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.

Westport Insurance Company

Errors & Omissions Insurance
Running an agency is complicated enough; your E&O purchase should be easy. You simply want to place your coverage with the most respected name in the business...that name is Westport Insurance Corporation. Long recognized as a leader in professional liability insurance, Westport offers financial stability with an A.M. Best rating of A. Westport has impeccable credentials and has had experience in writing E&O insurance for state associations for over fifty years. With one of the best policy platforms in the business today, Westport and your association are ready to serve you at any time. For more information, please contact Kathy Roberts by telephone at 800-898-0821 or email, kroberts@msagent.org.

E&O Coverage Highlights
Working with our partners at Swiss Re, we have created one of the strongest and broadest coverages in the marketplace. Structured using a modular approach, our policy provides solid core coverage, as well as coverage units to insure against other exposures of concern. 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 $15 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 
• Available coverage units:
     *Employment Practices Liability
     *Real Estate Agents E&O 

 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, 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.    

Agency E&O Umbrella
A commercial umbrella, underwritten by Westport Insurance Corporation, a member of the Swiss Re Group, and rated A+ by A.M. Best is now exclusively available to IIABL members.

PROTECT your business with an E&O umbrella endorsed by IIABL and IIABA.

CONSOLIDATE coverages with one carrier and avoid potential gaps,

SECURE your agency’s future with the largest writer of agents professional liability in the country.

For more information, please contact Kathy Roberts at 800-898-0821 or by email kroberts@msagent.org.  

Employment Practices Liability
As a professional, you may feel confident about your abilities to handle personnel issues in your agency. However, you can't be everywhere all the time. It is vital to your organization to have a ready means of defense from an action initiated against you or someone in your agency. The action may be a groundless retaliatory act or one which the courts might find justifiable. Through the ERC EPL policy, you are provided a defense and you are insured for damages caused by covered wrongful employment practices.

You are also covered for employment related acts of discrimination. In the past five years, over $1 billion have been paid to claimants of wrongful employment practices. The business world is changing; an error in your agency employee handbook or orientation program, an error in your job application or your interview process can be a potential liability situation for you and your agency.

For more information, please contact Kathy Roberts at 800-898-0821 or by email kroberts@msagent.org.  

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.

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: