Protect Your Agency

Error & Omissions Insurance

For over 35 years, the Big I Professional Liability Program underwritten by Westport Insurance Corporation, a member of Swiss Re Corporate Solutions (rated A+ Superior by AM Best), has been the premiere choice of IIABA member agents for insurance agents and brokers E&O insurance. We offer not just a policy, but a comprehensive program for insurance agents. 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.

Working with our partners at Swiss Re Corporate Solutions, we have created one of the strongest coverage forms in the marketplace.

E&O Hotline: 800-550-9891

Coverage Highlights and Benefits:

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 $30 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

Coverage Benefits:

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 IIABA.

    • 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 Swiss Re Corporate Solutions, 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.
    • E&O Risk Management website
    • E&O Claims Advisor, a periodic E&O risk management newsletter available only to Swiss Re policyholders, providing valuable information to all positions in the agency.
    • A Professional Liability Committee comprised of IIABA member agents to oversee and recommend enhancements to the program to meet the ever-changing needs of agents.
John Immordino

John Immordino

E&O Risk Consultant

p: 800.550.9891

E&O and Cyber Liability

Andrea Bowman

Andrea Bowman

Insurance Program Manager

p: 800.550.9891

E&O and Cyber Liability

Ryan Wallace

Ryan Wallace

Insurance Program Manager

P: 800.550.9891

Cyber Liability Insurance

The vast majority of businesses that suffer a data breach fail to recover because they did not have a plan in place to deal with a possible breach. Responding to a breach is a complicated process that requires the assistance of many different professionals. Failure to notify the affected individuals without unreasonable delay could cost your agency up to $1,500,000 in fines from government agencies. Add this to the $200,000 average cost to comply with notification laws, the legal liability and the reputational harm caused by the breach and you can quickly see how this exposure can be devastating to your agency.

Binding Coverage is Easy as 1...2...3...

  1. Select your desired coverage limit based on your agency revenue using the “Data Breach Program Pricing” document above.
  2. Complete the “Cyber Secure Application”.
  3. Email your completed application to Our Team.

Big I MN offers coverage through Beazley with the following benefits:

Available to Big I MN Members Only

  • No Encryption Requirement
  • HIPAA Compliance Tools
  • Step-by-Step Procedures for Compliance
  • Newsletters
  • Data Breach Coach to Help with Notification
  • Forensic Investigators
  • Privacy Counsel
  • Call Center
  • Credit Restoration Services
  • Up to 50% Off Premium
  • MIIAB Members Are Pre-Qualified for Enrollment*
  • Online Compliance Materials
  • Staff Training Programs
  • Expert Support Online
  • Regulatory Fines & Penalties
  • Public Relations Firm
  • Notification Costs Outside Limit of Liability
  • Credit Monitoring
  • Security & Privacy Liability

*Some restrictions apply. Agencies over $5M in revenue, over 50% benefits or with prior losses need to be underwritten. 

John Immordino

John Immordino

E&O Risk Consultant

p: 800.550.9891

E&O and Cyber Liability

Ryan Wallace

Ryan Wallace

Insurance Program Manager

P: 800.550.9891

Andrea Bowman

Andrea Bowman

Insurance Program Manager

p: 800.550.9891

E&O and Cyber Liability

E&O Guardian

Access to the E&O Guardian risk management website is an exclusive Big I member benefit. Content may be accessed by Big I members, with key resources reserved for exclusive access by Swiss Re Corporate Solutions E&O policyholders.

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Find Agency Tools

Get checklists, procedures manuals, disclaimers, letters and more.

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Learn

Dive into E&O Guardians publications, webinars, newsletters and other materials.

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View Claims Data

Review data and learn common claims drivers you can easily avoid.

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Reduce My Premium

Find out how you can earn discounts on your agency’s premium.

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Review Standard of Care

Learn about your legal standard of care and duty to advise.