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For questions regarding the E&O Program, please contact us.

For more information please see a copy of the E&O policy

For a copy of your Certificate of Insurance, please submit your request here: Certificate Request

Errors & Omissions Insurance Coverage Highlights

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Error & Omissions Insurance Coverage Highlights for Participating Agents and Registered Representatives of the Independent Agent Program.

Policy Period: 10/01/2023 to 10/01/2024

Insurer Markel American Insurance Company (a/an Admitted carrier rated A XV by A.M. Best.)   
Policy Limits

(Applicable to Defense Costs & Damages)

Options available are:

$1,000,000 per Wrongful Act and Agent Aggregate

$1,000 Retention (deductible)


$2,000,000 per Wrongful Act and Agent Aggregate

$2,500 Retention (deductible)


$3,000,000 per Wrongful Act and Agent aggregate

$2,500 Retention (deductible)           

$15,000,000 Policy Aggregate Limit

Policy Aggregate will increase with enrollment

$100,000 Named Insured Per Wrongful Act Limit / $500,000 Master 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.

 Data Breach Coverage The carrier will pay for “data breach expenses” that you incur as a result of a “data breach” of “personally identifiable information”, subject to the limit of insurance, if the following conditions are met:
  1. The “data breach” occurs after the “retroactive date” and before the end of the policy period;
  2. The insured first becomes aware of the “data breach” during the policy period;
  3. At the time you applied for this insurance you had no knowledge of the “data breach”.
  4. The “data breach” is reported to the carrier as soon as practicable, but in no event later than 30 days after it is first discovered by the insured.
  5. The “data breach” must involve “personally identifiable information” that was held by you or on your behalf in the United States, Puerto Rico and Canada.
Social Engineering Coverage

The Insurer shall pay, on behalf of an Agent, Damages which an Agent becomes legally obligated to pay because of a Social Engineering Claim that is both made against an Agent and reported to the Insurer in writing during the Certificate Period, or as allowed by Section X – Notice Of Claim below, or during an Extended Reporting Period, if applicable, for a Wrongful Act or Interrelated Wrongful Act committed solely in the rendering of or failing to render Professional Services by an Agent, provided:

  1. Such Wrongful Act or any Interrelated Wrongful Act occurred on or after the Retroactive Date and before the end of the Certificate Period; and
  2. As of the inception date of this Policy as shown in the Master Policy Declarations, or the effective date of the Agent’s enrollment for coverage hereunder as shown in the Certificate Of Insurance, no Insured had knowledge or reasonable basis upon which to anticipate that the Wrongful Act or any Interrelated Wrongful Act could result in a Social Engineering Claim.

For more information see the E&O FAQs

For questions regarding the E&O Program, please contact:

Richard Huynh 949-349-9855 or Email:
Suzie Wittmann 949-349-9822 or Email:

To request a Certificate of Insurance please go to: Certificate Request

Arthur J. Gallagher Risk Management Services, LLC
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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