Lee & Mason Increases Limits on Insurance Agents’ Professional Liability

Lee & Mason Financial Services, Inc. has increased its limits for insurance agents’ errors and omissions coverage from $5 million to $10 million.

Insurance agents E&O coverage, with limits of up to $10 million, is available on either a primary or an excess basis, and minimum premiums generally start around $4,000 ($7,500 in Calif. and Texas). Coverage is available on an admitted basis in most states.

Lee & Mason partners with Freedom Specialty Insurance Co. for its agents E&O programs. Freedom Specialty is an A+XV rated New York-based specialty liability insurer. Lee & Mason operates as a full-service program administrator, handling underwriting, quoting and binding, policy issuance, premium collection and claim reporting.

Source: Lee & Mason Financial Services, Inc.