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I have been asked to find an occurrence based E&O policy for the broker I work for. Even with a refined Google search I seem to be finding only claims-based products. Is occurrence-based E&O offered for insurance agents or brokers? By whom?
Sorry, no such animal. I don't think there is any professional liability written on an occurrence basis. If such a policy form exists for agents, I'd be all over it. In fact, I could make some serious bank selling it.
Thank you for responding.
If a broker wants to sell a particular product and buys claims-based insurance, does he have to continue renewing the policy the rest of his life even if for a while he decides not to sell that product?