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Big 'I' Professional Liability: WESTPORT

For 25 years, the Big "I" Professional Liability Program underwritten by Westport Insurance Corporation, a member of the Swiss Re Group (rated A Excellent 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 Corporation, a member of the Swiss Re Group, 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.

Working with our partners at Swiss Re, 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 Swiss Re policy:

Coverage Benefits

  • Coverage for the sale of both Property/Casualty and Life/Health insurance products
  • Limits of liability up to $20 million
  • Broad definition of covered professional services and activities
  • Comprehensive definition of “who is an insured”
  • Aggregate deductibles
  • Defense cost outside the limit
  • Available first dollar defense
  • Full prior acts available (must be underwritten)
  • Coverage for punitive damages (where available and covered by insuring agreements)
  • Multiple extended reporting period options
  • True worldwide protection
  • Coverage for advertising, including libel and slander
  • Protection for related consulting services
  • Expert witness testimony covered
  • Teaching formal insurance courses included
  • Premium finance services placement built-in
  • Additional coverages include catastrophe extra expense, subpoena and regulatory expenses
  • Choice of Defense Counsel - by endorsement
  • Real Estate Agent Activity - by coverage unit
  • Employment Practices Liability - by coverage unit
  • Cyber Liability Coverage - both first and third parties (must be underwritten)

Coverage Highlights

  • 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, a member of the Swiss Re Group, rated "A Excellent” 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 claims – www.independentagent.com/EOhappens.
  • E&O Claims Advisor– a quarterly E&O risk management newsletter available only to Swiss Re policyholders, providing valuable information to all positions in the agency.
  • A Professional Liability Committee of IIABA member agents to oversee and recommend enhancements to the program to meet the ever-changing needs of agents.

To apply for coverage, complete the Insurance Agents and Brokers Professional Liability application and forward it to our insurance department at insurance@iiamd.org.


**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.

Upcoming E&O Seminars approved for the 10% Risk Management Discount

If you are taking the E&O Risk Management course to earn your 10% Risk Management Credit on your E&O insurance, please check the staff attendance requirements.

Independent Insurance Agents of Maryland, Inc.
2408 Peppermill Dr. Suite A, Glen Burnie, MD 21061 | Ph: 410-766-0600 | Fax 410-766-0993

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