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Errors and Omissions

​​THE E&O DEPARTMENT
Good value, competitive premiums, and awesome service are what you can expect from the Independent Insurance Agents and Brokers of Arizona's E&O Department. We know that price is important, but coverage is critical. We have a staff of professionals that understand insurance, understand the unique issues facing Arizona agents, and we know E&O coverage. We have the highest level of dedication to insurance agents that is essential for you to have confidence that your agency's E&O coverage is in capable hands.

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Reach The E&O Department's staff at (602) 956-1851 or (800) 627-3356.
 
Joni R. Fairbrother, CIC, RPLU - joni@iiabaz.com
Michael "Mike" E. Radcliffe, CISR - mike@iiabaz.com
Mona Enriquez - mona@iiabaz.com
 

 

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Westport (Swiss Re)
As the nationally endorsed carrier of the Big “I” Professional Liability program for 25 years, Swiss Re Corporate Solutions has created the strongest coverage form in the marketplace. The largest writer of agents E&O insurance in the country, it provides solid core coverage as well as coverage units to insure against other exposures of concern. This is a risk purchasing group product available to members of the IIABAZ only. Review the preferred policy form and you will find that these are just a few of the coverage benefits of the Swiss Re Corporate Solutions policy:
  • Coverage for the sale of both Property/Casualty and Life/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 limit
  • Available first dollar defense
  • Full prior acts available
  • Coverage for punitive damages (where available and covered by insuring agreements)
  • Multiple extended reporting period options True worldwide protection
  • Coverage for advertising, including libel and slander Protection for related consulting services
  • Expert witness testimony covered
  • Teaching formal insurance courses included Premium finance services placement built-in Additional coverages include catastrophe extra expense, subpoena and regulatory expenses
  • Choice of Defense Counsel - by endorsement Real Estate Agent Activity - by endorsement Employment Practices Liability - by endorsement
  • Cyber Liability Coverage - both first and third parties
  • Deductible reduction up to $12,500 per claim for risk management activities
 
Why Swiss Re Corporate Solutions? 
  • Exclusive loss prevention resources including:
         Risk management website, E&O Happens
         Risk management newsletter, E&O Claims Advisor
  • An exclusive policy form and premium credits filed on a Risk Purchasing Group basis give Big “I” members tailored coverage
  • Dedicated claims staff focuses solely on defending insurance agents E&O claims - 70% of claims personnel are attorneys
  • Rated “A+” (Excellent) by A.M. Best
  • All policies are underwritten by Westport Insurance Corporation, a member of Swiss Re Corporate Solutions

 

To apply for coverage:

 

Westport EO Application.pdf
Application Guide.pdf
 
1. Click on the application link above, download, and complete in full.

2. Scan and email to mike@iiabaz.com or fax (602) 468-1392 or mail to 333 East Flower St, Phoenix, AZ 85012.

 

A link to tip sheet (Application Guide) with helpful information on completing the application is located above.

Click here for the Membership Application, if you are not a member already. Please be aware that this product is only available to members of the IIABAZ.

If you have any questions, please call Joni Fairbrother or Mona Enriquez at (800) 627-3356 or (602) 956-1851.

 
 
Fireman's Fund
With over 25 years experience, Firemen’s Fund is a dedicated, experienced insurer of Insurance Agents’ needs – yesterday, today and tomorrow.  The policy offers a broad variety of endorsement to tailor coverage to your insurance agency needs.  Fireman's Fund is an industry leader in providing Errors and Omissions liability coverage for agents and brokers of against one of the biggest issues face in an increasingly complex world.  The Fireman's Fund product is also a risk purchasing group product available to IIABAZ members only.

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

To apply for coverage:

Fireman's Fund Application.pdf

1. Click on the application link above, download, and complete in full.
2. Scan and email to mike@iiabaz.com or fax (602) 468-1392 or mail to 333 East Flower St, Phoenix, AZ 85012.

Click Here for the Membership Application, if you are not a member already. Please be aware that this product is only available to members of the IIABAZ.

If you have any questions, please call Joni Fairbrother or Mike Radcliffe at (800) 627-3356 or (602) 956-1851.
Life and Health Errors and Omissions Coverage

If you are interested in Life & Health E&O Coverage, fill out this LH Supplement
and Insurance Agents & Brokers Professional Liability Application and scan and email to mona@iiabaz.com or fax (602) 468-1392 or mail to 333 East Flower St, Phoenix, AZ 85012.
 
If you have any questions, please call Joni Fairbrother or Mona Enriquez at (800) 627-3356 or (602) 956-1851.
Excess and Surplus Lines E&O Markets

In circumstances when an account does not fall within the underwriting guidelines of our standard markets – Swiss Re/Westport, and Fireman’s Fund – we have access to Excess & Surplus lines markets. For more information, contact Joni Fairbrother or Mike Radcliffe at (800) 627-3356 or (602) 956-1851
.

 

Risk Management Tools

We believe risk management is key in not only preventing errors, but also in providing agencies with tools to more efficiently service customers. As a Big "I" Member you have exclusive access to the risk management information developed from our more than 30 years of experience insuring agencies.
E&O Loss Control Seminars
The Seminars are available to Big "I" Members free of charge and offer the tools and knowledge to protect your agency. Completion of the seminar may qualify for a discount on your premium for many E&O policies. They are also approved for 6 CE Hours in Arizona.  For a list of the scheduled courses, click here or contact Ray Garcia at ray@iiabaz.com about arranging an in-house program.
(FREE)
Virtual Risk Consultant 
The Virtual Risk Consultant (VRC) is powered by Rough Notes and is a web-based resource providing comprehensive tools such as industry specific client risk exposure questionnaires and checklists to better understand the coverage needs of customers and assist the agency in avoiding E&O claims from failing to offer proper coverage and failing to identify customer exposure. Click Here to learn more or sign up.
(Fee-based)
E&O Happens Website
E&O Happen is exclusive to Westport/Swiss Re E&O policyholders and is a risk management website that contains comprehensive information and tools such as: the common mistakes that cause E&O claims, real-life case studies for learning, best practice tips, sample disclaimers, procedures and client letters, operational self-assessments, articles, and more. Click Here to login.
(FREE)