IIAW Blog

Did You Endorse Your EPLI Policy to Include Wage & Hour Defense?

On December 22, 2016, a federal judge in Texas imposed a nationwide injunction on the Department of Labor’s (DOL) Overtime Rule. It was originally due to go into effect on December 1 but now the rule is on hold. The next noteworthy date is January 20, 2017, when President-elect Donald Trump is sworn in as President. It is unclear what direction President Trump will take the DOL but there may be clues in the upcoming weeks. He is slated to select a Labor Secretary soon. Despite how the regul...

Does Your EPLI Policy Cover What You May Have Missed? What Agents Need to Know

In May 2016, the Department of Labor (DOL) finalized an update to an overtime regulation that exempts certain "white collar" employees from overtime and minimum wage requirements. The overtime regulation increases the minimum salary at which employees can qualify for the administrative, executive, professional, and computer "white collar" exemptions from $23,660 to $47,476. The regulation also changes the salary requirements to qualify for the "highly compensated employee" exemption from $10...

E&O Happens: Simple Tips to Prevent Claims

Ever feel like you’re reinventing the wheel regarding agency management? Chances are, if you have a great idea, somebody else has had a similar idea and created a template for it. As a Swiss Re policyholder and a member of the Independent Insurance Agents of Wisconsin, you have access to E&O Happens, our national Association’s website which is dedicated to E&O risk management and loaded with useful templates and helpful agency operations tools. E&O risk management is all about a...
Matt Banaszynski
Matt Banaszynski

Highlights of the IIAW Comprehensive E&O Program

This month, we are highlighting the expanded features of our superior errors & omissions insurance program from Swiss Re/Westport. Meggen Gagas’ article on page X goes into more detail about the liberalized policy and added endorsements. As the IIAW’s Director of Agency Services, Meggen has written extensively about E&O over the past year. I wanted to take a few minutes to highlight three of the pertinent topics she has brought to light that are deserving of an independent agents’ at...

Swiss Re Expands Coverage, Adds Available Endorsements

Swiss Re is one of the world’s largest reinsurers and a Forbes 2000 leading global company for 2016. The company has been in business since 1863. To have that level of longevity and success, Swiss Re has had to innovate to remain a force in the industry. The company continually looks to lead in coverage improvement in the Independent Insurance Agent E&O marketplace.  With the continued vision of “by and for independent agents,” Swiss Re has worked with local program managers and agent me...