Big “I” Professional Liability Program
Insurance Agents Errors & Omissions Coverage That’s Right for Your Business
Westport Insurance Company Fireman’s Fund
a division of Swiss Re
With more than 25 years of experience, Fireman’s
As the nationally endorsed carrier of the Big “I” Fund is an industry leader in providing liability
Professional Liability program for twenty years, the coverage for agents and brokers against errors and
Westport Insurance Company has created the strongest omissions (E&O) – one of the biggest issues they
coverage form in the marketplace. The largest writer of face in an increasingly complex world. The
agents E&O insurance in the country, it provides solid company is the second largest writer of Agents
core coverage as well as coverage units to insure against E&O coverage in the country.
other exposures of concern. Review the preferred and
basic policy forms and you will find that these are just a ♦ State-of-the art coverage form
few of the coverage benefits of the Westport policy: ♦ $10,000/$25,000 catastrophe claims extra expense
included with no additional premium charge
♦ Coverage for the sale of both Property/Casualty and ♦ 25,000 regulatory investigation defense expense coverage
Life/Health insurance products per policy period
♦ Limits of liability up to $15 million ♦ Up to 90 days after end of policy period to report claims
♦ Broad definition of covered professional services and and purchase extended reporting
activities ♦ Supplementary Payments of $250 per day for expenses
♦ Comprehensive definition of “who is an insured” incurred in aiding in the defense of a claim
♦ Aggregate deductibles ♦ Expert witness testimony covered
♦ Defense cost outside the limits ♦ Protection when you train, manage or supervise a client in
♦ Available first dollar defense the selling of insurance products
♦ Full prior acts available ♦ Immediate predecessor firm coverage
♦ No contractual liability exclusion ♦ Deductible options - loss only or loss and claims expense
♦ Coverage for punitive damages (where available by ♦ Aggregate deductible applies
states and covered by insuring agreements) ♦ Claims made
♦ Multiple extended reporting period options ♦ Defense outside of limits
♦ True worldwide protection ♦ Broad definition of who is an insured, including spousal
♦ Coverage for advertising, including libel and slander liability
♦ Protection for related consulting services ♦ Limits available to $10 million
♦ Expert witness testimony is covered ♦ Retroactive coverage and extended reporting periods
♦ Teaching formal insurance courses included offered
♦ Premium finance services placement built-in
♦ Additional coverages include catastrophe extra expense, Why Fireman’s Fund?
subpoena and regulatory expenses ♦ Competitive rating plan
♦ Choice of Defense Counsel - by endorsement ♦ iCustomer Series® Web site for risk management support
♦ Real Estate Agent activity - by coverage unit ♦ Access to the Fireman’s Fund HeritageSM Program in support
♦ Employment Practices Liability - by coverage unit. of firefighters
♦ A. M. Best rating of “A” (“Excellent”)
Why Westport? ♦ Dedicated, 24-hour claims expertise with multi-line background
♦An exclusive policy form and premium credits filed on a Risk ♦ Policies direct bill
Purchasing Group basis gives Big “I” members tailored coverage.
♦Dedicated claims staff focuses solely on defending insurance Why the Big “I” Professional Liability Program?
agents E&O claims. 70% of claims personnel are attorneys.
√ Superior customer service and expertise
♦Competitive pricing supported by a critical mass of premium
volume to maintain rate stability. √ State association that serves to assist you should a claim arise
♦A partner in Westport Insurance Corporation, rated “A” √ Professional Liability Committee comprised of IIABA
(“Excellent”) by A.M. Best. members to oversee and recommend program enhancements
♦Loss prevention materials to reduce the chance of a claim and
improve business processes.
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