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.
New York Restaurateur Charged In No-Fault Auto Insurance Fraud Scheme 
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
Depreciation on ACV Is OK, Court Says in Knocking Down Class Action vs. Cincinnati 
Dei Primus Holdings Launches LUCY, a Fully Autonomous Insurance Carrier 
