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 Swiss Re Insurance Corporation, 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.

Review our policy form and you will see these are just a few of the coverage benefits of the Swiss Re policy:

• Defense cost outside the limits
• Coverage for the sale of both Property/Casualty and Life and Health insurance products
• Up to $20 million in limits of liability
• Broad definition of covered "Professional Services"
• Comprehensive definition of who is an insured
• Aggregate deductibles
• Available first dollar defense
• Full prior acts coverage 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.
• An exclusive comprehensive risk management website including practical information and tools to help your agency avoid
• E&O Risk Management Web site – www.independentagent.com/EOhappens.
• 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.

A 10% credit on your Swiss Re E&O premium may be earned by attending an approved 3 hour risk management seminar prior to your policy anniversary (or within 30 days after your policy inception/renewal date).  The number of agency staff required to attend is based on agency size. The credit is applicable for two consecutive policy terms.

Each year, IIAG hosts our E&O Loss Control Seminar at our Connect Fall Expo providing our members the opportunity to receive the premium credit!

Download Info Sheet for Risk Management Premium Credit

To determine your specific requirement, refer to the chart below:

Agency Staff Size    |   Required Attendees

1 – 4   Staff Members | 1 Attendee Required
5 – 11 Staff Members | 3 Attendee Required
12+    Staff Members | 25% Staff Required (Max of 15 attendees)

Additional Credit

The following additional credits are available, up to a maximum total risk management credit of 20 percent:

• 50% or more of staff attendance = 5% credit available
• Agency use of a coverage checklist = 5% credit available
• Voluntary website review with findings
  implemented = 5% credit available

Please contact Molly Seides, mseides@iiag.org for more information.

Additional agency risk management information is available 24/7 via the E&O Guardian web site. Visit: https://eoguardian.com