December 2019 UIA e-Newsletter
In this Issue
Dental Program – sign up today
DocuSign – Member Benefits
UIA Membership – 2020 Renewal
2020 Corporate Partnership Opportunities
ACORD Forms – What’s Really Happening?
Social Media Tips
Agency E&O: Risk Rises Along with Rates
2020 Commercial Insurance Rates to Increase
Event Calendar – Don’t Miss Out
Dental Coverage – available now!
Visit UIA’s home page to learn more and sign up.
- Always open enrollment – available year around.
- Three coverage options – you pick your coverage and cost.
- Orthodontic coverage options.
- All owners, managers, staff, and their families are eligible.
- Standard program waiting periods can be waived with proof of prior coverage.
Contact Matt Child for more information – (801)269-1200 or mattchild@Utahia.org
DocuSign – UIA member discount!
UIA has partnered more closely with DocuSign to assist you in creating a fully digital agency.
DocuSign partners with many of the top AMS systems, many of which have built out of the box integrations that allow you to digitally sign within the system you already invested in.
Reach out to IIAUtah@docusign.com to learn more about DocuSign and your AMS and to receive the UIA discount.
UIA Membership – 2020 Renewal
Log onto www.Utahia.org and renew your membership today!
Why agencies joined UIA in 2019?
- 2 hours of Classroom CEper year for each licensed person in your agency.
- Simply e-mail UIA your staff names and license numbers and receive the CE.
- Profit Sharing Program – starting January 1, 2020.
- Workers Compensation, Cannabis, Safeco, MetLife, and much more.
- Dental Coverage available for you, your staff, families, and even your customers.
- ACORD Forms Access – for free.
- Market Access.
- HCIT, Mexico, Umbrella, WCF, Cannabis, P&C, Commercial, Special Events
- Exclusive Member Pricing.
- Agency Management, Payroll, Comparative Raters, & more.
- E&O Markets.
- Over 60 markets available.
- Professional Development.
- CE, CISR, CIC, Rubles, and sales training
- National and local brand recognition.
- Agency best practices.
- Networking Opportunities.
Click Here to Join or Renew with UIA
UIA Corporate Partnerships
With growing agency membership, and more opportunities to interact with agencies than ever – the value of corporate participation has never been greater.
UIA encourages all carriers and service providers to join UIA as corporate sponsors and gain the recognition and increased value that comes with interacting with over 1,000 agencies and over 3,000 licensed insurance professionals.
Click HERE to join UIA as a corporate sponsor.
Thank you to the following companies that have already chosen to support UIA in 2020:
Cochrane NAICO Prime Capital Premium Finance Auto Owners
Paul Davis Restoration Employers AmTrust Farmers Union
First Insurance Funding Safeco Liberty Mutual Am Wins
Alpine Cleaning & Restoration
What’s Really Happening?
Earlier this year, ACORD announced they will begin charging agencies for the use of their forms in 2020.
Your membership in UIA will ensure your access to ACORD forms will continue without additional cost. UIA will automatically report your membership to ACORD. No additional effort needed to realize this benefit.
- Active UIA member agencies with annual revenue under $50 million will not be charged.
- ACORD has not formally announced how they will charge agents – only that they will charge for use.
UIA will host our Spring Conference in beautiful St. George, UT in March. I encourage you to join agents, company representatives, and professionals for this amazing event.
CE, Classroom Credit (3 Hours) Networking Opportunities
Professional Improvement Discounted Hotel Rate Available
Early Registration Incentive Drawing
Event Registration – Click Here
Hotel Room Reservation – Click Here Lower Rates Negotiated for Conference Attendees
1 CE Credit Speaker Sydney Roe
2-2:30 Vendor Interaction Opportunity
2:30 CE Credit Speaker Terry Bucker
CEO, The Bucker Company “Building a Business of Value”
3:30 – 4 Vendor Interaction Opportunity
4 CE Credit Speaker Cameron Tolman Podium
8:30 State Cornhole Championship
11 Professionally Guided Tours w/ Lunch - Mountain Bike or Hike
Sponsoring Partners – Thank You!
Alpine Cleaning & Restoration Burns & Wilcox West Pac
Capital Premium Finance Paul Davis Restoration Belfor
Prime Cochrane HCIT BBSI
Social Media Tips
Provided by Little Dog Media (UIA’s Social Media Editor)
1. Review your business information and graphics on Facebook
- Check your phone number, address, website, etc. and verify that all information is correct and complete.
- Make sure your cover photo and profile picture are properly sized and not blurry.
2. Update your listing on Google My Business
- Go to Google.com and search your business name and location.
- Check your information on Google and update if needed.
- What is your Google rating?
- Do you have any reviews? Have you responded to your reviews?
- Are your graphics up to date?
3. Encourage check-ins at your business
- Ask customers, coworkers, and visitors to use the check-in feature on Facebook and Yelp to share their location.
4. Engage with your followers
- Reply to comments and messages you receive.
- Leverage customer testimonials.
- Post content every other day.
Post tips to help your followers and their families stay safe. Some examples include: keeping your Christmas tree properly watered; installing Christmas lights on your house; favorite holiday recipes.
Share tips on avoiding wildlife collisions and what to do if a collision occurs.
Encourage seasonal home maintenance for fall and winter, to help your followers avoid costly damage to their homes. Share a preventative home maintenance checklist.
Share local weather advisories, as well as tips and checklists on how to prepare for and/or recover from severe weather.
Share scary facts and statistics on distracted driving, along with tips on how teens and adults can avoid distracted driving.
Contact Little Dog Social Media for help with all your social media needs!
Please like Utah Independent Agents on Facebook!
Little Dog Social Media
446 N Mechanic St. Cumberland, Md.
Agency E&O: Risk Rises Along with Rates, Cats and Customer Switching
By Andrea Wells
Agency errors and omissions (E&O) coverage is likely the most important insurance policy an agency purchases. As customer demands rise to an all-time high, having the right E&O coverage and ensuring best practices are followed to prevent E&O claims is more important than ever. Today agencies must be diligent about best practices at every level of the organization to protect against E&O claims, experts say.
Errors and omissions best practices at the agency level have never been more important than today, according to Rex Hickling, president of Premier Group Insurance, in Denver, Colo.
For 2020, Expect Biggest Commercial Insurance Hikes in Years:
Willis Towers Watson
North American commercial insurance buyers will face sizable price increases in 2020, across most lines of insurance, according to insurance broker Willis Towers Watson’s 2020 Insurance Marketplace Realities.
While the report finds that capacity is available in all but the most challenged lines, Willis Towers Watson says underwriters are showing unprecedented discipline in its deployment, especially for risks they find perilous.
Overall, with buyers sitting squarely in a seller’s market, 19 lines are expected to see price increases according to the report, with property, umbrella, and public company directors and officers (D&O) experiencing the most widespread hikes (20% and higher) and capacity withdrawals. Across two lines, international casualty and surety, the company expects price decreases. Six lines — fiduciary, environmental, marine, political risk, kidnap and ransom, and terrorism— will have a mix of both or flat renewals.
Calendar of Events
1 UIA Agency Membership Renewal
28-31 CISR & CIC Sandy, UT
TBD Legislative Lunch on the Hill Capitol Hill, SLC
12-13 Spring Conference St. George, UT
17-20 CISR & CIC Sandy, UT
8 March Madness Lunch
20 UIA Golf Tournament
9-11 Annual Convention