E&O Insurance for Penn Global Marketing
Errors and Omissions Insurance Program for Penn Global Marketing AGENTS
About This Coverage
- This Errors and Omissions Insurance Plan is designed exclusively for agents of Penn Global Marketing and helps to protect against claims arising from the sale and servicing of insurance products.
- NEW: Penn Global Marketing is now part of Integrity Marketing Group
- This E&O Policy renews on March 1st. All certificates of insurance issued under this policy will renew March 1st. Premiums are prorated based on chosen effective date of coverage.
Pricing Information
Coverage extends to all life, accident and health, LTC, Medicare, disability, annuities, mutual funds, variable products, universal life, section 125, employee benefit plans, self-funded plans, and managed health care organizations of all life and health carriers.
| Effective Date | Pay In Full | or Down Payment | w/Monthly Payment |
|---|---|---|---|
| 02/01/26 | Apply today for $83.25 | $83.25 | $0.00 |
| 03/01/26 | $449.00 | $88.25 | $38.25 |
| 04/01/26 | $415.75 | $88.25 | $38.25 |
| 05/01/26 | $382.50 | $88.25 | $38.25 |
| 06/01/26 | $349.25 | $88.25 | $38.25 |
| 07/01/26 | $316.00 | $88.25 | $38.25 |
| 08/01/26 | $282.75 | $88.25 | $38.25 |
| 09/01/26 | $249.50 | $88.25 | $38.25 |
| 10/01/26 | $216.25 | $88.25 | $38.25 |
| 11/01/26 | $183.00 | $88.25 | $38.25 |
| 12/01/26 | $149.75 | $88.25 | $38.25 |
| 01/01/27 | $116.50 | $88.25 | $38.25 |
- Premiums are prorated to allow for mid-policy enrollment.
- This policy renews on March 1st of each year.
- 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.
- This is an annual policy which renews each March 1st. Premiums are prorated monthly for enrollment purposes. Pricing includes a $50.00 administrative 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 third of the month after the enrollment effective date.
Program Eligibility
- You must be actively affiliated with Penn Global Marketing at the time of enrollment
- If you are no longer affiliated with Penn Global Marketing during the policy period, coverage for any new business activities ceases immediately as of your termination date. You will be covered under an Extended Reporting Period beginning on the date of termination. Please see the policy for further details.
Coverage Limits
- $1 Million per claim / $2 Million annual aggregate
- $1 Million per claim / $3 Million annual aggregate
Program Features
- Coverage includes life, accident and health, Medicare, disability income activities as well as mutual funds, variable products, universal life, annuities and section 125, employee benefit plans, self-funded plans, managed health care organizations
- Prior acts coverage back to first date of continuous E&O coverage
- $100,000 Network Risk and Privacy Claim Endorsement sublimit
- First dollar defense costs are provided and are within the limits of liability. Punitive damages are not covered by the policy.
- Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf
- Provides coverage for any affiliated corporation, partnership or agency for their liability arising out of the individual insured's professional services
- Coverage under this program is offered on a claims made basis. The policy will only cover claims first made against the Insured and reported to the Insurer during the certificate period. The agent must not have had knowledge of the claim or circumstances likely to result in a claim at the effective date of coverage.
- This policy applies to any act, error or omission which takes place anywhere in the world, provided that the claim is made and suit is brought against the Insured in the United States of America
- 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 and 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.
Deductibles and Retentions
- $0 deductible on Penn Global Marketing product-related claims
- $1,250 deductible on Non Penn Global Marketing claims
Payment Options
- 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.
Underwriter
- 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.
bcsins.com
BCS Insurance Company is A.M. Best "A" (Excellent) rated carrier.
Disclosures
- 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.
Program Administrator
- 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.
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