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Vol. 1 No. 2, February 2004
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Distressed About Insurance Agents E&O?
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Darwin offers professional liability coverage for wholesalers, surplus lines brokers, MGAs/MGUs, reinsurance intermediaries, and insurance agents. “Distressed.” “Complex.” “Non-standard.” We underwrite all types.
Darwin looks at individual account exposures to understand the true nature of the risk—not the “market classification” of the risk. Darwin can certainly underwrite an account without a history of claims. But, a scratch here or a dent there isn’t going to cause us to automatically turn away a good account.
With up to $5 million in capacity, Darwin offers both primary and excess coverage for firms that generate $5 million or more in gross written premium annually.
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Nicole Haggerty, Darwin’s lead E&O underwriter for this segment, has more than twelve years’ experience in the industry. The majority of her career has been on the underwriting side of the business, where she has held senior underwriting and product development positions. Nicole has earned the Registered Professional Liability Underwriter (RPLU) designation.
To discuss insurance agents and related account opportunities, please contact Nicole Haggerty at nhaggerty@darwinpro.com or 860-507-1108, or Joe Labieniec at jlabieniec@darwinpro.com or 860-507-1021.
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Target Segments
Darwin’s insurance agents E&O coverage is geared towards “non-standard” accounts in the following segments:
• Wholesalers
• Surplus lines brokers
• MGAs/MGUs
• Reinsurance intermediaries
• Personal and commercial lines agents
In each target segment, Darwin can underwrite distressed and difficult-to-place risks with a history of claims.
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Coverage Highlights
• Broad definition of Insured
• Broad definition of Claim
• Provides $25,000 in defense costs for responding to or defending investigations, complaints, or proceedings brought by federal, state, or municipal regulatory agencies or departments of insurance
• Full prior acts coverage available
• In some cases, detailed, pre-bind operational loss control audits are conducted to maximize coverage for distressed and difficult-to-place accounts
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Forms
Application (e1010, 5/2003)
Application, TPA Supplemental (e1010 TPA, 5/2003)
Application, MGA Supplemental (e1010 MGA, 5/2003)
Application, Claims Supplemental (e1010 Supp, 5/2003)
Policy Specimen (E1000, 12/2003)
Excess Policy Specimen (E2000, 5/2003)
Please note: Darwin can quote from most competitors’ applications. However, for primary coverage we require a completed, signed Darwin application prior to binding a policy. Adobe® Reader® is required to view these forms.
Submissions
Submissions may be emailed to submissions@darwinpro.com or faxed to 860-507-1200.
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LEGAL NOTICE: Darwin Professional Underwriters, Inc. (Darwin) recognizes that electronic and Internet communications are an important element in transacting business and strengthening business relationships with our producers, partners, and policyholders. The “CAN-SPAM Act of 2003” requires, among other things, that commercial electronic mail messages, the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, comply with certain requirements. The requirements include identifying these messages as solicitations and giving the recipient the opportunity to “unsubscribe.”
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Darwin uses electronic communications for various purposes, including educational, transactional, informational, and promotional, and to facilitate or solicit business. Until the “primary purpose” language of the “CAN-SPAM Act of 2003” is clarified, Darwin is taking a conservative view and advising that all our email and electronic communications could be viewed as an advertisement or solicitation. If you wish to unsubscribe, please follow the unsubscribe links provided in this message.
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:: Copyright 2003-2004, Darwin Professional Underwriters, Inc. ::
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