Big "I" Professional Liability Program
Source for Insurance Agents & Brokers E&O
For over 25 years, the
Big "I" Professional Liability Program underwritten by Westport
Insurance Corporation (rated "Excellent" by A.M. Best) has
been the premiere choice of IIA of Arkansas member agents for insurance
agents and brokers E&O insurance.
Not Just an E&O
Policy, A Comprehensive Program
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
largest and most stable insurance
agents E&O program in the nation. Our member agents look to the program for
stable rates and a long-term market that they can rely on to protect their
greatest assetstheir businesses.
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
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*
An insured who obtains their professional liability coverage for insurance producers through the Independent Insurance Agents of Arkansas sponsored program will earn a 10% credit on their total annual premium, if they attend an approved loss control seminar and have a three-year claim-free history. This credit will apply to the annual premium due as of the next policy anniversary date or policy inception date and, depending on continued loss free experience, will continue for two additional consecutive policy years after attending the seminar, for a total of three policy periods.
*You must have a three-year claim-free history to receive this credit.
To apply for coverage, complete the Westport E&O application and forward it to Debbie Ball. Westports renewal applications are individualized and will be sent to the agency directly approximately 60 days before your expiration date.