For questions regarding the E&O Program, please contact
For more information please see a copy of the E&O policy
< Back to Errors & Omissions Indication
Error & Omissions Insurance Coverage Highlights for Participating Agents and
Registered Representatives of the Independent Agent Program.
$15,000,000 Policy Aggregate Limit
Policy Aggregate will increase with enrollment
$500,000 Limit Each Wrongful Act / $1,000,000 Policy Aggregate Limit for any claim where premium financing is a component
$25,000 sub-limit for Data Breach coverage
$5,000 sub-limit for Legal and Forensic Services related to a "data breach"
$5,000 sub-limit for Good Faith Advertising Services relating to a "data breach"
sub-limit of insurance shall be part of, and not in addition to the Policy aggregate
I. Coverage is on 'Claims Made & Reported' basis, which covers claims first presented to an Insured Agent/Rep and reported to the Insurer during the policy period.
II. Coverage extends to an Insured Agent/Rep business entity but only with respect to those operations of the business entity related to the covered Professional Services provided by an Insured Agent/Rep.
III. Coverage extends to licensed & unlicensed administrative staff for their activities in support of an Insured Agent/Rep, as long as they work solely in that capacity and do not produce or sell insurance.
IV. Coverage for Prior Acts is provided back to the date the Insured Agent/Rep maintained continuous Errors & Omissions insurance coverage. However, the policy excludes any claim arising out of any Wrongful Act occurring prior to the inception date of the policy if the Insured knew or could have foreseen that such an act might be the basis of a claim or suit. Evidence of continuous Errors & Omissions insurance is required at the time an actual claim or incident is reported.
V. Coverage extends to the sale and/or servicing of individual and group Life, Accident & Health, Disability, Long Term Care Insurance, Employee Benefits Plans and Individual and Group Retirement Plans. Options are available to include coverage for Variable Products and Mutual Funds.
For more information see the E&O FAQs
For questions regarding the E&O Program, please contact:
Traci Stevenson 949-349-9855 or Email: Traci_Stevenson@ajg.com
To request a Certificate of Insurance please go to: Certificate Request
Arthur J. Gallagher & Co. Insurance Brokers of California
18201 Von Karman Ave, Suite 200 Irvine, CA 92612 (800) 532-0327
This outline provides general information on your Errors and Omissions Insurance
Program. It is not intended to interpret the terms of the policy or to be legal
advice, but rather summarizes our understanding of the coverage provided. It is
not a part of the policy, nor does it modify or serve as a conclusive statement
of its terms.
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