Insurance Agents Professional Liability

Description

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

Why RPS Signature Programs

Our team of industry experts can help take on the most complex client needs with our exclusive programs offering specialized coverage for niche risks.

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Availability

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