Insurance Agent & Broker Program
Insurance Agents/Brokers Program Overview Primary and Excess Capabilities
Coverage Highlights
- XLCatlin Specialty Insurance Company – A.M. Best Rating A, Class XV
- $5,000,000 in limits capacity
- Minimum Retention of $5,000
- Defense in Addition to the limits available
- First Dollar Defense Available
- Aggregate Retentions available
- Regulatory Proceedings Coverage
- Subpoena Expense Coverage
- Litigation Expense Coverage
- Enhanced Insolvency Coverage
- Cyber Liability and Data Compromise Coverage available
- $30 Million in Revenues and Commissions
- Retail, wholesale & MGA Risks Accepted
Product overview – XL Catlin Specialty Insurance Company IAB Form – PLIA 050 0211
- Claims made and Reported Policy
- Duty to defend, including “pay on behalf of” language
- Severability of Application Language
- Defense costs for Regulatory Proceedings –(additional limit, but subject to a sub limit as specified in the declarations page)
- Litigation Expense Reimbursement Coverage – (additional limit, but subject to a sub limit as specified in the declarations page – this sub limit is in addition to the each Claim, and Aggregate Limits of Liability provided under the policy)
- Subpoena Expenses Coverage – (additional limit, but subject to a sub limit as specified in the declarations page)
- Broad Definition of Claim – “written demand” wording, including coverage foe pliadings in a civil litigation, arbitration, mediation of alterative dispute resolutions
- Broad Definition of Defense Costs, including pre and post judgment inrerest and premium foe appeal, Attacment or similar bonds
- Broad Definition of Insured, including:
- The insured Compa;ny, and any Predecessor Form
- Present, of former partner, director, officer manager,employee oe independent contractor of the Company or a Predecessor firm
- Any present or former Licensed Producer
- Any natural person, including Licensed Prdicers subject toa malid contract with the Insured Company
- Lawful Spiusal Coverage
- Estates, heirs executors Administrators or legal representatibes of an Insured
- Broad Definition of Loss, including:
- Defense costs, Compensatory Monetary Damages, Judgments Settlements or awards
- Taxes, fines or penalties incurred by a third party and includedub sycg third party’s Claim against the Insured
- Punitice and exemplary damages xoverage where permissile by law
- Personal Injury Coverage
- Broad Definition of Professional Services Coverage
- “For” language applicabke to the BI\PD Exclusinon
- Amended Owned and Affiliated Exclusionary Language including:
- 10% equity or ownership carved out for public entities in which the Insured has ownership
- 30% equity or ownership carve out foe Private entitied in with the Insured has ownership
