RPS Signature Programs' Insurance Agents Professional Liability insurance program covers small to mid-size insurance agencies, wholesalers and managing general agents (MGA). The program is available nationwide, non-admitted.

Insurance Agents & Brokers Professional Liability Coverage Highlights

  • Broad definition of covered professional services
  • Automatic 60-day extended reporting period
  • Optional extended reporting period
  • Claims expenses paid in addition to the limit of liability available
  • Deductible is not applied to claims expenses available(first-dollar defense)
  • Deductible is aggregated at twice the per-claim dollar amount
  • Supplementary payments in addition to limit with no deductible
    • Costs of disciplinary proceedings: $50,000
    • Pre-claim assistance: $10,000
    • Loss of earnings: $500 per day with a $50,000 aggregate
  • Insolvency exclusion carve-back for "B+" or better A.M. Best rating (or "A" Demotech rating) at the time of placement, or guaranteed or operated by governmental body
  • Full contractual liability for liability assumed under standard agency or broker agreement
  • Includes personal injury coverage
  • Punitive and exemplary damages covered (where permitted by law)
  • Spousal/domestic partner coverage
  • Breach mitigation $25,000 automatically included(first party) with options for higher limits of coverage with third-party exposure
  • Independent contractors are automatically covered(for services on behalf of the named insured)
  • Loyalty discount — 50% reduction in cost of extended reporting period (if with the company four or more consecutive years)
  • Innocent insured carve-out and final adjudication
  • Language for the conduct exclusion
  • Concealment coverage
  • Bodily injury and property damage exclusion carve-out for performance of professional services
  • Relaxed consent to settle clause 80/20
  • Carve-out for professional services rendered to another insured
  • Automatic coverage for qualifying new subsidiaries

Insurance Agents & Brokers Professional Liability Coverage Limits

  • $1,000,000 to $5,000,000

Professional Liability Insurance Designed for Insurance Agents & Brokers

  • Agencies with $300,000 to $15,000,000 in revenue

How the Insurance Agents & Brokers Professional Liability Program Can Help Your Clients

RPS Signature Programs' team of industry experts can take on the most complex client needs with our exclusive programs offering specialized coverage for niche risks, including the unique professional liability insurance needs of agents, brokers, wholesalers, retailers, general agents, underwriting managers, surplus lines agents, life and health agents/brokers and more

Meet Our Insurance Agents & Brokers Insurance Team

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