Preferred Risk E&O™ substantially lowers the cost of E & O Insurance for insurance agents and low-risk financial advisors. Reason: Preferred Risk E&O™  insurance allows agents to pay a premium equal to the risk they pose to the insurer. Since this errors and omissions insurance is for low-risk agents and advisors, CNA’s premium is substantially lower than the premium charged for non-qualifying risks.

“Preferred Risk E&O™ is the next-generation of professional liability E&O insurance for insurance professionals,” says Steven R. McCarty, National Ethics Bureau Chairman. “Now that high-risk agents are purged from the pool, low-risk agents can get a much better deal.”

Preferred Risk E&O™  insurance products provide a $1,000,000 limit of liability for each claim and a $2,000,000 individual insured annual aggregate limit, and deductibles start at just $500 per insured for life, accident, and health products.

The following information has been provided by Marsh.

To Review the Complete Preferred Risk E&O Insurance Speciman Policy Click Here.

Underwritten by:
Continental Casualty Insurance Company (CNA)
CNA is the 7th largest U.S. commercial insurer and the 13th largest U.S. property & casualty insurer. CNA provides insurance protection to more than 1 million businesses and professionals in the U.S. and internationally.

Highlights include:
$10 billion in revenues
100+ years in business
9,400 employees
U.S. and International operations
“A” rated for financial strength by A.M. Best

Offered and Administered by:
The plan offerer & administrator is Marsh (a service of Seabury & Smith) is part of the family of MMC companies. With 24,000 employees and annual revenues approaching $5 billion Marsh serves more clients in more industries worldwide than any other firm in our industry. Marsh works with businesses, public entities, organizations, and private clients in over 100 countries.

Overview:
Provides protection against your liability for wrongful acts in the rendering of or failure to render professional services. This includes (but is not limited to) activities relating to the sale, attempted sale, or servicing of term life insurance, fixed universal life insurance, fixed whole life insurance, accident and health insurance, managed health care organization contracts, long term care insurance, and Medicare supplemental insurance.

Optional Coverage if Purchased:
This includes (but is not limited to) activities relating to the sale, attempted sale, or servicing of disability income insurance, fixed annuities (including indexed annuities), variable annuities, variable universal life insurance, variable whole life insurance, mutual funds registered by the SEC and offered through a FINRA-registered Broker/Dealer, and Investment Advisory Services offered through a Registered Investment Advisor (RIA).

Extended Reporting Period:
Unlimited extended reporting period is granted to the insured in the event of retirement, disability, career change, or death (coverage extended to heirs) for no additional premium.

Retroactive Date:
Prior acts are dependent on your designation.

With respect to an agent or general agent, it is the date the agent or general agent became continuously insured without interruption under any claims made professional liability policy (subject to written proof of such coverage at the time the insured gives written notice to the insurer of a claim under the policy).

With respect to a Registered Representative or a Registered Investment Adviser, it is the latest date the Registered Representative or Registered Investment Adviser contracted with the Broker/Dealer.

Plan Eligibility:
Applicants who answer favorably to the questions on the application may be enrolled into this E&O Insurance program.

To Review the Complete Preferred Risk E&O Insurance Speciman Policy, Click Here.