Carrier

Non-admitted "A" (XV) rated by A.M. Best Company

States

AK, AL, AR, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY

Product Info

Target Market:

Property and casualty insurance agencies with annual revenue up to $25 million

Eligible agencies include:

• Retailers
• Wholesalers
• MGA’s
• Specialist and hard to place firms

Highlights:

• Primary and Excess coverage available
• Claims made and reported policy
• Company has right and duty to defend
• Personal injury coverage
• Punitive Damages coverage
• Mediation provision reduces retention
• Defense Cost for Disciplinary proceedings up to $10,000
• Supplemental Limit of Liability for expense reimbursement of $250 per day with a $5,000 aggregate limit
• Predecessor firm coverage
• A- insolvency coverage
• Automatic 60-day Extended Reporting Period

Limits of Liability:

$5 million each claim/$5 million aggregate

Minimum Premium:

$5,000

Minimum Retention:

$5,000 each claim

Required Underwriting:

• Completed Arrowhead Professional Liability E&O application
• Applicable supplementary applications, i.e.:

• Subsidiary coverage
• Mergers and Acquisitions
• Professional Employer Organizations
• Managing General Agency Exposure
• Mutual Funds/Financial Products
• Claim Information

Classes Not Available:

• Life Insurance Agencies 
• Captive Agencies
• Broker Dealer Firms
• Financial Planning/Advising Firms
• Investment Advisory Firms

Contact