For over 25 years the Big "I" Professional Liability program underwritten by Westport Insurance Company, a member of Swiss Re Corporate Solutions (rated A+ Superior by AM Best) has been the premier choice of IIABA member agents for insurance agents and brokers insurance.
Why Swiss RE?
- Exclusive loss prevention resources including: risk managment website, E&O Happens - their risk management newsletter, E&O Claims Advisor, and E&O self audit guide.
- An exclusive policy form and premium credits filed on a Risk Purchasing Group basis giving Big 'I' members tailored coverage.
- A dedicated claims staff focusing solely on defending insurance agents E&O claims. (70% of claims personnel are attorneys.)
Policy Features and Benefits
- Coverage for the sale of both Property/Casualty and Life/Health insurance
- Available limits of liability up to $20 million
- Broad definition of covered professional services and activities
- Comprehensive definition of who is an insured
- Aggregate and loss only deductible options
- Defense costs outside the limits
- Full prior acts available
- Coverage for puntitive damages where available by state
- Multiple extended reporting period options
- True worldwide protection
- 1st Party Personal Data Breach (cyber) $25,000 per policy period when qualified
- 3rd Party Personal Data Breach (cyber) $1,000,000 sublimit when qualified
- Deductible reduction up to $12,500 per claim for qualified risk management activities
Send us your current E&O application and we'll give you a quote!