Simple E&O Ratings Exclusion Poll

[MichaelBurton]

The last two E&O policies I have owned will not cover me if I sell a policy that, at the time of sale, was issued by an insurance company rated below A.M. Best's A-.

That leads me to believe that this must be a common clause; but, I thought I would check with other agents before I just assume. Hence, the poll.

Please offer up any details you care to share about your specific experience with E&O coverage.

 

[TriciaS]

Generally that is true, but several B+ carriers I deal with offer supplement coverage (free of charge) for agents for business written with them. (ie Genworth and before Athene was upgraded) so check with the carrier to see.

 

[agentinsouth]

The last two E&O policies I have owned will not cover me if I sell a policy that, at the time of sale, was issued by an insurance company rated below A.M. Best's A-. That leads me to believe that this must be a common clause; but, I thought I would check with other agents before I just assume. Hence, the poll. Please offer up any details you care to share about your specific experience with E&O coverage.

Mine will do AM Near A, B and Demotech A.

 

[MichaelBurton]

Mine will do AM Near A, B and Demotech A.

Thank you for sharing this, AIS!

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Generally that is true, but several B+ carriers I deal with offer supplement coverage (free of charge) for agents for business written with them. (ie Genworth and before Athene was upgraded) so check with the carrier to see.

Yes, I recently discovered this directly from Genworth.

 

[agentjhc]

A- for mine...............................