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Commercial Umbrella

Written by agents for agents!

Key features:

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 in all states other than 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)
Up to $2M excess EPLI limits

Underwriting Requirements:

>> Agency should be in business for more than three years. If less than three years, a résumé 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.