Coverage Highlights and Benefits: Swiss Re
Working with our partners at Swiss Re, we have created one of the strongest coverage forms in the marketplace. Structured using a modular approach, our policy provides solid core coverage as well as coverage units to insure against other exposures of concern. 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 P/C and Life and Health insurance products
- Limits of liability up to $15 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 states)
- Multiple extended reporting period options
- True worldwide protection
- Coverage for advertising, libel and slander
- Available coverage units:
*Employment Practices Liability
*Real Estate Agents E&O
Coverage Benefits: - The only P/C insurance agents and brokers E&O program in the marketplace that contributes a percentage of every premium dollar to the funding of important advocacy efforts of the IIABA.
- 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, a member of the Swiss Re Group, rated "A Excellent” 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 claims – www.independentagent.com/EOhappens.
- E&O Claims Advisor– a quarterly E&O risk management newsletter available only to Swiss Re policyholders, providing valuable information to all positions in the agency.
- A Professional Liability Committee of IIABA member agents to oversee and recommend enhancements to the program to meet the ever-changing needs of agents.
The Swiss Re policy is designed using a set of general terms and conditions and coverage modules. This allows Swiss Re the flexibility to effectively react to the coverage needs of member agents. Sample Policy Forms: General Terms E&O Coverage Unit Application:
To apply for coverage, complete the Insurance Agents and Brokers Professional Liability application and forward it to the appropriate state association contact, who will contact you once the application has been received. Our application is also posted for your completion and return. The application forms are in an Adobe Acrobat Portable Document Format (PDF) to give your application a professional and clean appearance. Viewing and completing the forms requires the free Adobe Reader program which can be downloaded from www.adobe.com. Insurance Agents and Brokers Professional Liability application IMPORTANT NOTE: Unless you have Adobe Acrobat software, you will not be able to save the completed application. When completed immediately print a copy and fax the application to your state association contact. Coverage Highlights and Benefits: Fireman’s Fund With over 25 years experience, Firemen’s Fund is a dedicated, experienced insurer of Insurance Agents’ needs – yesterday, today and tomorrow. Coverage Highlights - A rated carrier written on admitted paper
- Dedicated claims staff focuses exclusively on insurance E&O claims
- Long-standing market player in Agents E&O
- Coverage for the sale of both P&C and L&H
- Choice of three endorsements for sale of Financial Services Products
- Broad definition of covered professional services and activities
- Available first dollar defense
- Policy limits available up to $10,000,000
- Aggregate deductible applies
- Expert witness testimony covered
- Protection when you train, manage or supervise a client in the selling of insurance products
- Market-quality Insolvency coverage
- Broad definition of “who is an insured”
- Retroactive coverage and multiple extended reporting periods offered
- Three-tiered Employment Practices Liability offered by endorsement
- $10,000/$30,000 catastrophe claims extra expense included with no additional premium
- $35,000 regulatory investigation defense expense coverage per policy
- Up to 60 days after end of policy period to report claims and purchase extended reporting
- Immediate predecessor firm coverage
- Supplementary Payments of $500 per day for expenses incurred in aiding in the defense of a claim
The Fireman’s Fund policy offers broad coverage tailored to insurance agencies. Sample Policy Form: FFIC Policy Form Application: To apply for coverage, complete the Fireman’s Fund Insurance Company Independent Insurance Agents application electronically and email it to the appropriate state association contact, who will contact you once it is received. This application is a pdf form that MUST be completed by typing the information directly into the form, saved locally, then after completion digitally signed and sent via email to the state association contact. Viewing and completing the form requires the free Adobe Reader program which can be downloaded from www.adobe.com. If you have any questions completing this pdf form, please contact your state association. Fireman’s Fund Insurance Company Independent Insurance Agents Application | 
