Insurance Agent Professional Liability
Offered by RPS Signature Programs
Agents Insurance Agents & Brokers Mid-Sized Businesses Wholesale MGADescription
RPS Signature Programs’ product for Insurance Agents and Brokers covers mid-size to larger insurance agencies, wholesalers and managing general agents (MGA).
Coverages
· Claims-made or claims-made and reported
· Defense outside of the limits
· First dollar deductible
· Deductible aggregated to three times per loss
· Deductible reduction credits (settlement without litigation)
· Contractual liability included for broker/agent agreements
· Insolvency B+/demotech/government backed or operated
· Punitive damages (if insurable by law)
· Broad personal injury coverage
· Spouse/domestic partner
· Final adjudication language (conduct exclusion)
· Modified hammer (up to 80/20)
· Automatic independent contractor (on behalf of insured)
· Loyalty discounts
· Choice of counsel
· First party security privacy breach ($25,000 to $250,000)
· Broad definition of professional services
· Additional expense/loss of earnings outside limits
· ERP options up to 5 years
· Blanket predecessor coverage
· Available nationwide, coverage is admitted and non-admitted depending on the state and is NJ/FTZ admitted for all programs.
Target
· Agencies with $300,000 to $15,000,000 in revenue
Limits
· 1,000,000 to $5,000,000
Listing Contacts
Adrienne Woodhull
+1 more contactOffered By
Availability 44 states
Covered
Not Covered
