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Agents' Professional Liability

Errors & Omissions Coverage

E&O Coverage That’s Right for Your Business
 
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.

 

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.