IN THIS ISSUE: “Reflecting on Our Journey and Looking Ahead” Letter from the 2023 IBBA Chair. Plus, Insights on Addressing Emotions in Business Brokerage, Mastering the Art of Risk Management, the New SBA SOPs, and more!
Business Brokers Can Now Access Broad Professional Liability Coverage Through Aon Affinity, IBBA Partnership
This article originally appeared on PRWeb.com
Business brokers can now easily access professional liability insurance to protect them against errors and omissions, through Aon Professional Liability Plus and International Business Brokers Association (IBBA).
FORT WASHINGTON, PA. (PRWEB) NOVEMBER 14, 2017
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, Executive Director, IBBA. “We are pleased to partner with Aon on this program that provides them with affordable options to protect their businesses and families.”
Since 1947, Aon Affinity has protected the business and personal interests of professionals across a wide variety of industries, with more than 1.5 million policies in force.
For more information on the Aon Professional Liability Plus program, please contact Chuck Brady at 215.773.4182 or [email protected].
Aon Affinity is the brand name for the brokerage and program administration operations of Affinity Insurance Services, Inc.; (TX 13695); (AR 100106022); in CA & MN, AIS Affinity Insurance Agency, Inc. (CA 0795465); in OK, AIS Affinity Insurance Services Inc.; in CA, Aon Affinity Insurance Services, Inc., (CA 0G94493), Aon Direct Insurance Administrators and Berkely Insurance Agency and in NY, AIS Affinity Insurance Agency.
All descriptions, summaries or highlights of coverage are for general informational purposes only and do not amend, alter or modify the actual terms or conditions of any insurance policy. Coverage is governed only by the terms and conditions of the relevant policy.
About Aon Affinity
Aon Affinity is a trade name for Affinity Insurance Services, Inc. Aon Affinity combines the specialized knowledge of affinity program management with the extensive resources of a global company to help clients achieve their goals. With an innovative approach to program strategy, from the design of products and services to the delivery of the marketing message, Affinity offers full-service capabilities; technical expertise and industry knowledge to deliver value to clients. Visit http://www.aon.com/affinity for more information.
Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance.
For further information on our capabilities and to learn how we empower results for clients, please visit: https://aon.mediaroom.com/.
The IBBA provides business brokers with education, conferences, professional designations and networking opportunities. As an exclusive education opportunity, it offers coursework and seminars required to obtain its prestigious Certified Business Intermediary (CBI) certification.
The IBBA also strives to create professional relationships with successful business transaction advisors to increase the value of the IBBA to its members and to be a leader in the exchange of business referrals. Membership in the IBBA includes these excellent networking opportunities, as well as a complete package of other benefits and services. Formed in 1983, the IBBA has members around the world. For more information about the IBBA, visit the website at https://www.ibba.org.
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IN THIS ISSUE: “Embracing Resilience and Refinement in Challenging Times” Letter from the 2023 IBBA Chair. Plus, Insights on the Power of AI, Deciding Whether or Not to Grow, Do’s and Don’ts for Buyers, and More!