 Allianz Program Overview
With more than 25 years of experience, Allianz is an industry leader in providing E&O liability coverage for agents and brokers - one of the biggest issues they face in an increasingly complex world. The company is one of the largest writers of agents E&O coverage in the country.
Coverage Highlights and Benefits:
Rated A+ by A.M. Best
Claims made coverage with full prior acts
Coverage for sale of both Property/Casualty and Life/Health insurance products
Insolvency coverage for all carriers with B+ or better A.M. Best rating
Limits of liability up to $5M/$5M or $3M/$6M
Broad coverage tailored to insurance agencies
Broad denition of who is an insured, including spousal liability
Aggregate deductibles
Defense costs outside the limits
$50,000 first party personal data compromise breach response for the accidental loss of client data, with optional higher limits available
*Optional - for additional premium
80/20 Consent to settle clause
Full prior acts available
Deductible waived if insured is claims free with Allianz for five or more years
Catastrophe - $25,000/$50,000 per catastrophe/per policy period
Regulatory investigation - $60,000 per policy period
True worldwide coverage
10% (Some states offer 15%) Premium credit for two years for attending an approved loss control class
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