Lee & Mason Financial Services, Inc. has increased its limits for insurance agents’ errors and omissions coverage from $5 million to $10 million.
Insurance agents E&O coverage, with limits of up to $10 million, is available on either a primary or an excess basis, and minimum premiums generally start around $4,000 ($7,500 in Calif. and Texas). Coverage is available on an admitted basis in most states.
Lee & Mason partners with Freedom Specialty Insurance Co. for its agents E&O programs. Freedom Specialty is an A+XV rated New York-based specialty liability insurer. Lee & Mason operates as a full-service program administrator, handling underwriting, quoting and binding, policy issuance, premium collection and claim reporting.
Source:
Was this article valuable?
Here are more articles you may enjoy.
Ex-CEO, Ex-CFO of Bankrupt AI Company Charged With Fraud 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
