Liberty Mutual bolsters insurance agents E&O program

Insurer enhances and revises key forms and endorsements

Liberty Mutual bolsters insurance agents E&O program

Professional Risks

By Lyle Adriano

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.

 

 

Keep up with the latest news and events

Join our mailing list, it’s free!