London American Professional Liability, LLC introduces a new Errors and Omissions Program

July 26, 2006

Fort Lee, New Jersey – London American Professional Liability, LLC (LAPL) a Program Administrator and MGA, introduces a new program for Independent Property & Casualty Insurance Agents Errors and Omissions. The program will be offered on a nationwide basis and is underwritten by LAPL along with an A XV A.M. Best rated insurance carrier.

This professional liability program is designed for agencies with gross written premiums between $5 million and $250 million. Coverage will be offered on both a primary and excess basis. Eligible agencies include Retailers, Wholesalers, Specialist firms and Hard to Place firms.

Policy Highlights include:

  • Claims made and reported policy

  • Right and duty to defend

  • Personal injury coverage

  • Punitive damages coverage

  • Mediation provision reduces retention

  • Defense costs for disciplinary proceedings up to $25,000

  • Supplemental Limit of Liability for expense reimbursement of $250 per day with a $5,000 aggregate limit

  • Predecessor firm coverage

  • Automatic 60-day Extended Reporting Period


  • Up to $5,000,000 each claim / $5,000,000 Annual Aggregate Limit

  • Minimum retention $5,000

  • Minimum premium $10,000 Primary / $5,000 Excess

    For more information, please contact Ed Velasquez, President, London American Professional Liability, Ph 201-944-7000 or visit the company’s website at

    Media Contact:
    Zane Carson
    Director of Marketing
    London American Risk Specialists, Inc.

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