Could your website be used as evidence for an E&O claim?
As an insurance agent, you likely are the “best” in a certain line of business or have a near “expert” level of knowledge. As such, you use this type of language on your website to differentiate your agency from competitors. However, the presence of certain statements can lead to unwanted E&O exposures.
According to recent data, 1 in 7 agents reports a potential E&O claim yearly. And attorneys are now using the language on websites and marketing materials as supporting evidence. A seemingly innocent statement about your services could be exactly what an attorney needs to help their client win their case against you.
That is why removing potentially harmful keywords, phrases, and missing disclaimers on your website is crucial. Otherwise, you may…
- Unknowingly increase your agency’s duty to advise
- Damage your clients’ trust in your insurance agency
- Lose clients as a result of unsatisfactory service
- Risk an unfavorable outcome in an E&O lawsuit
- Drive up the premium for your E&O insurance policy
Fortunately, getting an E&O website review from IIABSC is a simple, affordable way to uncover issues and reduce E&O exposures on your website.
Enjoy Helpful Insight & Policy Savings
We aim to help insurance agents like you minimize E&O exposures and ultimately avoid E&O claims. That’s why we offer an E&O website review—to identify and address risky language on your site while giving you the opportunity to save on your policy.
Here is what you can look forward to…
Receive a Report with Recommended Changes
After performing your insurance website evaluation, our team will provide you with a digital copy of the report, including the changes we recommend.
Discuss the Results in a 30-Minute Consultation
During a consultation hosted over a virtual meeting, you’ll have the opportunity to ask questions and discuss the results of your review with a Swiss Re-approved auditor.
Become Eligible for a 5% E&O Premium Credit After Implementing Changes
E&O insurance for insurance agents can be expensive, which is why you’ll appreciate that the review includes eligibility for a 5% premium credit on your Swiss Re E&O policy after the recommended changes in the report are made.