Liberty Mutual bolsters insurance agents E&O program

Liberty Mutual bolsters insurance agents E&O program | Insurance Business

Liberty Mutual bolsters insurance agents E&O program

Liberty Mutual has enhanced its E&O program for insurance agents, which now features revised key forms and endorsements with simplified policy language.

New coverage provisions include:

  • Pure claims-made form
  • Enhanced reducing and waiver of deductible provisions
  • Increased supplemental payments provision for loss of earnings and regulatory defense
  • Enhanced settlement provision
  • Data compromise included with increased sub-limits
  • Broadened coverage for carrier insolvency

“We’ve made a great product even better,” said Liberty Mutual underwriting manager for national insurance specialty programs Todd Stevenson.

“We’ve broadened key coverages, including a change from claims-made and reported to a pure claims-made policy form, clarified and simplified policy language, and expanded important endorsements. These enhancements are coupled with our experienced claims staff, dedicated claims advice line, 35+ years in the marketplace and competitive pricing.”

The Agents Errors & Omissions program, written on admitted paper, is available nationally except in Alabama, Alaska, the District of Columbia, Florida, Hawaii, Louisiana, Mississippi, New Mexico, New York and West Virginia.

 

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