Insurance Agents E & O Program
AVAILABLE IN: AZ, CA, CO, ID, NV, NM, OR, UT, TX, WA
- Property and Casualty Agents & Brokers
- New Ventures with 3 yrs experience
- Losses OK subject to underwriting
- B+ Insolvency included
- Defense Cost Outside the Limit (up to 1M)
- 1M/1M up to 2M/4M
- $25k Electronic Media included (100k avail)
- Claims risk Management included
- 12/24/36 Extended Reporting Period
- Supplemental Payment & Disciplinary proceedings (10k) incl.
- Additional Insured endorsement available
- $1,000 for qualified applicants
- 100% Life/Health Insurance Agents
- Third Party Administrators
- Over 35% Long Haul Trucking
Contact: Professional Liability Department
949-488-2255 / 800-488-4096 / Fax: 949-488-2259
King Insurance Services provides professionals throughout California and the Western states with a wide variety of Professional Liability products with “A” rated admitted and non-admitted insurers. Our non-admitted markets are equally financially sound and well known for those risks not otherwise insurable by admitted markets.
Professionals face risks that should be evaluated before a claim occurs, rather than after. The need for Professional Liability Insurance often comes down to the risks inherent with each type of practice as well as the circumstances under which Professional Liability claims are likely to occur.
Professional Liability insurance provides protection against claims that the policyholder becomes legally obligated to pay as a result of an error or omission in his professional work. Also known as Errors and Omissions insurance, this type of Professional Liability insurance is critical to your business. Allow us to customize an Errors and Omissions insurance policy for you that is affordable and effective.
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are potential causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.