NAIFA-Endorsed Professional Liability Insurance Program
Errors
&
Omissions
Insurance
Why Should I
Purchase My E&O From
The NAIFA
Professional Liability Insurance Program?
-
It’s
the only Program designed by
NAIFA members for NAIFA members.
-
Designed and implemented
in 1989, it has become the premiere
professional liability insurance
solution for NAIFA Members.
-
It is more than an
insurance policy. It is a Comprehensive
Professional Liability Solution that
includes broad coverage, competitive
price, exemplary claim defense, loss
control seminars, risk management
recommendations and a long term, stable
market.
-
Coverage: Limits
up to $2 million per claim/$2 million
annual aggregate for agents
Limits
up to $5 million per claim/$5 million annual
aggregate for agencies
Deductible: from $1,000
Deductible Reduction
Endorsement offers a 50% reduction to the
deductible if all policy conditions are
satisfied
Retroactive coverage
available
Carrier Insolvency coverage
Punitive damages covered,
where insurable
Regulatory Inquiry and
Subpoena Expenses Endorsement
-
Rates: Competitive,
based on revenue
Loss Control Credit: 10%
Claim Free Credit: 10%
Others Credits based on
individual risk characteristics
· Invoice
renewal process for agents, no renewal
application is needed.
· Premium
payment options
· Free
two hour legal consultation with advice from
a qualified attorney on
a potential claim or circumstance that could lead to a claim.
· The
NAIFA Professional Liability Program
oversight committee identifies
new products and trends in the industry and provides
continuous
recommendation to the insuring company to provide the
necessary
protection for NAIFA members insured in the Program.
The descriptions
contained herein are summaries only. Please
see actual policy for full terms, conditions
and exclusions. All submissions are subject
to underwriting guidelines. Coverage may
not be available in all jurisdictions.
The NAIFA Professional
Liability Insurance Program is administered
by Affinity Insurance Services, Inc., in CA,
MN, and OK, AIS Affinity Insurance Agency,
Inc. (CA Insurance license #0795465) and in
NY, AIS Affinity Insurance Agency.
© 2009 Affinity Insurance Services, Inc.
For information on all available coverage options and features,
and/or how to apply, visit
www.naifainsurance.com
