NAPA Agent and Agency Errors & Omissions Insurance


NAPA Direct E&O Insurance offers insurance agents and agencies comprehensive coverage options at affordable rates with monthly payment options, instant certificates and fast, easy online applications. Apply for coverage in just minutes!

   E&O Insurance for life & health newly licensed agents


Apply for NAPA Direct E&O Now!   Policy   Policy 02/01/2014 to 10/01/2014   Policy 04/01/2015 to 02/01/2016   Policy 10/01/2014 to 3/31/2015   Plan Overview   E&O Renewal Reminder

Pricing Information  |   Program Features  |   Coverage Limits  |   Deductibles and Retentions  |   Payment Options  |   Underwriter  |   Program Administrator  |  

About This Coverage

  • This Errors and Omissions insurance program is designed exclusively for newly licensed Life & Health Agents that apply within two years of receiving their first original issued state Life & Health Agent license and have commission income of less than $100,000 for the 12 months prior to enrolling.
Option Provides Coverage for the Sale & Servicing of: Installments In Full
A Life, accident, health, LTC, disability, including Medicare Advantage & Medicare Supplements, employee benefit administration $29.33/month with $111.37 down $374
B Life, accident, health, LTC, disability, including Medicare Advantage and Medicare Supplements, employee benefit administration PLUS Fixed & Indexed Annuities $36.17/month with $118.17 down $456
C Life, accident, health, LTC, disability, including Medicare Advantage and Medicare Supplements, employee benefit administration PLUS Fixed & Indexed Annuities, Mutual Funds & Variable Products $48.75/month with $130.75 down $607

Use the Rate Calculator to see additional coverage and pricing options.

Pricing Information

  • To be eligible for newly licensed agent pricing, you must apply within two years of receiving your first original issued insurance agent license and have commission income of less than $100,000 for the 12 months prior to enrolling. Pricing shown is for Newly Licensed Agents earning less than $100,000 in gross annual commissions with a coverage limit of $1,000,000 per "claim"/$1,000,000 annual aggregate.
  • Newly Licensed Agent Pricing includes $42.00 NAPA membership dues and a $40.00 administration fee. Down payment refers to monthly payment option. Your down payment includes one month's premium, NAPA dues, administrative fees and a $5.00 monthly processing fee.
  • Down payments will be processed immediately; monthly deductions as shown above will begin the first of the month after enrollment effective date. Policy is subject to minimum earned premium equal to one month of premium. Administrative fees, dues and minimum earned premium are non-refundable.

Program Features

  • This E&O Program is ACA compliant
  • This policy provides coverage for claims that arise from the sale and servicing of self-funded group health plans. Multiple employer trust or welfare arrangement are not covered and insolvency claims are excluded except for carriers with an A- rating at time of sale.
  • Policy includes $25,000 of indemnity and $25,000 of defense cost coverage for claims arising from the negligent violation of a client's privacy including identity theft protection at no additional cost. Each loss subject to a $250,000 total policy aggregate. See policy for details.
  • Monthly payment options
  • A policy aggregate of $50,000,000*
  • Painless automatic renewal
    • NAPA Direct now auto-renews for Life & Health Agents! As a busy insurance agent, you have a lot on your plate. With NAPA’s new auto renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything. We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
  • Available in all 50 states and U.S. territories
  • Underwritten by an admitted A.M. Best "A" rated for financial strength carrier
  • Disappearing Deductible/Retention
  • Peace of mind knowing you've got NAPA's more than 25 years of E&O expertise on your side
  • Coverage for:**
    • Regulatory Defense
    • Social Media
    • Data Breach and Privacy
    • Military Deployment Gap

    *Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State. **Sublimits may apply. See policy for complete coverage terms and conditions. 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 provinces and may be subject to change without notice.

Coverage Limits

  • $1 Million per claim / $1 Million annual aggregate (Newly Licensed Agents Only)

Deductibles and Retentions

  • First two years in the program: $1,000 retention for claims arising from fixed life, health, accident, disability insurance, and fixed and indexed annuities
  • After two years of continuous coverage in the program: retention decreases to $500.00
  • After five years of continuous coverage in the program: retention decreases to $0.00
  • $5,000 for all other covered claims (e.g. variable products and mutual funds)

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first business day of each month.

Underwriter

  • CNA is a registered trademark of CNA Financial Corporation. Copyright © 2014 CNA. All rights reserved. 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.
    www.cna.com

Program Administrator

  • Gallagher MGA

   E&O Insurance for Life & health agents


Apply for NAPA Direct E&O Now!   Policy   Policy 02/01/2014 to 10/01/2014   Policy 04/01/2015 to 02/01/2016   Policy 10/01/2014 to 3/31/2015   Plan Overview   E&O Renewal Reminder

Pricing Information  |   Program Features  |   Coverage Limits  |   Deductibles and Retentions  |   Payment Options  |   Underwriter  |   Program Administrator  |  

About This Coverage

  • This Errors and Omissions insurance program is designed exclusively for licensed Life & Health Agents and is underwritten by an admitted A.M. Best "A" rated for financial strength carrier. This program now has Industry leading base limits of $1M/$3M!
Option Provides Coverage for the Sale & Servicing of: Installments In Full
A Life, accident, health, LTC, disability, including Medicare Advantage & Medicare Supplements, employee benefit administration $36.83/month with $123.87 down $469
B Life, accident, health, LTC, disability, including Medicare Advantage and Medicare Supplements, employee benefit administration PLUS Fixed & Indexed Annuities $43.67/month with $130.67 down $551
C Life, accident, health, LTC, disability, including Medicare Advantage and Medicare Supplements, employee benefit administration PLUS Fixed & Indexed Annuities, Mutual Funds & Variable Products $53.92/month with $140.92 down $674

Use the Rate Calculator to see additional coverage and pricing options.

Pricing Information

  • Pricing shown is for agents earning less than $250,000 in gross annual commissions with a coverage limit of $1,000,000 per "claim"/$3,000,000 annual aggregate.
  • Pricing includes $42.00 NAPA membership dues and a $45.00 administration fee. Down payment refers to monthly payment option. Your down payment includes one month's premium, NAPA dues, administrative fees and a $5.00 monthly processing fee.
  • Down payments will be processed immediately; monthly deductions as shown above will begin the first of the month after enrollment effective date. Policy is subject to minimum earned premium equal to one month of premium. Administrative fees, dues and minimum earned premium are non-refundable.

Program Features

  • This E&O Program is ACA compliant
  • This policy provides coverage for claims that arise from the sale and servicing of self-funded group health plans. Multiple employer trust or welfare arrangement are not covered and insolvency claims are excluded except for carriers with an A- rating at time of sale.
  • Policy includes $25,000 of indemnity and $25,000 of defense cost coverage for claims arising from the negligent violation of a client's privacy including identity theft protection at no additional cost. Each loss subject to a $250,000 total policy aggregate. See policy for details.
  • Monthly payment options
  • A policy aggregate of $50,000,000*
  • $1M/$3M coverage for the price of $1M/$1M
    • NAPA has secured a higher aggregate limit of liability for our preferred certificate holders which will meet the recent increased aggregate limit requirements for many insurance companies. This savings is being offered to you, as a preferred certificate holder of NAPA as our way of thanking you for your support. Please note this excludes product options that include P&C Coverage.
  • Painless automatic renewal
    • NAPA Direct now auto-renews for Life & Health Agents! As a busy insurance agent, you have a lot on your plate. With NAPA’s new auto renew feature, there's no need to complete an application every year. We’ll send you a renewal notice and if you still meet the eligibility requirements, you don’t have to do anything. We’ll automatically renew your policy using the payment information we have on file. It’s that easy!
  • Available in all 50 states and U.S. territories
  • Underwritten by an admitted A.M. Best "A" rated for financial strength carrier
  • Disappearing Deductible/Retention
  • Peace of mind knowing you've got NAPA's more than 25 years of E&O expertise on your side
  • Coverage for:**
    • Regulatory Defense
    • Social Media
    • Data Breach and Privacy
    • Military Deployment Gap

    *Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State. **Sublimits may apply. See policy for complete coverage terms and conditions. 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 provinces and may be subject to change without notice.

Coverage Limits

  • $1 Million per claim / $3 Million annual aggregate – Great news! $1M/$1M limits have been increased to $1M/$3M for the same low price.
  • $2 Million per claim / $2 Million annual aggregate

Deductibles and Retentions

  • First two years in the program: $1,000 retention for claims arising from fixed life, health, accident, disability insurance, and fixed and indexed annuities
  • After two years of continuous coverage in the program: retention decreases to $500.00
  • After five years of continuous coverage in the program: retention decreases to $0.00
  • $5,000 for all other covered claims (e.g. variable products and mutual funds)

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first business day of each month.

Underwriter

  • CNA is a registered trademark of CNA Financial Corporation. Copyright © 2014 CNA. All rights reserved. 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.
    www.cna.com

Program Administrator

  • Gallagher MGA

   E&O Insurance for Life & health newly licensed agents plus P&C


Apply for NAPA Direct E&O Now!   Policy   Policy 02/01/2014 to 04/02/2015   Policy 03/01/2015 to 03/01/2016   Plan Overview   E&O Renewal Reminder

Pricing Information  |   Program Features  |   Coverage Limits  |   Deductibles and Retentions  |   Payment Options  |   Policy Changes  |   Underwriter  |   Program Administrator  |  

About This Coverage

  • This Errors and Omissions insurance program is designed exclusively for newly licensed Life & Health Agents that also sell Property & Casualty products. Agents must apply within two years of receiving their first original issued state Life & Health Agent license and have commission income of less than $100,000 for the 12 months prior to enrolling. Agents must generate at least 51% of revenues from the sale & service of Life & Health products.
Option Provides Coverage for the Sale & Servicing of: Installments In Full
A Life, accident, health, LTC, disability, including Medicare Advantage & Medicare Supplements PLUS incidental personal lines P&C (<25% of total revenues) $51.67/month with $163.67 down $672
B Option A PLUS Fixed & Indexed Annuities $58.33/month with $170.37 down $752
C Option A & B PLUS Fixed & Indexed Annuities, Mutual Funds & Variable Products $71.25/month with $183.25 down $907

Use the Rate Calculator to see additional coverage and pricing options.

Pricing Information

  • Incidental Personal Lines P&C coverage includes: auto, recreational vehicles, watercraft, motorcycle, homeowners, renters, personal umbrellas, pet insurance and flood. Admitted Carriers Only. Total P&C revenues must be less than 25% to be eligible for the pricing above.
  • Additional coverage options are available, including higher percentages of property and casualty revenue. Sublimits and Exclusions apply. See policy for full details.
  • Pricing for newly licensed agents includes $42.00 NAPA membership dues and administration fees as follows:
    • Option A, B, C with Personal Lines P&C only (less than 25% of total revenues): $70.00
    • All other options: $80.00
  • Down payment includes one month's premium, NAPA dues and administrative fees, and a $5.00 monthly processing fee. Monthly deductions as shown above will begin the first business day of the month after enrollment effective date.
  • Down payments will be processed immediately; monthly deductions as shown above will begin the first business day of the month after enrollment effective date.
  • By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Financial Services Professional Liability Risk Purchasing Group, Inc. ("FSPLRPG"). FSPLRPG is a Texas non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of FSPLRPG is covered for separate limits of liability, and is required to pay all premiums when due.

Program Features

  • Policy is designed for services as a life and health insurance agent who also writes property and casualty insurance
  • Includes Life, Accident, Health, Disability, LTC, including Medicare Advantage & Medicare Supplements Plus Incidental Personal Lines P&C (less than 25% of total revenues)
  • Additional Coverage Options for Fixed & Indexed Annuities, Variable Products & Mutual Funds
  • Additional Coverage Options for P&C include:
    • Incidental Personal Lines P&C (less than 50% of total Revenues)
    • Incidental Personal & Commercial Lines P&C (less than 50% of total Revenues)
  • Personal Lines P&C includes coverage for auto, recreational vehicles, watercraft, motorcycle, homeowners, renters, personal umbrellas, pet insurance and flood. Admitted Carriers only.*
  • Commercial Lines P&C includes workers compensation and employers liability, general and product liability, business owners and commercial multi-peril, auto (other than long haul trucking), property, and flood. Admitted carriers only.**
  • A policy aggregate of $10,000,000***

    *Sublimits & Exclusions Apply. See Policy for full details.
    **Coverage for claims arising out of flood insurance will require that such insurance be offered, such offer be documented and if rejected, such rejection by the insured documented. The agent must also comply with his/her state regulations/requirements involving flood insurance.
    ***Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State.

Coverage Limits

  • $1 Million per claim / $1 Million annual aggregate

Deductibles and Retentions

  • $1,000 for claims arising from life, health, disability, long-term care products and annuities
  • $5,000 for claims arising from indexed annuities or indexed life insurance, variable products, mutual funds or other securities
  • $5,000 for claims involving personal lines property & casualty insurance
  • $10,000 for claims involving commercial lines insurance
  • $25,000 for Flood Insurance: Flood Insurance is subject to a $100,000/$100,000/$1,000,000 sublimit

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first business day of each month.

Policy Changes

  • New Program Underwriter
    • Policy underwriter is now Prosurance (previously CNA)

    Total Policy aggregate changes

    • CNA (prior policy): $50,000,000
    • Prosurance (current policy) $10,000,000

    Deductibles & Sublimit changes

    CNA: Life & Health Disappearing Deductible/Retention
    • First two years in the program: $1,000 retention for claims arising from fixed life, health, accident, disability insurance, and fixed and indexed annuities
    • After two years of continuous coverage in the program: retention decreases to $500.00
    • After five years of continuous coverage in the program: retention decreases to $0.00
    • $5,000 for all other covered claims (e.g. variable products and mutual funds)
    Coverage Sublimits of Liability for P&C
    • $100,000 per "claim" / $250,000 annual agent aggregate for claims arising from flood insurance
    • $1M per "claim" / $1M annual agent aggregate for all other covered claims
    P&C Deductible/Retention
    • $5,000 per covered claim (other than flood)
    • $20,000 per claimant for any claim involving or in any way related to flood insurance

    Prosurance: Deductible/Retention

    • Disappearing deductible only applies to the sale or servicing of fixed life, accident & health and disability insurance and fixed annuities. All other products do not have a disappearing deductible.
    • $1,000 for claims arising from life, health, disability, long-term care products and annuities
    • $5,000 for claims arising from indexed annuities or indexed life insurance, variable products, mutual funds or other securities
    • $5,000 for claims involving personal lines property & casualty insurance
    • $10,000 for claims involving commercial lines insurance
    • $25,000 for Flood Insurance: Flood Insurance is subject to a $100,000/$100,000/$1,000,000 sublimit

    Coverage Endorsements

  • The following endorsements are removed
    • Social Media and Military Deployment GAP
    The following endorsements change
    • Regulatory Defense changes to Disciplinary & Subpoena Endorsement
      • CNA: limit of Liability of $25,000 with $0 retention
      • Prosurance: $20,000 limit of liability with a $20,000 annual aggregate and a retention of $2,500
    • Network Risk and Privacy Claim Endorsement changes to Privacy and Identity Protection Endorsement
      • CNA: sublimits of $25,000 limit for each claim and $250,000 annual aggregate for all claims
      • Prosurance: $15,000 legal liability and $10,000 defense cost limit, subject to a $25,000 annual insured aggregate and a $2,500 retention

    Extended Reporting Period

    CNA:
    • Agents Less than 3 years in the program
      • 1 year @100% of premium, 2 year @ 160% of premium, 3 year @ 200% of premium
      • Right to purchase unlimited ERP @ 250% of premium
    • Agents Exactly 3 years in the program
      • Automatic ERP of 3 years
      • Right to purchase unlimited ERP @ 250% of premium
    • Agents More than 3 years in the program
      • Automatic ERP of 10 yrs
      • Right to purchase unlimited ERP @ 250% of premium
    Prosurance:
    • Optional 1 Year ERP for 100% of premium

    Insolvency coverage

    • CNA: products sold from A.M. Best rated "A-" or better carriers at time of sale
    • Prosurance: products sold from A.M. Best rated "B+" or better carriers at time of sale

Underwriter

  • Your coverage is secured by National Casualty Company, an admitted carrier rated A+ XV by A.M. Best. National Casualty Company is part of the Scottsdale Group, a subsidiary of the Nationwide Mutual Insurance Company.

Program Administrator

  • Gallagher MGA

   E&O Insurance for Life & health agents plus P&C


Apply for NAPA Direct E&O Now!   Policy   Policy 02/01/2014 to 04/02/2015   Policy 03/01/2015 to 03/01/2016   Plan Overview   E&O Renewal Reminder

Pricing Information  |   Program Features  |   Coverage Limits  |   Deductibles and Retentions  |   Payment Options  |   Policy Changes  |   Underwriter  |   Program Administrator  |  

About This Coverage

  • This Errors and Omissions insurance program is designed exclusively for licensed Life & Health Agents that also sell Property & Casualty products. Agents must generate at least 51% of revenues from the sale & service of Life & Health products.
Option Provides Coverage for the Sale & Servicing of: Monthly In Full
A Life, accident, health, LTC, disability, including Medicare Advantage & Medicare Supplements PLUS incidental personal lines P&C (<25% of total revenues) $59.17/month with $176.17 down $767
B Option A PLUS Fixed & Indexed Annuities $65.83/month with $182.87 down $847
C Option A & B PLUS Fixed & Indexed Annuities, Mutual Funds & Variable Products $76.25/month with $193.25 down $972

Use the Rate Calculator to see additional coverage and pricing options.

Pricing Information

  • Incidental Personal Lines P&C coverage includes: auto, recreational vehicles, watercraft, motorcycle, homeowners, renters, personal umbrellas, pet insurance and flood. Admitted Carriers Only. Total P&C revenues must be less than 25% to be eligible for the pricing above.
  • Additional coverage options are available, including higher percentages of property and casualty revenue. Sublimits and Exclusions apply. See policy for full details.
  • Pricing for standard life and health agents includes $42.00 NAPA membership dues and administration fees as follows:
    • Option A, B, C with Personal Lines P&C only (less than 25% of total revenues): $75.00
    • All other options: $85.00
  • Down payment includes one month's premium, NAPA dues and administrative fees, and a $5.00 monthly processing fee. Monthly deductions as shown above will begin the first business day of the month after enrollment effective date.
  • Down payments will be processed immediately; monthly deductions as shown above will begin the first business day of the month after enrollment effective date.
  • By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Financial Services Professional Liability Risk Purchasing Group, Inc. ("FSPLRPG"). FSPLRPG is a Texas non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of FSPLRPG is covered for separate limits of liability, and is required to pay all premiums when due.

Program Features

  • Policy is designed for services as a life and health insurance agent who also writes property and casualty insurance
  • Includes Life, Accident, Health, Disability, LTC, including Medicare Advantage & Medicare Supplements Plus Incidental Personal Lines P&C (less than 25% of total revenues)
  • Additional Coverage Options for Fixed & Indexed Annuities, Variable Products & Mutual Funds
  • Additional Coverage Options for P&C include:
    • Incidental Personal Lines P&C (less than 50% of total Revenues)
    • Incidental Personal & Commercial Lines P&C (less than 50% of total Revenues)
  • Personal Lines P&C includes coverage for auto, recreational vehicles, watercraft, motorcycle, homeowners, renters, personal umbrellas, pet insurance and flood. Admitted Carriers only.*
  • Commercial Lines P&C includes workers compensation and employers liability, general and product liability, business owners and commercial multi-peril, auto (other than long haul trucking), property, and flood. Admitted carriers only.**
  • A policy aggregate of $10,000,000***

    *Sublimits & Exclusions Apply. See Policy for full details.
    **Coverage for claims arising out of flood insurance will require that such insurance be offered, such offer be documented and if rejected, such rejection by the insured documented. The agent must also comply with his/her state regulations/requirements involving flood insurance.
    ***Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State.

Coverage Limits

  • $1 Million per claim / $1 Million annual aggregate
  • $1 Million per claim / $2 Million annual aggregate
  • $1 Million per claim / $3 Million annual aggregate
  • $2 Million per claim / $2 Million annual aggregate

Deductibles and Retentions

  • $1,000 for claims arising from life, health, disability, long-term care products and annuities
  • $5,000 for claims arising from indexed annuities or indexed life insurance, variable products, mutual funds or other securities
  • $5,000 for claims involving personal lines property & casualty insurance
  • $10,000 for claims involving commercial lines insurance
  • $25,000 for Flood Insurance: Flood Insurance is subject to a $100,000/$100,000/$1,000,000 sublimit

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first business day of each month.

Policy Changes

  • New Program Underwriter
    • Policy underwriter is now Prosurance (previously CNA)

    Total Policy aggregate changes

    • CNA (prior policy): $50,000,000
    • Prosurance (current policy) $10,000,000

    Deductibles & Sublimit changes

    CNA: Life & Health Disappearing Deductible/Retention
    • First two years in the program: $1,000 retention for claims arising from fixed life, health, accident, disability insurance, and fixed and indexed annuities
    • After two years of continuous coverage in the program: retention decreases to $500.00
    • After five years of continuous coverage in the program: retention decreases to $0.00
    • $5,000 for all other covered claims (e.g. variable products and mutual funds)
    Coverage Sublimits of Liability for P&C
    • $100,000 per "claim" / $250,000 annual agent aggregate for claims arising from flood insurance
    • $1M per "claim" / $1M annual agent aggregate for all other covered claims
    P&C Deductible/Retention
    • $5,000 per covered claim (other than flood)
    • $20,000 per claimant for any claim involving or in any way related to flood insurance

    Prosurance: Deductible/Retention

    • Disappearing deductible only applies to the sale or servicing of fixed life, accident & health and disability insurance and fixed annuities. All other products do not have a disappearing deductible.
    • $1,000 for claims arising from life, health, disability, long-term care products and annuities
    • $5,000 for claims arising from indexed annuities or indexed life insurance, variable products, mutual funds or other securities
    • $5,000 for claims involving personal lines property & casualty insurance
    • $10,000 for claims involving commercial lines insurance
    • $25,000 for Flood Insurance: Flood Insurance is subject to a $100,000/$100,000/$1,000,000 sublimit

    Coverage Endorsements

  • The following endorsements are removed
    • Social Media and Military Deployment GAP
    The following endorsements change
    • Regulatory Defense changes to Disciplinary & Subpoena Endorsement
      • CNA: limit of Liability of $25,000 with $0 retention
      • Prosurance: $20,000 limit of liability with a $20,000 annual aggregate and a retention of $2,500
    • Network Risk and Privacy Claim Endorsement changes to Privacy and Identity Protection Endorsement
      • CNA: sublimits of $25,000 limit for each claim and $250,000 annual aggregate for all claims
      • Prosurance: $15,000 legal liability and $10,000 defense cost limit, subject to a $25,000 annual insured aggregate and a $2,500 retention

    Extended Reporting Period

    CNA:
    • Agents Less than 3 years in the program
      • 1 year @100% of premium, 2 year @ 160% of premium, 3 year @ 200% of premium
      • Right to purchase unlimited ERP @ 250% of premium
    • Agents Exactly 3 years in the program
      • Automatic ERP of 3 years
      • Right to purchase unlimited ERP @ 250% of premium
    • Agents More than 3 years in the program
      • Automatic ERP of 10 yrs
      • Right to purchase unlimited ERP @ 250% of premium
    Prosurance:
    • Optional 1 Year ERP for 100% of premium

    Insolvency coverage

    • CNA: products sold from A.M. Best rated "A-" or better carriers at time of sale
    • Prosurance: products sold from A.M. Best rated "B+" or better carriers at time of sale

Underwriter

  • Your coverage is secured by National Casualty Company, an admitted carrier rated A+ XV by A.M. Best. National Casualty Company is part of the Scottsdale Group, a subsidiary of the Nationwide Mutual Insurance Company.

Program Administrator

  • Gallagher MGA

   E&O Insurance for property & casualty agencies


Apply for NAPA Direct E&O Now!   Policy   Policy 03/01/2015 to 03/01/2016   Plan Overview   E&O Renewal Reminder

Pricing Information  |   Program Features  |   Coverage Limits  |   Deductibles and Retentions  |   Payment Options  |   Underwriter  |   Program Administrator  |  

About This Coverage

  • This Errors and Omissions insurance program is designed exclusively for Property & Casualty Agents and Agencies with at least 50% of revenues derived from sale & servicing of P&C products. Coverage for Personal Lines Only from admitted carriers. Optional expanded coverage for commercial products including both admitted and non admitted carriers. Optional Life & Health coverage.
  • Additional limits of $1M/$3M now available!
Option Provides Coverage for the Sale & Servicing of: Installments In Full
Level 1 Personal Lines Only: Includes coverage for auto, recreational vehicles, watercraft, motorcycle, homeowners, renters, personal umbrellas, pet insurance and flood. Other commercial and personal lines are excluded. Coverage is limited to admitted carriers only. $83.75/month with $240.75 down $982
Level 2 Personal and Commercial Lines P&C: Includes Level 1 coverage PLUS Commercial Lines P&C coverage for workers compensation and employers liability, general and product liability, business owners and commercial multi-peril, auto (other than long haul trucking), property, and flood. Other commercial and personal lines are excluded. Coverage is limited to admitted carriers only. $102.50 month with $259.50 down $1,207
Level 3 Personal and Commercial Lines P&C with Expanded Commercial: Includes Level 2 coverage PLUS Expanded Commercial Lines coverage for inland marine, medical malpractice and professional liability, directors & officers liability, employment practice liability, fidelity, surety, crop, hail, wind, & earthquake. Sublimits & exclusions apply. See policy for full details. $144.17/month with $301.17 down $1,707

Use the Rate Calculator to see additional coverage and pricing options.

Pricing Information

  • ADDITIONAL COVERAGE LIMITS & INCOME TIER PRICING ARE AVAILABLE. Pricing shown is for agencies earning less than $250,000 in gross annual commissions & fees and is based on a coverage limit of $1,000,000 per claim / $1,000,000 annual aggregate.
  • Pricing includes $42.00 NAPA membership dues and a $115.00 administration fee. Down payment includes one month's premium, NAPA dues and administrative fees, and a $15.00 monthly processing fee.
  • Down payments will be processed immediately; monthly deductions as shown above will begin the first business day of the month after enrollment effective date.
  • *Non-admitted Insurance must be placed through a non-affiliated surplus lines broker. No more than 10% of the agency's revenue can be derived from products under expanded coverage.
  • By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Financial Services Professional Liability Risk Purchasing Group, Inc. ("FSPLRPG"). FSPLRPG is a Texas non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of FSPLRPG is covered for separate limits of liability, and is required to pay all premiums when due.

Program Features

  • Outstanding coverage at affordable rates
  • Annual renewable claims-made policy
  • Policy is designed to afford coverage for property and casualty insurance agencies and their owner(s), employees, and independent contracted agents while acting on behalf of the agency only
  • Additional coverage options available for life & health, annuities, variable products and mutual funds
  • A policy aggregate of $10,000,000*

    *Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State.

  • Additional Coverage Options
    • Option A: Life, Accident, Health, Disability, LTC, including Medicare Advantage & Medicare Supplement Plans
    • Option B: All of Option A products PLUS Fixed Annuities (including indexed annuities)
    • Option C: All of Option B products PLUS Variable Products & Mutual Funds

Coverage Limits

  • $1 Million per claim / $1 Million annual aggregate
  • $1 Million per claim / $2 Million annual aggregate
  • $1 Million per claim / $3 Million annual aggregate

Deductibles and Retentions

  • $1,000 for claims arising from life, health, disability, long-term care products and annuities
  • $5,000 for claims arising from indexed annuities or indexed life insurance, variable products, mutual funds or other securities
  • $5,000 for claims involving personal lines property & casualty insurance
  • $10,000 for claims involving commercial lines insurance
  • $25,000 for Flood & Earthquake Insurance: Flood & Earthquake Insurance is subject to a $100,000/$100,000/$1,000,000 sublimit
  • $25,000 for Expanded Property and Casualty Commercial Lines Coverage Endorsement, subject to a $100,000/$100,000/$1,000,000 sublimit

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first business day of each month.

Underwriter

  • Your coverage is secured by National Casualty Company, an admitted carrier rated A+ XV by A.M. Best. National Casualty Company is part of the Scottsdale Group, a subsidiary of the Nationwide Mutual Insurance Company.

Program Administrator

  • Gallagher MGA

   E&O Insurance for Life & health agencies


Apply for NAPA Direct E&O Now!   Policy   Policy 03/01/2015 to 03/01/2016   Plan Overview   E&O Renewal Reminder

Pricing Information  |   Program Features  |   Coverage Limits  |   Deductibles and Retentions  |   Payment Options  |   Underwriter  |   Program Administrator  |  

About This Coverage

  • This Errors and Omissions insurance program is designed exclusively for Life & Health Agencies with at least 51% of revenues derived from the sale and servicing of Life & Health products.
  • Additional limits of $1M/$3M now available!
Option Provides Coverage for the Sale & Servicing of: Installments In Full
Level 1 Life, Accident, Health, Disability, LTC, including Medicare Advantage & Medicare Supplement Plans, Fixed & Indexed Annuities and Variable Products & Mutual Funds, Also covers Personal Lines P&C products including auto, recreational vehicles, watercraft, motorcycle, homeowners, renters, personal umbrellas, pet insurance and flood. Other commercial and personal lines are excluded. Coverage is limited to admitted carriers only. $129.58/month with $286.62 down $1,532
Level 2 Level 1 coverage PLUS Commercial Lines P&C coverage for workers compensation and employers liability, general and product liability, business owners and commercial multi-peril, auto (other than long haul trucking), property, and flood. Other commercial and personal lines are excluded. Coverage is limited to admitted carriers only. $154.58/month with $311.62 down $1,832
Level 3 Level 2 coverage PLUS Expanded Commercial Lines coverage for inland marine, medical malpractice and professional liability, directors & officers liability, employment practice liability, fidelity, surety, crop, hail, wind, & earthquake. Coverage is for both admitted and non-admitted carriers.* $196.25/month with $353.25 down $2,332

Use the Rate Calculator to see additional coverage and pricing options.

Pricing Information

  • ADDITIONAL COVERAGE LIMITS & INCOME TIER PRICING ARE AVAILABLE. Pricing shown is for agencies earning less than $250,000 in gross annual commissions & fees and is based on a coverage limit of $1,000,000 per claim / $1,000,000 annual aggregate.
  • Pricing includes $42.00 NAPA membership dues and a $115.00 administration fee. Down payment includes one month's premium, NAPA dues and administrative fees, and a $15.00 monthly processing fee.
  • Down payments will be processed immediately; monthly deductions as shown above will begin the first business day of the month after enrollment effective date.
  • *Non-admitted Insurance must be placed through a non-affiliated surplus lines broker. No more than 10% of the agency's revenue can be derived from products under expanded coverage.
  • By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Financial Services Professional Liability Risk Purchasing Group, Inc. ("FSPLRPG"). FSPLRPG is a Texas non-profit corporation that provides liability insurance for its members as a "Purchasing Group" in accordance with the Federal Liability Risk Retention Act (15 U.S.C. §3901 et seq.). Each member of FSPLRPG is covered for separate limits of liability, and is required to pay all premiums when due.

Program Features

  • Insolvency claims are excluded except for carriers with an A- rating at time of sale
  • Policy includes $25,000 of indemnity and $25,000 of defense cost coverage for claims arising from the negligent violation of a client's privacy including identity theft protection at no additional cost. Each loss subject to a $250,000 total policy aggregate. See policy for details.
  • A policy aggregate of $10,000,000*

    *Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State.

Coverage Limits

  • $1 Million per claim / $1 Million annual aggregate
  • $1 Million per claim / $2 Million annual aggregate
  • $1 Million per claim / $3 Million annual aggregate

Deductibles and Retentions

  • $1,000 for claims arising from life, health, disability, long-term care products and annuities
  • $5,000 for claims arising from indexed annuities or indexed life insurance, variable products, mutual funds or other securities
  • $5,000 for claims involving personal lines property & casualty insurance
  • $10,000 for claims involving commercial lines insurance
  • $25,000 for Flood & Earthquake Insurance: Flood & Earthquake Insurance is subject to a $100,000/$100,000/$1,000,000 sublimit
  • $25,000 for Expanded Property and Casualty Commercial Lines Coverage Endorsement, subject to a $100,000/$100,000/$1,000,000 sublimit

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the first business day of each month.

Underwriter

  • Your coverage is secured by National Casualty Company, an admitted carrier rated A+ XV by A.M. Best. National Casualty Company is part of the Scottsdale Group, a subsidiary of the Nationwide Mutual Insurance Company.

Program Administrator

  • Gallagher MGA

Rate Calculator

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