PROFESSIONAL LIABILITY INSURANCE

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.

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 three years for attending an approved loss control class

Additional Benefits

  • 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 Corporate Solutions, a member of the Swiss Re Group, rated A+ Superior 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 Risk Management Web site – 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 IIABA member agents to oversee and recommend enhancements to the program to meet the ever-changing needs of agents.  



With more than 25 years of experience, Alliance is an industry leader in providing liability coverage for agents and brokers against errors and omissions. Alliance 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.  

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
  • 10% Premium credit for three years for attending an approved loss control class

Click Here to see a sample policy form.


EXCESS PROFESSIONAL LIABILITY COVERAGE

Coverage is provided by First Specialty Insurance Corporation, A SwissRe company, rated A+, XV

Maximum Capacity $10,000,000. Cannot be greater than your underlying policies. Can be written over your underlying E&O (Underlying must be with an approved carrier, which includes Utica Mutual, Fireman's Fund, Safeco, Darwin, Indian Harbor, Great American, National Union, CNA and Liberty)


rEQUIRED

  • Completed application 
  • Form Numbers of Policy forms and Endorsements of all primary policies
  • Limits, deductibles, premiums of all underlying policies
  • Five year loss runs


  • 10% Loss Control Credit

    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 (Staff Requirements) must complete an approved E&O Risk Management class. The one-day, 6 hour class, if offered by IIAMD four times a year.  

    Upcoming events

    If you have questions regarding any of our E&O programs please email our Insurance Program Administrator, Pamela Dodge, at pamela@iiamd.org.

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