EmergIn Risk announces enhancements to insurance agents and brokers E&O program

EmergIn Risk | August 09, 2019

EmergIn Risk, part of the Ryan Specialty Group and a division of RSG Underwriting Managers, has announced an expansion of its professional liability program for insurance agents and brokers, [In]fuse. EmergIn Risk (formerly ThinkRisk) launched [In]fuse seven years ago to provide protection against the professional liability exposures faced by mid-sized and large US insurance agents and brokers. The enhanced product, [In]fuse 2.0, includes increased sub-limits for coverages including governmental and disciplinary proceedings, subpoena expenses, and time-off-work expenses for policyholders and their employees. Several exclusions have also been removed, including bad faith and the “insured v. insured” exclusion. The new policy form also offers a 70/30 consent to settle “hammer” and expands the definition of an insured, EmergIn Risk said.

Spotlight

One of the most paper intensive industries is insurance industry. There are endless forms to fill, copies of proofs to be preserved, and claims to deal with on regular basis. Under the circumstances, using simple word processors, insecure repository and emails or not adopting a streamlined process of document management can have serious negative consequences.

Spotlight

One of the most paper intensive industries is insurance industry. There are endless forms to fill, copies of proofs to be preserved, and claims to deal with on regular basis. Under the circumstances, using simple word processors, insecure repository and emails or not adopting a streamlined process of document management can have serious negative consequences.

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