Price: Member: $110 / Non-Member $180
Location: Online via Zoom
1.5 CE credits for general licenses
Did you know that an error determining a person's auto Grid step could result in a huge premium difference? A 5% premium reduction for each Grid step up to -10 and a 23% increase for each Grid step above the entry level could make an enormous difference for clients. If a client was incorrectly placed on the Grid when the Grid was implemented, and renewals took that Grid step as the correct placement for that past year, then years of premiums could be at stake. Learn how to calculate anyone’s Grid step accurately and how to best assign drivers to vehicles while considering the Grid. You will also gain insights on how the newly implemented DCPD will impact your clients' Grid rating.
Topics covered:
- Relevant date, what is it, and why is it important?
- Relevant driver, occasional driver, and experienced driver—what is their relevance
- The criteria used to determine the Grid step
- The Grid, how to calculate it, where to find it.
Instructor | Katy Lovegrove, BA, CAIB
Joining Sage Advisor Resources Corp. as account executive for the IBAA member E&O program in February of 2022, Katy brings over 17 years of experience in the industry. She obtained her CAIB (Honors) designation following a Bachelor of Arts degree and has spent much of her career working front line sales and service positions in brokerages of varying size in both Alberta and Manitoba where she was often tasked with training staff. A lifelong learner, Katy looks forward to sharing her knowledge and passion for the industry.