Comprehensive E&O Coverage for Your Agency

This exclusive Errors & Omissions insurance program offered through American International Group (AIG) and Arthur J. Gallagher provides the broad coverage that your agency requires.

NEW! NAILBA is now offering more coverages to our member agencies:

Employment Practices Liability Insurance (EPLI) - Liability insurance covering wrongful acts arising from the employment process. The most frequent types of claims alleged under such policies include: wrongful termination, discrimination, and sexual harassment. The forms are written on a claims-made basis and generally exclude coverage for large-scale, company-wide layoffs.

3rd Party EPL Coverage – This coverage extends the insurance coverage above to a person who is a customer or client, or any group of such customers or clients, other than an employee or applicant for employment with the Company.

Directors and Officer Liability Coverage – This coverage pays on behalf of the insured director or officer for damages related to wrongful acts made while acting in their individual or collective capacities as directors or officers. The insurance is divided into two separate coverages. One coverage reimburses the corporation for payments made to its directors or officers for loss incurred because of wrongful acts. The other coverage pays on behalf of the directors or officers themselves.

Fiduciary Liability Coverage – This coverage pays on behalf of the insured’s legal liability arising from claims for alleged failure to prudently act within the meaning of the Pension Reform Act of 1974. 'Insured' is variously defined as a trust or employee benefit plan, any trustee, officer or employee of the trust or employee benefit plan, employer who is sole sponsor of a plan and any other individual or organization designated as a fiduciary.

Fidelity / Crime Coverage – This insurance covers losses sustained by an organization for the occurrences described below. Each of these covered types of loss is called an insuring agreement. A policy may have any number of insuring agreements.

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Coverage Details

• Full Prior Acts Coverage is Available
• Defense Costs of $250,000 Outside of the Limits
• Damages Only Deductible Option for 10% of the Annual Premium
• Defense Costs Completely Outside of the Limits for 10% Additional Annual Premium (for policies with $3,000,000 or less aggregate limit)

Who Is Covered? The Agency

• Independent Contractor Representatives of Your Agency
• Employees
• Heirs/Executors/Administrators
• Employee Fraud and Dishonesty

What Services Are Covered? Life Insurance

• Accident and Health Insurance
• Disability Insurance
• Annuities
• Variable Products
• Employee Benefit Plans
• Mutual Funds, Pension/Profit Sharing Plans
• Providing Advice, Consultation, and Administration of the Above Products (whether or not a fee is charged)
• Notary Public
• Life Settlements
• Series 7 Securities Sales