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Professional Liability Insurance

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 you are getting the best overall E&O value in the marketplace--not just a policy, but a comprehensive program.

Marie Toney

Senior Account Executive

MDeoteam@BigIMD.com

410.766.0893

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 Big "I" Maryland members for insurance agents and brokers E&O insurance.

Swiss Re/Westport Coverage Benefits

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
10% Premium credit for two years for attending an approved loss control seminar

Additional Coverage Benefits

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.
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 _ www.independentagent.com/EOhappens
E&O Claims Advisor– a periodic E&O risk management newsletter available only to Swiss Re policyholders, providing valuable information to all positions in the agency.
A Professional Liability Committee comprised of Big I member agents to oversee and recommend enhancements to the program to meet the ever-changing needs of agents.

Let's get started!

Online Swiss Re Application

Download Swiss Re Application

Email completed application to Marie Toney at MDeoteam@BigIMD.com.

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 members of Big I Maryland.

Allianz Coverage Benefits

Rated A+ by A.M. Best
State of the art coverage form, exclusive to Big "I" members
Claims made coverage with full prior acts
Coverage for sale of both Property/Casualty and Life/Health insurance products
Insolvency coverage for all carriers 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
80/20 Consent to settle clause

Additional Benefits

$50,000 ﬁrst party personal data compromise breach response for the accidental loss of client data, with optional higher limits available
Full prior acts available
Deductible waived if insured is claims free with Allianz for ﬁve or more years
$10,000/$30,000 Per catastrophe/per policy period claims extra expense
$35,000 Regulatory investigation defense expense coverage per policy period
True worldwide coverage

Let's get started!

Allianz Application

Big I Maryland members who purchase E&O coverage may be eligible for a 10% loss control credit on their premiums. In order to receive the credit, a percentage of your agency's staff must complete an approved E&O Risk Management seminar.

Staff Requirements & Credit Information