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.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Experian Launches Insurance Marketplace App on ChatGPT 
Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley 
Florida Regulators Crack the Whip on Auto Warranty Firm, Fake Certificates of Insurance 
