Big I Virginia E-News

 

 

If we didn’t discuss the events of recent weeks throughout the state, we could almost be accused of being color blind — pun intended. While not specifically addressing diversity, IIAV’s efforts at outreach have been long standing and on-going. Right or wrong, we have not conducted ourselves under a banner of “look what we’re doing” and it’s likely because I have felt that our efforts are targeted to supporting independent insurance agents regardless no matter who, what, when or where. That said, although I’ve called out and been vocal when I saw actions that I thought were just wrong, it would not be appropriate or relevant to outline those examples.

 

 

Your organization sends out hundreds – if not thousands – of emails every week to clients and prospects. Every one of these emails is a branding and sales opportunity.

 

Q: My employee is planning a vacation to a beach destination that has had growing COVID-19 infections. Is it okay if I ask the employee to self-quarantine upon her return?

Below is a short video on Agency Cash Management Strategy that may be of interest. You will hear InsurBanc Business Development Officer Patricia Smith discuss the need for new and established insurance agencies to consider creating an effective cash management strategy to handle the collecting, management and investment of an agency’s cash.   

In June, MassMutual will launch CareChoice Select, a level-premium, 12-pay whole life insurance policy with long-term care (LTC) riders. The product offers clients an attractive option to address their LTC protection needs and can be an important part of their overall life insurance and retirement strategies.

“WFH” (Working From Home) is a new acronym that we are all just learning.  There’s no doubt about it.  The pandemic has super-charged the remote working trend.  Despite barking dogs, romping kids and the constant temptation of the refrigerator (or a nap) just a few steps away, many of us are finding out that we can, in fact, do much of our work quite effectively without commuting to the office every day.

 

During the 2020 session of the Virginia General Assembly Senator Stephen D. Newman introduced SB735 for the purpose of regulating the “Peer To Peer” automobile rental industry in Virginia. For those of you who are not aware of the “Peer To Peer” auto rental industry, it is the personal auto equivalent of AirBnb short term home rentals. The bill was originally introduced in the 2019 Virginia General Assembly session but was sent to DMV for study and recommendation. The study process took many months, involved a diverse group of “interested parties” (IIAV was part of the study group), and resulted in SB735. The bill was passed and became law July 1, 2020. The following is a brief description of how it relates to and deals with the Virginia personal auto policy:

 

Our next conversation will take place on Wednesday, July 22nd from 1:00pm - 2:00pm.

 

While we are excited to have guests back in our classroom, safety is our priority over all else.  We have carefully and thoughtfully created procedures to increase the safety of our course attendees, instructors, and the IIAV team.  We will continue to monitor the situation closely and will adapt when and where it is necessary to do so. We are also offering hybrid option in the event that you are not comfortable or it is not convenient for you to participate in person.

 

Check out all that 2020 has to offer here! Click learn more to see what's coming up for the rest of the year!