As a licensed health insurance agent, broker or consultant, you risk the possibility of a claim or lawsuit every time you perform your professional services. And even if you have some type of coverage in place, it may not adequately protect you.
That is why thousands of health insurance professionals have chosen to protect themselves by purchasing the Travelers 1st Choice+® for Insurance Professionals Program, the only E&O plan fully endorsed by NAHU.
NAHU has researched all the major insurance programs in the marketplace and has only chosen to endorse this program offered through Mercer Consumer and underwritten by Travelers Casualty and Surety Company of America, Hartford, CT 06183.
You can trust Mercer Consumer to custom-tailor an individual policy to meet your needs. Mercer Consumer has an outstanding reputation for offering superior products, quality services and expertise in the professional liability marketplace. We’ve been helping NAHU members understand their need for E&O coverage since 1999.
Specifically written to cover the practices of health insurance professionals including …
Wider range of limits available with a maximum limit of $5,000,000/$5,000,000:
Coverage for all claims and losses depends on actual policy provisions. Availability of coverage can depend on underwriting qualifications and state regulations.
Travelers 1st Choice+® for Insurance Professionals provides you with coverage options to help protect your business.
Automatically included within the Travelers1st Choice+® for Insurance Professionals coverage:
Additional cyber protection provided by optional endorsement:
As long as the products you sell are fully insured by an admitted carrier that is rated A- or better by A.M. Best on the date the policy last became effective with the insurer, the policy protects you against legal liability as a result of future insolvency of the carrier.
1Mercer Health & Benefits Administration LLC makes no representations or warranties, expressed or implied, concerning the financial condition or solvency of any insurers. A.M. Best’s Ratings are under continuous review and subject to change and/or affirmation. For the latest Best’s Ratings and Best’s Company Reports (which include Best’s Ratings), visit the A.M. Best website at http://www.ambest.com. See Guide to Best’s Ratings for explanation of use and charges. Best’s Ratings reproduced herein appear under license from A.M. Best and do not constitute, either expressly or impliedly, an endorsement of Mercer or its recommendations, formulas, criteria or comparisons to any other ratings, rating scales or rating organizations which are published or referenced herein. A.M. Best is not responsible for transcription errors made in presenting Best’s Ratings. Best’s Ratings are proprietary and may not be reproduced or distributed without the express written permission of A.M. Best Company.
The policy covers personal injury lawsuits resulting from slander, libel, invasion of privacy or false arrest while performing professional services as an insurance agent or broker.
Coverage is available for you as a health insurance agent, general agent or broker and that coverage extends to your nonlicensed administrative staff employees. (If you have independent contractors/sub-agents, need property and casualty coverage, or write self-insured/self-funded business, you must complete the agency application and applicable supplements).
Answers about the plan, including eligibility, options, enrollment, customer service and more.
What is Professional Liability insurance?
Doesn’t my employer provide me with Professional Liability coverage?
While many employers (not all) will provide some professional liability coverage, chances are that coverage may have some serious gaps, including:
What would having a personal Professional Liability Insurance Plan give me?
In the event of a lawsuit, your own Professional Liability Insurance policy would:
Why should I consider an individual Professional Liability Insurance Plan from Mercer Consumer?
How do I apply?
Am I eligible to purchase my medical professional liability with installments?
What Cyber Security coverage does my policy offer?
Travelers 1st Choice+® for Insurance Professionals Program automatically includes coverage that helps protect you if you are sued as a result of a network or information security breach. And you’re covered up to your available policy limits.
Plus, you’ll be reimbursed for Crisis Event Expenses up to $10,000 for each crisis event/$30,000 for all crisis events related to a network or security breach. And you’ll have the option to obtain additional cyber coverage! Please refer the ‘Cyber Coverage Highlights’ section.
Who is covered under my policy?
Are prior acts covered?
Yes, with evidence of first date of continuous coverage.
Do I have to be a member of NAHU to participate in the Program?
No, membership is not required. However, NAHU membership does include a 10% discount on your E&O.
What is the turnaround time for a quotation once I submit my application?
The average processing time runs approximately seven to ten business days.
Do I have to place all of my business with A-rated carriers?
You are not restricted under this policy on where you can place business. However, there is no coverage for claims arising out of insolvency for carriers rated less than A- by A.M. Best at the time of placement.
How is Property & Casualty coverage handled in the Program?
The NAHU-endorsed Professional Liability Program will consider P&C coverage.