OUR FOCUS
This product provides specialty professional liability coverages to medium and higher hazard industry groups such as those listed below:
- Agent
- Broker
- Surplus Lines Agent/Broker
- Managing General Agent
- Wholesaler
- Risk Manager or Advisor
- Expert Witness
- Notary Public
- Instructor of Insurance Subjects
- Board Member of a Non-Profit Insurance Professional Association
PREFERRED RISKS
- Agents and brokers writing primarily property and casualty coverages with an average gross written premium volume above $3M
- State licensing requirements have been met and are in compliance with all relevant laws and statutes
- Written office policy and procedures manual
- Use of suspense/diary system
- Adequate support staff
- Place business with properly licensed carriers
INELIGIBLE RISKS
- Third party administrators
- Financial planners
- Reinsurance intermediaries
- Agencies that write bonds as a predominant part of their writings
- Risk retention groups or risk purchasing groups
- Risks where insurance sales are mixed with CPAs, lawyers, real estate agents/transactions, and/or financial planners. Risks may qualify with evidence of coverage for outside operations
COVERAGES AVAILABLE
- Claims Made Coverage
- Defense costs in addition to the policy limits
- Acceptable insurance carriers include those rated B+ or higher by A.M. Best
- Independent contractors under written contract
- Personal and advertising injury
- Prior Acts Coverage
PRODUCT FEATURES
- Limit options up to $5M
- Various retention options
- Aggregate retention
- 60 day automatic extended reporting period
- Bilateral extended reporting period options
- Minimum premiums starting at $5,000
DIAMOND STATE GROUP OFFERS
- Localized underwriting expertise
- Dedication to the wholesale producer
- Responsive, service-oriented claims personnel
- All policies written on A.M. Best "A" XI rated paper
* Non-admitted available in those states without admitted filings