PIA Unveils PIAPRO — PIA Professional Liability Insurance Company,
Risk Retention Group — Peace of Mind Protection
for Main Street Professional Insurance Agents
PIAPRO offers Insurance Agents Errors and Omissions coverage exclusively
to PIA members. Agent owned and controlled with one of the best policy
forms in the industry, it is designed to protect our members' businesses
and assets from the risk of financial loss due to errors and omissions
in conjunction with services performed as insurance professionals.
PIAPRO was formed for just one reason — to provide high quality,
affordable errors and omissions coverage to agents like you.
It takes a company owned by agents to understand the importance of
affordable protection for your business. In fact, we are the only
agent-owned company offering professional liability E&O coverage to
independent agents. We are proud to introduce to you PIA Professional
Liability Insurance Company, Risk Retention Group or otherwise known
as PIAPRO. Please direct your questions, comments or suggestions for
your E&O insurance company to Natalie Cooper at the PIA of Louisiana
office at 800.349.3434.
The National PIA Board formed a task force with the sole purpose to
research the formation of a PIA-owned captive agents E&O program.
The feasibility study was completed in April of 2009 and since then,
this Task Force along with PIA staff has been working hard on all the
important due diligence in researching and developing the PIAPRO
Program. PIA engaged independent counsel and one of the best Captive
Experts in the industry to review all aspects of the program. The
accumulation of efforts over the past two years has resulted in a
comprehensive and flexible program underwritten by the A.M. Best "A"
rated Argonaut Midwest Insurance Company.
The goal the National Association of Professional Insurance Agents and
the PIA Captive Taskforce Members set out to accomplish in April 2009
has finally come to fruition as PIA Professional Liability Insurance
Company, A Risk Retention Group (PIAPRO) received its Montana
Certificate of Authority for Captive Insurance in August 2011. As a
result, PIA is now available to accept applications for E&O coverage.
Though the formation journey took much longer than anyone anticipated,
the future for PIA, PIAPRO and its membership has now become much
brighter and exciting. This PIA agent owned and operated program
will serve its members well into the future.