LAKEWOOD RANCH, FL / ACCESSWIRE / November 7, 2023 / NAPA, the National Association of Professional Agents, announces program enhancements to property and casualty (P&C) and life and health (L&H) errors and omissions (E&O) insurance programs for agents and agencies. These changes are designed to ease the E&O insurance process while meeting the needs of high-performing agents and their agencies.
Effective Oct. 1, these E&O insurance programs for agents and agencies will increase revenue caps from $500,000 to $1 million, ensuring high earners have the protection they deserve. Additionally, insureds can now use automatic renewal for these policy lines. Continuous coverage benefits agents and agencies of every size, closing protection gaps that can leave them vulnerable to claims. Together, these updates offer ease of use for current customers and seamless policy support for new clients. These program changes apply to P&C coverage for agents and agencies, L&H for agencies and bundled L&H with P&C for agents.
The program's underwriter, National Casualty Company, is an admitted carrier rated "A+" (Superior) XV by AM Best. National Casualty Company is part of Nationwide E&S/Specialty, a Nationwide Mutual Insurance Company subsidiary.
"NAPA members enjoy the security of working with an industry-leading professional liability carrier, plus have access to a variety of different member benefits, savings and value-added programs designed to help our members succeed in all areas of their lives," said Jason Rogers, NAPA Area President. "Our free continuing education (CE) voucher program is an extremely popular member benefit that covers state-required CE courses. From a service perspective, no one does it better, and our licensed customer care staff are always ready to provide our members with outstanding service and support."
For complete details regarding the expanded coverage, pricing and information on NAPA member benefits, please call 800.593.7657 or visit napa-benefits.org.
NAPA Benefits
NAPA, the National Association of Professional Agents, provides insurance agents, agencies, registered investment advisors (RIAs) and financial planners access to benefits and services tailored to the unique needs of insurance and financial professionals, including Errors and Omissions Programs, Cyber and Data Breach Insurance, Health Insurance, Life Insurance, Members Discounts and more.
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The information contained herein is offered as insurance Industry insight and provided as an overview of current market risks and available coverages and is intended for discussion purposes only. This publication is not intended to offer legal advice or client specific risk management advice. Any description of insurance coverages is not meant to interpret specific coverages that your company may already have in place or that may be generally available. General insurance descriptions contained herein do not include complete Insurance policy definitions, terms and/or conditions, and should not be relied on for coverage interpretation. Actual insurance policies must always be consulted for full coverage details and analysis. Insurance brokerage and related services to be provided by Gallagher Affinity Insurance Services, Inc. (License No. 100310679 | CA License No. 0783129).
Media Contact:
Sherrie Wehner
NAPA
314.578.2230
[email protected]
SOURCE: National Association of Professional Agents (NAPA)