Mutual of Omaha Broker Services

E & O coverage provides insurance for negligence in rendering professional services to others as an insurance agent. Coverage is essential to protect today's insurance professionals from liability. Similar to malpractice insurance for doctors, lawyers and accountants, E & O coverage pays the costs of covered claims, including defense and investigation expenses.

Our E & O coverage is underwritten by Swiss RE. A growing provider in the insurance agents E & O market, Swiss RE has been in business for more than 80 years. They employ a specialized E & O claim staff dedicated to protecting your good reputation, which has earned them an A.M. Best rating of A.

Licensed Life, Accident and Health Insurance Agents, General Agents, and Brokers with regard to the sale and servicing of products from all carriers for:

• Life insurance products, including Annuities
• Accident & Health Products, including Disability Income and IPA's, HMO's, PPO's and DSP's (Note: Property and Casualty products and structured settlements are specifically excluded)

E & O will be effective when premium is received, provided broker has an appointment with a Mutual of Omaha Company and a production number assigned within 45 days of program administrator's receipt of enrollment form.

Registered Representative with regard to sale and servicing of:

• Variable Life and Annuities
• Mutual Funds through any NASD-registered Broker/Dealer

For: Negligent acts, errors or omissions, including damages caused by libel, slander or invasion of privacy.

Prior Acts Coverage: Back to date of first continuously maintained E & O policy.

Extension Period: Automatic to the next anniversary date for Brokers whose contract with Mutual is terminated during the policy period, but only for acts committed prior to the termination date of the contract and only for acts committed subsequent to the inception date of coverage under the policy. One year extension is available. Contact Marcotte within 30 days of termination and pay required additional premium.

Deductibles: $500 for Mutual of Omaha products; $1,500 for any other company's products.
Limits: $1,000,000 each claim; $1,000,000 aggregate each Broker. Limit includes defense costs.