Nuts & Bolts: E.L.M. Insurance Brokers announced a new errors & omissions program for agents. Managing general agents and wholesalers are also acceptable in the program. New agents/agencies will be considered subject to experience requirements and agencies with lapsed coverage will be subject to underwriters’ approval. Prior acts coverage is available. A fully completed application with complete loss information is required to obtain terms.
Dollars: Limits will go up to $5 million and premiums start at $2,500. Deductibles start at $1,000 for certain agencies.
Carrier: Rated “A-.” Non-admitted program, written on a claims-made basis.
States Available: California, Oregon, Nevada, Arizona, New Mexico, Colorado, Utah, Idaho, Kansas, Wyoming.
Contact: Fred Fisher, (310) 665-1106
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
Viewpoint: The Danger of Relying on the Insurance of Others 
Ship Owner Seeks Dismissal of Economic Loss Claims From Baltimore Bridge Collapse 
Wall Street Is Gaining Access to New Catastrophe Models to Help Predict Wars From This Issue
