Lee & Mason Financial Services, Inc. has increased its limits for insurance agents’ errors and omissions coverage from $5 million to $10 million.
Insurance agents E&O coverage, with limits of up to $10 million, is available on either a primary or an excess basis, and minimum premiums generally start around $4,000 ($7,500 in Calif. and Texas). Coverage is available on an admitted basis in most states.
Lee & Mason partners with Freedom Specialty Insurance Co. for its agents E&O programs. Freedom Specialty is an A+XV rated New York-based specialty liability insurer. Lee & Mason operates as a full-service program administrator, handling underwriting, quoting and binding, policy issuance, premium collection and claim reporting.
Was this article valuable?
Here are more articles you may enjoy.
Underwriter, Actuary Fears of AI Drop; Work Needed on Collaboration 
Court Ruling Could Help Shed Light on Owners of Litigation Funders, Medical Clinics 
Former CEO of Nonprofit P/C Statistical Agent Sentenced for Stealing Millions 
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir 
