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Insurance Agents & Brokers Professional Liability. Insurance agents and brokers have professional
liability exposure on every account they handle. Adequate coverage continues to be agents' and
brokers' most effective protection against financial loss arising from many hazards attendant
to the sale of insurance. Unfortunately, mistakes aren't necessarily a precondition to a
professional liability claim. Today, it isn't unusual for an agent or broker who has acted
properly to be dragged into costly litigation.
The threat of a lawsuit is always a possibility for any professional, regardless of actual
liability. As the range of professional liability exposures widens, the most common
claims against agents and brokers continue to arise from the standard professional
liability allegations: failure to procure adequate or appropriate coverage, failure
to procure any coverage at all, failure to properly communicate the limitations of
coverage, and clerical error.
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Cooper & McCloskey, the IBA West
Program Administrator, can help you with your insurance agent and broker needs by:
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Tailoring coverage specific to your agency
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Utilizing our extensive knowledge of E&O products
and many years of experience dealing with the California insurance agents
and brokers market
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Defense costs outside the limits of liability
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First-dollar defense
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Duty to defend policy
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Automatic coverage for independent contractors, sub-agents/brokers and
solicitors for claims that arise while performing professional services
for the named insured
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Coverage for personal injury
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No discrimination exclusion
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Full prior acts coverage available
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Optional extended reporting period
for up to three years
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Worldwide protection
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Variety of deductibles
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No insolvency exclusion
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Customized coverages for unique risks
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