E&O Insurance and Professional Liability Products
With IIANC’s variety of professional liability products, you can be assured that your agency is well protected. IIANC members have access to the Big “I” Professional Liability program, a respected and complete program offering a variety of insurance agent’s Errors & Omissions (E&O) products that are hand-selected for their reputation and performance.
With stable rates and a long-term market, the Big “I” Professional Liability program is properly positioned to meet your professional needs and protect the future of your agency. The coverage is sold and administered locally by IIANC’s Insurance Products team who has over 25 years industry experience. You will get the same attention and commitment to service that you give to your clients.
You trust us to represent your interests at the highest political level, and as your association, we also want to offer the security of knowing you are getting insured with the E&O program selected by the Big "I" for their members.
Looking for E&O Insurance for Your Agency?
As an insurance agent, you spend countless hours protecting your customers by taking complex risk management matters out of their hands and attempting to do your best to protect their financial well-being.
The reality is, the gap in knowledge between the insurance consumer and the insurance agent couldn’t be wider. Consumers don’t know what they don’t know about insurance, so they rely on insurance professionals to provide them with accurate advice, and adequate coverage.
As we all know, mistakes and oversights happen, even to the best of us. This is why having a robust Professional Liability (E&O) policy for your insurance agency is critical.
Just like we tell our clients — it only takes one claim to cause significant financial hardship. The same can be said about your insurance agency.
Whether it’s just you as a solo agency owner, or you have a team of employees relying on you, having E&O coverage is something you simply can’t overlook.
Get Started with Your Quote
The team at IIANC is ready to help! Please contact one of our professional liability team members and they will work with you to gather the information needed to provide you with an accurate and timely quote.Agency Umbrella Protection
Penn National Commercial Umbrella
The Big “I” and Penn National Insurance have partnered to offer Big “I” members a comprehensive commercial umbrella that includes coverage over E&O policies from a variety of carriers. Program highlights include:The Operational Improvement Review for Insurance Agents
Your agency is eligible to receive up to a 15% premium credit annually for up to 5 years*.
The Operational Improvement Review is designed to enhance your agency’s operational efficiency, reduce risks, and create a culture of continuous improvement. This process not only identifies key areas for growth but also provides actionable insights for your agency. This review is tailored to meet the unique needs of your agency, ensuring maximum impact and a guaranteed return on investment.
Services Provided
The audit includes an in-depth operational improvement review, a website review, and an E&O risk management course to reduce exposures and enhance agency practices.
Time Commitment
Team discussions will require approximately one hour per session, with survey completion taking about 30 minutes per employee. Leadership engagement, including data sharing and final report review, will take 2-3 hours.
Enhancements
This process aims to reduce E&O exposures, improve customer service, increase sales opportunities, establish consistent agency procedures, and cultivate a risk management culture among staff.
Benefits
✔ Reduced E&O Exposure tailored to your agency’s operations.
✔ Enhanced operational workflows based on your team’s survey responses.
✔ Custom strategy recommendations for growth and risk mitigation.✔ Direct support from experts to implement improvements.
By completing the Operational Improvement Review, the agency will receive a 15% annual discount on its E&O program premium. This discount is guaranteed for five policy terms and remains unaffected by claim activity. Premium savings will be recalculated annually based on updated policy quotes.
Ready to optimize your agency's operations? Click below to contact Jason Sabo (jsabo@iianc.com), Director of Agency Development, for more information.
Please note completion of any request(s) for information does not constitute the purchase of insurance. No coverage may be added, changed, or bound as a result of submitting a request for information or quotation of insurance. All coverage must be confirmed by the agency in writing subject to an acceptable signed application meeting the underwriting guidelines of the Insurance Company.
This website provides only a simplified description of coverages and is not a statement of contract. None of the information provided on the website is a guarantee that insurance will be provided or that the agency is obligated to procure insurance for the website visitor. Coverage may not apply in all states. Misstatements or omissions of relevant information can lead to price variation or even declination or rescission of coverage. For complete details of coverages, conditions, limits, and losses not covered, be sure to read the policy, including all endorsements, or prospectus, if applicable. Coverage CANNOT be bound, amended, or altered by leaving a message on, or relying upon, information in this Website or through E-Mail, Voicemail or Text.