Anybody using IPSI for E&O?

**Marc M** · 01-03-2011, 12:21 PM

Looking to dump FREIA, this place is $1,000 less a year for same coverage, exactly! Even less w/o indemnification.

**Rick Bunzel** · 01-03-2011, 05:16 PM

I have been with them for three years and so far so good. I am going through Wally Glaser 314-725-8394 or wglaser@ipsico.com

//Rick

**Marc M** · 01-03-2011, 09:33 PM

Cool, thanks. I've been with FREIA since the 90's, but looking to save some duckets. Just want to make sure that they can pay a claim should one ever come up (knocking wood).

**Ben Garrison** · 01-04-2011, 04:43 PM

One way to find out... hope it's not the hard way.

Anyone know who underwrites their policy?

**Marc M** · 01-04-2011, 06:25 PM

So I called freia to see if they would match the price,but said no. Interestingly, they didnt "diss" the company which leads me to believe that they are likely to be legit. I am researching the underwriters now. International placement services

Mike Inspector · 01-04-2011, 06:57 PM

Try NAPLIA also North American Professional Liability Insurance Agency - Errors & Omissions

**Scott Patterson** · 01-05-2011, 08:56 AM

From what I have read and been told IPSI does not take everyone. You have to have been in business for I think 3 years. They also have a fairly lengthy form for underwriting.

As for who underwrites them, I seem to recall it being United National Insurance Company Best's Credit Rating Center - Company Information for United National Insurance Company. Give Wally a call, I'm sure he can tell you first hand. Truth be known you really do not have a clue how good your E&O is until you have to use it. I looked into them this past year and almost switched, but I stayed with my current provider out of simply not wanting to jump through the hoops and making the change.

**Marc M** · 01-05-2011, 11:00 PM

Originally Posted by Scott Patterson

From what I have read and been told IPSI does not take everyone. You have to have been in business for I think 3 years. They also have a fairly lengthy form for underwriting.

As for who underwrites them, I seem to recall it being United National Insurance Company Best's Credit Rating Center - Company Information for United National Insurance Company. Give Wally a call, I'm sure he can tell you first hand. Truth be known you really do not have a clue how good your E&O is until you have to use it. I looked into them this past year and almost switched, but I stayed with my current provider out of simply not wanting to jump through the hoops and making the change.

Scott, I'm with you buddy. I dont care to change but my wife, well lets say she'll drive 20 miles to save 5 cents for gas, bless her heart.

**Benjamin Thompson** · 01-06-2011, 07:09 AM

I can tell you that I am with Frea and am involved in a litigation going on 2 years. They have burned through about 100,000 in legal fees and haven't raised my rates or threatened to cancel me and have stood behind me 100%. $3000 a year doesn't seem so bad when you look at the cost of defending yourself.
Besides, they are a sponsor of IN.