We realize that protecting the future of your agency is a major priority. You trust us to represent your interests at the highest political level and as your association we also want to provide you with the security of knowing you are getting the best overall E&O value in the marketplace—not just a policy, but a comprehensive program.

Swiss Re Corporate Solutions: A Trusted Partner
For 25 years, the Big "I" Professional Liability Program underwritten by Westport Insurance Corporation, a member of Swiss Re Corporate Solutions (rated A Excellent by A.M. Best), has been the premiere choice of IIABA member agents for insurance agents and brokers E&O insurance.

The Big “I” Professional Liability Program offers not just a policy, but a comprehensive program for insurance agents. Over the past two decades the Big “I” Professional Liability Program, underwritten by Westport Insurance Corporation, a member of Swiss Re Corporate Solutions, has grown into the largest and most stable insurance agents E&O program in the nation. Our member agents and brokers nationwide look to the program for stable rates and a long-term market that they can rely on to protect their greatest assets—their businesses.

Fireman's Fund: An Additional E&O Market

With more than 25 years of experience, Fireman’s Fund is an industry leader in providing liability coverage for agents and brokers against errors and omissions. Fireman’s Fund Insurance Company is rated A Excellent by A.M. Best.  This additional E&O market is available nationwide.

Coverage Highlights and Benefits: Swiss Re Corporate Solutions

Working with our partners at Swiss Re Corporate Solutions, we have created one of the strongest coverage forms in the marketplace.   Review our policy form and you will see these are just a few of the coverage benefits of the Swiss Re policy:

• Coverage for the sale of both P/C and Life and Health insurance products
• Limits of liability up to $20 million
• Broad definition of covered professional services and activities
• Comprehensive definition of who is an insured
• Aggregate deductibles
• Defense cost outside the limits
• Available first dollar defense
• Full prior acts available
• No contractual liability exclusion
• Coverage for punitive damages (where available by states)
• Multiple extended reporting period options
• True worldwide protection
• Coverage for advertising, libel and slander
• Catastrophe Expense $25,000 per policy period
• Subpoena Coverage $10,000 per policy period
• 1st Party Personal Data Breach (cyber) $25,000 per policy period
• 3rd Party Personal Data Breach (cyber) $1,000,000 sublimit
• Deductible reduction up to $12,500 per claim for risk management activities

Coverage Benefits:

• The only P/C insurance agents and brokers E&O program in the marketplace that contributes a percentage of every premium dollar to the funding of important advocacy efforts of the IIABA.
• State associations that serve to assist you should a claim arise.
• An exclusive policy form and premium credits filed on a Risk Purchasing Group basis to give Big "I" members coverage tailored to their needs.
• Competitive pricing supported by a critical mass of premium volume to maintain rate stability.
• A partner in Swiss Re Corporate Solutions, a member of the Swiss Re Group, rated "A Excellent” by A.M. Best.
• Loss prevention materials to reduce the chance of a claim and improve business processes.
• An exclusive comprehensive risk management website including practical information and tools to help your agency avoid E&O claims – www.independentagent.com/EOhappens.
• E&O Claims Advisor– a quarterly E&O risk management newsletter available only to Swiss Re policyholders, providing valuable information to all positions in the agency.
• A Professional Liability Committee of IIABA member agents to oversee and recommend enhancements to the program to meet the ever-changing needs of agents.  

The Swiss Re policy is designed using a set of general terms and conditions and coverage modules. This allows Swiss Re Corporate Solutions the flexibility to effectively react to the coverage needs of member agents.

Sample Policy Form:

SP45840510
 

Application:
To apply for coverage, complete the Insurance Agents and Brokers Professional Liability application and forward it to the appropriate state association contact, who will contact you once the application has been received. Our application is also posted for your completion and return. The application forms are in an Adobe Acrobat Portable Document Format (PDF) to give your application a professional and clean appearance. Viewing and completing the forms requires the free Adobe Reader program which can be downloaded from  www.adobe.com.

Insurance Agents and Brokers Professional Liability application

IMPORTANT NOTE: Unless you have Adobe Acrobat software, you will not be able to save the completed application. When completed immediately print a copy and fax the application to your state association contact.

Coverage Highlights and Benefits: Fireman’s Fund

With over 25 years experience, Firemen’s Fund is a dedicated, experienced insurer of Insurance Agents’ needs – yesterday, today and tomorrow. 

Coverage Highlights

• A rated carrier written on admitted paper
• Dedicated claims staff focuses exclusively on insurance E&O claims
• Long-standing market player in Agents E&O 
• Coverage for the sale of both P&C and L&H
• Choice of three endorsements for sale of Financial Services Products
• Broad definition of covered professional services and activities 
•  Available first dollar defense 
•  Policy limits available up to $10,000,000
• Aggregate deductible applies
• Expert witness testimony covered
• Protection when you train, manage or supervise a client in the selling of insurance products
• Market-quality Insolvency coverage
• Broad definition of  “who is an insured”
• Retroactive coverage and multiple extended reporting periods offered
• Three-tiered Employment Practices Liability offered by endorsement
• $10,000/$30,000 catastrophe claims extra expense included with no additional premium
• $35,000 regulatory investigation defense expense coverage per policy
• Up to 60 days after end of policy period to report claims and purchase extended reporting
• Immediate predecessor firm coverage
• Supplementary Payments of $500 per day for expenses incurred in aiding in the defense of a claim

The Fireman’s Fund policy offers broad coverage tailored to insurance agencies. 

Sample Policy Form:

FFIC Policy Form

Application:

To apply for coverage, complete the Fireman’s Fund Insurance Company Independent Insurance Agents application electronically and email it to the appropriate state association contact, who will contact you once it is received.  This application is a pdf form that MUST be completed by typing the information directly into the form, saved locally, then after completion digitally signed and sent via email to the state association contact.  Viewing and completing the form requires the free Adobe Reader program which can be downloaded from www.adobe.com.   If you have any questions completing this pdf form, please contact your state association.

Fireman’s Fund Insurance Company Independent Insurance Agents Application