Insurance Agents E&O - Alexander J. Wayne & Associates, Inc.

► Insurance Agents E&O

It is estimated that one out of every five agents has an error or omission, “incident,” every single year, and one out of eight agents actually has a claim. A staggering 22% of agents had claims in the last five years!!! Insurance Agents NEED Professional Liability coverage to protect their agency as well as their personal assets. In addition, proof of insurance agents E&O coverage is a requirement for an appointment with an insurance carrier.

At Alexander J. Wayne & Associates we can find the most comprehensive coverages at the most competitive prices available. We have access to most of the companies that offer professional liability to insurance agents. Our markets write standard agents, agents with claims activity, or specialty agents. Potential program features include:

• Duty to defend	• Low minimum premiums
• Defense costs in addition to the limits of liability	• Prior acts coverage to match expiring
• First dollar defense coverage	• Coverage for personal injury
• Coverage for independent contractors	• Insolvency coverage carve backs
• Broad definition of covered services	• Excess options
• Coverage for MGAs, TPAs, Reinsurance Intermediaries, Claims Adjustors, Insurance Inspectors, Premium Finance Companies
• All our carriers are rated A- or better by A.M. Best

Because we have a large book of insurance agents E&O, we have excellent relationships with our markets. As your advocate, we can often negotiate better terms with the insurance carriers and offer superior coverage options.

For more information, please do not hesitate to call one of our experienced staff members.

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“Serving Your Specialty Risk Needs Since 1989”

2551 North Clark Street, Suite 601, Chicago, Illinois 60614 Phone (773) 328-0500 Facsimile (773) 328-0508