**To be eligible for new agent pricing, you must apply within two years of receiving your original issued state life & health agent license and have commission income of less than $100,000 for the 12 months prior to enrolling.
Pricing shown is for experienced agents earning less than $250,000 and new agents earning less than $100,000 in gross annual commissions with a coverage limit of $1,000,000 per wrongful act/$1,000,000 annual aggregate.
The NAPA Direct E&O Program offers all Life and Health Insurance Agents outstanding coverage and affordable rates. The plan is an annual-renewable claims-made policy. Claims-made financial services professional liability coverage limited to services provided as a life/health insurance agent and Series 6 Registered Representative. Pricing shown is for experienced agents earning less than $250,000 and new agents earning less than $100,000 in gross annual commissions. Higher revenue tier pricing is available.
Option A
Life, Accident, Health, Disability, LTC, including Medicare Advantage and Medicare Supplements
| Coverage Limits | Single Payment* | Down Payment** | Monthly Payment | |
| New Agent | $1M / $1M | $375.00 | $112.37 | $29.33 |
| Experienced Agent |
$1M / $1M | $475.00 | $129.87 | $36.83 |
| $1M / $3M | $540.00 | $139.87 | $41.83 | |
| $2M / $2M | $860.00 | $192.17 | $66.17 |
Option B
Life, Accident, Health, Disability, LTC, including Medicare Advantage and Medicare Supplements, PLUS Fixed Annuities (including indexed annuities)
| Coverage Limits | Single Payment* | Down Payment** | Monthly Payment | |
| New Agent | $1M / $1M | $465.00 | $127.17 | $36.17 |
| Experienced Agent |
$1M / $1M | $565.00 | $144.67 | $43.67 |
| $1M / $3M | $675.00 | $163.92 | $51.92 | |
| $2M / $2M | $995.00 | $214.42 | $76.42 |
Option C
Life, Accident, Health, Disability, LTC, including Medicare Advantage and Medicare Supplements, PLUS Fixed Annuities (including indexed annuities), Mutual Funds & Variable Products
| Coverage Limits | Single Payment* | Down Payment** | Monthly Payment | |
| New Agent | $1M / $1M | $625.00 | $148.75 | $48.75 |
| Experienced Agent |
$1M / $1M | $697.00 | $163.92 | $53.92 |
| $1M / $3M | $860.00 | $190.37 | $66.33 | |
| $2M / $2M | $1,235.00 | $250.92 | $94.92 |
* Pricing shown is for experienced agents earning less than $250,000 and new agents earning less than $100,000 in gross annual commissions. Prices include $36.00 NAPA membership dues and applicable fees, taxes and doc stamps. **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.
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)
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 B+ .
- Homeowners
- Auto (including personal watercraft, RV and motorcycle)
- Personal Umbrellas
- Flood
- Renters
Excluded products include, but are not limited to:
- Professional Liability
- Medical Malpractice
- Directors & Officers
- Commercial General Liability
- Commercial Property
- Products Liability
- Workers Compensation
Coverage Sub Limits
- $1M per wrongful act / $1M aggregate
Deductible/Retention
- $5,000 per covered claim
Option A
Life, Accident, Health, Disability, LTC, including Medicare Advantage and Medicare Supplements PLUS Incidental P&C
| Coverage Limits | Single Payment* | Down Payment** | Monthly Payment | |
| New Agent | $1M / $1M | $720.00 | $182.37 | $54.33 |
| Experienced Agent | $1M / $1M | $845.00 | $224.87 | $61.83 |
| $1M / $3M | $910.00 | $234.87 | $66.83 | |
| $2M / $2M | $1,230.00 | $287.17 | $91.17 |
Option B
Life, Accident, Health, Disability, LTC, including Medicare Advantage and Medicare Supplements, PLUS Fixed Annuities (including indexed annuities), PLUS Incidental P&C
| Coverage Limits | Single Payment* | Down Payment** | Monthly Payment | |
| New Agent | $1M / $1M | $810.00 | $197.17 | $61.17 |
| Experienced Agent | $1M / $1M | $935.00 | $239.67 | $68.67 |
| $1M / $3M | $1,045.00 | $258.92 | $76.92 | |
| $2M / $2M | $1,365.00 | $309.42 | $101.42 |
Option C
Life, Accident, Health, Disability, LTC, including Medicare Advantage and Medicare Supplements, PLUS Fixed Annuities (including indexed annuities), Mutual Funds & Variable Products, PLUS Incidental P&C
| Coverage Limits | Single Payment* | Down Payment** | Monthly Payment | |
| New Agent | $1M / $1M | $970.00 | $218.75 | $73.75 |
| Experienced Agent | $1M / $1M | $1,067.00 | $258.92 | $78.92 |
| $1M / $3M | $1,230.00 | $285.37 | $91.33 | |
| $2M / $2M | $1,605.00 | $345.92 | $119.92 |
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.
*Prices include $36.00 NAPA membership dues and applicable fees, taxes and doc stamps. **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.
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)
Plan Underwriter
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)
Apply online in less than 10 minutes for NAPA Direct E&O Insurance.
Upon successful completion of this application, a certificate of insurance will be available for immediate download for eligible agents.
Don't lose your prior acts coverage! Sign up for a FREE E&O Renewal Reminder!
