropriate accounts on payday.
  • Protect your book of business by agreeing not to offer competitive services to your clients.

If you’re a property and casualty agency, Ovation can:

  • Offer an integrated “pay-as-you-go” solution for your clients, through select general agencies and carriers.
  • Protect your book of business by agreeing not to offer competitive services to your clients.

Partnering with Ovation also makes you more competitive, because you can offer our full line of services to your clients. It also offers you another revenue stream and co-branding channels to sell more of your services.

For more information please visit our website at www.faiams.com or contact Candis Adams 850-893-4155 ext. 351

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