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  • E&O Program Loss Control Credits

    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.

    Loss-Control Credit

    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. 

    Eligible Classes

    Remember, classes must be offered through FAIA to receive credit. The loss control credit may be impacted if an agency has paid claims.    

    Agency Audit Credit

    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.

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  • Attendance Requirements for
    E&O Loss Control Credit


    Staff Size
     
    # Staff
    Req.
     
    Position
    in Agency
     
    1 1 Active agency principal.
    2–7 2 At least 1 active agency principal, owner, partner, or officer. Other staff may be a producer or CSR.
    8–20  4 At least 1 active agency principal, owner, partner, or officer; at least 1 operations manager or producer. Other staff may include producers or CSRs.
    21–50  6 At least 1 active agency principal, owner, partner, or officer; at least 1 operations manager or producer; and at least 1 CSR. Other staff may be producers or CSRs.
    51+ 10 At least 1 active agency principal, owner, partner, or officer; at least 2 operations managers or producers; and at least 2 CSRs. Other staff may be producers or CSRs.