E&O Insurance for Partners Advantage Insurance Services

Errors and Omissions Insurance Program for Partners Advantage Insurance Services AGENTS

Errors and Omissions Insurance Program for Partners Advantage Insurance Services AGENTS SELLING MEDICARE PRODUCTS ONLY

  • This Errors and Omissions Insurance Plan is designed exclusively for agents of Partners Advantage Insurance Services and helps to protect against claims arising from the sale and servicing of insurance products.
  • This E&O Policy renews on October 1st. All certificates of insurance issued under this policy will renew October 1st. Premiums are prorated based on chosen effective date of coverage.
$1 Million per claim / $1 Million annual aggregate

Option A : Life, accident and health, LTC, disability income activities, universal life, section 125, employee benefit plans, and managed health care organizations.

Effective Date Pay In Full or Down Payment w/Monthly Payment
10/01/22 $495.00 $119.62 $39.58
11/01/22 $460.42 $119.62 $39.58
12/01/22 $425.83 $119.62 $39.58
01/01/23 $391.25 $119.62 $39.58
02/01/23 $356.67 $119.62 $39.58
03/01/23 $322.08 $119.62 $39.58
04/01/23 $287.50 $119.62 $39.58
05/01/23 $252.92 $119.62 $39.58
06/01/23 Apply today for $218.33 $119.62 $39.58
07/01/23 $183.75 $119.62 $39.58
08/01/23 $149.17 $119.62 $39.58
09/01/23 $114.58 $114.58 $0.00
  • Premiums are prorated to allow for mid-policy enrollment.
  • This policy renews on October 1st of each year.
  • This is an annual policy which renews each October 1st. Premiums are prorated monthly for enrollment purposes. Pricing includes a $25.00 administrative fee and $55.00 marketing fee. Down payment includes one month's premium and a $5.00 monthly processing fee. Monthly payments include a $5.00 processing fee and will begin the first of the month after the enrollment effective date.
  • At the time of enrollment, each enrollee will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees and minimum earned premium are non-refundable.
  • You must be actively affiliated with Partners Advantage Insurance Services at the time of enrollment
  • $1 Million per claim / $1 Million annual aggregate
  • $1 Million per claim / $2 Million annual aggregate
  • Only two underwriting questions
  • Coverage includes life, accident and health, disability income activities, universal life, annuities and section 125, employee benefit plans, managed health care organizations
  • Additional coverage for mutual funds and variable products available if purchased
  • A policy aggregate of $15,000,000*

    *Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State.

  • Defense costs reduce the limit of liability and are subject to the deductible. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
  • Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf.
  • Provides coverage for any corporation, partnership or other business entity that is owned or controlled by an Agent, General Agent or Registered Representative but only for the covered acts of the individual Agent, General Agent or Registered Representative. This is individual E&O insurance.
  • Instant proof of insurance upon approval
  • This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period. Claims must be reported during the policy period; or, during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.
  • $1,000 deductible for Partners Advantage Insurance Services product-related claims
  • $2,500 deductible for Non Partners Advantage Insurance Services product-related claims
  • $5,000 deductible for variable and mutual fund products
  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the third of each month.
  • This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
  • Your coverage is underwritten by BCS Insurance Company.
    www.bcsins.com
    BCS Insurance Company is A.M. Best "A" (Excellent) rated carrier.
  • All policy documents are delivered in electronic format by default.
  • A.M. Best rating and other disclosures.
  • For complete details on covered professional services and exclusions, please refer to the policy form.
  • Gallagher Affinity
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions section for more information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
  • This E&O Policy renews on October 1st. All certificates of insurance issued under this policy will renew October 1st. Premiums are prorated based on chosen effective date of coverage.
  • NEW! This Errors and Omissions insurance program is designed exclusively for licensed Life & Health Agents affiliated with Partners Advantage Insurance Services selling Medicare Products Only.
  • Important Coverage Notification! Please Read: Coverage under this plan option (including prior acts) will be limited to acts as a licensed Life and/or Health insurance agent selling Medicare Advantage, Medicare Supplemental, and Medicare Part D Only. Sale and Servicing of any other products will not be covered, even if you had coverage for other products on a previous E&O policy.
$1 Million per claim / $1 Million annual aggregate

Medicare Only: Includes Medicare Advantage, Medicare Supplemental, and Medicare Part D Products Only. Sale and Servicing of any other products will not be covered including prior acts coverage, even if you had coverage for other products on a previous E&O policy.

Effective Date Pay In Full or Down Payment w/Monthly Payment
10/01/22 $415.00 $80.87 $35.83
11/01/22 $384.17 $80.87 $35.83
12/01/22 $353.33 $80.87 $35.83
01/01/23 $322.50 $80.87 $35.83
02/01/23 $291.67 $80.87 $35.83
03/01/23 $260.83 $80.87 $35.83
04/01/23 $230.00 $80.87 $35.83
05/01/23 $199.17 $80.87 $35.83
06/01/23 Apply today for $168.33 $80.87 $35.83
07/01/23 $137.50 $80.87 $35.83
08/01/23 $106.67 $80.87 $35.83
09/01/23 $75.83 $75.83 $0.00
  • Premiums are prorated to allow for mid-policy enrollment.
  • This policy renews on October 1st of each year.
  • This is an annual policy which renews each October 1st. Premiums are prorated monthly for enrollment purposes. Pricing includes a $25.00 administrative fee and $20.00 marketing fee. Down payment includes one month's premium and a $5.00 monthly processing fee. Monthly payments include a $5.00 processing fee and will begin the first of the month after the enrollment effective date.
  • At the time of enrollment, each enrollee will be required to make a non-refundable payment in the amount of the first month’s premium (minimum earned premium). Administrative fees and minimum earned premium are non-refundable.
  • You must be actively affiliated with Partners Advantage Insurance Services at the time of enrollment
  • $1 Million per claim / $1 Million annual aggregate
  • Only two underwriting questions
  • Coverage includes Medicare Advantage, Medicare Supplemental and Medicare Part D products only.
    • Coverage under this plan option (including prior acts) will be limited to acts as a licensed Life and/or Health insurance agent selling Medicare Advantage, Medicare Supplemental, and Medicare Part D Only. Sale and Servicing of any other products will not be covered, even if you had coverage for other products on a previous E&O policy.

  • A policy aggregate of $15,000,000*

    *Policy aggregate limit of liability is not applicable to those agents and registered representatives who are residents of or practice in New York State.

  • Defense costs reduce the limit of liability and are subject to the deductible. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
  • Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf.
  • Provides coverage for any corporation, partnership or other business entity that is owned or controlled by an Agent, General Agent or Registered Representative but only for the covered acts of the individual Agent, General Agent or Registered Representative. This is individual E&O insurance.
  • Instant proof of insurance upon approval
  • This is a claims made and reported policy. Claims must be submitted as soon as practicable in writing to the insurer. Coverage only applies to claims first made during the policy period. Claims must be reported during the policy period; or, during an extended reporting period (ERP). Prior acts are covered back to the first day of continuous E&O coverage. Please refer to the policy form for claim reporting provisions and definition of a claim, prior acts definition, and ERP details.
  • $1,000 for Medicare Advantage, Medicare Supplemental and Medicare Part D products only.
  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT). For those customers that select the monthly payment option, your credit card or EFT will be processed on the third of each month.
  • This errors and omissions coverage is placed with an admitted carrier. Please reference the A.M. Best rating and disclosures link below for an explanation of admitted and non-admitted carriers.
  • Your coverage is underwritten by BCS Insurance Company.
    www.bcsins.com
    BCS Insurance Company is A.M. Best "A" (Excellent) rated carrier.
  • All policy documents are delivered in electronic format by default.
  • A.M. Best rating and other disclosures.
  • For complete details on covered professional services and exclusions, please refer to the policy form.
  • Gallagher Affinity
  • Refer to the policy form for additional definitions, terms, and conditions. Please contact us with any questions or concerns; you can also visit our Frequently Asked Questions section for more information.
  • Program administrative services include policy review and issuance, premium billing and invoicing, mid-term policy changes, coordination and issuance of certificates of insurance, online enrollment and account management and a dedicated customer support team with phone, chat and online contact features.
Frequently Asked Questions
Frequently Asked Questions