Markets For Your Agency

What Our Members Say

"When we were initially looking for E&O coverage many years ago I had the attitude that we really did not need anything other than the minimum most bare bones coverage in the marketplace, because, my agency isn’t going to do anything wrong or unethical, so why would we need the best insurance?"

Since then I have seen many well-meaning agents and our agency subjected to frivolous allegations, and complaints and yes even times when we have screwed things up.  

"Having competent legal representation provided by our coverage with first dollar defense has mitigated our exposure and defended us against all allegations. We have been approached to change carriers and providers and it just is not worth the risk to our financial future to not have the best policy covering our agency. For us that is the program provided through IIABCal.”

John Bradford
McGee & Thielen Insurance Brokers
Sacramento

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Program Advantages

DISCOUNTED PREMIUM: A 10% credit on your Swiss Re Corporate Solutions E&O premium may be earned by attending an approved 3 hour risk management seminar prior to your policy anniversary (or within 30 days after your policy inception/renewal date). The number of agency staff required to attend is based on agency size. The credit is applicable for two consecutive policy terms. Learn how to advantage of risk management premium credits here (link: Premium Credit - Big "I" E&O Guardian (eoguardian.com)

For more than 50 years, insurance agents and brokers across America have trusted Swiss Re Corporate Solutions to protect their business, reputation and assets. Swiss Re Corporate Solutions is proud to be endorsed by the IIABA, IIABCal and all Big “I” state associations nationwide.

Based on its experience and strong commitment to the Agency E&O market, the IIABA-Swiss Re Corporate Solutions Agency E&O Program is considered a pillar of the industry. Policy features include:

• Agency E&O Application for Quote
• Rated A+ Superior by AM Best
• State of the art coverage form exclusive to Big "I" Members
• Claims-made coverage with full prior acts
• Coverage for the sale of both Property/Casualty and Life/Health insurance products
• Limits of liability up to $30 million
• Broad definition of covered professional services and activities, including negligent referrals
• Comprehensive definition of insured
• Aggregate deductibles available
• Defense cost outside the limit
• $25,000 1st Party Personal Data Breach in addition to the policy limit
• $1,000,000 3rd Party Personal Data Breach sublimit
• No consent to settle (hammer) clause as long as policy is in force
• Crisis Management coverage; up to $20,000 per policy period for fees, costs, and expenses incurred within 6 months of a crisis event, in addition to the policy limit.
• Deductible reduction up to $25,000 per claim, no limitation on the number of claims
• Catastrophe Expense $25,000 per incident, $50,000 per policy period, in addition to policy limits
• Regulatory defense $100,000 per policy period in addition to the limit of liability
• Key Employee Assistance, $5,000 reimbursement in event of death or unexpected medical incapacitation of a key employee
• Pre Claim Assistance covering expenses as a result of investigating a potential claim
• Insolvency for carriers with B or better AM Best rating
• True worldwide protection
• ​Several options to earn premium discounts up to 20%
• Swiss Re recent enhancements (PDF)

All descriptions of coverage are subject to the terms, conditions and exclusions of the individual policy.