Miscellaneous Professionals Liability Insurance

Supplementary Payments – No Deductible Applies

• Subpoena Expense: $10,000 per policy period if Insured requests the Company’s assistance
• Disciplinary Action: $25,000 per policy period and Company will provide defense
• Loss of Earnings Reimbursement: $500 per day for each Insured up to maximum$10,000 per claim and Policy Aggregate of $25,000

Insolvency Coverage – Can Be Amended By Endorsement

• B+ or Better by AM BEST at time of placement. Coverage for member insurers of the State Guaranty Fund or Guaranty Association in the State or States of Domicile of the subject risk, risk or such entities; or were guaranteed by a governmental body of bodies and/or the coverage was placed with an insurance carrier through a state established residual market insurance program; or the coverage was placed with a County Mutual reinsured by carriers rated by A.M. Best as A or higher.

Extended Reporting Period percentages based on annual premium:

• One Year – 100%
• Two Years – 150%
• Three Years – 200%
• Five Years – 300%

• Damages-only deductible (first dollar defense) is available if: Firm has not had more than one claim with incurred exceeding $5,000 in past three (3) years.

• Deductible Minimums start at $1,000. AmTrust does have financial requirements for insureds wanting higher than normal deductible options.

• Limits up to $5,000,000

Maximum revenue to be eligible for the program are:

• Up to $10,000,000 commission income for P&C agents.
• Up to $5,000,000 net retained commissions for MGAs, wholesalers, PAs and MGUs.

Ineligible Classes:

• Reinsurance intermediaries
• Captive insurance agencies
• Third party administration and administrators
• Actuarial services
• Real estate agents and brokers
• Stand-alone insurance consultants and marketing firms
• Variable life and viatical placements
• Insurance companies and other risk bearing entities
• MGAs, PAs or MGUs that handle claims with coverage and settlement discretion over terms and/or conditions or appoint sub agents with binding authority.