Professional Liability/Insurance Agents Insurance
Covers any claims alleging negligent acts, errors or omissions due to failure to place or provide coverage, failure to provide adequate coverage, failure to renew coverage, misrepresentation of coverage, failure to remit premiums or improperly handling binders.
The policy does not cover fraud, claims seeking bodily injury/property damage, claims involving the insolvency or failure to pay of an insurance company and claims due to the commingling of funds (premiums, taxes, commissions or fees).
Provides "Personal Injury" (libel, slander, etc.) protection
Provides toll-free claims telephone "hotline", in addition to a quarterly newsletter on errors and omissions trends and developments
May endorse for one-year discovery option where authorized
Duty to defend alleged Wrongful Acts even if groundless, available