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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 

IASC offers professional liability coverage designed by insurance agents for insurance agents through 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.

 

 The IASC Westport Professional Liability Program offers:

Stability

  • Rated A : XV by A. M. Best Company
  • Flagship carrier of the Employers Reinsurance Group
  • Largest underwriter of insurance agents E&O in the country
  • "Big I" affiliation since 1972; writing insurance agents E&O since 1962
  • Commitment to the Independent Agency System

Advocacy

IASC and IIAA member volunteers oversee the program, making it agent-sensitive and member-responsible
 

Support for Your Association

Revenues generated by IASC insurance operations support the education and information needs of all IIAI members
 

Claims Expertise 

  • Initial review by Westport staff attorney

  • Outside counsel selected from short list of experienced E&O litigators

  • Your consent required to settle a claim

Data Security Resources

Loss Control Information

  • Loss control seminars conducted by qualified speaker
  • Loss control tips provided to policyholder

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.

  **New as of May 2013: 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 through the IIAI Education Calendar.

 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.

Endorsed by IIABA and IIAI

  • Competitive pricing and coverages

  • We can provide indications from your current carrier's application!

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

Why Fireman's Fund?  

  • Competitive rating plan

  • iCustomer Series® Web site for risk management support

  • Access to the Fireman’s Fund HeritageSM Program in support of firefighters

  • A. M. Best rating of “A” (Excellent)

  • Dedicated, 24-hour claims expertise with multi-line background

  • Policies direct bill

  • Professional Liability Committee comprised of IIABA members to oversee and recommend program enhancements

  • State associations to assist you should a claim arise

Coverage Highlights

  • State-of-the art coverage form

  • $10,000/$25,000 catastrophe claims extra expense included with no additional premium charge

  • 25,000 regulatory investigation defense expense coverage per policy period

  • Up to 90 days after end of policy period to report claims and purchase extended reporting

  • Supplementary Payments of $250 per day for expenses incurred in aiding in the defense of a claim

  • Expert witness testimony covered

  • Protection when you train, manage or supervise a client in the selling of insurance products

  • Immediate predecessor firm coverage

  • Deductible options - loss only or loss and claims expense

  • Aggregate deductible applies

  • Claims made

  • Defense outside of limits

  • Broad definition of who is an insured, including spousal liability

  • Limits available to $10 million

  • Retroactive coverage and extended reporting periods offered

  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
 

 

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