Members of IIAN have the opportunity to obtain Errors and Omissions coverage on a broader policy form for a substantially reduced premium! The long-term partnership between our association and SwissRe Corporate Solutions America (A+ rated) continues to bring very good news for independent agents.
Enhanced Big "I" Risk Purchasing Group Policy Form
Substantive improvements in Swiss Re's E&O policy language will became effective February 2022.
Click here to view a detailed overview of these improvements.
The updates include, but are not limited to:
- Two new deductible reduction options
- Insolvency exclusion, relaxing the AM Best rating requirement from B+ to B.
- Enhanced definition of Professional Services to include client referrals
- Key Insurance Professional Assistance (New coverage!)
The following credits are available exclusively to IIAN members on the IIABA/Swiss Re Policy:
- 10% Loss Control Credit - upon completion of an approved loss control seminar (with additional loss
control credits now available for a maximum 20% credit)
- Experience Credit:
- 10% if claim-free for 2 years
- 15% if claim-free for 3 years
- 20% if claim-free for 4 years
Extension Options:
- Employee Practices liability Coverage
- Real Estate Agents/Brokers Professional Liability Coverage
- PEO Extension
- Loan Origination Coverage Extension
- Safety Consultants Extension