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Agency Coverage |
| Serving the needs of insurance agencies and others engaged in insurance and related financial services is
NAIFA's mission. The NAIFA-endorsed Professional Liability (E&O) Program is designed to meet your unique
needs. Coverage is underwritten by New Hampshire Insurance Company, a member of American Insurance Group,
Inc. (AIG), the world’s leading international insurance and financial services organization, with
operations in more than 130 countries and jurisdictions. The NAIFA-endorsed Professional Liability Insurance Program is only available to NAIFA members. If you are not a NAIFA member, learn about NAIFA.
24-hour protection against claims arising from negligent acts, errors and omissions in the conduct of your business. Choice of Limits Limits include both a per claim limit and a higher annual aggregate limit.
Choice of Deductibles
Your complete legal defense is paid in addition to the limits of liability you choose, for all covered claims. Regardless of whether you win or lose or even if the claim or suit is found groundless, false or fraudulent, your legal defense will be paid, subject to the "consent to settle" provisions of the policy. In certain circumstances, you may be offered coverage which applies the deductible to defense costs. Protection for Carrier Insolvency As long as the products you sell are fully insured by an admitted carrier and rated A- or better by A. M. Best at the time of placement, you're protected against legal liability as a result of future insolvency of that carrier. Wrap-Around Coverage The policy can provide coverage around your existing errors and omission coverage. Your present program may provide coverage for certain products. The NAIFA-endorsed program can 'wrap' around the existing coverage to provide coverage for activities not covered under the existing E&O policy. (This is subject to underwriting approval.) Protection Against Personal Injury Lawsuits Protects you against personal injury lawsuits resulting from slander, libel, invasion of privacy or false arrest while performing professional services as a life insurance agent or broker. Coverage for Your Agency Coverage for your Agency would extend to owners, principals, partners, employees, sub-agents (only for the business written through your agency which is insured under the policy), even part-time and temporary clerical employees at no additional premium. Coverage is also available for non-employee producers writing business through your agency. NEW enhancements to the Program:
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