Swiss Re/Westport E&O policy holders have two ways to receive premium credits: by taking E&O loss control classes through FAIA, and through an agency risk management audit.
When you take eligible E&O classes through FAIA Education, you qualify for a 10-percent loss control credit on your Westport E&O Policy. Attendance is required each year to maintain the credit, and a copy of the Loss Control Certificate is required with your renewal application.
Remember, classes must be offered through FAIA to receive credit. The loss control credit may be impacted if an agency has paid claims.
Swiss Re/Westport offers a five-year 10-percent premium credit to agencies that complete and comply with an agency risk management audit performed by any approved auditor. See the list of Swiss Re/Westport approved auditors.