Darwin : Insurance Agents E&O

E&O Liability Insurance for
Insurance-related Classes

Overview

Many professionals have difficulty finding a stable insurance company partner because they don’t fit the box of standard, admitted markets. Darwin is a stable and committed insurance partner, and our ability to craft coverage for hard-to-place and non-standard accounts positions us as much more than an “alternative” market.

Darwin’s commitment to its policyholders extends throughout the entire insurance lifecycle. In many cases, it starts with helping a client identify areas of exposure through on-site risk assessments. We then help them evolve to mitigate areas of risk through coverage terms and loss control procedures.

With the underwriting expertise and appetite for underwriting a broad range of non-medical errors and omissions (E&O) liability insurance risks, Darwin is emerging as the clear market leader for specialty insurance coverage. Whatever market classification may exist, Darwin looks beyond the label to understand and underwrite an account on its own merits.

Preferred Segments

Managing General Agents (MGAs)/Program Administrators (PAs)
Managing General Underwriters (MGUs)
Wholesale Agents/Brokers
Retail Agents/Brokers
Complex/Hybrid organizations (e.g. MGAs with TPA operations)
Agents/Brokers with previous claims
Captive Managers
Non-medical Third Party Administrators (TPAs)
Reinsurance intermediaries
Claims adjusters

Capacity

Darwin can provide limits up to $15 million primary, $10 million excess.

Coverage Highlights

Broad definition of Insured and Professional Services
Broad definition of Claims
Prior Acts coverage available
Provides $25,000 for financial loss and defense costs for complaints or proceedings brought by federal, state, or municipal regulatory agencies or departments of insurance
Optional coverage enhancement for claims arising out of the insured’s Internet activities
Defense expenses available outside of the limit of liability
B+ insolvency coverage, with ability to provide specific entity insolvency coverage for lower-rated or non-rated entities
Broad definition of Loss includes punitive/exemplary damages coverage up to half of the available limit of liability
Tailored coverage for entities with diverse operations including captive management, TPA operations, reinsurance placements
Professional services carvebacks available for exclusions
On-site loss control/risk management evaluations

Submission Requirements

Darwin can quote from most competitors’ applications. However, for primary coverage a completed, signed Darwin application is required prior to issuing a policy.

Access to this product is available only to Darwin-approved producers. Approved producers may email account submissions to submissions@darwinpro.com, fax them to 860 284 1302, or mail them to the address below.

If you are not a Darwin-approved producer, click here for a list of approved referral wholesalers for this line of business.

Darwin Professional Underwriters, Inc.
9 Farm Springs Road, Farmington, CT 06032

V 860-284-1300 | F 860-284-1301 | E info@darwinpro.com