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PIA Western Alliance reduction in E&O premiums

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Who Needs Professional Liability Insurance (E&O)?

Many types of businesses need professional liability insurance. In some states certain kinds of professional practices are required to carry professional liability insurance. In other cases, a client may require a business to have professional liability insurance as a condition of a contract to do work.
 
If you work directly with customers by providing services, consider a professional liability insurance policy. A customer or client can sue even if you’ve done nothing wrong. If a customer or client believes for example, they received inferior service, mistakes were made or they received bad advice from your company, they may make a claim or even sue your business.
 
Professional liability insurance helps cover common claims including negligence, misrepresentation, violation of good faith and fair dealing, and inaccurate advice. Depending on the terms, a professional liability insurance policy may also help cover privacy violations.
 

PIA Members & Non-Members alike 

 take advantage of E&O policy discounts with 3 reliable carriers

   

 


 

Easy Estimate Form: Click Here

Available in all states.

Q: How can I earn 10% off my agents' E&O premium?

A:  There are 3 ways you can save...

1.  Conduct an annual exposure analysis program reviewed by Utica (5% credit)

2.  Professional training & development of your staff

3.  Attendance at an approved E&O seminar (5% credit)

 

Q:  Is this program available in my state?

A: This program is available in Arizona, Idaho, Montana, Nevada, New Mexico, Oregon and Washington.

 

 

Q:  Why Utica?

A:  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.


 

Q:  What do the Utica policies include?

  • DIRECT access to the underwriter
  • Dedicated claims specialist
  • Full prior acts
  • Defense costs in addition to limits of liability (Wow!)
  • 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
  • 5% credit for Professional Training & Development. 60% or more agency staff achieve recognized designations including CPSR, CISR, ACSR, CPCU, CIC, and CPIA
  • 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

 


 

Easy Estimate Form: Click Here

Available in Idaho, Montana, Oregon and Washington

 

 Q:  What does Liberty Mutual policies include?

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.

  • Full Prior Acts
  • First Dollar Defense
  • Defense outside the limits
  • Claims advice line with dedicated, experienced claims adjusters
  • Flexible limit and deductible options
  • Flexible rating plans
  • Superior Service

 


 

Easy Estimate Form: Click Here

Available in all states

 

Q:  What does CITA Insurance Services policies include?

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.

  • 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
  • Association membership is considered for discounted or preferred rates.

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 state. 

 


Call PIA Western Alliance at 1 888 246.4466 to quote from several markets for hard-to-place or start-up programs.

 


 Quick Links

Market Access    xx   Growth & Profit Tool   xx    AVYST eForms

 Discount MVRs $1  xxx    CE Discounts

A special thank you to our KKlub Members for their support.