Coverage for the sale of both Property/Casualty and Life and Health insurance products

• Limits of liability up to $30 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

• 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 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.

• E&O Risk Management website

• 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, Allianz is an industry leader in providing E&O liability coverage for agents and brokers – one of the biggest issues they face in an increasingly complex world. The company is one of the largest writers of agents E&O coverage in the country.

Coverage Highlights and Benefits:

• True worldwide coverage

• 10% (Some states offer 15%) Premium credit for two years for attending an approved loss control class

• Rated A+ by AM Best

• 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 $5M/$5M or $3M/$6M

• Broad coverage tailored to insurance agencies

• Broad definition of who is an insured, including spousal liability

• Aggregate deductibles

• Defense costs outside the limits

• $50,000 first party personal data compromise breach response for the accidental loss of client data, with optional higher limits available 

*Optional – for additional premium

• 80/20 Consent to settle clause

• Full prior acts available

• Deductible waived if insured is claims free with Allianz for five or more years

• Catastrophe – $25,000/$50,000 per catastrophe/per policy period 

• Regulatory investigation – $60,000 per policy period