E&O Insurance for P&C Agents

Coverage Details for Basic Options $751 & $840

Commercial general liability insurance policies (CGL), Homeowners insurance policies, Personal automobile insurance policies, Worker’s compensation or employer’s liability insurance policies, Directors and officers liability insurance policies, and Employment practices liability insurance policies.

Coverage Details for Expanded Options $1,496 & $1,697

Commercial general liability insurance policies (CGL), Homeowners insurance policies, Personal automobile insurance policies, Worker’s compensation or employer’s liability insurance policies, Directors and officers liability insurance policies, and Employment practices liability insurance policies.

+ Expanded Definition of Professional Services

An expanded definition of professional services is offered for an additional premium and includes the above listed insurance products, as well as the following:

Surety bonds, Professional liability insurance policies, Business owners package insurance policies, Commercial package insurance policies, Personal property insurance policies, Crime insurance policies, Standard and nonstandard fire insurance policies, Umbrella insurance policies, Business interruption insurance policies, Dwelling insurance policies, and Personal recreation and vehicle insurance policies.

NEA Member Fee Disclosure: The NEA member fee covers your membership in the National Ethics Association (NEA). Please note that the NEA membership fee is not part of the insurance transaction. You must be a member of the NEA and be able to successfully complete the application for coverage in order to be eligible for the insurance offered through the NEA. If you wish to purchase this insurance coverage, you may apply for the insurance by completing the application, as noted above. You will then pay the insurance premium and receive your certificate of insurance.

Premium Payment: annual or monthly payment options are available.  Initial payments are processed immediately; subsequent monthly payments are processed on the third business day of each month. The down payment for the monthly payment option includes the first month premium and a $5 processing fee; subsequent monthly payments also include a $5 processing fee.

The premium is earned on the first of each month. Earned premium is nonrefundable.

Pay with credit card or electronic funds transfer (EFT).

Overview

Provides protection for licensed Insurance Agents for wrongful acts in the rendering of or failure to render professional services in connection with selling or servicing the following property and casualty insurance products: comprehensive general liability policies, homeowners policies, automobile policies, workers compensation or employers liability policies, directors and officers liability policies, and employment practices liability.

An expanded definition of professional services is offered for an additional premium and includes the above listed insurance products, as well as the following: surety bonds, professional liability policies, business owners package policies, commercial package policies, personal property policies, crime policies, standard and nonstandard fire policies, umbrella policies, business interruption policies, dwelling policies, and personal recreation vehicle policies.

Insureds include the Insurance Agent, a business entity owned or controlled by the Agent and secretarial, clerical and administrative personnel acting on behalf of the Agent. A separate Certificate of Insurance with a separate Limit of Liability is issued to each Agent.

Limits of Liability

$1,000,000 each claim
$1,000,000 all Claims under each Certificate of Insurance

-OR-

$1,000,000 each claim
$2,000,000 all Claims under each Certificate of Insurance

$10,000,000 total policy aggregate for all Claims under all Certificates of Insurance (for all non-New York Insureds)

Retention

$7,500 each Claim

Additional Features Include:

• Competitive rates
• Prior Acts Coverage going back to the first continuous E&O policy issued to the Agent
• A 365 day extended reporting period available for purchase within 30 days of the expiration date if either Insured or Insurer cancels or non-renews; the cost is 150% of the annualized premium
• Quick and easy online enrollment and renewal, with Certificate of Insurance available online upon satisfactory confirmation of premium payment
• Coverage extended to spouses, domestic partners, estates, heirs or legal representatives for claims arising out of their status as such
• Policy non-cancelable by Insurer except for non-payment of premium
• Broad definition of Claim includes written demands and civil proceedings for monetary damages

Plan Eligibility

Coverage is subject to favorably answering all qualifying questions on the application.

Important State Amendatory Endorsements

Underwritten by:

Your coverage is secured by Continental Casualty Company, a member company of CNA Financial and is rated A (Excellent) by A.M. Best.

Disclaimer: One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA” is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the “CNA” service mark in connection with insurance underwriting and claims activities. Copyright © 2019 CNA. All rights reserved.

Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions for more information.

A.M. Best rating chart and other disclosures PDF

Property and Casualty Policy Specimen PDF