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Swiss Re's Loss Control Credit Requirements and Available Class Schedules

How to Qualify for Swiss Re’s Loss Control Credit
Who must attend?
Total Staff Who Must Attend Total Attendees

1

1 Active Principal, Owner, Partner or Officer

1

2-7

1 Active Principal, Owner, Partner or Officer
1 Producer/CSR

2

8-20

1 Active Principal, Owner, Partner or Officer
1 Active Principal, Owner, Partner, Officer,
Operations Manager or Producer
2 add’l Producer or CSR

4

21-50

1 Active Principal, Owner, Partner or Officer
1 Active Principal, Owner, Partner, Officer,
Operations Manager or Producer
1 CSR
3 add’l Producer or CSR

6
51+

1 Active Principal, Owner, Partner or Officer
2 Active Principal, Owner, Partner, Officer,
Operations Manager or Producer
2 CSR
5 add’l Producer or CSR

10
When should you go? Prior to your policy anniversary date (or within 30 days after your policy inception/ renewal date). The required staff should attend every 3 policy periods.
 
What classes qualify?
  Traditional Classroom:
    Agency E&O Risk Management  I  [1 day seminar]
Agency E&O Risk Management II  [1 day seminar]
Contact Debbie White, at 800.222.2699 or email dwhite@massagent.com to schedule an on-site session at your agency.
  Video Training Room:
   

Agency E&O Risk Management II – [6 Hrs]...check listing for when this program will run

   
  Also Available...
 
  • To arrange for an on-site class in your agency, please contact Debbie White at 800.222.2699 or email her at dwhite@massagent.com
  • We will also provide E&O educational opportunities at MAIA's Annual Conference - The BIG Event - in November.
 
Further conditions with respect to Swiss Re Loss Control Credit:

When attending an approved Loss Control Seminar, be sure to complete & turn in the attendance verification form that will be provided at the end of the seminar so it may be submitted to Swiss Re for your agency’s underwriting file.

No Claims are made against your agency in each of the three years following the attendance at the seminar.

If there are no claims made during the three year discounted term, the insured may qualify for credit by attending another seminar during the third year of the discounted term and prior to the policy period expiration date.

If a claim is made against the insured during any of the three years of the discount term and the agency qualifies again prior to the next renewal date by attending Loss Control seminar(s) as described above, the loss control credit will be reinstated and the three year loss control period will begin to run again. This is one-time opportunity; additional losses during the policy period results in the loss of the credit at the next renewal date.

For the purpose of this program, a claim is defined as an Errors & Omission incident or situation for which a payment for loss and/or expense is made by either the Corporation (Swiss Re) of the insured or if a loss reserve on a reported incident is established by the Claims Department of the Corporation (Swiss Re). Reporting of an incident where no reserve is established and no payment is made will not be considered as a claim for purposes of this program. Any time or expenses for the Swiss Re Insurance Corporation staff does not constitute a payment for loss or expense.

For more information about our E&O Programs, please contact our E&O Department at the Number One Insurance Agency at 1-800-742-6363 or email estoppel@massagent.com or mstangelo@massagent.com