IIAW Blog

Mallory Cornell
Mallory Cornell

Beware of the Beer Truck

You may be familiar with the saying “if you were hit by a beer truck, what would your family do?”. Now, there are plenty variations…school bus, semi, train, but they all ask the same question; is there a plan to care for your family if you’re no longer around? The same question should be asked for the business side of your life. For those agency owners, having a perpetuation strategy for your business is critical. For individuals within the agency, how are you sharing your knowledge and trai...
Mallory Cornell
Mallory Cornell

Can Your Website Be Used Against You?

Can Your Website Be Used Against You? Absolutely. As much as your website is a strong tool for advertising, posting information, getting referrals and even accepting payments, it also has a growing potential to be used against you in an E&O claim. Website content should receive the same consideration as a paper document when it comes to making promises and touting the skills of the agency being represented. Here are just a few risk management tips to keep in mind when evaluating the ri...

Motor Carrier Legislation Advances

It’s no secret that the IIAW has been working closely with the Office of Commissioner of Insurance (OCI), the Department of Transportation (DOT) and members of the Legislature to address the change in liability limits which was instituted for certain "for-hire" motor carriers. DOT was made aware that the lower insurance minimums dictated by the administrative code were not consistent with the requirements in statute. The department announced a change to raise the minimum requirements in May 2...
Matt Banaszynski
Matt Banaszynski

Flexing our Political Muscle: Reforming Certificates of Insurance Statutes

For years—recently with increasing frequency—agents have been asked by third parties to issue certificates of insurance that include information beyond (and potentially inconsistent with) the terms of the policy of insurance represented by the certificate. These requests present a myriad of potential E&O problems for agents. Traditionally, these requests typically have come from governmental entities, contractors, financial institutions and others who are additional insureds, certificate...
Matt Banaszynski
Matt Banaszynski

Protect Your Agency

Independent agency owners have built successful businesses around mitigating and managing the risks of their clients. Agencies provide peace of mind to their customers by, in the event of a catastrophe, protecting what’s important to them. We know that managing your agency’s risk may not always be a priority and that’s why we’re here. We understand agents because we are agents. With our finger on the pulse of what's happening in the insurance industry, we have years of experience on the fro...