Insurance Coverage for your Agency
Through AScK, member agencies can access a full line of affordable coverage for their own agencies, including E&O, Employment Practices Liability and Commercial Umbrella. Click on the tabs below for more details about the available coverages.
When it comes to Errors & Omissions coverage, agents look for stable rates and a long-term market that they can rely on to protect their greatest asset - their business. The country's premiere E&O coverage is available to member agencies through AScK.
Members may choose from different E&O options, however, Swiss Re Corporate Solutions is KAIA's recommended carrier. Swiss Re's policy is available exclusively to KAIA members, is rated "A Excellent" by A.M. Best and includes a comprehensive risk management program for independent agents.
Learn more about the E&O coverages available to KAIA members:
10% Loss Control Credit
Members who purchase E&O coverage through AScK may be eligible for a 10% loss control credit on their premiums. In order to receive the credit, a percentage of your agency's staff must complete an approved E&O Risk Management class. The one-day class is offered by KAIA three times during the year or the class can be brought to your agency and taught in-house. Click here to find an upcoming E&O class.
Contact the AScK staff at 1-800-229-7048 or AScK@kaia.com if you are not already receiving this credit, or if you would like more information about having an E&O class taught onsite at your agency.
Apply for E&O coverage today
Click here to download the application for E&O coverage through Swiss Re Corporate Solutions
As an employer, you need adequate protection, protection that AScK can provide through its Kansas Employment Practices Liability Insurance policy. You are right to feel confident about your ability to handle personnel issues, but you can't be everywhere all the time. It's critical that you have a ready means of defense - whether the action initiated against you or a member of your management team is a groundless retaliatory act or one the courts may deem justifable.
As one of the broadest coverages on the market, the Kansas Employment Practices Liability Insurance policy protects against:
- Sexual harassment
- Wrongful termination
- Wrongful discipline
- Invasion of privacy
- Third-party coverage
- Equal pay violations
- Wrongful infliction of emotional distress or retaliation
- Breach of employment contract
- Negligent evaluation
- Wrongful deprivation of career opportunity
- Failure to employ or promote
- Wage and hour
Acts of Discrmination
Coverage can also be purchased for employment-related acts of discrimination and may extend to acts that pertain to an employee's:
- Sexual orientation
- Sexual preference
- National origin
Members can access broad coverage for their agencies with the Kansas Commercial Umbrella policy. This umbrella policy, available through Swiss Re Corporate Solutions, provides additional coverage over primary casualty lines, including E&O. If Swiss Re Corporate Solutions is not your E&O carrier, the umbrella policy can be written over a variety of other E&O carriers.
The Kansas Commercial Umbrella policy includes:
- Rating and coverage structured to help you maximize premium dollars for the limits desired
- Consistently high financial strength ratings
- Catastrophe loss protection in the event of a large claim against your agency
- A claims team of attorneys and E&O experts who have the experience and knowlege needed to defend and protect you in the event of a claim
Read more about the coverages available through Swiss Re's Commercial Umbrella.
Whether it's a stolen laptop or a cyber attack from an outside source, a data breach can happen at any time to any size business. AScK, in partnership with Beazley and Arlington Roe, now offers Data Breach coverage for KAIA member agencies.
Does your agency need Data Breach coverage?
The fact is data breaches are more likely to happen in a small business, and the average data breach costs upwards of $200,000. Click here for six reasons you might need data breach coverage.
Options to fit your needs
With Arlington Roe's Data Breach coverage you get access to NoDataBreach.com, an informational resource site that will help you protect your agency against data breaches. Click here to read more about NoDataBreach.com.
Arlington Roe also offers a variety of options for your coverage. Check here to see your different coverage options.
Apply for coverage
Click here to apply for coverage.
Cyber Liability - Understanding the Risk
3 Part Educational Video
Cybercrime has grown seventeen times since 2009 with no slowdown in sight. All businesses, including Insurance Agents, which collect private information about their clients, must comply with State and/or Federal Notification Laws. These notification requirements can cost small businesses on average over $200,000 and larger businesses can be in the millions. Since this is also a rapidly growing exposure it is difficult for businesses to understand the definition of private information, how to protect it and how to comply with Notification Laws.
This 3 part course will provide agents with an understanding of the current exposures associated with cyber risks and ways to protect themselves and their clients.
This course is designed to increase the awareness of Cyber risks, the laws and ways to protect. The objective is for the participants to learn the following;
1. Be able to identify and define Private Information
2. Know and understand the State and Federal laws requiring businesses to protect the information.
3. Understand risk management techniques that businesses can implement to help mitigate losses.Understand how to insure this exposure and the differences in carrier policies.
4. Be able to identify the cyber risks associated with their clients business.
Apply for Data Breach Coverage for your agency
Click here to fill out the
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