We realize that protecting the future of your agency is a major priority. As your Association we also want to provide you with the security of knowing that you are getting the best overall E&O value in the marketplace – not just a policy, but a comprehensive program. 

Big I Maryland members have access to broad coverages at competitive pricing through our E&O insurance program. IIABA has the largest national independent insurance agent’s E&O program in the United States and is one of the highest utilized member services. 

You trust us to represent your interests at the highest political level, and as your association, we also want to provide you with the security of knowing you get the best overall E&O value in the marketplace – not just a policy, but an all-inclusive program. Big I Maryland represents the two leading carriers of insurance agents’ E&O coverage: Swiss Re/Westport and Fireman’s Fund.

 Swiss Re/Westport

For 25 years, the Big “I” Professional Liability Program underwritten by Westport Insurance Corporation, a member of Swiss Re Corporate Solutions (rated A+ Superior by A.M. Best), has been the premiere choice of IIABA member agents for insurance agents and brokers E&O insurance.

| Coverage Highlights

The Big "I" Professional Liability Program offers not just a policy, but a comprehensive program for insurance agents.

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

• Coverage for the sale of both Property/Casualty and Life and 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 limits
• Available first dollar defense
• Full prior acts 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
• Several options available to easily earn premium discounts up to 20%

 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 exclusive policy form is filed on a Risk Purchasing Group (RPG) basis and is available only to Big I Maryland members.

| Coverage Highlights

With over 25 years of experience, Allianz is a dedicated, knowledgeable insurer of insurance

agents' needs. 

• Rated A+ Excellent by A. M. Best
• State-of-the-art coverage form, exclusive to Big “I” members
• Claims-made coverage with full prior acts
• Coverage for the sale of both Property/Casualty and Life & Health agents
• Insolvency coverage for all carrier with B+ or better A.M. Best rating
• Limits of liability up to $10 million
• Broad coverage tailored to insurance agencies
• Broad definition of who is an insured, including spousal liability
• Aggregate deductibles
• Defense costs outside the limits
• Optional First party personal data compromise breach response for the accidental loss of client data is available for limits between $25,000 and $150,000
• 80/20 consent to settle clause
• Deductible waived if insured is claims free with Fireman’s Fund for five or more years
• $25,000/$50,000 per catastrophe/per policy period claims extra expense
• $60,000 regulatory investigation defense expense coverage per policy period
• True worldwide coverage
• 10% premium credit for attending an approved loss control class