Business Brokers Can Now Access Broad Professional Liability Coverage Through Aon Affinity, IBBA Partnership

Business brokers now have easy access to broad professional liability insurance coverage to protect them against errors and omissions, through Aon Professional Liability Plus, offered by Aon Affinity, the affinity business of Aon plc (NYSE: AON) and the International Business Brokers Association (IBBA). The two organizations recently partnered to offer brokers this important coverage which helps protect them in their daily business activities.

“In today’s litigious society, business brokers are vulnerable to being sued,” said Chuck Brady, senior vice president, Aon Affinity. “We’re very pleased to team up with IBBA to provide a solution that allows business brokers the freedom to grow their businesses, knowing their finances, reputation and future are protected.”

The program, underwritten by an A-rated carrier, offers a number of features, customized to meet the needs of business brokers:

  •     15% premium discount for Certified Business Intermediaries (CBIs) in good standing
  •     Annual premiums as low as $1,000
  •     Covers you and your staff
  •     Educational webinars on risk mitigation best practices
  •     Carrier rated ‘A’ (Excellent) by A.M. Best Co.
  •     Fast turnaround for a free quote
  •     Available in all 50 states

Coverage highlights include:

  •     Limits from $100,000 up to $5,000,000 for qualified firms
  •     Coverage endorsements tailored to business brokers
  •     Sub-limited coverages:

–    Disciplinary Proceedings Coverage

–    Regulatory Inquiry Coverage

–    Subpoena Assistance Coverage

  •     Extended Reporting Period options up to 5 years
  •     Experienced, specialized claims handling

“The IBBA exists to promote professional standards and help business brokers be successful,” said Kylene Golubski,…

Read the full article from the Source…

Leave a Reply

Your email address will not be published. Required fields are marked *