E&O For Less Errors & Omissions Insurance Program

Coverage Limits

• $1 Million per claim / $3 Million annual aggregate base limits.

Pricing Information

Pricing shown is for agents earning less than $250,000 in net annual commissions with a coverage limit of $1,000,000 per "claim"/$3,000,000 annual aggregate. Includes Cyber Liability coverage for an additional $100 of premium.

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 of each month.

• Pricing includes $60.00 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.
• At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees, NAPA dues, and minimum earned premium are non-refundable.

Program Features

This is a claims made and reported policy and provides coverage for claims that arise from the sale and servicing of self-funded group health plans if they are funded in whole or in part by an insurance company or product and claim losses are not resultant of any employer’s, insurer’s, or any other entities insolvency or inability to pay beneficiary claims made under such plans. Multiple employer trust or welfare arrangements (MEWAs) are not covered.

Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period. Claims must be reported during the policy period; or, during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

Coverage for:^*

• Regulatory Defense
• Social Media
• Network Risk & Privacy Claim
• Military Activation Coverage

• Cyber and data breach coverage available for $100 additional premium
  • $5,000 retention each Claim or Privacy Event
  • $100,000 limit of liability in the aggregate per insured
  • $100,000 limit of liability for each claim and in the aggregate per Insured for privacy injury liability and privacy regulation proceedings
  • $25,000 limit of liability for each privacy event
• Instant proof of insurance upon approval.

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*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.

Deductibles and Retentions

• $0 retention/deductible for claims arising from life, health, accident, disability insurance, and fixed and indexed annuities
• $5,000 retention/deductible for all other covered claims (e.g. variable products and mutual funds)
• $5,000 for Privacy Events - sub-limits apply. See policy for more details.

Underwriter

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.

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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 © 2025 CNA. All rights reserved.
www.cna.com
CNA is an A.M. Best "A" (Excellent) XV rated carrier.

• This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.

Disclosures

All policy documents are delivered in electronic format by default.

• All policy related documents and communications are delivered in electronic format where allowable by law.
• By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Professional Agents Risk Purchasing Group, Inc. ("PARPG"). PARPG is a Delaware 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 PARPG is covered for separate limits of liability and is required to pay all premiums when due.
• For complete details on covered professional services and exclusions, please refer to the policy form.

Program Administrator

This E&O Insurance program is administered by NAPA. Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.

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 additional information.

Coverage Limits

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

Pricing Information

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 of each month.

• Pricing includes $60.00 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.
• At the time of enrollment, each agent will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees, NAPA dues, and minimum earned premium are non-refundable.

Program Features

This is a claims made and reported policy and provides coverage for claims that arise from the sale and servicing of self-funded group health plans if they are funded in whole or in part by an insurance company or product and claim losses are not resultant of any employer’s, insurer’s, or any other entities insolvency or inability to pay beneficiary claims made under such plans. Multiple employer trust or welfare arrangements (MEWAs) are not covered.

Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period. Claims must be reported during the policy period; or, during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.

• Medicare Only Option: Includes coverage for Medicare Advantage, Medicare Supplemental and Final Expense products only.

  • Coverage under this plan option (including prior acts) will be limited to acts as a licensed Life and/or Health insurance agent selling Medicare Advantage, Medicare Supplemental, and Final Expense Only. Sale and Servicing of any other products will not be covered, even if you had coverage for other products on a previous E&O policy.

• Instant proof of insurance upon approval.

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*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.

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

Deductibles and Retentions

• $0 for Medicare Product Claims

Underwriter

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.

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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 © 2025 CNA. All rights reserved.
www.cna.com
CNA is an A.M. Best "A" (Excellent) XV rated carrier.

• This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.

Disclosures

All policy documents are delivered in electronic format by default.

You can manage your renewal notice delivery options by visiting "My Account" menu option at the top of the page. Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions. A.M. Best rating and other disclosures.

• All policy related documents and communications are delivered in electronic format where allowable by law.
• By enrolling in this insurance policy, the applicant agrees to become a non-voting member of Professional Agents Risk Purchasing Group, Inc. ("PARPG"). PARPG is a Delaware 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 PARPG is covered for separate limits of liability and is required to pay all premiums when due.
• For complete details on covered professional services and exclusions, please refer to the policy form.

Program Administrator

This E&O Insurance program is administered by NAPA. Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.

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 additional information.