For 40 years, the Big I Professional Liability Program underwritten by Westport Insurance Corporation, a member of Swiss Re Corporate Solutions (rated A+ Superior by A.M. Best), has been the premiere choice of IIABA member agents for insurance agents and brokers E&O insurance. Compare the SwissRe Westport policy with your current policy by using this checklist: EOCoverageChecklist.pdf
Here are just a few of the coverage benefits of the Swiss Re policy:
- Coverage for the sale of both Property/Casualty and Life and Health insurance products
- Limits of liability up to $20 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 state)
- Multiple extended reporting period options
- True worldwide protection
- Coverage for advertising, libel and slander
- Catastrophe Expense $25,000 per policy period
- Subpoena Coverage $10,000 per policy period
- 1st Party Personal Data Breach (cyber) $25,000 per policy period
- 3rd Party Personal Data Breach (cyber) $1,000,000 sublimit
- Deductible reduction up to $12,500 per claim for risk management activities
Here are some useful documents:
New Business Application
Cluster Supplement
Additional Entity Supplement
Employment Practices
Life & Health Supplement
Mutual Funds/Investment Supplement
Loss Control Credit
Name Change
Merger/Acquisition Supplement
Volume Change