2022 October PIA Connecticut

President

“Professional

Dolfi

Automate social-media marketing

Automation plays a significant role in our lives. Of course, much of it is technology based. Moreover, it is a central driver within our professional, independent insur ance agencies. It helps agency owners and employees work smarter. Done right, it saves us time and money.

Where many agencies fall short is in the use of automa tion for social-media marketing. Such automation brings efficiencies. The balance is how to automate a socialmedia presence and remain engaged in a conversation with your audience. Remember, social-media marketing does not begin and end with automation.

Social-media marketing automation can schedule posts for specific days and times. However, you need to be engaged in the process from start to finish. Using tools won’t eliminate work; it simply helps you operate more efficiently—reducing what could be several hours of work each day to as little as 30 minutes—and it helps ensure a profitable online marketing outcome.

To build and implement an efficient and productive social-media marketing process, you need to combine the ingredients—personal brand ambassadorship and effec tive automation deployment—and then check progress. Here are four steps to make automation-enabled socialmedia marketing easier:

Step 1: Automate or not? It’s vital to understand when and what to automate and when to engage in the socialmedia world. Automation can be addicting. Once you unlock its efficiencies, it’s tempting to add more. Resist the temptation and do not automate every message.

Progressive Insurance learned this lesson a decade ago when it automated Twitter responses after a claims story went viral (“Progressive Robo-Tweets Spark Social-Media Crisis,” CNN.com).

Instead, automate nonurgent social posts. Start with content you’ve discovered and gathered from various sources. Finding and sharing content online is a great way to build your agency’s brand and to grow your social audience. Content from others should make up about half of your content posts.

Follow the “5-3-2” rule. The “5” refers to the number of posts out of every 10 that are from others and then shared with the relevant audience. The “3” refers to rele

vant business content generated by your own agency. The remaining “2” should be personal, nonwork-related content that helps humanize the agency and builds its brand among your relevant audience.

Notice how the term “relevant” appeared repeatedly in the previous paragraph. You need to post content on platforms that will reach the right audience and with the right content at the appropriate times.

If your audience comments on a post, you need to engage with it. Nobody likes to be ignored. In fact, when you ignore someone in the social world, your entire platform community sees your lack of response. This can lead quickly to your agency earning the reputation of being rude and socially unacceptable. Many businesses, including insurance agencies, want to automate their Rich Site Summary feeds. Bloggers often want to share their latest posts in the social world. Automation is a helpful tool with this—allowing you to transmit blogs directly to selected social-media channels. The only catch is that you want to check formatting on every blog post.

It’s important to be aware of, and respond to, feedback with RSS content, just as it is with other messages you share. Blind blasting—creating a one-way conversation— screams automation and it is a major audience turn-off in the social world.

Do not automate customer interaction. Automating more than an acknowledgment or a simple “thank you” is dangerous. Customers appreciate individual responses on social platforms. In fact, this personal interaction is what makes social media so powerful. You should never take the human side out of social media.

Do not automate troubleshooting. Real situations require real people with real answers. There may be opportunities to streamline some agency communication—common problems are fixed with simple answers. Even then, it’s best to run it by a human first.

Step 2: Pick a tool. It’s important to choose the right automation for your agency’s social marketing. The most popular sharing tools are Zoho Social, Buffer and Hootsuite. The tools integrate with Facebook, Twitter, LinkedIn, Instagram and more.

(continued

Chris Paradiso, owner, Paradiso Financial & Insurance Services

BLOGS, VIDEOS & PODCASTS

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use increased by 1,355%. Thirty-one

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HALF OF THE U.S.

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between 8:15-8:30 a.m.

popular times: between 11-11:15 a.m., and at 5:30 p.m.

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With Buffer, you can place the content you find into a queue and generate agency posts throughout the week. By default, Buffer spaces posts out throughout the day and throughout the week. At the same time, it allows a user to get ultra-specific on the day and time of the posts.

The tool comes with various features to help make updates easier. For instance, there are browser extensions to share content right from within a webpage. There are tablet and smartphone applications to share content from those devices in a few simple steps.

An important feature in Buffer—and other tools—is an analytics dashboard. When you use it, you can see what posts are read, clicked, liked, shared, commented on, etc. Learning this information can help you build even stronger content going forward.

Searching “social-media automation tools” in your web browser will return hundreds of options. Explore them. Be sure to look at Hootsuite, Buffer and any others that seem appropriate to you. When you make your choice, be sure to look for a tool that’s easy to use and that can be implemented with a short learning curve.

Step 3: Establish a schedule. You need to figure out your agency’s ideal automation schedule. The most important question to ask is: “When will I be around to respond to my audience if and when it engages with my content?”

Because two-way interaction is integral to success on social platforms, you want to be able to see and respond to the activity of your followers. Don’t forget time differences; if your agency operates in multiple time zones, consider what effect that will have on your posts’ exposure.

In addition, you need to understand when people click on, or otherwise interact, with your posts. This helps you gauge high-engagement times and allows you to schedule future posts when more people will see and connect with your content. There are several tools to help you analyze when people engage with your tweets (e.g., Follower wonk, Tweriod and SocialBro).

Step 4: Engage, learn and improve. Sustaining a socialmedia marketing strategy requires a system to allow you to stay in the conversation, such as Mention, which lever ages Google Alerts, to track your agency’s website; the names of your agents; your blogs and other content across all social-media channels.

Mention emails you when your agency, or anything you track, receives a mention in the social world. You can access the service from any device and monitor—in real

time—anything published on social networks, news sites, forums, blogs or any other webpages.

Don’t forget to turn on all social-platform notifications to be aware of engagement opportunities. Twitter, Facebook and other channels will notify you anytime anything happens with your accounts.

Another part of engagement is time. Be sure your agency sets aside time to interact. Social-media conversations represent a great way to unearth new business opportuni ties and to build relationships with existing customers, which helps at renewal time.

Use what you learn to enhance what you’re doing. Adapt to what the data tells you. Bolster your content based on audience responses. Shift your timing, if needed. Then, monitor and repeat the enhancement process.

Make it work

Following this process will help your agency save time and money on your social-media marketing strategy. As you implement these steps, it’s important to avoid the pitfalls of automation.

First, don’t take a one-size-fits-all approach. Make sure you customize your messages for different social networks. Recognize the difference between business-tobusiness and business-to-consumer platforms and drive content accordingly.

Second, don’t make timeline mistakes. Scheduling posts too far out may lead to you sharing untimely content or, worse yet, missing opportunities for timely engagement. Finally, don’t assume the social world starts and ends in your agency. Stay updated on current events and take opportunities to leverage them in all your social content and with all your audiences.

Take the right steps—and avoid certain missteps—then you’ll see increased activity, more business, and a greater return on your social-media marketing investment.

Paradiso is owner of Paradiso Financial & Insurance Services in Stafford Springs, Conn., which received the National Association of Professional Insurance Agents 2013 Excellence in Social Media Award. He formed Paradiso Pres ents LLC to teach agents how to survive in today’s complex online marketing world. The firm specializes in educating agents, carriers and associations on a range of branding, online, social and management strategies. For more infor mation and to learn about upcoming seminars, visit www.ParadisoPresents.com.

Distorted patents and

premiums

to use the patented technology

would enter the public domain.

the meantime, other companies could review the patented products, but they would need to develop their own parts for electric vehicles. This balance gave Tesla a competi tive edge while providing the rest of the market updates to further their own innovation.

While Musk may have missed that patents already were intended to share technology, he did elaborate that patents had too frequently become used to “stifle progress” and “enrich lawyers.” As technology became more advanced and patents more valuable, major corporations had turned to courts to defend their patent rights. For small or new businesses based on patented technology, the costs of defending such lawsuits can quickly subsume the company.

The origination of patents

Patents always have been part of the United States legal system, created in 1790 as one of the first ever acts of Congress intended to “promote the progress

of science and useful arts.”2 President George Washington signed the first U.S. patent on July 31, 1790, for a method of making potash and pearl ash.3 By the time the U.S. began to number patents in 1836, 9,957 had been issued.4 With patents, the inno vation would be shared and promote further development.

In addition to promoting innovation, patents also have a role in promoting entrepreneurship by giving inven tors ownership over their creations and discoveries. Ordinary Ameri cans could tinker around and create something they patented, then try to sell the new widget. For a set period of time, no one else could manufac ture that specific widget with the same design.

Publication of designs is a crucial part of patents. For businesses that prefer to keep their intellectual prop erty confidential, then they must rely on trade-secret law. Companies may choose to keep drink formulas and algorithms private via contracts and trade-secret law while still filing for patents for key technology. Eventu ally, the patented technology would enter the public domain while the trade secrets outlast statutory limits, so long as the company protects its proprietary information.

Costs of patent defense

As technology has gotten more complicated and patents increas ingly valuable to companies, the costs of defending patent rights have skyrocketed. Apple and Samsung demonstrated the importance of patents in their competition with each other when they spent seven years and hundreds of millions of dollars filing lawsuits against each other for patent violations.5 In the

end, neither company gained a significant competitive advantage and the undisclosed settlement between them likely constituted a rounding error on the balance sheets.

Such battles between multinational corporations may be a fair battle— albeit one lawyers primarily benefit from—but the risks and costs get distorted when a smaller corporation attempts to take on such a giant.

For several years, speaker company Sonos has been in a legal battle with Google over patents related to its speaker technology. Previously, Sonos had shared patented designs with Google as part of discussions to integrate Google voice-assistant technology into the speakers. With the designs patented, Sonos likely believed that its technology was legally protected, and Google always could have obtained the designs outside discussions. Initially, the U.S. International Trade Commis sion ruled in favor of Sonos, but the company has run into a bigger issue—Google has the funds to keep fighting.6 In August 2022, Google filed its own patent infringement lawsuit against Sonos, which Sonos deemed an “intimidation tactic.” 7 Aside from the highly technical and legal arguments, the continued costs of lawsuits surely will cause increased stress on Sonos against a company with far more resources.

Insuring patents

The high costs of patent litigation and increasingly technical patents have caused the price of patent insur ance to reflect the costs related to patent defense. A company such as Sonos that is known primarily for products using similar technology (interconnected speakers), then protecting that patent is crucial to the value of the business. Like any

potential risk to a business, insurance offers a protection to reduce the poten tial costs in the future.

The costs start with the application. The public nature of patents makes it possible to better evaluate the potential exposure by reviewing the protected patent and other patents filed, both in effect and those already in the public domain. Unfortunately, the technical nature of modern patents requires expertise that drives costs up before a patent holder can consider the details of the policy.

Many insurance policies focus on defense from lawsuits, in which the coverage is triggered by another party filing a lawsuit. While this option exists in intellectual property and patent insurance, offensive patent insurance offers increased protection. Sonos had to file lawsuits to defend its patented tech nology against infringement by Google—only for Google to then file lawsuits against Sonos. If Sonos had patent insurance, it would need both offensive and defensive coverage to begin to defend its patents. For a company such as Sonos, the patented technology is essential to its products and business. High premiums for a potential insurance policy would prove essential to protect the foundation of the company.

What to do about Tesla?

Tesla claimed it would not file lawsuits against any company using its patents in good faith. That being said: No company should base its core products on technology patented by Tesla. Simply asserting it would not take legal action does not actually mean Tesla has waived its right to assert ownership over its intellectual property. That risk alone would likely make it impossible to obtain patent insurance—after all, a patent is required to even consider insuring it.

What is clear is that the costs of patents and their subsequent defense mean at-home tinkers may simply keep their inventions at home.

Irvine is PIA Northeast’s government affairs counsel.

1 Tesla, 2014 (bit.ly/3pDuoCK)

2 U.S. Capitol Visitor Center (bit.ly/3R4lDNp)

3 Wired , 2008 (bit.ly/3cclUzf)

4 Ibid.

5 New York Times , 2018 (nyti.ms/2Kszvmc)

6 New York Times , 2021 (nyti.ms/3K9Jidk)

7 The Verge , 2022 (bit.ly/3dH13V3)

Brooks is proud to support Professional Insurance Agents (PIA)

Avoid a ‘slow time’ sales slump this holiday season

No matter the industry or organization, they all seem to have historically slow times of year—the holidays and summer usually are the biggest. In addition, changes in the economy, the market or industry, pandemics, and supply-chain issues also can lead to slow sales. That said, there are some things you can do about it.

You don’t have to simply accept your fate as most companies and salespeople do. Yes, this is going to require you to have an open mind. All I’m asking you to do is consider what I have to say. Worst-case scenario: nothing changes. Best-case scenario: you sell more and make more money. Either way, there is no downside to reading this article.

During down times

Be a contrarian. One study I conducted found that salespeople cut calls and activity by 37% when there’s a hiccup in the economy or market. These salespeople also cut activity in perceived slow times: around the holidays, Friday afternoons, Monday mornings, and other times when they believe their business is season

ally or otherwise slow (like the summer). According to my research—early in the pandemic—salespeople cut activity by an average of 64%. When your competitors are cutting back, this is the perfect time to make more calls and get more business. These also are times when it’s typically easier to get to decision makers. Either way, you will set yourself apart and get paid for doubling efforts.

When there are supply-chain issues, people need to order sooner even during slow times. It’s also an opportunity for them to buy more than typical, to make sure they have enough down the road just in case the supply-chain issues continue. When sales are slow, use customer sales incentives that you usually use at the end of the year or end of the quarter. Look for incentives for people to buy now.

Change your vacation schedule. Instead of two weeks straight, take one week now and one week at another time. The longer you are away from selling, the more likely that bad habits will take over and erode your sales skills. On this note, it’s a good idea to prospect every day, or as close to every day as possible. If you only prospect Tuesday through Thursday, it’s going to take you several calls to get back into rhythm after four days off.

Track your activity. Track initial calls, follow-up calls, contacts, what happened on those calls, proposals, closed sales, etc. You need to track every thing you want to improve to see where you are effective and where you are ineffective. Paying attention to these items usually leads to you doing more of them and getting better at them.

Work harder, work smarter, and work longer hours. The average person will spend years looking for shortcuts rather than taking the tried-and-true path. If you make more calls, you’ll make more sales. Simple. Also, if you look for better and more efficient ways to do things, you’ll find them and save time, effort, and energy—and be able to put that into better and more prospecting.

Use incentives. If you’re a sales leader, have incentives or contests for your salespeople. My best sales quarter ever occurred one year in the months of June, July and August—even though that was typically our slow time— because there was a contest for the top 10 sales representatives in the country to win a lavish trip to Las Vegas.

Don’t overestimate the down time. Regarding holiday season or summer, your buyers don’t go on vacation all winter or summer—usually it’s just a couple weeks. There’s still plenty of time to get to people. And overall, holidays and summers tends to find people in better moods, which leads to more busi ness. This also is true for Friday afternoons.

Set a goal. Challenge yourself to sell more during the holidays, summer and at other slow times. Compete with other salespeople. Treat it like a game. Set higher standards for yourself regarding initial calls and follow-up calls, and find someone to hold you accountable to those new standards.

Identify examples. Look for other companies in your industry, and in other industries, that always seem to perform well at the holidays and at other typical down times. Look for salespeople like this, too. In both cases, find out what they do differently from everyone else.

Here are a few other ideas for slow times:

• Brainstorm as a sales team for ways to sell more, and sell more efficiently and effectively.

• Use slow times to get better at selling. Whether individually or as a group, take time to take sales courses, read books, roleplay more—and in general, learn more about sales and selling.

• Use slow times to upgrade your technology and learn how to use it more effectively.

Finally, challenge your beliefs. Remember, whether you believe you can or, you believe you can’t, you’re probably right. Challenge the old assumptions and beliefs about slow sales times.

Out of all the people and agencies in your industry, there are those who are selling more at these times. They aren’t special. If they can sell more, you can too.

Chapin is a motivational sales speaker, coach, and trainer. For his free eBook: 30 Ideas to Double Sales and monthly article, or to have him speak at your next event, go to www. completeselling.com. He has over 34 years of sales experience as a No. 1 sales rep, and he is the author of the 2010 sales book of the year: Sales Encyclopedia (Axiom Book Awards). Reach him at johnchapin@ completeselling.com.

Regardless of their size, independent agencies track various metrics as a scorecard of the firm’s progress. The most common one is policies in force, or PIF, which tracks the agency’s paid policies. An agency’s PIF relates to persistency, which measures policy renewal ratio. The other important metric is organic growth, measuring the increase in new business that was not purchased or acquired through a merger or acquisition.

Vice President, Aartrijk

Of course, there are other metrics agencies use, but persistency and organic growth serve as the basis for the firm’s success. For most established independent agencies, the persistency ratio is healthy and above 90%. However, they often struggle to achieve organic growth targets. This can be especially true in economically stagnant areas of the country that are not growing; thus, capturing new business is essentially a zero-sum game.

So, what’s the culprit for most who struggle with organic growth?

If there is a single hallmark of running an independent insurance agency, it is the ability to multitask. Of course, being multitalented can be a blessing and a curse. If you were to write what your actual job description is, based on what you do daily, it might read as such: “… operations, human resources, recruiting, technology, service, insurance technician, carrier liaison, marketing, sales and community involvement …”

Let’s take a step back and ask the question: Where is agency revenue primarily derived from?

For most independent agencies, the answer is commission income. Yet all the above duties relate to a means, not an end. Most agencies get paid to sell policies by insurance carriers. The various duties constitute the ingredients for a successful agency, but ultimately, income is predicated on closing sales. Sure, duties can be shared, but the agency manager is busy keeping the trains running—while the customer service representatives are handling clients and producers are selling and maintaining relationships.

So, who is tasked with overseeing marketing on a consistent basis?

Before answering that question, you need to consider the relevance of setting a marketing budget for the agency.

Consider the marketing spending

Among industries, there’s a wide range in the level of marketing expenditures as a percentage of revenues. Typically, consumer-packaged goods are at the highest end, ranging from 20% to 25%. Consumer services are not far behind, at about 15%. Insurance and financial services marketing budgets range from 4% to 8% of revenues. Other industries fall in between that range.

So, in addition to pondering who should be tasked with overseeing the agen cy’s marketing initiatives, committing to investing a meaningful amount to the marketing line item is critical.

Certainly, over the years independent agencies have budgeted for marketing. But, the nature of the expenditures have—or should have—evolved along with the advent of digital marketing and social media. Most independent agencies employed a sales-driven culture more than a marketing-focused one. Tradi tionally, most of the marketing budget was synonymous with advertising, and the customary mix consisted of Yellow Pages and ads in the student yearbook and local newspaper. Funds were directed toward local charities and amateur sports—Little League baseball or Pop Warner football. That approach was tried-and-true and served many agencies well for generations.

Then, the world was turned upside down with the advent of the internet and digital marketing. Strategy and tactics now were required. In the battle between David and Goliath, David traded in his sling shot for digital marketing to

generate SEO traffic. This leveled the playing field by creating relevant, insightful content that was supple mented by a cohesive and consistent digital marketing effort.

By now, agency managers know they should have a relevant, on-brand website as table stakes. Maybe it’s interactive and has some neat features. But, is that going to achieve the firm’s organic growth targets in and of itself? Nope.

Do you have a powerful agency management system? How is that being used? Operationally? Do you have the management system inte grated with your customer relation ship management software, working together in an efficient way? Possibly. What about creating drip-marketing campaigns and relevant content that resonates with consumers? Now you’re getting it.

Stepping into the marketing role

You are likely the agency’s chief marketing officer—intentionally or by default. Now the questions are: What’s your focus and budget? And, what do you outsource? Thankfully, InsurTech is continually evolving new tools to aid the cause. An agent should look at his or her agency’s marketing budget the same way a drug company looks at R&D. If you don’t invest, the pipeline dries up.

Also, your carrier partners want you to invest and devote the effort to expanding your digital marketing reach. Ironically, if you develop a well-thought-out plan and execute on it, carriers usually will pick up some of the costs. Their frustra tion is when their offer of tools and resources go unused.

Things are changing, however. In PIA’s 2022 Independent Insurance

Agent Survey, agents were asked, “How important is it that your carrier partners offer each of the following …?” The No. 1 affirmative response by agents was Marketing and Sales Support (71.4%).

Independent agents tout that their choice of carriers provides a compet itive advantage over exclusive, or captive, agent companies. Sure, but do consumers know or even care?

Right or wrong, “ease of doing busi ness” seems to be trumping every thing these days.

As CMO, you should focus on your agency’s brand advantage —not just your competitive advantage of offering multiple companies.

When you consider your brand advantage, don’t fall into the trap of assuming it corresponds to size of the agency or its length of tenure on Main Street. Your brand advantage relates to having a consistent, welldeveloped marketing strategy that conveys your agency’s essence and resonates with your target customers about what they value, not so much what you value.

What do your customers value?

Have you asked your target audience what they value most? If they say it’s only price, it’s time to get a new target audience.

The exclusive agency companies spend billions of dollars annually to tout their brands, but are they unique brands? Lowest price? No. Unique policy form? No! Ease of doing business? Now you’re getting warmer. Recognizable brand? That helps, but most independent agency companies are appointed with one or two of the largest exclusive agency carriers and/or direct writers.

Now you’re back to your competitive advantage because your agency is a house of brands. And, that doesn’t mean you’ll write the biggest carriers, as there may be smaller companies that are a better fit for your client’s needs. However, it does allow the agency to piggyback on the massive ad outlays by the large carriers in promoting their brands.

Agents must pivot and explain that they offer a choice of companies to meet the individual needs of the consumer. Most consumers want choice, but they also seek ease of doing business in quoting, issuance and servicing. The inde pendent agency recipe of choice, expertise and a relationship must be tweaked to embrace the efficiencies that InsurTech now provides to compete with the direct writers.

EverGuard, a long-term partner for your RBT business.

• Exceptional service is an EverGuard priority

• Uncompromised program loyalty

• Great coverages at competitive pricing with available A&B, Enhancement Endorsement & more

• No limit on alcohol sales

• Package Policy: Property, GL & Liquor Liability

• Entertainment considered

• Experienced & Professional Staff EverGuard, is a superior Restaurant, Bar & Tavern market with 40+ years’ experience. Your RBT clients can depend upon EverGuard for their protection.

Our continued longevity offering an uninterrupted market assures you will receive the best product underwritten by an AM Best “A” rated carrier without program interruptions. EverGuard’s respected reputation in the RBT market speaks to our stability and reliability to provide industry leading response time and customer service to our partner agencies.

EverGuard Insurance Services 1900 W. Nickerson St., Seattle, WA 98119 EverGuard does not offer or solicit the program in the states of New Hampshire, Connecticut or Vermont.

Toasting The Perfect Partnership For Restaurants,

It’s Time to

Trusted

Program

Independent agency carriers recognize that a rising agency tide lifts all their boats. If you want your firm to ride the new wave, be sure to prioritize the job as agency CMO. Designate someone who will devote the time, energy, curi osity and passion to get the strategy done—and have the budget to execute on it. The CMO also should realize he or she is not rowing the boat alone. Rather, the CMO should serve as the marketing coxswain—the one at the helm of the boat helping everyone in the firm steer together to get the job done.

SEO: Musts for independent agents

Once you’ve given thought to your agency’s metrics and your marketing budget and plan, don’t forget about your website’s search-engine optimiza tion. Your clients and prospects are searching for you on the internet. How

easy (or difficult) is it to find you?

If you want new business, SEO is something that cannot be ignored. And even if you’re doing all the right things, it’s not something you can set and forget. Consistent, constant attention must be paid to ensure your SEO is on track.

When you are thinking about your SEO, ask yourself these questions:

• Are you publishing keywordrich, relevant content on a regular basis? Blogs and longerform articles can help with this.

• Does your site have a sitemap? And, is it indexed properly? If the answer is no to either or both these questions, the Google crawlers will have a tougher time finding content on your site. And, your rankings will suffer.

Statement of

• Have you avoided a TKO (technical knockout)? Someone at your agency—or your marketing partner—should be familiar with the technical components of SEO and how your site can flourish. Things like website load time, keyword cannibalization, redirect chains, robots, meta-data and internal links are all critical, though not glamorous. Ignore them and your agency could be completely invisible in searches.

Forget the latest rage of crypto investing and all the other current trends. Your best investment is in your agency when you are committed to

the resources to help it grow.

Packard is senior vice president of Aartrijk, an insurance brand strategy and

firm based in Fairfax, Va. Reach her at laura@Aartrijk.com.

Ask PIA hits last year

“Information, Education, Legislation! PIA—a great way to do business.”

—Nicholas Fanelli, CPCU, CIC, CLU Newberry Insurance Group

“I appreciated the detailed response. As usual, the PIA Industry Resource Center is very helpful regarding delicate matters.”

—Daniella Kirfeld Interwest United Insurance

“You are a real difference-maker for brokers on the front lines. You provide invaluable technical insight when we don’t know where to turn, which helps us compete with larger brokers and—most importantly—serve our clients.”

—Gregory C. Niccolai Madison Insurance Group

Director of

A new face for your agency

What comes to mind when you see a green mermaid wearing a starred crown? How about a red bullseye?

If you answered Starbucks and Target, respectively, you are in the majority and are part of an example of how good branding works. Branding is about creating (brand) recognition. Customers should feel familiar ity and positive sentiment when they see your logo.

What is the difference between marketing and branding?

Marketing is the doing and branding is the being, as defined by Matchstic. Creating a brand is essential for marketing and not vice-versa. Marketing is the act of amplifying your brand through communication chan nels, like social media, email marketing, and direct mail.

How do independent agents create brand recognition?

There are a few important steps to creating a brand:

Step 1: First establish who you are and what you want your brand to be. Ask yourself and your team: What do

you want customers to think of when they see your logo? What defines us as an agency and sets us apart from the competition? What are our values and mission?

Step 2: Create an impactful mission statement that reflects what your agency stands for and what sets you apart from your competitors.

Step 3: Design a recognizable logo. If you need assistance, PIA Design & Print can help. See the end of the article for more details.

Step 4: Develop a style guide, which includes logo usage, a brand color palette and font types.

Step 5: Be consistent. To create familiarity, agencies need to stick with their brand elements (established in the style guide) when designing marketing materials and adver tisements.

Step 6: Establish good customer service and commu nication with customers. This includes consistent usage of social media, email communications, telephone, and direct-mailing efforts. In addition to initiating contact, it’s important to be responsive. Customers appreciate quick and thorough responses and associate the overall sentiment with their view of your brand.

PIA can help your agency be memorable

Step 7: Make sure your team is a good fit for the brand. When hiring new customer service representatives and other staff members make sure to vet them for personality and attitude. Are they a good fit to represent your agency and brand? Programs like PIA IdealTraits or Omni assessments can help with this step.

It is all about you

Your brand should define your agency. Do you have great customer service? Do you pride yourself in being a family-run business? Ask yourself: What is your unique selling proposition? This will help you define what makes your agency special and it can help define your overall brand. Be consistent! It is all about creating recognition. Once you define who you are, what are you good at, and how you support your customers best, stick with it. Your clients will get to know you and begin associating things that remind them of your brand with your agency. This keeps you top of mind and relevant.

The three pillars

There are three pillars of a good brand: your website, your social-media pres ence, and your network.

Website. Make sure your mission statement and logo are visible on the website. This is the No. 1 pillar in the foundation of your brand. Be sure to include your team members and identify each person with a photo and a short biog raphy. This keeps your agency human and unique, and it helps show more about who is behind the brand.

Social media. Creating a strong social-media presence in essential in branding. Consistent posting with messaging that fits your mission keeps you relevant and active in customers’ minds. Technology is a huge part of the current land scape, and showing that you are up to speed with it and active builds a strong brand for your agency.

Networking. Branding is not just about show, it is also about tell and share. Make sure you are attending industry events to network, hosting your own, and simply picking up the phone to touch base with customers. Building relationships and making connections is an important part of keeping the brand alive. An example is PIA’s monthly coffee break for PIA members to come together, discuss industry matters, brainstorm and bounce ideas off each other. This is a great opportunity for members, but also a chance for PIA to show that keeping our members connected is an important part of our mission and brand promise.

Best practices

There are a few best practices in establishing brand recognition. Make sure your channels follow your brand style. This includes your website, social media, digital and print advertising efforts. If you need assistance, PIA Design & Print can help.

Use your logo everywhere. Have an office? Brand the building. Company cars? Use wraps to take your logo on the road. Create company swag with your logo (e.g., water bottles, keychains, koozies) to take to events. Get shirts made for your team in the brand color and stamp them with the logo. The more visibility, the better.

Optimize your digital channels for brand recognition. Use your logo on social-media cover photos and posted graphics. In addition to the logo, make a habit of listing your website URL as well. Make sure your logo and website URL are included on your Google listing.

Be human. Show your person ality. Do your agency staff members volunteer, contribute or partici pate in community fundraisers or events? Make sure to share this on social media. Do not forget to wear your colors and logo with company t-shirts. Also, consider campaigns in which you feature staff members or the agency owner. This helps build trust with clients as customers want to feel familiar and friendly with their agent.

Prove it. Share real-life stories of how you helped a client. Make sure to capture testimonials and share these on your website and socialmedia platforms.

Engage customers by entertaining them. Be humorous and relatable in the right setting. For example, share pets and stories on your social-media platform. You want to be relatable and engaging with your current clients and prospects.

Be conscious. Double and triple check communications. Make sure grammar and spelling is correct. Use a clean and engaging design. Remember anything you put out reflects your brand.

Be encompassing. Pick a website URL to encompasses your brand. For example, if you own John Smith Insurance Agency, pick a domain like: johnsmithinsurance.com.

Mail. Customers have the option to create and distribute a digital suite of ads based on the postcards with their orders.

The Every Door Direct Mail program, created by the USPS, provides a costeffective way for businesses to saturate a localized area and get their marketing messages directly into the hands of consumers and, optionally, local businesses.

Agents can use a digital mapping tool to select postal routes and filter down

PIA members who send direct mail using the USPS’s Every Door Direct Mail program or Targeted Direct Mail can maximize their impact by adding-on targeted digital advertising to their order. The direct mail piece is turned into a suite of digital ads. Digital ads are delivered via geofencing software to mailed recipients’ computers and smart devices.

“Creating marketing materials for your business can be time consuming and expensive,” said PIA Senior Director, Membership & Affiliate Services Dana Anaman. “We wanted to reduce some of the heavy lift for PIA members and create eye-catching, PIA-branded postcard templates that can easily be modified to highlight the services of your agency. The postcards come in different sizes, which allows you to use the USPS’s Every Door Direct Mail program or Targeted Direct Mail.”

The postcard templates are free and can only be accessed in the PIA DMV.

In addition to the new direct marketing and digital advertising services now available to PIA members, the association makes other marketing materials. These include social-media support, numerous consumer-oriented one-pagers answering common insurance questions, and an extensive series of print advertisements and radio commercials—that are available in both English and Spanish—for agencies to personalize and run in their local markets. For more information, visit www.pianational.org/marketingsupport.

Looking for a personal touch?

For those individuals who are looking for more personalized marketing mate rials, or a unique marketing campaign, they can work with PIA Design & Print, which can help you create the following materials for your agency:

business cards, letterhead, etc.

and other marketing materials

For more information on what PIA Design & Print can do for your agency log on to www.pia.org/design&print, call (800) 424-4244 or email design.print@ pia.org.

PIA members also can request a reimbursement of up to $500 when using PIA’s marketing services or PIA Design & Print services to build new business (www.pianational.org/moneyformembers).

Stern oversees the PIA brand, promotion of products and services and all other marketing duties for her department. Prior to her role with PIA, she was the director of marketing, membership & trade shows at the Railway Engineering

Suppliers Association.

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Full speed ahead.

A membership with SAN Group includes in-agency training and support from a dedicated field team, and access to all the resources SIAA has available at a national level, packaged to deliver solutions tailored for your agency’s continued success. Company access, increased income, training, technology, and more – while keeping the power to run your agency in your hands where it belongs.

In-Person or Virtual—PIA’s CIC Seminars Give You Options

Master Innovative Strategies to Maximize Coverage and Deliver Value

Collaborate with seasoned instructors and peers, in-person or online. Register today for one of PIA’s seminars, administered on behalf of The National Alliance.

October 12-13: 2022 CIC LH: Life and Health Institute (Webinar)

CE: N.Y.: 15 C1, LA, LB, LSB; N.J.: 16 GEN; Conn.: TBA

November 2-3: 2022 Ruble Graduate Seminar (Hybrid)*

The in-person seminar will take place at Harrah’s Hotel & Casino in Atlantic City, N.J.

CE: N.Y.: TBA; N.J.: TBA; Conn.: TBA

November 16-17: CIC Commercial Property Seminar (Hybrid)

The in-person seminar will take place at Selective Insurance in Branchville, N.J.

CE: N.Y.: 15 BR, C3, PA, PC; N.J.: 16 GEN; Conn.: N/A

December 7-8: 2022 CIC AM: Agency Management Institute (Webinar)

CE: N.Y.: 15 BR, C1, C3, LA, LB, LSB, PA, PC **Approved for the new NYS regulations for ethics and professionalism (1) and for insurance law (1); N.J.: 3 ETH, 13 GEN; Conn.: N/A

For more information, scan the code or go to: www.pia.org/EDU/designations/cic/ *Ruble Graduate Seminars are available as an update option for all dues-paid National Alliance designees (CICs, CRMs, CPRMs, CISRs and CSRMs). Dues-paid CISRs and CSRMs may receive up to two years’ update credit for full attendance.

COI and failure to place or renew coverage

Often, certificates of insurance create the illusion for insureds that they have insurance coverage when they do not. This can lead to an errors-andomissions lawsuit. What can you do to avoid claims related to certificates of insurance and failure to place or renew coverage?

Certificates of insurance are a frequent source of easily preventable E&O claims. The best way to do this is:

• Don’t issue a certificate of insurance until you’ve checked whether the policy has been canceled or if any endorsements have been added that may modify coverage.

• Don’t issue a certificate of insurance that lists an additional insured who has not yet been endorsed to the policy.

• Don’t assume the carrier will approve the additional insured.

• Do have a second person review the certificate of insurance for accuracy prior to release.

An account can slip through the cracks for a variety of reasons, which can result in new business not being bound, policies not renewed, or unprocessed endorsement requests. To avoid this:

• Do confirm that the carrier received your coverage request. Follow up with the carrier as needed.

• Do review the binder and policy carefully when you receive them to ensure they match the terms quoted.

• Do have a process to ensure that premiums are quickly provided to the appropriate carrier.

• Do handle mid-term requests to change coverage quickly, and follow up frequently until the request is completed.

• Do be clear to the client that coverage is not in effect until the carrier confirms coverage and, if applicable, do not promise that the coverage will be back-dated.

• Do treat accounts that are being nonrenewed as a priority. Keep a short diary to ensure coverage is replaced prior to the nonrenewal date.

• Do let the insured know as soon as possible if you may not be able to provide an acceptable replacement, and allow him or her sufficient time to shop the coverage.

Could this happen to your agency?

Scenario No. 1–Certificate of insurance: The carrier for the agen cy’s client found out the client’s car was being used for commercial purposes and it decided to nonrenew the policy. Nonrenewal notices were sent to the agency and the client. Sometime after the notice was sent, the agent sent a certificate of insur ance to the client indicating coverage was in force. The client had an acci dent and damaged another car. He claimed he never received the nonrenewal notice and stated that he believed he had coverage because the certificate indicated he did. The carrier disclaimed and the client sued the agency. The case settled for $3,500.

Lesson: Do not issue a certificate of insurance unless there is an in-force policy in effect.

Scenario No. 2–Failure to place/ renew coverage: The agent let a client’s workers’ compensation coverage lapse, even though the client (a subcontractor) had given the agency a check for the premium. This caused the general contractor’s insur ance rates to increase, as the laws of the state in which the contractor and subcontractor did business mandate that if a subcontractor has

no coverage, the general contractor becomes responsible for the workers’ compensation. The general contractor had to pay the additional costs for workers’ compensation to cover the client’s employees. A claim was made against the agency’s client by the general contractor for the increased costs. In turn, the agency’s client made a claim against the agent for failure to have the coverage in place. The claim against the agent was settled for $132,540.

Lesson: Give renewals top priority, especially if the agency has received the client’s renewal premium.

Utica National Insurance Group and Utica National are trade names for Utica Mutual Insurance Company, its affiliates and subsidiaries. Home Office: New Hartford, NY 13413. This information is provided solely as an insurance risk management tool. Utica Mutual Insurance Company and the other member insurance companies of the Utica National Insurance Group (“Utica National”) are not providing legal advice, or any other professional services. Utica National shall have no liability to any person or entity with respect to

loss

alleged to have been caused, directly or indirectly, by the use of the information provided.

are encouraged to consult an attorney or other professional for advice on these issues. © 2022 Utica Mutual Insurance Company

Replacement costs, DUI records and more

Guaranty associations

Q. I have an admitted market for a hard-to-place line. In my advertising, I would like to call attention to the protection afforded by Connecticut’s Guaranty Fund. But I recall reading this is not allowed. What’s the story?

A. You’re right to be cautious. While Sections 38a-852 and 38a-871(e) of the Connecticut General Statutes does allow for the distribution of publications describing the general purposes and current limitations of the Connect icut Insurance Guaranty Association and the Connecticut Life and Health Guaranty Association—if such publications have been approved by the insur ance commissioner. It prohibits (as a violation of C.G.S. Section 38a-815) the use of any of the publications to solicit, negotiate or procure insurance. Insurance agents can provide current and prospective customers with The Consumers’ Safety Net, which is published by the Connecticut Insurance Guaranty Association and the Connecticut Life and Health Insurance Guar anty Association. A copy of this publication can be found in the PIA Quick Source library (www.pia.org). It explains, in clear language, how the safety net operates.

Any decisions made in the purchase of insurance should not be based on the existence of a guaranty association, as the protection is not a substitute for the care in selecting companies that are financially stable.—Helen K. Horn, CIC, CPIA, CISR

DUI records

Q. Is it true that a driving-under-the-influence conviction stays on a driver’s record for 10 years?

A. Whether a court convicts a driver of driving under the influence, or it is an administrative action under the “per se” law (e.g., when the driver refuses a blood, breath or urine alcohol test), the record is maintained on the DMV abstract for 10 years.

However, if convicted in court, the court may keep the record indefinitely. —Dan Corbin, CPCU, CIC, LUTC

Guaranteed replacement cost

Q. My homeowners client, with a home that was built in 1893, is on a guaranteed replacement cost policy. Over the past four years, the company

has reappraised the home and endorsed the policy twice to show a total increase in the value from $1.5 million to $2.78 million— that’s an increase of more than $1 million! I don’t think this is fair, but what can I do?

A. Probably not much—unless the underwriter would reconsider based upon the opinion of an independent appraiser. Most guaranteed replace ment-cost endorsements or policy provisions allow the insurer to deter mine the valuation of the home for rating purposes.

The insurer reserves this right in order to be assured of adequate premium, since the limits poten tially payable are open-ended.—Dan Corbin, CPCU, CIC, LUTC

Resident relative’s car

Q. My insured has a personal umbrella policy. His mother resides with him, but she has her own car, which she insures under her own policy. Will my insured’s umbrella policy apply as excess coverage for his mother?

A. The ISO Personal Umbrella Liability Policy (DL 98 01) form defines a family member as “a resi dent of your household who is:

1. Your relative, including a ward or

foster child; or 2. Under the age of 21 and in the care of you or an ‘insured’ who is age 21 or over.”

Underlying insurance means “any policy providing the ‘insured’ with primary liability insurance covering one or more of the types of liability listed in the Declarations and at limits no less than the retained policy limits shown for those types of liability listed in the Declarations.”

Consequently, under the ISO umbrella form, a family member (i.e., the mother residing in the home) is an insured, but the underlying insurance requirement must be met.

However, personal umbrella policies often are written on nonstandard forms and they can vary from insurer to insurer, so these policies must be examined for deviations from ISO.— Helen K. Horn, CIC, CPIA, CISR

TRIA premiums–where do they go?

Q. My clients have been paying their Terrorism Risk Insurance Act premiums and they have asked me where those premiums go. Does the federal government collect the premiums?

A. No. The TRIA premiums are similar to any other coverage premiums. The carriers collect the premiums for possible claims payout. The carriers will pay claims on the coverage up to the policy limits.

Where I think you may be confused is that the federal government acts as a reinsurer for the carriers. In 2015—if the government declared a terrorist event—it would have reimbursed the carriers up to 85% (quota share) of all losses paid out over the 20% deductible. This quota share decreased annually from 2016 (84%/16%) to 2020 (80%/20%). Currently, all carriers can assess all policyholders up to 3% to reimburse the government for the recoupment of funds paid.

For more information on TRIA, visit https://fas.org/sgp/crs/terror/IF11090. pdf.—Bradford J. Lachut, Esq.

Customizing equipment endorsement

Q. We have an insured with a conversion van that has an automatic lift to accommodate a handicapped individual. The company has added the Customizing Equipment Coverage (PP 03 18) endorsement, but says that it will not cover the ramp, since the lift controls are electronic. We do not think the exclusion for electronic equipment would apply to the ramp. Who is right?

A. An electronically controlled ramp would be provided coverage under the Customizing Equipment Coverage (PP 03 18) endorsement. Coverage provided by this endorsement includes “loss to custom furnishings or equip ment,” with “equipment” being a very broad term, not limited to the four categories listed in the endorsement. The exclusion language the company cites is incorporated in the endorsement to make sure its coverage does not extend to property more specifically excluded in the policy. The exclusion in the policy for electrical equipment is limited to equipment “that reproduces, receives or transmits audio, visual or data signals,” which obviously does not apply to the ramp.

The client should understand that coverage would not be afforded for “damage due and confined to wear and tear” or “mechanical or electrical breakdown or failure,” which are excluded under PAP Exclusion 2. So, coverage would be limited to “direct and accidental loss,” including theft.—Dan Corbin, CPCU, CIC, LUTC

Nonresident licensing–Hawaii

Q. I work for an agency that operates under a business-entity license. I can handle an account in Hawaii, and I need to know can I do so under an individual nonresident license, or does the agency need to obtain nonresident licensure?

A. In this situation, Hawaii requires the entire agency to obtain licensure. The test is whether the insurer has the business relationship with the individual producer or the business entity. If the insurer pays commission to the business entity, then it is the business entity that must obtain the nonresident license.—Clare Irvine, Esq.

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OFFICERS

President Bud O’Neil, CPIA C.V. Mason & Co. Inc. PO Box 569 Bristol, CT 06011-0569 (860) 583-4127 boneil@cvmco.com

President-elect

J. Kyle Dougherty, CIC Dougherty Insurance Agency Inc. 2420 Main St., Ste. 5 Stratford, CT 06615-5963 (203) 377-4394 kyle@doughertyinsurance.com

Vice President Nathan L. Shippee Workers’ Comp Trust 47 Barnes Industrial Road S. PO Box 5042 Wallingford, CT 06492-7542 (203) 678-0110 shippee@wctrust.com

Vice President Nick Ruickoldt, CPIA The Russell Agency LLC 317 Pequot Ave. PO Box 528 Southport, CT 06890-0528 (203) 255-2877 nruickoldt@therussellagency.com

Treasurer

Kevin P. McKiernan, CIC, CPIA Abercrombie, Burns, McKiernan & Co. Insurance Inc. 484 Post Road, Ste. A Darien, CT 06820-3651 (203) 655-7468 kmckiernan@abmck.com

Secretary

Barbara J. Winsky, CPCU, AIS, ARM, ASLI, ARe, CIW, CRIS Jencap Group 1 Crestview Dr. Easthampton, MA 01027-2746 (800) 333-7226 barbara.winsky@jencapgroup.com

Immediate Past President Shannon Rabbett, CIC Rabbett Insurance Agency 233 Addison Road PO Box 665 Windsor, CT 06095-0665 (860) 688-1303 shannon@rabbett-insurance.com

PIA NATIONAL DIRECTOR

Jonathan Black, LUTCF, CPIA, CLTC, NAMSA, NSSA Curtis Black Insurance Associates LLC 57 North St., Ste. 119 Danbury, CT 06810-5626 (203) 792-3055 jblack245@gmail.com

DIRECTORS

Katie Bailey, CPIA, ACSR, CLCS The Russell Agency LLC 317 Pequot Ave. PO Box 528 Southport, CT 06890-0528 (203) 255-2877 kbailey@therussellagency.com

Scott Burns

XS Brokers Insurance Agency Inc. 225 Asylum St. Hartford, CT 06103-1516 (617) 471-7171 sburns@xsbrokers.com

Nicholas Fanelli, CIC, CPCU, CLU

Newberry Insurance Group 1760 Ellington Road South Windsor, CT 06074-2715 (860) 648-6330 papabearct38@gmail.com

Nicholas Khamarji Jr. New England Insurance PO Box 125 Easton, CT 06612 (203) 445-3594 NGK325@gmail.com

Kimberly A. Tompkins, CIC, AIS, AINS, PHM, CRIS, ACSR, CPIA Workers’ Comp Trust 47 Barnes Industrial Road S. PO Box 5042 Wallingford, CT 06492-7542 (203) 678-0110 tompkins@wctrust.com

Patrick Walsh Insurance Provider Group 100 Great Meadow Road, Ste. 705 Wethersfield, CT 06109-2355 (860) 764-0555 pat@insuranceprovidergroup.com

PIACT-YIP REPRESENTATIVE

Ryan Kelly

AJ Gallagher Risk Management 1 Enterprise Dr., Ste 310 Shelton, CT 06484-4631 (203) 367-5328 ryan_kelly@ajg.com

ACTIVE PAST PRESIDENTS

James R. Berliner, CPCU Berliner-Gelfand & Co. Inc. 188 Main St., Ste. A Monroe, CT 06468-1149 (203) 367-7704 jim@berlinerinsurance.com

Mark Connelly, CIC Fairfield County Bank Insurance Services 401 Main St. Ridgefield, CT 06877-4513 (203) 894-3123 mark.connelly@fcbins.com

Peter Frascarelli, CPIA Ferguson & McGuire 6 North Main St. Wallingford, CT 06492-3741 (203) 269-9565 pfrascarelli@fergusonmcguire.com

Michael F. Keating Michael J. Keating Agency Inc. 10 Arapahoe Road PO Box 270048 W. Hartford, CT 06127-0048 (860) 521-1420 mfkeating@keatinginsurance.com

Howard S. Olderman Olderman & Hallihan Agency 400 Main St. Ansonia, CT 06401-2303 (203) 734-1601 howard@oldhalins.com

Gerard Prast, CPIA XS Brokers Insurance Agency Inc. 13 Temple St., Floor 1 Quincy, MA 02169-5110 (617) 471-7171 gprast@xsbrokers.com

Augusto Russell, CIC Insurance Provider Group

100 Great Meadow Road, Ste. 705 Wethersfield, CT 06109-2355 (860) 764-0555

augusto@insuranceprovidergroup.com

Timothy G. Russell, CPCU

The Russell Agency LLC 317 Pequot Ave. PO Box 528 Southport, CT 06890-0528 (203) 255-2877 trussell@therussellagency.com