Penn National Insurance Agents' Umbrella

Penn National Insurance Agents' Umbrella Program

Commercial Umbrella coverage built to automatically include Agents/Brokers E&O

PIA and Penn National Insurance are proud to offer the most comprehensive and affordable excess insurance protection available, packaged into one easy-to-manage policy.

Coverage Highlights:

Full commercial umbrella coverage

• 10M limits available
• Limits up to 20M may be available subject to underwriting
• Combined occurrence/claims made coverage in one excess policy

Excess over underlying

• Agents' E&O*
• BOP/GL*
• Commercial Auto
• Employers Liability (Not available in NY)
  * Minimum primary coverage required GL/BOP and Agents/Brokers E&O

Program Features

• Full prior acts available
• Broad list of acceptable underlying carriers
• Coverage for Agents/Brokers built to follow form over standard primary E&O policy coverages
• Defense Expense in addition when primary E&O Defense is in addition

Additional Options

• Option to eliminate the SIR (Where permitted by Law)
• Option to add Mutual Funds or Variable Annuities coverage
• Option to add Excess Employment Practices Liability (EPLI) up to $2,000,000
• Option to add Excess Employee Benefits Liability

Optional Personal Umbrella Endorsement (not available in TX or WI)

• Option to add Personal Umbrella endorsement for entity principals
• Limits available up to $5,000,000, not to exceed the Commercial Umbrella limit

Simplified Staff Rating for Smaller Accounts

• Available for agencies with fewer than 9 employees and 6 vehicles
• Limits up to $3,000,000
• Staff Rating Availability subject to Underwriting guidelines