The Lighthouse Companies has introduced ProGold, a new professional liability and employment practices liability policy for privately-owned insurance agencies with revenues from $1 million to $15 million.
Launched in partnership with Gold Seal Risk Management Limited, ProGold combines professional liability and employment practices coverage with risk management, audit and compliance services.
Coverage for ProGold is offered through an A.M. Best “A” rated carrier, with limits up to $5 million and excess limits available up to $20 million, including EPLI. It is available to agency employees, including agents, brokers, consultants, teachers, risk managers, loss control engineers, safety inspectors, notaries and registered representatives for mutual funds.
“ProGold is ideal for large regional brokers and agents that have effective employee training programs and fiduciary trust guidelines, and that are looking for stable costs and growth in their bottom line,” said Art Seifert, president and CEO of The Lighthouse Companies.
In addition to eligibility and underwriting approval from Lighthouse, qualifying agents and brokers must pass a Gold Seal Phone Audit.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
Florida AG Says His Office Investigating ‘Anti-Public Adjuster’ Endorsements in Policies 
Reuters: DXC in Advanced Talks to Sell Insurance Software Unit for $2.4 Billion 
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment 
EU Cyber Agency Warns Websites May Go Dark as PHP Prepares Critical Fix 
