General Star offers E&O coverage to small to mid-sized P&C insurance agencies with an established business model and operational stability with a favorable loss history. At least 60% of premium volume and revenue must be derived from the sale of property & casualty products on a commission basis.*

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Coverage is provided both on an admitted basis and non-admitted status through General Star National Insurance Company or General Star Indemnity Company.

Coverage Offered

• Claims-made and reported policy form
• Company has right and duty to defend claims
• Consent to settle provision
• Coverage for exclusive independent contractors
• Claim expenses within or outside the limits of liability
• Supplementary payments provided for expenses resulting from the investigation or defense of a proceeding before state licensing boards or other regulatory bodies
• Coverage for carrier insolvency (subject to underwriting criteria)
• Predecessors and successors in business provisions
• Worldwide coverage provided for claims/suits brought and maintained in the U.S. or Canada

Ineligible Exposures:

• Applicants with greater than 50 agents or greater than $25,000,000 premium volume
• Applicants with greater than 35% of premium volume derived from placing business as a wholesaler or surplus lines broker
• Applicants with greater than 35% of premium volume derived from surplus lines placements or specialty lines products
• Agency owners seeking coverage solely as individuals or as independent contractors
• Investment advisors or financial planning consultants
• Professionals who exercise discretionary authority over client funds
• Reinsurance brokers, TPAs, MGAs/MGUs, claim administrators, or national wholesale brokers
• Professionals who provide accounting services, tax preparation or legal services
• Professionals with any revenue generated from outside the United States

For more information contact: www.schinnerer.com

*The Insurance Agents and Brokers E&O program is approved in Illinois, Indiana, Maryland, Massachusetts, Michigan, Missouri, New Jersey, Ohio, Pennsylvania and Tennessee. Approval is pending in Connecticut, New York and Virginia.