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Utica E&O Approved

Every agency wants to save money. When you meet any one of the below listed criteria, a 5% credit is applied to your premium---meet two of the three below listed for a maximum of 10% credit. There is no minimum premium threshold for an account to be eligible for the credit. The criteria must be met every year for the credit to be continued.

1. Use of An Annual Exposure Analysis Program (5% Creidt)

  • Needs to be a regular part of the agency’s procedures
  • Requires that a client sign off on coverages not taken
  • 3 new and 3 renewal exposure analysis checklists must be reviewed

2. Professional Training & Development of Your Staff (5% Credit)

  • 60% or more of the agency staff must achieve recognized designations, including CISR, CIC, CPIA, CPCU and CRM

3. Attendance at an Approved E&O Seminar (5% Credit)

  • Within the last 24 months or within the first 60 days after the inception date
  • For all internal CSR employees as well as the principal or office manager of the agency
  • The seminars must address errors and omissions loss prevention
  • Required attendees by office size:
    • 1 – 3 staff = Principal/office manager or CSR
    • 4 – 10 staff = Principal/office manager and 1 CSR
    • 11 – 20 staff = Principal/office manager and 2 CSRs
    • 21 and over = 20% or more of staff

Approved Seminars (must be minimum of 3-hour course)

  • A 3 hour E&O loss prevention seminar
  • Any CIC update for persons holding that designation in good standing
  • The CIC Agency Management Institute for persons who do not have the designation
  • The CISR Agency Operations seminar
  • The CPIA seminars
  • Any other seminar approved by Utica Mutual for this credit
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