 Penn National Commercial Umbrella

The Penn National Umbrella programs is written by agents for agents and offers our members a comprehensive commercial umbrella that includes coverage over E&O policies from a variety of carriers. 

This program provides the following features and benefits: 

• Commercial Umbrella coverage built to automatically include Agents/Brokers E&O
• Marketed exclusively through producer associations
• Designed to accept agents and brokers with a broad range of producer activities
• Competitive pricing 
• Up to $20M limits available 
• Coverage for Agents/Brokers built to follow form over standard primary E&O policy coverages
• Minimum primary coverage required GL/BOP and Agents/Brokers E&O
• Coverage can include excess Employers Liability (except NY), excess Employee Benefits Liability & Mutual Fund or Variable Annuities coverage
• Options to include up to $5M Personal Umbrella limits for entity principals (except TX and WI) and up to $2M excess EPLI limits

Penn National Underwriting Requirements: 

• Agency should be in business for more than three years. If less than three years, a resume of each partner, owner, and officer should be provided, and agency is not eligible for staff rating
• The program does not drop down and provide coverage excess of sub-limits, unless specifically scheduled
• Umbrella coverage does not extend to Fiduciary Liability, Directors and Officers Financial Investment Securities or Cyber Liability
• Higher limits are required if defense is within the limits