E&O Risk Management Training
Reduce Your Exposure To An E&O Claim and Save Money
Learn how to save up to 20% on your agency's E&O premium by taking advantage of risk management premium credits! Swiss Re Corporate Solutions has a risk management credit program that allows your agency to save up to 20% on your E&O premium. Credits are applicable for two consecutive policy terms.
Step #1: Complete an E&O Risk Management Class
A 10% credit on your Westport 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. To determine your specific requirement, refer to the chart below.
| Agency Staff Size | Total Required Attendees |
|---|---|
| 1-4 | 1 |
| 5-11 | 3 |
| 12+ | 25% of staff (max 15 sttendees) |
| *Part time = 1 staff count | *At least 1 active owner/partner must attend |
Attending a seminar won't just earn you an E&O premium credit, it can increase your agency's efficiency and reduce your risk of time-consuming claims.
Here's how to get training:
Online E&O Training
Register for one of our online E&O courses available through the ABEN platform
Request Custom E&O Training
One of our instructors can present the class at your agency on a specified date
Step #2: Earn an Additional Discount
Earn an additional 10% discount by completing two of the three options listed below. 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 by an approved reviewer with findings implemented = 5% credit available
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| @ 2023 Independent Insurance Agents of Maryland, Inc |
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