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E&O Insurance for Golden Rule Insurance Company

Errors and Omissions Insurance Program for Golden Rule Insurance Company BROKERS

Apply for Golden Rule Insurance Company E&O Insurance Renew   Policy   Policy 12/01/2019 to 12/01/2020    Renewal Reminder

 •   Pricing Information  •   Program Eligibility  •   Program Features  •   Coverage Limits  •   Deductibles and Retentions  •   Payment Options  •   Underwriter  •   Disclosures  •   Program Administrator

E&O Program Introduction

  • 360 Coverage Pros provides an Errors & Omissions insurance program exclusively for Agents appointed with Golden Rule Insurance Company. Since 1990, 360 Coverage Pros has assisted thousands of agents with their E&O needs.

About This Coverage

  • This E&O Policy renews on December 1st. All certificates of insurance issued under this policy will renew December 1st. Premiums are prorated based on chosen effective date of coverage.

Pricing Information

$1 Million per claim / $1 Million annual aggregate
Sale and servicing of life, accident and health products, LTC, fixed and indexed annuities, disability income and Medicare Advantage & Medicare Supplement plans.
Effective Date Pay In Full or Down Payment w/ Monthly Payment
12/01/19 $465.00 $98.75 $38.75
01/01/20 $431.25 $98.75 $38.75
02/01/20 $397.50 $98.75 $38.75
03/01/20 $363.75 $98.75 $38.75
04/01/20 $330.00 $98.75 $38.75
05/01/20 $296.25 $98.75 $38.75
06/01/20 $262.50 $98.75 $38.75
07/01/20 Apply today for $228.75 $98.75 $38.75
08/01/20 $195.00 $98.75 $38.75
09/01/20 $161.25 $98.75 $38.75
10/01/20 $127.50 $98.75 $38.75
11/01/20 $93.75 $93.75 $0.00
   View more limit, coverage and pricing options
  • Premiums are prorated to allow for mid-policy enrollment
  • The Following Pricing and Payment Information Applies:
    • Pricing includes premium and applicable administrative fees
    • Down payment includes one month's premium, administration fees, and a $5.00 monthly processing fee
    • Monthly payments include one month's premium and $5.00 processing fee
    • Monthly payments will begin the third day of the month after the enrollment effective date
  • At the time of enrollment, each agent 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 policy renews on December 1st of each year.

Program Eligibility

  • You must be actively affiliated with Golden Rule Insurance Company at the time of enrollment

Program Features

  • Basic coverage includes the sale and servicing of life, accident and health, LTC, fixed and indexed annuities, disability income and medicare
  • Additional coverage for mutual funds and variable products available if purchased
  • A policy aggregate of $10,000,000*

    *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 retention. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
  • Prior Acts Coverage for product related claims back to:
    • The first effective date of continuously maintained E&O coverage
    • After three years in the program you will receive full prior acts coverage back to your first continuously maintained contract with Golden Rule Insurance Company
  • Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf.
  • Instant proof of insurance upon approval
  • Coverage Endorsements Include:
    • Wire Transfer Claim Endorsement
    • Department of Insurance Inquiry Costs Endorsement
  • 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.

Coverage Limits

  • $1 Million per claim / $1 Million annual aggregate
  • $1 Million per claim / $2 Million annual aggregate
  • $1 Million per claim / $3 Million annual aggregate
  • $2 Million per claim / $2 Million annual aggregate

Deductibles and Retentions

  • $0 retention on first sponsored product covered claim, $500 retention for any additional sponsored product covered claims (other than Wire Transfer Claim).
  • $1500 retention each covered claim for Indexed Annuities, Non-Sponsored Products and Wire Transfers
  • $2500 retention each covered claim for Mutual Funds/Variable Annuities

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.
  • One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2020 CNA. All rights reserved.
    www.cna.com
    CNA is an A.M. Best "A" (Excellent) XV rated carrier.

Disclosures

  • A.M. Best rating and other disclosures.
  • All policy documents are delivered in electronic format by default. You can manage your account delivery options by visiting the "Log in" menu option at the top of the page.
  • Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions.

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.
Apply for Golden Rule Insurance Company E&O Insurance Renew   Policy   Policy 12/01/2019 to 12/01/2020    Renewal Reminder

Errors and Omissions Insurance Program for Golden Rule Insurance Company AGENCIES

Apply for Golden Rule Insurance Company E&O Insurance Renew   Policy   Policy 12/01/2019 to 12/01/2020    Renewal Reminder

 •   Pricing Information  •   Program Eligibility  •   Program Features  •   Coverage Limits  •   Deductibles and Retentions  •   Payment Options  •   Underwriter  •   Disclosures  •   Program Administrator

E&O Program Introduction

  • 360 Coverage Pros provides a comprehensive Errors & Omissions insurance program exclusively for Agencies affiliated with Golden Rule Insurance Company. 360 Coverage Pros has assisted thousands of agents & agencies with their E&O needs.

About This Coverage

  • This E&O Policy renews on December 1st. All certificates of insurance issued under this policy will renew December 1st. Premiums are prorated based on chosen effective date of coverage.

Pricing Information

$1 Million per claim / $2 Million annual aggregate
Sale and servicing of life, accident and health products, LTC, fixed and indexed annuities, disability income and Medicare Advantage & Medicare Supplement plans.
Effective Date Pay In Full or Down Payment w/ Monthly Payment
12/01/19 $1,072.00 $159.37 $99.33
01/01/20 $987.67 $159.37 $99.33
02/01/20 $903.33 $159.37 $99.33
03/01/20 $819.00 $159.37 $99.33
04/01/20 $734.67 $159.37 $99.33
05/01/20 $650.33 $159.37 $99.33
06/01/20 $566.00 $159.37 $99.33
07/01/20 Apply today for $481.67 $159.37 $99.33
08/01/20 $397.33 $159.37 $99.33
09/01/20 $313.00 $159.37 $99.33
10/01/20 $228.67 $159.37 $99.33
11/01/20 $144.33 $144.33 $0.00
   View more limit, coverage and pricing options
  • Premiums are prorated to allow for mid-policy enrollment
  • The Following Pricing and Payment Information Applies:
    • Pricing includes premium and applicable administrative fees
    • Down payment includes one month's premium, administration fees, and a $15.00 monthly processing fee
    • Monthly payments include one month's premium and $15.00 processing fee
    • Monthly payments will begin the third day of the month after the enrollment effective date
  • At the time of enrollment, each agent 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 policy renews on December 1st of each year.

Program Eligibility

  • You must be actively affiliated with Golden Rule Insurance Company at the time of enrollment

Program Features

  • Basic coverage includes the sale and servicing of life, accident and health, LTC, fixed and indexed annuities, disability income and medicare
  • Additional coverage for mutual funds and variable products available if purchased
  • A policy aggregate of $10,000,000*

    *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 retention. Punitive damages are not covered by the policy. Refer to the policy form for the definition of defense costs and punitive damages.
  • Prior Acts Coverage for product related claims back to:
    • The first effective date of continuously maintained E&O coverage
    • After three years in the program you will receive full prior acts coverage back to your first continuously maintained contract with Golden Rule Insurance Company
  • Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf.
  • Instant proof of insurance upon approval
  • Coverage Endorsements Include:
    • Wire Transfer Claim Endorsement
    • Department of Insurance Inquiry Costs Endorsement
  • 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.

Coverage Limits

  • $1 Million per claim / $2 Million annual aggregate
  • $2 Million per claim / $2 Million annual aggregate

Deductibles and Retentions

  • $0 retention on first sponsored product covered claim, $500 retention for any additional sponsored product covered claims (other than Wire Transfer Claim).
  • $1500 retention each covered claim for Indexed Annuities, Non-Sponsored Products and Wire Transfers
  • $2500 retention each covered claim for Mutual Funds/Variable Annuities

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.
  • One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities. Copyright © 2020 CNA. All rights reserved.
    www.cna.com
    CNA is an A.M. Best "A" (Excellent) XV rated carrier.

Disclosures

  • A.M. Best rating and other disclosures.
  • All policy documents are delivered in electronic format by default. You can manage your account delivery options by visiting the "Log in" menu option at the top of the page.
  • Refer to the policy form by clicking on the Policy button at the top of the page for more details on covered professional services and exclusions.

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.
Apply for Golden Rule Insurance Company E&O Insurance Renew   Policy   Policy 12/01/2019 to 12/01/2020    Renewal Reminder
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