In 2008 and 2009, I taught a continuing education course titled Certificates of Insurance, or "How I Got a Job in the Prison Laundry". Developed by Big I Virtual University, the class was a big success in terms of the number of people who attended. Certificates of insurance are, to put it in polite terms, a pain in the collective posterior of insurance agents and brokers everywhere. I wish I could say the situation has improved since I went on the road to teach that class, but if anything, it's gotten worse. Attorneys and risk managers seem to lay awake at night dreaming of new and ever more outlandish insurance requirements to go in their contracts.
A year ago, ACORD shook things up even further when a working group (full disclosure: I was a member of that group) recommended some significant changes to the ACORD 25 Certificate of Liability Insurance. Those changes have generated a fair amount of controversy among insurance and risk managment professionals, and they are the subject of a continuing education webinar I'll be presenting on October 7 titled What's Changed in the New ACORD 25 Certificate of Liability Insurance? (Remember what I wrote a few weeks ago about it not being easy to come up with good titles for blog posts? Ditto for course titles.) I'll discuss the changes ACORD made, why they made them, what New York's rules are with regard to certificates, and what agents and brokers can legally do with certificates.
The New York Insurance Department has approved this course for one hour of CE credit, and the topic is one that affects virtually every agency, insurance company and risk manager, so why not plan on spending an hour with me on October 7? And don't let your learning stop there -- Virtual University has the most comprehensive collection of information on this topic that you will find in one site; I encourage you to bookmark it. Also, they are presenting their own webinar on October 27 in which they will discuss how agents can effectively handle objections they receive to the new ACORD 25.
Online registration for my webinar is quick and easy on the IIABNY Web site. See you on October 7!