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Errors & Omissions Requirements

IIA of IL members who obtain their E&O coverage through Utica or Westport Insurance Corp. can qualify for credit on their E&O premium by attending the approved seminar. The seminar must be attended prior to your E&O renewal date or within 30 days after to apply to the current renewal. You must re-attend the seminar after the required time frame to keep the credit continuous.*

Westport Policy Holder Attendees

If you attended an E&O class prior to 1/1/2020, you are still eligible for the 10% credit, but not eligible for the new additional credits unless you re-attend the E&O class in 2020. The class must be attended either prior to or within 30 days after your 2020 renewal date. Please contact your account rep for details on your specific requirements.

Click here to view additional credits available with Westport.

Active Agency Principal, Owner, Partner, or Officer is defined as participating in daily operations of the agency; owners who are investors or have no active participation of the agency are not included.

Agency Staff Size Total Attendees Required
(Minimum 3-hour seminar)
Position in Agency
1-4
1
Active Agency Principal, Owner, Partner or Officer
5-11
3
1 - Active Agency Principal, Owner, Partner or Officer
AND
Any Combination of Producers or CSR's
12+
25% of staff

However, no more than a max of 15 attendees.

1 - Active Agency Principal, Owner, Partner or Officer
AND
Any Combination of Active Agency Principal, Owner, Partner, Officer, Operations Manager, Producer, or CSR's

*The credit for Westport will be applied for two consecutive policy periods.

 


 

Utica Policy Holder Attendees

 

 

Click here to view additional credits available with Utica.

 

 

  • Agency Staff Size 1-3

    One principal/office manager or CSR

  • Agency Staff Size 4-10

    Principal/office manager and 1 CSR

  • Agency Staff Size 11-20

    Principal/office manager and 2 CSRs

  • Agency Staff Size 21 or more

    20% of your staff must be in attendance

*Utica requires the seminar be attended every 24 months for credit to be continuous.