Errors and omissions
The E&O Department:
Good value, competitive premiums, and awesome service are what you can expect from the Independent Insurance Agents and Brokers of Arizona’s E&O Department. We know that price is important, but coverage is critical. We have a staff of professionals that understand insurance, understand the unique issues facing Arizona agents, and we know E&O coverage. We have the highest level of dedication to insurance agents that is essential for you to have confidence that your agency’s E&O coverage is in capable hands.
E&O Markets include:
- Swiss Re Corporate Solutions
- Allianz
- Life & Health E&O
- Excess & Surplus Lines
Contact IIABAZ’s E&O Department:
(602) 956-1851
Joni R. Fairbrother, CIC, RPLU – joni@iiabaz.com
Mona Enriquez, CISR – mona@iiabaz.com
E&O Markets
Swiss Re Corporate Solutions America Insurance Corporation
As the nationally endorsed carrier of the Big “I” Professional Liability program for over 30 years, Swiss Re Corporate Solutions America Insurance Corporation has created one of the strongest coverage forms in the marketplace. As one of the largest writers of agents E&O insurance in the country, it provides solid core coverage as well as coverage units to insure against other exposures of concern. This is a risk purchasing group product available to members of the IIABAZ only.
Coverage Benefits of the preferred Swiss Re Corporate Solutions America Insurance Company policy:
- 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
- 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
- Premium finance services placement built-in
- Additional coverages include catastrophe extra expense, subpoena and regulatory expenses
- Real Estate Agent Activity – by endorsement
- Employment Practices Liability – by endorsement
- Personal Data Protection
- Deductible reduction – Deductible will be reduced or waived in a claim by the largest of the three options up to a maximum of $25,000
Why Swiss Re Corporate Solutions America Insurance Company?
- Exclusive loss prevention resources including:
- Risk management website, E&O Happens
- Risk management newsletter, E&O Claims Advisor
- Agency Website Content and Website Reviews
- An exclusive policy form and premium credits filed on a Risk Purchasing Group basis give Big “I” members tailored coverage
- Dedicated claims staff focuses solely on defending insurance agents E&O claims – 70% of claims personnel are attorneys
- Rated “A+” (Excellent) by A.M. Best
Apply for Coverage:
1. Click on the application link above.
2. Download and complete in full.
3. Scan and email to joni@iiabaz.com, FAX to (602) 468-1392, or Mail to 333 East Flower St, Phoenix, AZ 85012.
Please be aware that this product is only available to members of the IIABAZ. Click Here for the Membership Application.
If you have any questions, please call Joni Fairbrother or Mona Enriquez at (800) 627-3356 or (602) 956-1851
Allianz
With more than 25 years of experience, Allianz is an industry leader in providing liability coverage for agents and brokers against errors and omissions. Allianz is rated A Excellent by A.M. Best. This additional E&O market is available nationwide.
Coverage Highlights:
- A rated carrier written on admitted paper
- Dedicated claims staff focuses exclusively on insurance E&O claims
- Long-standing market player in Agents E&O
- Coverage for the sale of both P&C and L&H
- Choice of three endorsements for sale of Financial Services Products
- Broad definition of covered professional services and activities
- Available first dollar defense
- Policy limits available up to $10,000,000
- Aggregate deductible applies
- Expert witness testimony covered
- Protection when you train, manage or supervise a client in the selling of insurance products
- Market-quality Insolvency coverage
- Broad definition of “who is an insured”
- Retroactive coverage and multiple extended reporting periods offered
- Three-tiered Employment Practices Liability offered by endorsement
- $10,000/$30,000 catastrophe claims extra expense included with no additional premium
- $35,000 regulatory investigation defense expense coverage per policy
- Up to 60 days after end of policy period to report claims and purchase extended reporting
- Immediate predecessor firm coverage
- Supplementary Payments of $500 per day for expenses incurred in aiding in the defense of a claim
Apply for coverage:
1. Click the application link above.
2. Download and complete in full.
3. Submit your application by either: Scan and Email to mike@iiabaz.com, Fax to (602) 468-1392, or Mail to 333 East Flower St, Phoenix, AZ 85012.
Please be aware that this product is only available to members of the IIABAZ. Click Here for the Membership Application.
If you have any questions, please call Joni Fairbrother or Mona Enriquez at (800) 627-3356 or (602) 956-1851
Life and Health Errors and Omissions Coverage
If you are interested in Life & Health E&O Coverage, fill out this LH Supplement and Insurance Agents & Brokers Professional Liability Application
Submit the completed forms to our team by:
a. Scan and Email to mona@iiabaz.com
b. Fax to (602) 468-1392
c. Mail to 333 East Flower Street, Phoenix, AZ 85012.
If you have any questions, please call Joni Fairbrother or Mona Enriquez at (800) 627-3356 or (602) 956-1851.
Excess and Surplus Lines E&O Markets
In circumstances when an account does not fall within the underwriting guidelines of our standard markets – Swiss Re/Westport, and Allianz – we have access to Excess & Surplus lines markets.
For more information, contact Joni Fairbrother or Mona Enriquez at (800) 627-3356 or (602) 956-1851.
Risk Management Tools
E&O Seminars/Live Webinars are available free IIABAZ Members and offer the tools and knowledge to protect your agency. Completion of the course may qualify for a discount on your premium for many E&O policies. They are also approved for 3 CE Hours in Arizona. Click here for the schedule or contact Ray Garcia at ray@iiabaz.com about arranging an in-house program.
A web-based resource providing comprehensive tools such as industry specific client risk exposure questionnaires and checklists to better understand the coverage needs of customers and assist the agency in avoiding E&O claims from failing to offer proper coverage and failing to identify customer exposure. Click Here to learn more or sign up.
E&O Guardian is exclusive to Swiss Re Corporate Solutions America Insurance Company E&O policyholders and is a risk management website that contains comprehensive information and tools such as: the common mistakes that cause E&O claims, real-life case studies for learning, best practice tips, sample disclaimers, procedures and client letters, operational self-assessments, articles, and more. Click Here to login.
Well managed agency websites can be the cornerstone of operational and marketing strategies. Or websites can be used to strengthen claimants’ E&O cases against agents. Swiss Re Corporate Solutions has gathered expert suggestions for agency website content and offers Agency Website Reviews for IIABAZ Members. Agency Website Content and Website Reviews