Commercial Umbrella

The Penn National Umbrella Program is written by agents for agents and offers our members a comprehensive commercial umbrella that includes coverage over E&O policies from a variety of carriers. This program provides the following features and benefits:

• Commercial Umbrella coverage built to automatically include Agents/Brokers E&O
• Marketed exclusively through producer associations
• Designed to accept agents and brokers with a broad range of producer activities
• Competitive pricing
• Up to $20M limits available
• Coverage for Agents/Brokers built to follow form over standard primary E&O policy coverages
• Minimum primary coverage required GL/BOP and Agents/Brokers E&O
• Coverage can include Employers Liability, excess Employee Benefits Liability & Mutual Fund of Variable Annuities coverage
• Options to include up to $5M Personal Umbrella limits for entity principals and up to $2M excess EPLI limits

Penn National Underwriting Requirements:

• Agency should be in business for more than three years. If less than three years, a resume of each partner, owner, and office should be provided, and the agency is not eligible for staff rating.
• The program does not drop and provide coverage in excess of sub-limits, unless specifically scheduled.
• Umbrella coverage does not extend to Fiduciary Liability, Directors and Officers Financial Investment Securities or Cyber Liability.
• Higher limits are required if defense is within the limits.

Get started with Penn National today! Complete the application below and email it to mdeoteam@bigimd.com once completed along with underlying declaration pages.