Add Incidental P&C Coverage or Limited Commercial P&C Coverage for additional premium.

Plan Highlights

• 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.
• Effective 7/1/2012: 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. See policy endorsement for details.

Liability Coverage Limit Options

• $1,000,000 per "wrongful act" / $1,000,000 annual aggregate
• $1,000,000 per "wrongful act" / $3,000,000 annual aggregate (experienced agents only)
• $2,000,000 per "wrongful act" / $2,000,000 annual aggregate (experienced agents only)

Disappearing Deductible/Retention

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

Program Underwriter

Scottsdale Insurance Company

NAPA has made sure that your E&O Insurance is secured by an outstanding insurance company. 
Scottsdale Insurance Company is rated A+ Superior by AM Best.

Payment Options

• Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT)

 

Incidental Property & Casualty Coverage for Personal Lines*

• New Agents add $345.00
• <250k revenue tier add $370.00
• 250K -499k revenue tier add $750.00
• 500k-999k revenue tier add $1,600.00

Covers ONLY the following products placed with admitted Property & Casualty carriers with an AM Best Ratings no lower than A- :

• Homeowners
• Auto (personal watercraft, RV, motorcycle)
• Personal Umbrellas
• Flood*
• Renters
• Pet Insurance

Excluded products include, but are not limited to:

• Professional Liability
• Medical Malpractice
• Directors & Officers
• Commercial General Liability
• Commercial Property
• Products Liability
• Workers Compensation

* 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.

Coverage Sub Limits of Liability

• $100,000 per "wrongful act" / $250,000 annual agent aggregate for claims arising from flood insurance
• $1M per "wrongful act" / $1M annual agent aggregate for all other covered claims

Deductible/Retention

• $5,000 per covered claim
• $20,000 per claimant for any claim involving or in any way related to flood insurance

P&C sub-limit is $1M per "wrongful act" / $1M aggregate. The P&C coverage included in this plan is designed to be incidental to the agents overall book of Life & Health business. Life & Health agents who also have a P&C license are eligible for this coverage ONLY if their total P&C revenues do not exceed 25% of their gross annual commission & fees.

Limited Property & Casualty Coverage Endorsement – Personal Lines and Commercial Lines

• <250k revenue tier add $575.00

Eligibility

• Annual Commission Income under $250,000
• Annual commission income from sale & servicing of P&C lines must be less than 50% of total annual income

Covers ONLY the following products placed with admitted Property & Casualty carriers with an AM Best Ratings no lower than A- :

Covered Personal Lines:

• Homeowners
• Auto (personal watercraft, RV, motorcycle)
• Personal Umbrellas
• Flood
• Renters
• Pet Insurance
• Flood*

Covered Commercial Lines:

• Workers Comp and Employer Liability
• General Liability
• Product Liability
• Commercial Multi peril
• Business Owners Policy
• Commercial Automobile
• Commercial Property
• Flood*

Excluded products include, but are not limited to:

• Professional Liability
• Medical Malpractice
• Directors & Officers
• Employment Practices Liability
• Ocean Marine
• Aircraft
• Inland Marine
• Fidelity
• Surety
• Boiler & Machinery
• Kidnap & Ransom
• Reinsurance
• International Insurance
• Crop/Hail
• Wind
• Earthquake
• Pollution
• Any policies placed in captives, risk retention groups or purchasing groups
• Loss Control & Risk Management Services
• Class-Action Lawsuits

* 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.

Coverage Sub Limits of Liability

• $100,000 per "wrongful act" / $250,000 annual agent aggregate for claims arising from flood insurance
• $1M per "wrongful act" / $1M annual agent aggregate for all other covered claims

Deductible/Retention

• $20,000 per claimant for any claim involving or in any way related to flood insurance
• $7,500 for all other covered claims

Agency E&O Insurance

Our Agency Insurance Specialists can provide you with a detailed E&O Insurance Quote for your agency.

This entity coverage is designed for:

• Agencies that write L&H and P&C
• Agencies with multiple employed producers or for GAs, IMOs and wholesalers

Additional Information:

• Coverage can be extended to include 1099s
• Minimum premium of $2,500
• Multiple limit options

Request an Agency E&O Indication

Agent onboarding solutions for Agencies

Every agency manager knows producer contracting is a time consuming and expensive process for their agencies. Whether they acknowledge it or not, the average independent insurance agency dedicates almost one full time employee to administrate contract processing. Contracting packets come in consisting of a multitude of non-standardized forms, submitted in any number of methods.

This is just the start of a complex process that takes too much time and effort for everyone involved, especially you. A key reason onboarding and contracting management continues to be so difficult for too many insurance organizations is the absence of automation in the process. It involves lots of paper being handled by you and your team too many times. A manual procedure is not only time intensive, but holds a high potential for error and the need to repeat steps as a result.

eProducerPortal goes beyond populating contract documents. Address many of your agent onboarding challenges. Automate agent contracting for all your carrier partners; interface with internal and systems (i.e., NIPR); incorporate e-signature, automated communications and document storage; facilitate data validation and management reporting; and more. Eligible agencies receive a discount of 15%!

• A web platform that streamlines producer onboarding by facilitating the electronic completion of each contract document, without entering the same information twice
• Single or multi-carrier solutions for online producer onboarding
• Eliminate manual processes and provides automation technology and efficiencies that beyond populating contract documents
• Upload producer data into client legacy systems without data entry
• Data interface with 3rd party systems (NIPR, Appointment/Background vendors, Carriers)
• Continuous web access to contracts and data at producer, recruiter and client level
• Electronic signature provides submission from any location with Internet access
• Configurable options to fit many client needs
• Data validation processes along with management reporting

Learn More