BIG “I” PARTNERS WITH FIREMAN’S FUND
Fireman’s Fund to Deliver Additional E&O Market to Big “I” Members
ALEXANDRIA, Va., Aug. 21, 2006—The Independent Insurance Agents & Brokers of America (the Big “I”) is partnering with Fireman’s Fund Insurance Company to offer a nationally endorsed program for insurance agents Errors & Omissions (Agents E&O) coverage. This new product adds an additional market to the Big “I” National Professional Liability Program.
“We’re pleased to introduce this program—agents are faced with increasingly complex insurance products and services to offer to their policyholders, and we believe this coverage will be extremely beneficial,” said Big “I” CEO Robert A. Rusbuldt. “Fireman’s Fund is a recognized leader in our industry. This new Agents E&O program is an additional, attractive E&O offering to agents and brokers.”
Agents E&O coverage provides liability coverage for agents, for example: protecting agents in the event they fail to provide a specific coverage or provide any coverage at all.
“Agents are often placed in the role of an advisor, which can expand liability issues and increase exposure,” said Gary Bhojwani, president, Commercial Business at Fireman’s FundÒ.”
“Fireman’s Fund is pleased to be able to bring our long experience and industry leadership in E&O coverages to the entire Big “I” membership to help these agents and brokers make recommendations on risk solutions with confidence,” said Charles Kavitsky, chief executive officer, Fireman’s Fund.
The Agents E&O program will commence with a pilot program in five states in August 2006. The pilot will last approximately sixty days with a phased rollout to other states in the fourth quarter of 2006.
Fireman’s Fund is a premier property and casualty insurance company providing personal, commercial and specialty insurance products nationwide. Fireman’s Fund is a member of the Allianz Group (NYSE: AZ), one of the world’s largest providers of insurance and other financial services. For more information about Fireman’s Fund, visit www.firemansfund.com.
Founded in 1896, the Big “I” is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of more than 300,000 agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance—property, casualty, life and health—as well as employee benefit plans and retirement products. Web address: www.independentagent.com.