INSURANCE AGENTS & BROKERS E&O

INSURANCE AGENTS & BROKERS E&O PROGRAM

Vanguard Specialty's Errors & Omissions Insurance Program for Insurance Agents & Brokers is specifically designed to meet the unique needs of insurance agents and brokers and offers market leading coverages for the exposures that insurance agents and brokers face today.

PROGRAM MANAGER - JANELLE TAYLOR

Spearheading this program is Janelle Taylor, an accomplished industry professional with an extensive background in managing Insurance Agents & Brokers (IAB) programs. With her wealth of experience, Ms. Taylor is well-equipped to guide the program to success and cater to the unique needs of insurance professionals.

Submissions for the IAB program should be sent to IAB.submissions@vanguardspecialty.com. 

TARGET MARKET

  • Insurance Agents/Brokers

  • General Agents

  • Wholesalers

  • Surplus Lines Agents

  • Managing General Agents

  • Life & Health Agents

  • Program Managers

  • Restricted Classes: Crop Agents, Long Haul Truckers, or Life & Health (50% or more)

FEATURES

  • General Star, rated “A++” by A.M. Best

  • Claims made policy limits up to $5 million per

    claim/$5 million aggregate

  • Built-In First Dollar Defense and Defense Outside Limit

  • Supplementary Payment

    • Catastrophe Extra Expense up to $25,000/$50,000 with $500 deductible

    • Subpoena Response up to $25,000

    • Regulatory Proceeding up to $100,000

    • Crisis Management up to $20,000

    • Loss of Earnings $1,500 per day/$75,000 aggregate

    • Key Insurance Professional Assistance up to $5,000

    • Pre-Claim Assistance with no sub-limit

    • Supplementary Payments in addition to limit and no deductible (unless specified)

  • Deductible 100% Eliminated if Client Declined Recommended Coverage up to $25,000

  • Deductible Reduced by 50% if Settled by Mediation

  • Relaxed Consent to Settle 80/20

  • Insolvency Exclusion Carve-Back for A.M. Best Rating “B+” or Better (or Demotech “A” Rating), Members of State Guaranty Fund, or State Residual Market

  • Punitive Damages (where available)

  • Automatic Coverage for qualifying new subsidiaries

  • Duty to Defend

This summary is for illustrative purposes only and is not a contract. It is intended to provide a general overview of the coverage afforded. A specimen copy of the entire policy is available upon request. Only the insurance policy and applicable endorsements can give the actual terms, coverages, conditions, limits, and exclusions. Coverage may not be available in all States.