Product knowledge Matters –
OIA has a staff of errors and omissions professionals that are dedicated to providing you with the upmost knowledge related to professional liability. Collectively our staff has decades of professional liability product knowledge. As a unique line of coverage in our industry, we feel it’s very important that you are working with knowledgeable professionals who can help you successfully navigate the complexities of a claims made policy form. The devil is in the details when it comes to insurance coverage and working with educated insurance professionals who specialize in professional liability coverage is essential to ensuring you are properly covered.
Other providers have staff of general property and casualty insurance representatives, professional liability is not their primary focus. They hire agents that will process an auto change one minute and your E&O claim the next. Errors and omissions coverage is an unique coverage line within our industry. Generalists do not typically have experience with professional liability and claims made coverage forms. Our professionals only focus on your professional liability needs because product knowledge, IT MATTERS.
OIA partners with insurance carriers that have extensive product knowledge. They have invested in professionals who are trained exclusively in the underwriting, claims, and service of independent agents. They work with professionals whose product knowledge allows them to design policy forms that address the unique services of independent agents. Other providers work with insurance carriers who utilize a miscellaneous professionally liability policy form with an endorsement to add back coverage for insurance agents. This could lead to coverage gaps. There may be services agents provide that are missed in the coverage form.
Product knowledge goes beyond coverage. It’s a holistic understanding of how coverage, claims handling and risk management all work together to provide you with the best in mitigating your risk. OIA’s carriers provide you with customer portals that allow you to view your coverage online, make payments, and provide you with risk management tools. OIA’s professional liability staff teach risk management to our members as well as provide sample articles, documents, and procedures to utilize in your agency when communicating with your clients and operating your agency.
Product knowledge. It matters.