Great American Unit Adds Small Accounts E&O Coverage

Cincinnati, Ohio-based Great American Insurance Company’s Executive Liability Division (ELD) has added professional liability coverage for small accounts.

The company introduced as part of its ExecPro suite of management liability products the ExecPro Professional Liability Solution, designed to address a variety of errors and omissions exposures for small organizations.

Policy features include:

• Punitive Damages Coverage
• Softened Settlements Clause
• Independent Contractor Coverage
• Vicarious Liability Coverage
• Aggregate Limits Available up to $3 Million
• $0 Retention Available for Select Accounts

No financial statements required for submissions, just revenues. Great American Insurance Company has been rated “A” (Excellent) by A.M. Best Company for more than 100 years. The ELD is targeting accounts with premiums under $10,000 in more than 30 classes of business in all 50 states.

Source: Great American Insurance Group, www.GreatAmericanELD.com