Utica National Insurance Group (rated A Excellent by A.M. Best) has been in the agents' E&O business - continuously - since 1966 and realizes that your agency's core assets aren't always on paper. We've provided legal defense for claims against agents that could have closed their agencies without this protection. And when you have the Utica program behind you, it reinforces with your clients your reputation for running a professional insurance organization.
Full prior acts coverage for the named insured at no extra charge
Broad definition of insured includes leased/temporary persons as well as legal spouse, former insureds and independent contractors
Defense cost in addition to limits of liability
Coverage provided for any newly acquired or formed organization (coverage afforded for 90 days)
First dollar defense coverage (optional loss and litigation deductible)
Aggregate deductible caps your annual deductible exposure
Consent to Settle clause prevents claims settlement without your approval
Contractual Liability coverage as well as Advertising and Personal Injury coverage for professional activities
Insolvency coverage provided for insurance carriers rated "B" or better at the time of placement
Dishonesty coverage provided subject to exclusion of participating insureds
Punitive and exemplary damages covered under definition of loss (where permitted by law)
Optional extended reporting period reinstates aggregate and offers options up to 10 years
Worldwide coverage (suit may be brought anywhere in the world)
Coverage up to $25,000 for response to a complaint of the defense of an investigation brought by
Coverage for a claim by an entity or individual which is wholly or partially owned, operated, managed or controlled by the insured; did wholly or partially own, operate, manage or control; or is wholly under the same ownership, operation, management or financial control as the insured provided the percentage of partial ownership, operation, management or control is 10% or less
Reduction of your deductible (Diminishing Deductible) as a result of current continuous claims free years of coverage; up to 50% credit of your deductible