Insurance Carrier: Zurich American Insurance Company
Exclusive - $1M: FT $378, PT: $279; $2M: FT $558
Non-Exclusive - $1M: FT $467, PT: $299; $2M: FT $626
Mandatory (society mandates that the agent uses Alliance program)
Exclusive - $1M: FT $324, PT: $259; $2M: FT $482
Non-Exclusive - $1M: FT $374, PT: $279; $2M: FT $535
Limits of Liability:
$1,000,000 Each Claim; $1,000,000 Aggregate each Agent
- OR - $2,000,000 Each Claim; $2,000,000 Aggregate each Agent
Deductible: $500 Each claim involving products (Damages Only) of sponsoring society
$1,000 Each claim involving outside products
Independent or captive agents (FT or PT)
Mandatory or voluntary participation
No cost to sponsoring society
Premium collection options
What does this policy insure?
Generally, the E&O policy provides protection for defense costs and damages arising from claims made against an Agent for any negligent act, error or omission in the performance of Professional Services.
Who is covered under the policy?
Agents, plus any corporation, partnership or other business entity which engages in Professional Services and is either owned or controlled by the Agent.
Any unlicensed employee or licensed administrative assistant employed by and acting on behalf of the Agent
The sponsoring society, for vicarious liability.
What professional services are covered?
The sale and/or servicing of:
Life insurance, accident and health, fixed annuities and disability income insurance
Variable insurance and annuities
Employee Benefit Plans
Mutual funds and securities (available for additional premium charge).
For more information, please contact:
Michele K. Gerace, Esq.
Vice President/Account Executive
A Division of Brown & Brown
Program Insurance Services, Inc.
Tel: (201) 526-4628
Fax: (714) 367-7757