Insurance Life Health Agents Agencies

Life & Health Insurance Agents & Agencies

As a licensed health insurance agent, broker or consultant, you risk the possibility of a claim or lawsuit every time you perform your professional services. And even if you have some type of coverage in place, it may not adequately protect you.

That is why thousands of health insurance professionals have chosen to protect themselves by purchasing the Travelers 1st Choice+® for Insurance Professionals Program.

You can trust AMBA to custom-tailor an individual policy to meet your needs. AMBA has an outstanding reputation for offering superior products, quality services and expertise in the professional liability marketplace.

How it Works

FAQS

Expand All

Collapse All

What is covered?

Network and Information Security Offense Coverage:

Network and Information Security Offense Coverage is automatically included in the Travelers 1st Choice+® for Insurance Professionals Program, up to your available policy limit.

Network and Information Security Offense Coverage helps protect you if you are sued as a result of a network or information security breach.
Crisis Event Expense Coverage:

You will be reimbursed for Crisis Event Expenses up to $10,000 for each crisis event/$30,000 for all crisis events related to a network or security breach.
Who is covered under my policy?
- The person or entity listed in the Declarations;
- Past or present owners, partners in the Named Insured or Predecessor Firm;
- Past or present members of the board of managers, directors, executive officers, or shareholders of the Named Insured or Predecessor Firm;
- Past or present employees of the Named insured or Predecessor Firm; or
- Independent Contractors can be added individually by optional endorsement, provided that such person is or was acting within the scope of their duties on behalf of the Named Insured or Predecessor Firm.
Are prior acts covered?

Yes, with evidence of first date of continuous coverage.
What is the turnaround time for a quotation once I submit my application?

The average processing time runs approximately seven to ten business days.
Do I have to place all of my business with A-rated carriers?

You are not restricted under this policy on where you can place business. However, there is no coverage for claims arising out of insolvency for carriers rated less than A- by A.M. Best at the time of placement.
How is Property & Casualty coverage handled in the Program?

The Travelers 1st Choice+® for Insurance Professionals Program will consider P&C coverage.