NU Online News Service, June 25, 11:30 a.m. – The St. Paul Companies Begins Offering Insurance Agents & Brokers Professional Liability Coverage to ICBA Members
The St. Paul Companies, St. Paul, Minn., announced today that it will begin offering professional liability coverage for insurance agents and brokers to members of the Independent Community Bankers of America effective immediately.
ICBA is an advocate for some 5,000 community banks with 17,000 locations nationwide, representing the industry before Congress, regulators and the media.
Insurance Agents and Brokers Professional Liability coverage will help protect a bank’s assets in the event liability issues arise, the company says. The coverage, which is available through the ICBA/St. Paul Insurance program, is open to life and health and property and casualty professionals.
It features limits of liability up to $30 million, the company says. The product covers the sale of mutual funds, annuities and variable life products that allow the purchaser to select various investment vehicles and cash out options, the company says. The product also provides coverage for personal injury and advertising injury and defense costs coverage in addition to the policy limits.