Exclusive E&O Insurance for CareValue Agents Available

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Aug 02, 2018, 09:00 ET

CANANDAIGUA, N.Y., Aug. 2, 2018 /PRNewswire/ -- Care Value Inc. ("CareValue"), a Field Marketing Organization ("FMO"), has partnered with 360 Coverage Pros to offer an Errors and Omissions ("E&O") program exclusively for CareValue agents.

Designed to meet the professional liability needs of both independent agents as well as CareValue agencies, this E&O program features competitive rates and comprehensive coverage options. The policy is a duty to defend contract underwritten by CNA Insurance Company, rated A (Excellent) XV by A.M. Best.

"The CareValue E&O program streamlines the E&O process specifically for Medicare agents looking for a simplified underwriting application, monthly online payment options and immediate proof of insurance," states Jason Rogers, head of business development for 360 Coverage Pros. "The program's $395 starting rate is very competitive and from a coverage perspective, the CareValue E&O program has many additional policy enhancements including coverage for Medicare Advantage, Medicare Supplement, Part D, and the ability to add mutual fund and variable product coverage. We are excited to introduce this to CareValue agents and feel we have delivered a well-rounded E&O product offering."

"As the Medicare industry continues to evolve and grow, there is no question that proactively managing a firm's risk exposure is key. E&O insurance has become a critical tool for every firm's compliance and regulatory practice management. We felt that offering our agents an integrated E&O solution was an important value-added benefit," said Sarah Ficarro, compliance officer and general counsel at CareValue. "We are excited to partner with 360 Coverage Pros to provide our agents access to a well-versed E&O insurance expert. We are looking forward to not only launching this E&O program but also adding additional agent resources in the coming months."

Program features include:

Duty to defend contract
Coverage for both independent agents as well as agency owners
Premiums starting as low as $395
Coverage extensions for clerical and administrative staff
Multiple limit and coverage options
Add Life Insurance coverage at no additional cost
Flexible payment options

Learn more about this program by visiting https://www.360coveragepros.com/carevalue/errors-and-omissions.

360 Coverage Pros is administered by Gallagher, a global insurance brokerage, risk management and consulting services firm. Founded in 1927, Gallagher has operations in 33 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.

CareValue is a national Field Marketing Organization for Senior Insurance Products. Agents affiliated with CareValue produced more than 10,000 Medicare Advantage and Medicare Part D enrollments during the 2018 Annual Enrollment Period from Oct. 15 through Dec. 7, 2017. With more than 20 employees and 2,000 actively appointed agents, CareValue solves the distribution needs of more than 50 insurance companies.

Amanda Raymond
855-888-8326
[email protected]

Related Files

CareValue-E-and-O-Insurance-Program.pdf

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SOURCE Care Value Inc.