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4. Utica
covers Defense costs OUTSIDE the limit and your defense costs
AND claim cost are WITHIN your policy limit. Defense is OUTSIDE
the limit does not erode policy limits by payment of expense.
Does your E&O policy have this?
5. Utica
covers Expert Witness (ever been called to testify as Expert
Witness), Instructor of Insurance Practices ( ever been called
to lead a Class on an Insurance Subject?)
6. Worldwide
Coverage in a Global Economy-Utica's E&O policy will respond
anywhere in the World. Do any of your clients have foreign
operations, purchase products or services outside the USA? Does
your E&O policy have this Worldwide Coverage?
7. Extended
Reporting Period (ERP) or Tail coverage-Utica has up to 10 year
ERP. Your E&O may only have 3 years!
8. Utica now
offers a diminishing deductible up to 50% total reduction for
Claims free years.
9. Utica can
add Employee Practices Liability Insurance (EPLI). If you don't
have EPLI, you should add the coverage to your BOP/GL/E&O. Don't
leave the office without EPLI.
10.
Utica has been writing E&O since 1966 and any Utica agent can
call their Utica underwriter or claims representative to ask a
question anytime. Does your current E&O company do that? |
