NAPA Direct Errors & Omissions Insurance for life & health insurance agents offers comprehensive errors and omissions coverage at truly affordable rates. Choose from three liability coverage levels and optional incidental property & casualty coverage. This Errors and Omissions program is underwritten by AM Best A+ Superior rated national carrier, Scottsdale Insurance Company. Applying online for this E&O coverage takes just minutes. Monthly payment options are also available.NAPA Direct E&O Insurance Plan Details
Errors and Omissions Insurance protects professional insurance agents from claims arising from the sale and servicing of life and health insurance products. Like malpractice insurance for doctors or lawyers, NAPA Direct E&O Insurance can help protect your assets and current & future earnings and also provide expert legal representation in the event a covered claim is filed. Don't forget that your E&O Insurance premiums are a tax deductible business expense.
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 agents earning less than $250,000 in gross annual commission & fee. 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 |
| $1M / $1M | $475.00 | $127.12 | $37.08 |
| $1M / $3M | $540.00 | $137.12 | $42.08 |
| $2M / $2M | $860.00 | $186.67 | $66.67 |
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 |
| $1M / $1M | $565.00 | $141.00 | $44.00 |
| $1M / $3M | $675.00 | $159.37 | $52.33 |
| $2M / $2M | $995.00 | $207.12 | $77.08 |
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 |
| $1M / $1M | $697.00 | $159.37 | $54.33 |
| $1M / $3M | $860.00 | $184.87 | $66.83 |
| $2M / $2M | $1,235.00 | $242.68 | $95.67 |
More coverage limits for Option C>>
* Pricing for agents earning less than $250,000 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.
Retention/Deductibles
- $1,000 for claims arising from fixed life, health, accident and disability insurance and annuities
- $5,000 for all other 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)
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.
E&O Liability Coverage Options
- $1,000,000 per wrongful act / $1,000,000 annual aggregate
- $1,000,000 per wrongful act / $3,000,000 annual aggregate
- $2,000,000 per wrongful act / $2,000,000 annual aggregate
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.
Do you need NAPA Direct PLUS Incidental P&C
coverage? Click here.
Don't lose your prior acts coverage! Sign up for a FREE E&O Renewal Reminder!
