Excellus BlueCross BlueShield Errors & Omissions Insurance Program

This plan is designed exclusively for agents and agencies of Excellus BlueCross BlueShield and helps to protect against claims arising from the sale and servicing of insurance products. Coverage for agents starts at just $64.17 down and $39.17 a month or a one time payment of $435.00.

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Agents
Agencies
Highlights
Pricing

Agent Plan Highlights

MGA Insurance Services is pleased to be your E&O administrator. If you have any questions regarding the policy or payment options, please call us toll-free at 866.389.0022.

Download Program Overview

Program Features

  • Guaranteed Issue - group preferred premiums
  • Prior acts coverage back to first date of continuous E&O coverage.
  • Provides coverage for your administrative, clerical and support personnel while they are acting on your behalf.
  • Coverage includes life, accident and health, disability income activities as well as mutual funds, variable products, universal life, annuities and section 125, employee benefit plans, self-funded plans, managed health care organizations
  • First dollar defense costs are provided and are within the limits of liability
  • Provides coverage for any affiliated corporation, partnership or agency for their liability arising out of the individual insured's professional services

Liability Coverage Options

  • $1 Million per claim / $1 Million annual aggregate
  • $1 Million per claim / $2 Million annual aggregate

Deductibles

  • $1,000 deductible for Excellus BlueCross BlueShield product-related claims (damages only)
  • $2,500 deductible for Non Excellus BlueCross BlueShield product-related claims (damages only)

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT)

Program Underwriter

  • Your coverage is secured by BCS Insurance Company, an outstanding insurance company rated "A-" (Excellent) by A.M. Best.
  • California State License #0B44869, Louis E. Marinaccio

Premiums are prorated to allow for mid-policy enrollment.

Pricing includes a $25.00 administrative fee and $5.00 monthly processing fee for monthly payment option. Down payment includes one month's premium & administrative fees. Monthly deductions as shown above will begin the third business day of the month after enrollment.

Policy is subject to minimum earned premium equal to one month of premium. Administrative fees and minimum earned premium are non-refundable.

This policy renews on October 1st of each year.

Highlights
Pricing

Plan Highlights for Agencies

MGA Insurance Services is pleased to be your E&O administrator. If you have any questions regarding the policy or payment options, please call us toll-free at 866.389.0022.

Download Program Overview

Program Features

  • Guaranteed Issue - group preferred premiums
  • Prior acts coverage back to first date of continuous E&O coverage.
  • Coverage includes life, accident and health, disability income activities as well as mutual funds, variable products, universal life, annuities and section 125, employee benefit plans, self-funded plans, managed health care organizations
  • First dollar defense costs are provided and are within the limits of liability
  • Provides coverage for: the Insured agency; any owner, partner, executive, officer, director, stockholder or employee of the Insured agency, solely while acting within the scope of the person's duties as such; and any estate, heir, executor, administrator, assignee or legal representative of any Insured in the event of the Insured's death, incapacity or bankruptcy, but only to the extent that such person had coverage under the Policy.

Liability Coverage Options

  • $1 Million per claim / $1 Million annual aggregate
  • $1 Million per claim / $2 Million annual aggregate

Deductibles

  • $1,000 deductible for Excellus BlueCross BlueShield product-related claims (damages only)
  • $2,500 deductible for Non Excellus BlueCross BlueShield product-related claims (damages only)

Payment Options

  • Pay in full or choose monthly payments via credit card or electronic funds transfer (EFT)

Program Underwriter

  • Your coverage is secured by BCS Insurance Company, an outstanding insurance company rated "A-" (Excellent) by A.M. Best.
  • California State License #0B44869, Louis E. Marinaccio

Select your net agency income:






Premiums are prorated to allow for mid-policy enrollment.

This plan is a group plan which requires the applying agency to be appointed with Excellus BlueCross BlueShield as of the coverage date as well as at the time of submitted claim under the policy.

Premiums are prorated to allow for mid-policy enrollment. All enrollments must start on the first of the month. Premiums are based on coverage limits and the Net Agency Income (net commission and fee income for the previous 12 months); that is, commissions retained by your agency after payment of commissions to independent sub-producers writing through your agency.

To calculate the plan premium for your agency, select a desired coverage amount, an effective date and your agency's Net Agency Income for the previous 12 months. Plan pricing is shown as a single payment option and a down payment (1st Payment) and a monthly amount. Single payment options include a $25 administrative fee. Monthly payment options also include a $15 per month processing fee. Payment will be processed as soon as MGA has verified your agency's appointment with BCBS. Future monthly payments will be processed in advance on or around the 3rd business day of the month.

This policy renews on October 1st of each year.