Insurance Services Liability­­

Insurance Services Liability coverage protects against losses resulting from wrongful acts in rendering or failing to render Insurance Services.

Key Definition
Insurance Services means any of the following services performed by the Insured as an insurance agent, insurance broker, insurance consultant or managing general agent:

≡ Sale and placement of insurance;
≡ Identification, analysis and evaluation of a client's insurance needs, including work performed for prospective clients;
≡ Appraisal of property and inspections for insurance purposes;
≡ Adjustment of claims on behalf of insurance companies, including loss payments; or
≡ Arrangement of premium financing for clients.

 

 

 

 

Availability
Coverage is available as:

≡ Part of the Broad Form Company Liability (BFCL) Endorsement;

≡ Part of the Bankers Professional Liability (BPL) Endorsement; or

≡ A separate Insurance Services Liability Endorsement.