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Policy Highlights
Contact:
John Ajello (301) 951-9755
John.L.Ajello@Schinnerer.com
Limits: Up to $2 million per claim / $2 million aggregate
Minimum Deductible: $2,500 per claim / $7,500 aggregate
Availability: Available in CT, IL, IN, MA, MD, MI, MO, NJ, NY (non-admitted), OH, PA, and TN. Approval is pending in VA.
Target Risks: Small to mid-size property and casualty agents and brokers, with up to $25 million annual premium volume and up to 35% premium in specialty lines.
Program Features
- Carrier rated A++ by A.M. Best and AAA by Standard & Poor's
- Coverage on an admitted basis
- Claims-made and reported on a coverage form
- Worldwide coverage for suits brought in the U.S. and Canada
- Duty to defend clause
- Claims handling by errors and omissions specialists
- Prior acts coverage available for qualified risks
- Coverage for employees while acting within their scope of duties
- Includes coverage for exclusive independent contractors while acting within the scope of
duties for the insured. Independent brokers working for both the insured and the other
agencies are not covered under the policy.
- Coverage for carrier insolvency if rated B+ or better at time of placement for qualified risks
- Optional coverages include defense costs in addition to the limits of liability and for the sale of mutual funds (for qualified risks)
Policy Highlights in a printer-friendly format.
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