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Commercial Foundations

 

Unlock Your Agency's Potential: Elevate Your Understanding, Transform Your Practice

 

 

 

 

 

 

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Workshop Details:

  • Dates: 3 Weeks, starting April 23rd, ending May 9th
  • Time: 1pm CST
  • Format: Virtual, Live Sessions, twice per week
  • Duration: 60 minutes per session
  • Price: Regular $129 | ASNOA Advantage: $79 

        

         Register Now

 

Are You Ready to expand your knowledge and sales strategy in Commercial?

In today's rapidly evolving business landscape, mastering the complexities of commercial insurance isn't just an advantage—it's a necessity. Premier Strategy Box (PSB), in collaboration with ASNOA, proudly presents a groundbreaking workshop designed to empower your agency with the knowledge and tools to navigate the intricate world of commercial insurance with confidence and expertise. Join us for an immersive three-week journey, featuring two sessions per week, where we delve into the core pillars of commercial insurance, ensuring you and your team are not just prepared but poised to excel.

 

What You Will Discover

Week 1

Building Your Foundation

 

General Liability

  • Understanding the Core: Break down the definitions and components of General Liability insurance to grasp its fundamental importance in protecting businesses against third-party claims of bodily injury, property damage, and more.
  • Rating Factors Decoded: Dive into the factors that influence General Liability insurance costs, including business type, size, location, and risk exposure, to better anticipate and manage your insurance expenses.
  • Real-World Applications: Explore everyday use cases demonstrating how General Liability insurance acts as a critical safeguard for businesses, mitigating financial risks from common operational incidents.

 


 

 

Business Owner's Policy (BOP)

  • BOP Explained: Unravel the integrated coverages within a BOP, including property insurance, liability protection, and additional coverages, offering a comprehensive understanding of its role as a bundled insurance solution for small to medium-sized businesses.
  • Tailoring Your BOP: Learn about the customization of BOPs to fit specific business needs, examining common endorsements and exclusions, ensuring your coverage aligns with your unique risk profile.
  • BOP in Action: Discuss scenarios where having a BOP can be the difference between recovery and financial setback for businesses, highlighting the policy's practical benefits and limitations.

 


 

Week 2

Expanding Your Safety Net

 

Workers Compensation

  • Fundamentals and Purpose: Understand the essentials of Workers Compensation insurance, focusing on its purpose to provide medical benefits and wage replacement to employees injured in the course of employment.
  • Determining Factors in Pricing: Analyze the key factors that influence Workers Compensation insurance costs, including industry classification, payroll, experience modification rate (EMR), and safety records.
  • Case Studies: Examine real-life examples to see how Workers Compensation supports both employees and employers, navigating through claims processing and emphasizing the importance of workplace safety and compliance.
 

Umbrella vs. Excess Liability

  • Clarifying the Distinction: Distinguish between Umbrella and Excess Liability insurance, understanding their roles in extending coverage limits beyond underlying policies for comprehensive risk management.
  • Strategic Coverage Layers: Discover how to strategically layer your coverage to maximize protection against catastrophic losses, considering factors that dictate when and how to use each type of policy.
  • Practical Considerations: Explore case studies illustrating the critical importance of Umbrella and Excess Liability insurance in protecting assets against significant claims and lawsuits.

Week 3

Navigating the Complexities of Modern Risks

 

Directors & Officers (D&O) and Professional Liability

  • Protection for Leaders and Experts: Decode the protections offered by D&O and Professional Liability insurance, safeguarding against claims related to management decisions and professional services errors, respectively.
  • Risk Assessment and Management: Learn about the assessment of risks specific to company leaders and professionals, and how these policies can be tailored to address diverse exposures.
  • Navigating Claims: Discuss scenarios and case studies highlighting the importance of D&O and Professional Liability insurance in defending against legal actions and claims, underscoring the value of these coverages in maintaining operational integrity.
 

Cyber Liability

  • Cyber Threat Landscape: Gain a comprehensive understanding of cyber risks and the critical role of Cyber Liability insurance in protecting against data breaches, cyberattacks, and other digital threats.
  • Coverage Nuances Explained: Delve into the specifics of Cyber Liability insurance, including coverage components, common exclusions, and how policies can be customized to fit different business models and sizes.
  • Implementing Best Practices: Through examining real cyber incident case studies, learn how to combine Cyber Liability insurance with cybersecurity best practices to create a robust defense against evolving cyber threats.

ASNOA Advantage - Special Pricing for Members!

Week One

 April 23rd and 25th
Time: 1pm CST
Format: Virtual, Live Sessions
Duration: 60 minutes per session

Sessions: General Liability and BOP

Week Two

April 30th and May 2nd
Time: 1pm CST
Format: Virtual, Live Sessions
Duration: 60 minutes per session

Sessions: Workers Comp and Umbrella

Week Three

 May 7th and 9th
Time: 1pm CST
Format: Virtual, Live Sessions
Duration: 60 minutes per session

Sessions: D&O and Cyber

Access this transformative workshop series for just $79 per person! Experience the ASNOA advantage and embark on a journey toward growth, innovation, and success in commercial insurance.

REGISTER NOW

 

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