Program Overview

As you grow your business, we know how important it is to have proper coverage in place to protect it. Marsh is proud to offer State Farm agents access to our self-service web solution to enroll in and renew your Errors & Omissions insurance and access to your program data. For over 50 years, Marsh has had the privilege of providing brokerage and administration for the State Farm Agents’ Errors & Omissions program.

To enroll, visit the homepage and click Access My Account. If you have questions or concerns, please don’t hesitate to reach out to a Marsh representative at:

Marsh Risk & Insurance Services
Phone: 800-538-7802
Fax: 415-743-8075
E-mail: AgentsReporting@Marsh.com

Claim Reporting

According to the terms of the Errors and Omission (E&O) policy, claims may be submitted directly to AIG/National Union. To assist you in filing a claim a State Farm Form on the ABS website has been provided to help you gather all necessary information and send the claim directly to AIG/National Union.

If you have a claim involving a State Farm product, you may want to discuss the matter with your Agency Administration Leader and your claims office prior to submitting a claim to the E&O policy carrier.

Errors and Omissions (E&O) Liability Insurance

Coverage to pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay as damages resulting from any claim or claims first made against the Insured and reported in writing to the Company during the Policy Period for any Wrongful Act of the Insured, but only if such Wrongful Act occurs during or prior to the Policy Period and solely in rendering or failing to render professional services for others for a fee.

Three different limits are available

$1,000,000 per claim/$3,000,000 per year
$2,000,000 per claim/$6,000,000 per year
$5,000,000 per claim/$8,000,000 per year

The E&O deductible for any option selected is $1,000 per claim.

Extended Reporting Period

This Errors and Omissions Policy provides five year extension of coverage after termination on acts, errors or omissions occurring prior to your termination.

In addition, retired agents have unlimited extension of coverage after termination (beyond the five year extension) on acts, errors or omissions occurring prior to termination as long as AIG, or one of their subsidiaries, is the insurer of this program.

Personal Injury Insurance

The Errors and Omissions policy also includes the supplementary “Personal Injury Insurance” coverage at no additional cost to you. This coverage includes:

False Arrest, Detention or Imprisonment, or Malicious Prosecution
Libel, Slander, Defamation, or Violation of Right of Privacy, and
Wrongful Entry or Other Invasion of Right of Private Occupancy.

Other Notable Endorsements

State Farm Financial Services
Registered Representative
Investment Adviser
Notary Endorsement
Exceeding written authority
Rain and Hail, LLC
Markel Corp Specialty Products
Insured Agent Definition adding seasonal and temporary employees

Employment Practices Liability Insurance

Coverage afforded by this policy is extended to Employment Practice claims against you. Most Employment Practices Liability (EPL) claims arise from alleged wrongful termination, discrimination or sexual harassment.

The EPL coverage for this policy has a $1,000,000 limit of liability, per claim, per agent, with a $5,000 deductible. This coverage is standard for all agents, regardless of the level of E&O coverage selected.

During annual enrollment, Agents have the option to purchase an additional $1,000,000 EPL endorsement for an added premium of 15 percent of your annual E&O premium. This is an opportunity to increase your EPL liability to a total of $2,000,000 limit of liability, per claim, per agent, with a $5,000 deductible.