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Independent Insurance Agents & Brokers of America
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Tuesday, 10/21/2014email print


Insurance Coverage for Your Agency

Errors & Omissions Insurance

Agency Umbrella Protection

Employment Practices Liability Insurance

Professional Liability Products

Employee Benefits


 Be proactive! Take the steps to prevent an E&O claim before it happens! Check out these great resources with tips, check-lists and other information designed to help you prevent an E&O claim.

E&O Risk Management website - for Westport Policy Holders           The Agents Council on Technology (ACT) website        

                                The Virtual University                                                                       Virtual Risk Consultant                                                            


Errors & Omissions Insurance

For over 25 years, the Big "I" Professional Liability Program underwritten by Westport Insurance Corporation, a member of the Swiss Re Group (rated A+ Superior by A.M. Best), has been the premiere choice of IIABA member agents for insurance agents and brokers E&O insurance.

The Big “I” Professional Liability Program offers not just a policy, but a comprehensive program for insurance agents. Over the past two decades the Big “I” Professional Liability Program, underwritten by Westport Insurance, has grown into the largest and most stable insurance agents E&O program in the nation. Our member agents and brokers nationwide look to the program for stable rates and a long-term market that they can rely on to protect their greatest assets—their businesses For more information contact Abby Kahl at IIABO (503) 274-4000 ext. 23, toll free 1.866.774.4226 or email abbyk@insureoregon.org.

Insurance Agents and Brokers Professional Liability Application





Trust Our Strength

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.


Coverage Highlights & Benefits - Westport (Swiss RE)

Working with our partners at Westport, we have created one of the strongest coverage forms 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. Review our policy form and you will see these are just a few of the coverage benefits of the Westport 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
  • Multiple extended reporting period options
  • True worldwide protection
  • Coverage for advertising, libel and slander
  • Available coverage units: Employment Practices Liability and Real Estate Agents E&O


  • 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 IIABO
  • 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 Westport Insurance Corporation, a member of the Swiss RE Group, rated A+ Superior by A.M. Best
  • Loss prevention materials to reduce the chance of a claim and improve business processes
  • A Professional Liability Committee of IIABA member agents to oversee and recommend enhancements to the program to meet the ever-changing needs of agents
  • E&O Risk Management website solely devoted to Westport / Swiss RE policyholders.  Visit www.independentagent.com/EOHappens. Contact Abby Kahl abbyk@insureoregon.org, 503.274.4000 ext. 23, toll free 1.866.774.4226 for your login and password.
  • 10% Loss Control Credit- To view more information Click Here 
  • Experience Credit - 10% 2yrs loss free, 15% 3yrs loss free, 20% 4 years loss free
  • 10% discount available for completing an agency E&O on-line audit (Agency Shield Program)


Sample Policy Forms and Applications


The Westport policy is designed using a set of general terms and conditions and coverage modules. This allows Westport the flexibility to effectively react to the coverage

needs of member agents.


Sample Policy Forms:

General Terms

E&O Coverage Unit

Coverage Evaluation Form

Insolvency Exclusion 

To apply for coverage, complete the Insurance Agents and Brokers Professional Liability application and forward it to the appropriate state association contact, who will contact you once the application has been received. Our
 application is also posted for your completion and return. The application forms are in an Adobe Acrobat Portable Document Format (PDF) to give your application a professional and clean appearance. Viewing and completing the forms requires the free Adobe Reader program which can be downloaded from  www.adobe.com.

Insurance Agents and Brokers Professional Liability Application

IMPORTANT NOTE: Unless you have Adobe Acrobat software, you will not be able to save the completed application. When completed immediately print a copy and fax the application to Abby Kahl, fax 503.274.0062.




Agency Umbrella Protection - Swiss RE/ Westport Commercial Umbrella

Insurance Association Services now offers insurance agency umbrella protection to provide excess coverage over top of your E&O coverage. In today's legal environment, increased limits are needed to protect your business.  This unique agency umbrella product will help shield you against the liabilities involved in running your business.

This product is available exclusively to Big "I" members, this umbrella policy can be written over any primary E&O coverage. It was designed in collaboration with IIABA to meet the needs of independent insurance agents.

Program highlights include:

  • Swiss Re is rated A+ by A.M. Best
  • Broad coverage over primary casualty lines, including E&O
  • Coverage is available up to $10 million over underlying primary E&O policy
  • May be written over a variety of E&O Carriers

Swiss Re/ Westport Commercial Umbrella Application



Employment Practices Liability Insurance

Employment Practices Liability (EPL) coverage through Swiss Re/ Westport is available for member agencies that have their E&O insurance with Westport.

Product features include

  • Limits of $1 million
  • Schedule credits available
  • Loss control credits
  • Available as a stand-alone policy or as an endorsement to the E&O Policy

Contact Abby Kahl,via e-mail abbyk@insureoregon.orgphone 503.274.4000 ext 23 or toll free 866.774.4226 ext 23 for more information.




Professional Liability Products-  Designed to help prevent E&O claims in your agency

Virtual Risk Consultant

The Big I Advantage® Virtual Risk Consultant powered by Rough Notes ("VRC") is an online sales and service resource designed to help your agency better serve your customers. Using this tool will lead to increased sales by improving  your  staff’s knowledge of a prospect’s operation enabling them to better identify and cover customer exposures. The VRC will help your staff better understand the product they sell.  It will also assist agency staff with preparing proposals, explaining complicated insurance terms, and most importantly documenting client files. It is truly a tool that will increase the professionalism of staff and help your agency grow while limiting your exposure to E&O claims.   For more information Click Here.



Employee Benefits

Kelsey National Corp. has numerous dental, vision, life, AD&D and long-term disability programs to meet every agency's needs. Go to Kelsey National's Web Site to download applications and for more information on the plans.

IIABA also has employee benefits available, including: Medicare Supplement Choices, Group Long Term Disability Choices, Group Short Term Disability Choices, Group Term Life Insurance, Individual Term Life Insurance Choices. For more information, go to IIABA's Web Site.





Independent Insurance Agents & Brokers of America, Inc.
e-mail: info@iiaba.org

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(800) 221-7917 • (703) 683-7556 (fax)


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