Available in most U.S. states*

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