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.
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance From This Issue
