Insurance Coverage for Your Clients
IIAC Announces a
New Member’s Benefit for Coastal Homeowners
and the Connecticut Big I Agent Association are pleased to announce that UPC
Insurance is a Homeowners market now available for Connecticut Big I agents.
Connecticut is UPC’s 11th state and is now open for business! Through a partnership
with UPC, IIAC members will have access to a standard homeowners market
specializing in coastal property.
UPC has a long track record
of supporting agents and paying policyholders' claims while maintaining
financial strength and stability. UPC Keeps the Promise® by
providing world-class insurance products and services to more than 307,000
policyholders in 11 states, representing more than $561 million of total
in-force premium. UPC Insurance is a publicly traded company on NASDAQ (stock
symbol: UIHC). Learn more about UPC and the five foundations of UPC
insurance by viewing the Company Brochure.
UPC is offering HO3 and Flood coverages in
the state. The Company has plans to
introduce Dwelling Fire, Renters, and Condo Owner policies in the future. UPC Insurance’s HO3 product offers dwelling,
personal property, loss of use, and liability coverage to the owner/occupant of
a private residence. Optional coverages are available allowing policyholders to
tailor the policy to their unique needs. Some of the features and optional
coverages available in this program are:
UPC is open for ALL locations and protection classes – including the coast
No mandatory wind/hail or hurricane deductibles
Multiple discounts available to save consumers up to 60%.
Coverage available for 1-2 family dwellings including secondary and seasonal homes
Find peace of mind
with Identity Theft Restoration, Equipment Breakdown, Water Backup and Sump
Overflow, and Watercraft and Sailboat Endorsement.
For more information on this program, please
contact Warren Ruppar at
RLI’s stand-alone Personal Umbrella Policy (PUP) can provide up to $5 million worth of coverage above and beyond the insured’s underlying homeowners and automobile policies, which makes it a perfect solution for hard to place personal lines accounts.
No minimum volume requirements
No access fees
Direct bill to the insured at renewal
IIAC members earn 10% commission on new and renewal business
Does not require or desire underlying policies
New and renewal
business can now be paid with a credit
RLI is admitted and A.M. Best "A+" rated
New RLI Personal Umbrella Underwriting Changes Begin June 1st!
Major underwriting changes for the RLI Personal Umbrella policy will begin effective June 1, 2018. The major changes to the eligibility guidelines are summarized below:
- Drivers under the age of 20 will be eligible with one (1) incident (violation OR at-fault accident). Previously, drivers age 20-21 were eligible with one incident, while those under the age of 20 were ineligible. As a result, the yes/no question pertaining to a driver under the age of 20 with an incident has been removed.
- Drivers under the age of 22 will be eligible with basic underlying automobile limit B (250/500/50 OR 300/300/50 OR 300 CSL). Previously, drivers under the age of 22 required basic underlying automobile limit of A (500/500/50 OR 500 CSL). Note that basic underlying auto limit A will continue to give a discount.
- Up to $5M limits will be available for certain PUP Special risks. If a risk is in PUP Special due to the number of autos and/or properties (questions 1 and 2), and no other response(s) make the risk PUP Special, up to $5M limits will be available. Previously, any response that made the risk PUP Special was limited to $1M.
- Up to nine (9) residential properties rented to others that are not occupied in whole or in part at any time will be eligible. Previously, ownership of six (6) or more of these properties was ineligible. As a result, the yes/no question pertaining to six or more rental properties has been removed.
- Simplification of the farm/timberland question. Previously, RLI asked how many acres of timberland and/or land is farmed. They have removed that distinction and instead ask for how many acres of land are owned or leased.
- Simplification of the target political figure question. In most states, appointed or elected political figures lower than the state level in a political subdivision with a population above 100,000 were previously ineligible. That distinction has been removed.
- Increase of the prior liability loss amount for eligibility. Previously, the prior liability loss amount for eligibility was $25,000. Along with re-wording the question to include open liability claims or lawsuits, the prior liability loss amount has been increased to $50,000.
All of the changes described above necessitated a new paper application. While doing so, RLI also clarified the wording on several questions and definitions. Click here for a copy of the new application to review.
Should you have any questions regarding these changes, please contact your Connecticut Program Manager.
Independent Agents Services, Inc.
30 Jordan Lane
Wethersfield, CT 06109
If you are not currently appointed to write with RLI in Connecticut, please complete the Agency Contract
and submit to Rose Mullaly
. Out-of-state agencies are required to also submit a copy of their Connecticut Non-Resident insurance license and a certificate of insurance for E&O coverage listing IAS, Inc. as a certificate holder.
For additional information, please either call (860-563-6510) or email Rose Mullaly
For applications not using eSignature, credit card or ACH transfer, the original signed application and check (payable to "IAS") must be mailed to:
Attention: Rose Mullaly
Independent Agents Services, 30 Jordan Lane, Wethersfield, CT 06109.
Applications cannot be sent directly to RLI.
Policies are agency billed for the first year only.
RLI’s Home Business Insurance Policy (BOP) provides great home-business coverage for over 130 classes of small retail and service type home-based businesses for a very low premium.
No minimum volume requirements
No access fees
IIAC members earn 12% commission on new and renewal business
Up to $50,000 Business Personal Property Coverage, including theft both on & off premises
Up to $1 million in Business General liability protection both on and off premises
Loss of business income protection up to 12 months available
Up to $5,000 per person for medical payments to customers or vendors injured on premises
Drone coverage is available.
Optional coverages for Money and Securities
Storage of supplies may be at a second location
A standard $250 deductible
RLI is admitted and A.M. Best "A+" rated
If you are not currently appointed to write with RLI in Connecticut, please complete the Agency Contract and submit to Rose Mullaly. Out-of-state agencies are required to also submit a copy of their Connecticut Non-Resident insurance license and a certificate of insurance for E&O coverage listing IAS, Inc. as a certificate holder.
Original signed application and check (payable to "IAS") can be mailed to Rose Mullaly, Independent Agents Services, 30 Jordan Lane, Wethersfield, CT 06109. Policy will be direct billed at renewal.
Signed application can be emailed to Rose Mullaly with request to pay via credit card or ACH transfer (do NOT include payment information in email). Agent will be contacted by Rose to obtain payment information.
PLEASE NOTE: Applications cannot be sent directly to RLI.
IIAC has prepared a simple RLI marketing plan complete with letters to help you start selling. Free consumer brochures are also available for you to download, customize, and send to your clients.
After all, It’s not just another policy sold. It’s an investment in retention.
The more accounts you have for a client, the higher your retention. Studies have shown the following retention statistics:
The chance you will still have the account at the end of 5 years are:
25% if your account consists of 1 policy
63% if your account consists of 2 policies
92% if your account consists of 3 policies
Important Marketing Links:
Insurance Underwritten by
Westport Insurance Corporation
Swiss RE Lawyers’ Professional Liability Program, underwritten by Westport Insurance Corporation (Rated A “Excellent” by A.M. Best), is designed to protect lawyers against both the typical and unique claims being asserted today.
This top-quality coverage at a competitive price includes:
Limits of Liability – begin at $100,000 per claim, $300,000 aggregate and can be quoted up to a maximum of $15 Million per claim, $15 Million aggregate to qualifying firms
Additional Claims Expense and Claims Expense Outside the limit of liability are available, subject to underwriting
Full Prior Acts Coverage available
Broad definition of Insured and Legal Services
Reimbursement for trial attendance at Westport’s request, up to $10,000 per claim against you
Swiss RE Program Extras:
Online risk control service for insureds
Access to a free, confidential claim prevention “Hot-Line” for Insureds
HOW TO SUBMIT BUSINESS
Your agency needs to be a member of the Independent Insurance Agents of Connecticut and have a completed Agents Agreement on file with Independent Agents Services. You must also submit a copy of your agency's Connecticut Insurance license and a certificate of insurance showing your agency's current professional liability insurance coverage and listing IAS, Inc. as certificate holder (if IAS, Inc. does not write this coverage for your agency). If you currently do not have an agreement, you can submit a completed agreement, copy of insurance license and certificate of insurance with your first application.
Complete the application and any necessary supplementary forms (listed below in the forms area) with your insured and fax them to: Rose Mullaly at 860) 563-6730 or email them to her at email@example.com. Please include a blank copy of the firm's letterhead.
We will send the quote to you via email.
If you would like to accept the proposal, return the quote acceptance signed by the insured and a net premium check* made payable to: IAS, 30 Jordan Lane, Wethersfield, CT 06109. Once the policy issues it will be forwarded to your office via email.
MARKETING IDEAS & DISCUSSION STARTERS
APPLICATIONS / FORMS TO DOWNLOAD
You may also e-mail these forms to your clients – for quick, clear applications!
Please remember that all applications and supplements must be printed
and signed and dated by the insured before they are submitted to underwriting.
Select the link below to view:
Comparison of CPC policy form (old form) to the PAL policy form (new form)
New PAL policy form
For more information about the Lawyers' Professional Liability Insurance Program,
contact Rose Mullaly at Independent Agents Services, Inc.
Phone: (860) 563-6510 or (800) 255-9787 / E-mail: Rose Mullaly