Swiss Re Unveils E&O Agency Umbrella Coverage

Swiss Re's Commercial Insurance group announced the introduction of Errors and Omissions (E&O) agency umbrella coverage in all 50 states and the District of Columbia.

The insurance policy offering was developed in conjunction with the Independent Insurance Agents & Brokers of America (The Big "I") to meet the needs of the insurance agent marketplace. The coverage is expected to be available country wide contingent on filing approval from each department of insurance.

The Agency Umbrella policy from Swiss Re (www.swissre.com) offers broad coverage over primary lines, including professional liability, with a maximum limit of up to USD 10 million. The programme, underwritten by Westport Insurance Corporation (a member of the Swiss Re Group), is rated "A+" by A.M. Best and has a 34-year history of underwriting professional liability.

Swiss Re can write the umbrella over their own E&O coverage, or most other carrier's primary E&O coverage (except in California).