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Your E&O — Critical & PIA Western Alliance Offers E&O

Posted By Administration, Tuesday, November 7, 2017

Insurance agents need E&O. We do a good job of taking notes. Keep up on our education is a priority. Our communication is exceptional. Still, once in a while we slip. Mistakes — after all — are a human condition.

These days we’re hearing a lot about agents being criticized — and some sued — for not properly explaining the need for flood insurance or higher limits for property insurance or replacement costs if things are totally destroyed by something like wildfire.

You get the point. When you make a mistake having E&O insurance is a life saver. Most carriers require that you carry it. And even if they don’t have that requirement, you need the insurance.

The PIA Western Alliance has E&O and lots of options.

 

Utica Mutual Insurance Company: Utica is the only company that separates property and casualty E&O from life and health E&O. Both Utica Mutual and Utica Life & Health are specifically geared toward that type of agency. Utica has been providing agent E&O coverage for more than 40 years and has nearly $2-billion dollars in assets. They continue to be one of the standard bearers in the industry, offering a superior product at a competitive price.

Utica offers policies that include:

  Full prior acts.

  Defense costs in addition to limits of liability.

  First-dollar defense coverage.

  Optional loss and litigation deductible and an aggregate deductible that caps your annual deductible exposure.

  Advertising and personal injury coverage.

  5% loss control credit. Attend a Utica approved 3 hour E&O course for credit.

  Flexible payment plans and an A+ claims department.

  Optional Coverage's include-Financial products coverage, real-estate coverage, mutual funds and variable annuities, and employment practices liability.

  Optional extended reporting periods that reinstate the aggregate and offer options of as long as 10 years.

 

This insurance is available only in Arizona, Idaho, Montana, Nevada, New Mexico, Oregon and Washington.

Click here to get a Utica Real Time, Quick Premium Indication.

 

Utica Life and Health E&O: In addition to providing quality E&O insurance for P&C agents, Utica also sets the standards of E&O protection for life and health agents. Policy highlights include the following:

  Full prior acts.

  Defense costs in addition to limits of liability.

  First-dollar defense coverage.

  Optional extended reporting periods that reinstate the aggregate and offer options of as long as 10 years.

 

This coverage is available only in Arizona, Idaho, Montana, Nevada, New Mexico, Oregon and Washington.

Click here to get a Utica Real Time, Quick Premium Indication.

 

Liberty: Liberty has been providing E&O coverage to insurance professionals for more than 25 years. With more than $2 billion in assets, Liberty offers a flexible E&O plan to fit all of your needs. Liberty has one of the broadest policy forms available in today's market.

Available only in Idaho, Montana, Oregon and Washington.

Click here to access the Easy Estimate Form

 

CITA Insurance Services: CITA Insurance Services professionals have been in business for over 30 years and specialize in smaller Independent P&C agencies with $5 million or less in annual revenue and 30 or fewer staff members. They offer many benefits, including:

  Low Capped Deductible (2x Aggregate): Reduces exposures to aggregate claims in an E&O policy period

  Specified Provider Deductible Option: Lower deductible option for E&O Claims arising from business through an agency’s top carrier

  80/20 Consent to Settle Option: Minimizes the risk of out of pocket expenses

  Diminishing Deductible: Deductible reduction applies when you are claim free and renew your policy

  Individual policy: Ensures that you don’t share your policy with anyone else!

  Defense Costs Outside the Limits of Liability: Defense Costs will not reduce your policy limits of liability

  First Dollar Defense: Your deductible does not apply to defense costs

 

Excellent Claims Adjudication

CITA’s Errors and Omissions Insurance for Insurance Agents is written on an admitted basis with an A+ XV rating by A.M. Best Company in all states.

Available in all states.

Click here to access the Easy Estimate Form

 

Specialty Markets: For hard to place or start-up programs the PIA can quote from several markets.

Click here to access the Easy Estimate Form

 

If you have questions, contact Kim Cottrell, the PIA Western Alliance E&O Agent at (888) 246-4466 x112.

You can fax or email the Easy Estimate, plus your Dec Page to (888) 346-4466 or email to kimcottrell@piawest.com

 

Source link: PIA Western Alliance

Tags:  Insurance Content  Insurance Industry  Insurance News  Weekly Industry News  Your E&O — Critical & PIA Western Alliance Offers  

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