|Errors and Omissions|
IIAW ERRORS & OMISSIONS COVERAGE
You are about to take the first step toward getting the best, comprehensive E&O Program in the industry - Swiss Re is the Platinum Standard in E&O coverage.
As a Big "I” member, professional liability coverage is just one of your exceptional member benefits. Designed by agents for agents, our E&O Program is administered locally by the professional staff of the IIA of Wisconsin. We not only offer you a policy, but also offer you a comprehensive program, which includes:
The Big "I” has a risk purchasing group for our members which allows us to provide the best pricing available. Only members can get their E&O coverage through Swiss Re.
JOIN the Independent Insurance Agents of Wisconsin!
Click the image to play the presentation highlighting our E&O Program Highlights.
CLICK THE PLAY BUTTON IN THE BOTTOM LEFT HAND CORNER TO PLAY THE PRESENTATION OR MANUALLY ADVANCE USING THE ARROWS!
What Our E&O Program Offers You
Don't forget to include your 5 year loss runs from your existing E&O carrier.
More Benefits of Swiss Re E&O Coverage
Swiss Re is the largest reinsurer in the world. The company offers security based on more than four decades of underwriting expertise to deliver standard-setting E&O insurance. By working with independent agents, Swiss Re continually examines and refines the coverages that agents rely on to protect themselves. As an A+-rated company, Swiss Re is efficient, agent responsive and competitive. One hallmark of the IIAW E&O coverage is the stability of its markets.
The IIAW selects its carrier based on:
Another highlight of the Swiss Re policy is the deductible waiver. This feature provides a waiver of the deductible up to a maximum reduction of $25,000. Even if you have a claim, you do not lose your eligibility to qualify for this reduction. If a claim is made against you alleging that you failed to recommend a line of coverage or increased limits, but you have documentation that you did, the credit will apply. Here is the language, straight from the policy:
DEDUCTIBLE REDUCTION. If any INSURED generates and maintains contemporaneous written documentation in the agency file of the refusal of any customer to accept any type of coverage or limit recommendation made by the INSURED, and if the INSURED subsequently has a CLAIM alleging the failure to secure such recommended type of coverage or limit, 100% of the INSURED'S DEDUCTIBLE for that CLAIM will be waived up to a maximum of $25,000, or until dismissal of such allegations, whichever is first.
Additional Supplements Available
Through the Swiss Re Policy
With questions, please contact our E&O Administrator:
3/27/2017 » 3/30/2017
Agent Prelicensing School - Property & Casualty- 3/27-30/17
Webinar: Farm Liability Coverages