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E&O
If you have any questions, please contact Tracey Moore and Jessica Bentley at TeamEO@bigi.org or (317) 824-3780

 

Tracey Moore 
 
Tracey Moore
Jessica Bentley
 
Jessica Bentley

Swiss Re 

IIAI offers professional liability coverage designed by insurance agents for insurance agents through SwissRe/Westport, the nation's largest and most reliable provider of insurance products for agents. 

  • Broad E&O coverage - tailored to your agency's needs.
  • Catastrophe Extra Expense - pays extra claim expenses you incur following a catastrophe.
  • Regulatory Defense - provides legal assistance for, and pays expenses related to, a complaint or investigation brought by a state insurance regulatory agency.
  • Subpoena Reimbursement - provides legal assistance for, and pays expenses related to, a subpoena for documents or testimony not related to an E&O claim.
  • Employment Practices Liability - stand-alone or by endorsement to your E&O policy.

Swiss Re/ Westport 
Working with our partners at Swiss Re Corporate Solutions, we have created one of the strongest coverage forms in the marketplace.

  • Rated A+ by A.M. Best
  • State of the art coverage form exclusive to Big "I" Members
  • Claims Made Coveage
  • Coverage for the sale of both Property/Casualty and Life/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 limit
  • $25,000 1st Party Personal Data Breach (cyber)
  • $1,000,000 3rd Party Personal Data Breach (cyber) sublimit
  • Full prior acts available
  • Deductible reduction up to $12,500 per claim for risk management, no limitation on the number of claims
  • Catastrophe Expense $25,000 per policy period
  • Regulatory defense $25,000 per policy period
  • True worldwide protection
  • 10% premium credit three years for attending an approved loss-control program
  • 10% Premium Credit for five years for an having an approved in-house E&O audit

 

Why choose Swiss Re/ Westport?

  • Exclusive loss prevention resources including
    Risk management website newsletter
  • An exclusive policy form and premium credits filed on a Risk
  • Purchasing Group basis give Big “I” members tailored coverage
  • Dedicated claims staff focuses solely on defending insurance agents E&O claims, 70 percent of claims personnel are attorneys
  • Rated “A+” (Excellent) by A.M. Best


Data Security Resources

Loss Control Information

Producer Online/Virtual Risk Consultant

E&O Happens

Check out the risk management website, E&O Happens availabe to policyholders providing:
 

E&O claims frequency data

Real-life case studies and analysis
Sample client letters​ ​Sample agency procedures
Agency E&O self assessments ​ ​Podcasts on important E&O topics
E&O tips ​ ​Agency E&O related articles

 

Loss Control Discount

This 10% discount is available at each Westport policy anniversary for IIAI member agencies that complete the IIAI/Westport E&O Loss Control Course.  For new Westport policyholders, the discount will be applied back to the inception date of the new policy if the agency qualifies within 30 days of the inception date.  The discount applies for three years, as long as you don't have a “chargeable” claim, and as long as the agency maintains sufficient staff attendance to fulfill the loss control attendance requirement.  (See definition of "chargeable" claim below.)  If a chargeable claim does occur, the loss control credit may be regained one time by reattending the loss control seminar prior to the following policy anniversary.

Individuals may complete either the in-person course offered by IIAI at locations around the state of Indiana OR the online live webinar course now offered by IIAI. Registration is available here.

 The number of people required to complete the course is based on the size of your agency:

Agency Staff Size​
Total ​​​​
Attendees Required​
     
​1
​1 Attendee
1
Active Agency
Pri​​ncipal, Partner or Officer
   
​2-7
​2 Attendees
Made up of:
1
Active Agency
Pri​​ncipal, Partner or Officer

1
Producer/CSR

 
​8-20
​4 Attendees
Made up of:
1
Active Agency
Pri​​ncipal, Partner or Officer
2
Producer/CSR
​1
Active Agency Principal, Owner,
Partner, Officer, Operations Manager or Producer
​21-50
​6 Attendees
Made up of:
1
Active Agency
Pri​​ncipal, Partner or Officer
4
Producer/CSR
​1
Active Agency Principal, Owner,
Partner, Officer, Operations Manager or Producer
​51+
​10 Attendees
Made up of:
1
Active Agency
Pri​​ncipal, Partner or Officer
7
Producer/CSR
​2
Active Agency Principal, Owner,
Partner, Officer, Operations Manager or Producer
 

 

Good claims experience

This tiered discount is available to IIAI member agencies at each Westport policy anniversary as long as the agency doesn't have a "chargeable" claim.  Available beginning the third year of continuous coverage at 10%, then 15% the fourth year, and 20% for the fifth year and after.

 

Definition of a "Chargeable" Claim:

A chargeable claim is defined as an E&O claim for which any expense payment, any loss payment, or any loss reserve is made or established by or on behalf of the insured in excess of the following values based on GAP size.  Payments made by you within your deductible don't count.  (GAP = Gross Annual Premium, which is calculated as P&C premium volume for last 12 months plus L&H commissions for last 12 months)

Minimum Gross Annual Premium
Minimum Loss to Lose Credit
$1.00 - next level ​
​ $10,000
​$5,000,000 - next level
​$15,000
​$10,000,000 - next level
​$20,000
​$25,000,000 - next level
​$25,000
​$50,000,000 - next level
​$30,000
​$75,000,000 - next level
​$35,000
$100,000,000+ ​ ​$40,000
 

 



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Fireman

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 (E&O) – one of the biggest issues they face in an increasingly complex world. The company is the second largest writer of Agents E&O coverage in the country.

Fireman's Fund

With more than 25 years of experience, Fireman’s Fund is another industry leader in providing E&O liability coverage for agents and brokers.

  • Rated A by A.M. Best
  • State-of-the-art coverage form, exclusive to Big "I" members
  • Claims Made Coverage
  • Coverage for sale of both Property/Casualty and Life/Health
  • Limit of Liability up to $10,000,000
  • Broad coverage tailored to insurance
    agencies.
  • Broad definition of who is an insured, including spousal liability
  • Aggregate deductibles
  • Defense costs outside the limits
  • $50,000 first party personal data compromise breach response for the accidental loss of client data, with optional higher limits available
  • No 3rd Party personal data compromise
  • Full prior acts available
  • First claim deductible is waived if you have been insured and claims free with Fireman’s Fund for five or more years
  • $10,000/$30,000 (per catastrophe/per policy period) catastrophe claims extra expense
  • $35,000 regulatory investigation defense expense coverage per policy period
  • True worldwide coverage
  • 10% premium credit three years for attending an approved loss-control program
  • E&O Audit credit is not available

Why choose Fireman's Fund?

  • Competitive rating plan
  • Access to the Fireman’s Fund Heritage Program in support of firefighters
  • Rated “A” (Excellent) by A. M. Best
  • Dedicated, 24-hour claims expertise with multi-line background
  • Policies are direct bill​
Application and Supplemental Questionnaire

When the application and supplemental are complete, please digitally sign the application, then email it along with a copies of the licenses & resumes/work histories of the agency principals, and currently-valued 5-year loss runs for any previous E&O coverage to:

If you have any questions, please contact Tracey Moore and Jessica Bentley at TeamEO@bigi.org or (317) 824-3780


  The number of people required to complete the course is based on the size of your agency:

Agency Staff Size​
Total ​​​​
Attendees Required​
     
​1
​1 Attendee
1
Active Agency
Pri​​ncipal, Partner or Officer
   
​2-7
​2 Attendees
Made up of:
1
Active Agency
Pri​​ncipal, Partner or Officer

1
Producer/CSR

 
​8-20
​4 Attendees
Made up of:
1
Active Agency
Pri​​ncipal, Partner or Officer
2
Producer/CSR
​1
Active Agency Principal, Owner,
Partner, Officer, Operations Manager or Producer
​21-50
​6 Attendees
Made up of:
1
Active Agency
Pri​​ncipal, Partner or Officer
4
Producer/CSR
​1
Active Agency Principal, Owner,
Partner, Officer, Operations Manager or Producer
​51+
​10 Attendees
Made up of:
1
Active Agency
Pri​​ncipal, Partner or Officer
7
Producer/CSR
​2
Active Agency Principal, Owner,
Partner, Officer, Operations Manager or Producer
 

 

Want Waived Deductibles?

Big ‘I’ Fireman’s Fund E&O policy waives deductible for agencies that remain claims free and continuously insured for five years. 

The exclusive Big “I” Professional Liability Fireman’s Fund Insurance Company agency E&O policy form offers a variety of benefits that set it apart from the competition. One feature built into the base policy form is the Deductible Waiver that waives your deductible if your agency has been claims-free and continuously insured by Fireman’s Fund for five years. Whether previously insured on the non-member form or with another distribution partner, each year counts toward the five-year requirement.

This means you will not be responsible for paying your deductible when you incur your first claim. A claim made against your agency is troubling enough without having to worry about the cost associated with paying your deductible.

Learn more about this and the many other great coverage features included with Fireman’s Fund Insurance Company Pro Gard Agents E&O policy form, available exclusively to Big “I” Members, by contacting Indiana's E&O Team.
                                                                                                        
Note: These descriptions of coverage are abbreviated and are subject to the terms, conditions and exclusions of the actual policy, which forms the contract between the insured and the insurance company. 

Please have your premium finance IAPF account number and payment amount available. You may return to this site to make future one-time payments.  No scheduled recurring payments are available through this site at this time. Any declined payments may result in additional fees.

Pay by ACH debit:

Please complete the ACHAuthorizationForm-EO.pdfACH Authorization Form and return to TeamEO@bigi.org


Pay by Credit Card:


Credit Card Payment