EBRM has launched a new BCS errors & omissions policy available only to authorized agents of EBRM, a general agency of Blue Cross and Blue Shield of Illinois. The policy is a guaranteed issue insurance plan that features group discounted premiums with two coverage options: individual and agency. Among the plan features is first dollar defense costs and prior acts coverage back to first date of continuous E&O coverage.
This errors & missions plan, offered to any EBRM broker with a valid BCBS contract, has a $1,000 deductible on BCBS product-related claims for damages only, and a $2,500 deductible for non-BCBS claims for damages only.Prices start at $39.17 per month.
E&O coverage is provided for the sales and servicing of life, accident and health, disability income products as well as mutual funds, variable products, universal life, annuities and section 125, employee benefits plan and self-funding managed health care organizations. For individual policies, coverage extends to administrative, clerical and support personnel while they are acting on your behalf.
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