6. Errors and omissions insurance for your agency (E&O)
More than a policy – this is a program involving insurance as well as support for loss control. IIABAZ 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, also with Fireman’s Fund the second largest market for insurance agent E&O.
Westport (Swiss Re): For 25 years, the Big “I” Professional Liability Program underwritten by Westport Insurance Corporation, a member of the Swiss Re Group (rated A+ Superior by A.M. Best), has been the premiere choice of IIABA member agents for insurance agents and broker E&O insurance. The preferred programs include broad E&O coverage tailored to your agency’s needs.
Westport applications:
Westport E&O
EPL stand alone
EPL (10 or fewer employees)
Real Estate E&O
Fireman’s Fund: An additional Insurance Agent’s 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.
Fireman’s applications:
Fireman’s Fund E&O application
Fireman’s Fund E&O renewal
Send completed application to IIABAZ of AZ service subsidiary: Insurance Agents Services inc. E-mail attachments to joni@iiabaz.com or fax to 602-468-1392.
The Independent Insurance Agents and Brokers of Arizona has access to 14 other insurance Agent & Broker markets to serve your needs. Our goal is to help you be a success.
Agency Shield ProgramTM
Your agency can further reduce your risk for E&O exposures by participating in Swiss Re’s Agency Shield Program™ (ASP™). Exclusively for Swiss Re / Westport policyholders, the ASP™ was designed with all the tools you need to reduce E&O exposure, improve client service and build sustainable, profitable processes. In addition, upon completion your agency is eligible for a 10% credit at your next insurance agency E&O renewal.
The program starts with an easy, yet comprehensive online survey about your agency’s processes and current risk exposures. After completion, Swiss Re’s ASP™ Coordinators will assess your survey and develop a detailed action plan that identifies areas of improvement in your current policies and procedures. The action plan includes a series of easy to implement steps and recommendations for reducing E&O exposure, strategies to ensure high-quality client service, and counsel on ensuring compliance.
The goal of the ASP™ is to help your agency establish a standardized process that makes your E&O procedures focused and efficient throughout your agency, ultimately leading to better productivity and increased profits.
Click here to learn more about the ASP.
Virtual Risk Consultant
The Big I Advantage® Virtual Risk Consultant powered by Rough Notes ("VRC") is an online sales and service resource designed to help your agency better serve your customers. Using this tool will lead to increased sales by improving your staff’s knowledge of a prospect’s operation enabling them to better identify and cover customer exposures. The VRC will help your staff better understand the product they sell. It will also assist agency staff with preparing proposals, explaining complicated insurance terms, and most importantly documenting client files. It is truly a tool that will increase the professionalism of staff and help your agency grow while limiting your exposure to E&O claims.
To see the VRC in action, click here to experience a limited demo.
Big "I" members have exclusive access to Big I Advantage® Virtual Risk Consultant. Similar products sell for thousands of dollars. Big "I" members enjoy a deeply discounted rate:
Agency Size (per state) | Annual Subscription Price | Four-Year Subscription Price
(Best Value!) |
Up to 15 users per agency | $250 | $750 |
More than 15 users per agency | $500 | $1500 |
Click here to learn more about the VRC.
LOG IN to the VRC
PURCHASE the VRC
Other products mainly for the agency
