Insurance Agents E&O

Berkley Service Professionals offer errors & omissions (E&O) insurance for insurance service professionals.

Coverage is available for firms with $2 million or more in revenue.

Coverage Available

  • Limits of Liability up to $10 million
  • No Insolvency Exclusion
  • Contingent Bodily Injury and Property Damage Coverage
  • Punitive Damages Coverage
  • Broad Definition of Professional Services including Mutual Funds Coverage
  • Broad Media, Personal Injury and Third Party Cyber Liability Coverage
  • Independent Contractor and Retired Employee Consultant Coverage
  • Mediation Deductible Credit
  • Notice of Claim to Executive Officer
  • Up to 25% Automatic Subsidiary Coverage threshold for newly-acquired entities
  • Up to 80/20 Settlement Clause
  • Cancellation Only for Non-Payment, Fraud, Material Misrepresentation or Changes in Law
  • 60-Day Automatic Extended Reporting Period and Post-Policy Notice of Claim Reporting
  • Multi-Year Bilateral Extended Reporting Period

Additional Coverage Options

  • First Dollar Defense
  • Additional Defense Limits of Liability
  • Aggregate Deductible
  • Choice of Defense Counsel with Berkley SP consent
  • Catastrophe Expense Reimbursement Supplementary Payment Coverage
  • Stand Alone Extended Reporting Periods

Target Markets

  • Retail and wholesale insurance agents and brokers
  • MGA’s, MGU’s and program administrators
  • Third party claims and health benefits administrators
  • Claim adjusters
  • Human resource, loss control and risk management consultants
  • Reinsurance brokers / Intermediaries
  • Payroll services / PEO’s

The coverage features are provided solely for descriptive purposes, do not provide a complete description of coverages, and do not in any way alter the terms and conditions of the insurance policy. These coverage features may not be available to all policyholders and may not be available in all states or jurisdictions. Consult your insurance policy for specific coverage terms, conditions, limits, limitations and exclusions.

Products and services described above are provided through various surplus lines insurance company subsidiaries of W. R. Berkley Corporation and offered through licensed surplus lines brokers. Not all products and services may be available in all jurisdictions, and the coverage provided by any insurer is subject to the actual terms and conditions of the policies issued. Surplus lines insurance carriers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

Berkley Service Professionals conducts business as Berkley Managers Insurance Services, LLC in California as a surplus lines broker. CA License #0H05115