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Insurance Brokers Errors & Omissions Product
Beacon Underwriting Ltd. is pleased to offer an Insurance Brokers' Errors & Omissions Product.The coverage is underwritten by Lloyds of London, via a wholly owned syndicate of Navigators Insurance Company (www.navg.com). The managers have over 17 years experience in this class and have developed a program that, in addition to competitive pricing and broad coverage, has several great features, including: * Claims made policy / Full prior acts * First dollar defence / Worldwide territorial Coverage * Insured services extended to provide coverage for Insurance Consultants, MGAs and TPAs * Defence costs in addition to the limits of liability * Employment Practices Liability defence costs extension - $25,000 defence costs payable for EPL claims (for qualifying firms) * Outside Directorship Liability defence costs extension - $25,000 defence costs payable for ODL claims (for qualifying firms) * Fraudulent Acts endorsement included for the Life/Mutual Fund Agents * Life Operations (full policy E&O limits for entity – sub limits of $1,000,000/$2,000,000 for Independent Agents) * Broker Shield Program – an effective Loss Management tool – available at no additional cost with this program ($2,000 value) * Five percent (5%) premium discount at next renewal upon successful completion of Broker Shield Program * Premium financing options available / Availability of policy documents within 30 days of binding Through the program managers, Beacon Underwriting can deliver to you experienced, knowledgeable advice and proficient service. This program has received an extremely positive response from brokers to date and we are confident you will also recognize its benefits. |
