Receive quality coverage and discounts on errors & omissions (E&O) insurance
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One size definitely does not fit all when it comes to Errors & Omissions (E&O) insurance. As a TPA, you have distinct requirements for E&O coverage, as the risks and exposures your company faces are very specific to businesses dealing with financial transactions.
In partnership with Risk Strategies Company (RSC), NIPA members will receive a FREE professional review and analysis of your current program. Further, RSC will match up the best coverage form based on your individual exposure with focus on cost saving options for the firm.
|"For over 10 years, Acuff & Associations has partnered with Young Suk, now at Risk Strategies Company (RSC), and before at a prior firm to provide brokerage services and advice concerning all of our liability insurance coverages. We have found him to be professional, reliable and knowledgeable concerning our industry, the types of coverage we need, and the best competitive price with quality providers. His staff are courteous, timely and easy to work with each renewal. –Trina D. Gross, CEO, Acuff & Associates, Inc.
NIPA members receive a discount on this quality coverage, underwritten by several insurance companies with A.M. Best rating of "A-, VII" or better. The professional services covered include:
- Pension Actuaries
- Pension and Benefit Consultants
- Pension and Benefit Administrators
- Third Party Administrators
- Life & Health Insurance Agents (generally less than 25% of total billing)
Coverage will include the following important features with slight variation from carrier to carrier:
- Broad Form Professional Services Definition
- Fiduciary Duties and Responsibilities under ERISA
- Actuarial Services (Both Direct and Vicarious)
- Duty to Defend
- Worldwide Coverage Territory
- Technology Related Coverage
Further, RSC can provide other coverage in the growing areas of concern for TPAs. These include, but are not limited to, Cyber & Privacy Liability and Crime (Employee Dishonesty) Coverage for Client Property and Assets.
Send your request via e-mail to TPAProgram-NIPA@risk-strategies.com or call RSC at (949) 242-9228.