Errors & Omissions Policy
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Additional credits for good loss experience |
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An Aggregate limit and deductible, based GAP (Gross Annual Premium) |
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Elimination of the contractual exclusion |
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A special endorsement for small agencies (10 or fewer employees) that provides limited employment practices liability coverage with sub-limits of $250,000 and $5,000, deductible, for a flat charge of $525.00. |
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The new Westport policy also provides coverage unit options, such as Employment Practice Liability, Real Estate and other coverage units, as well as specialty endorsements. |
Plus:
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A one year extension period if the policy is cancelled by you or Westport |
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A 'tail' coverage option for a period of 3-10 years if there is a merger, sale, retirement or death of an agency principal |
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Individually underwritten policies |
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A local administrator |
| E & O Application |
| Life/Health Supplemental Application |
Westport's new Umbrella Policy
IT’S FINALLY HERE!
Due to overwhelming requests from the Big “I” membership, Swiss Re, in
collaboration with the Big “I” Professional Liability program, is introducing an
Agency E&O umbrella policy. This product is intended to provide catastrophic
protection and is exclusively available to Big “I”
members.
Like most other umbrella policies, this provides limits in excess of underlying
general liability, automobile liability, employers liability and other liability
policies. But unlike most umbrella contracts it will
ALSO provide following form coverage over primary claims made
insurance agents errors and omissions policies. Coverage can be written over
most admitted and some non-admitted underlying carriers – including E&O policies
written by carriers other than Swiss Re!
New umbrella coverage from a name you know
• Coverage is underwritten by Westport Insurance Corporation, a member of the
Swiss Re group (A+XV), one of the leading reinsurance companies in the world
• Admitted in 50 states and the District of Columbia
• The leading writer of insurance agents professional liability in the United
States
• A+ rating by A.M. Best
• Limits up to $10 million are available!
Getting started – information needed for a quote
The information we need will depend on which carrier
writes your primary insurance agents E&O:
• If Westport writes your insurance agents E&O,
please complete the application here!
• Westport’s Primary E&O application
• Send copies of all non-Westport primary declarations (schedule of forms and
any manuscript endorsements)
If another carrier writes your insurance agents E&O, please send:
• Primary E&O Application
• All Primary Policy Dec Pages including list of forms
• Copy of Primary E&O Policy
• Westport Umbrella Application here
• Westport Umbrella Application
Supplement
For information on minimum underlying requirements, what primary E&O carriers
are acceptable or other underwriting questions, contact Carla at 410-766-0600 or
email her at iiamcarla@aol.com
Access to exclusive products such as the Swiss Re’s Insurance Agents Umbrella
policy is just one of the many benefits of being a Big “I” member.
Fireman's Fund
With more than 25 years of experience, Fireman’s Fund is an industry leader in providing liability coverage for agents and brokers against errors and omissions (E&))-one of the biggest issues they face in an increasingly complex world. The company is the second largest writer of Agents E&O coverage in the country.
| State of the art coverage form |
| $10,000/$25,000 catastrophe claims extra expense |
| $25,0000 regulatory investigation defense expense coverage per policy period |
| Up to 90 days after end of policy period to report claims and purchase extended reporting |
| Supplementary Payments of $250 per day for expenses incurred in aiding in the defense of a claim |
| Expert witness testimony covered |
| Protection when you train, manage or supervise a client in the selling of insurance products |
| Immediate predecessor firm coverage |
| Deductible options-loss only or loss and claims expense |
| Aggregate deductible applies |
| Claims made policy form |
| Defense outside limits |
| Broad definition of who is an insured, including spousal liability |
| Limits available to $10 million |
| Retroactive coverage and extended reporting periods offered |
Why Fireman’s Fund
| Competitive rating plan |
| iCustomer Series® Web site for risk management support |
| Access to the Fireman’s Fund HeritageSM Program in support of firefighters |
| A.M. Best Rating of ‘A’ (Excellent) |
| Dedicated, 24 hour claims expertise with multi-line background |
| Policies direct bill |
Fireman's Fund Application-New Business
Fireman's Fund
Application-Renewal
We know everyone cannot be written in the 'standard' market. Maybe you are a 'new' agency, maybe you write some really tough classes...contact our office. We would be happy to submit your application to our standard and 'not so standard' markets.
Excess Professional Liability
Available
1-1-2008
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 - link below
Form Numbers of Policy forms and Endorsements of all primary policies
Limits, deductibles, premiums of all underlying policies
Five year loss runs
EXCESS PROFESSIONAL
LIABILITY APPLICATION
Contact: Carla Short at iiamcarla@aol.com
RLI:
STAND ALONE PERSONAL UMBRELLA:
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Covers the insured and all relatives living with the insured |
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Operations of most motor vehicles including cars, RV's, motorcycles, motor homes, pickup trucks and most watercraft |
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Incidents involving any property covered by the insured's basic homeowners policy
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WHAT DO YOU NEED TO DO TO GET STARTED SELLING RLI?
Contact IIAM about starting today!
410-766-0600
To sell both the RLI Umbrella and RLI In-Home Business policy, a producer
application must be completed for both RLI and IBSC. Download the agreements below and submit
to Carla Short at IIAM's office.
RLI Producer Agreement
IBSC Sub-Producer Agreement
Note: To sell both the RLI Umbrella and
the RLI In-Home Business policy, a producer application &
IBSC Sub-Producer agreement must be completed.
RLI's Personal
Umbrella Application (New Business)
Effective
for all new business 10-01-08 and later.
RLI's Personal Umbrella
Rates (PUP)
RLI's Marketing Material (PUP)
(Can be
personalized w/agency information)
RLI's PUP-Cancellation Procedures
Don't Forget
Umbrella Renewals should be
mailed, effective May 15, 2007 to:
RLI Insurance Company
P.O. Box 4726
Carol Stream, IL 60197-4726
For
Overnight payments:
RLI Insurance Co. RRLB4726
JP Morgan Chase Bank, N.A.
IL 1-6030
2500 Westfield Drive
Elgin, IL 60124
RLI'S IN HOME BUSINESS POLICY (IBP):
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Premiums as low as $150 per year |
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Low $100 deductible |
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Endorsed and administered here in Maryland by your state association |
Eligible Classes of Business for
the RLI In Home Business Program
New Eff.
1-1-2008
Guidelines: Selecting the Appropriate Class of Business
In Home Business
Application (RLI-IHB)
To be used with all business effective 1.1.08
RLI TRIA Form (Must be signed by insured)
In Home Business Rating Guidelines & Rates
Don't Forget
KELSEY NATIONAL CORPORATION
Take a look at the Kelsey !NATIONAL FLOOD INSURANCE PROGRAM:
A&M PERSONAL EXCESS POLICY
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Multiple youth drivers |
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Less than perfect driving records |
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Multiple vehicles and residences |
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Lower underlying limits |
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Motorcycles, seadoos, jet skis and snowmobiles |
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Apartment houses, watercraft, rental units, family farms and vacant land. |
401(k) PLAN
2408 Peppermill Drive, Suite A
Glen Burnie, Maryland 21061
Tel. (410) 766-0600 or (800)544-3368
Fax. (410) 766-0993
E-Mail: iiamarnold@aol.com
