Crump Announces Expanded E&O Coverage for Life Insurance Producers

ROSELAND, N.J., April 8, 2011 /PRNewswire/ -- Crump Insurance Services, Inc. (Crump P&C), the property & casualty division of Crump Group, Inc., the nation's largest insurance wholesaler, today announced a new Errors & Omissions solution for life insurance producers.  Offered through Five Star Professional, part of Crump P&C's professional programs unit, the Life Agents E&O Program protects individual agents and agencies and extends to newly licensed as well as newly independent agents.  

The program, underwritten through an A.M. Best A XV rated carrier, provides several added benefits yet costs the same or less than other E&O policies.  Some of these added benefits include coverage for sales of both fixed and variable annuities, and for property and casualty sales up to 10% of total production.  Another key program benefit is the ability to apply for and bind coverage - and pay premiums - completely online at www.5starlifeagents.com. There are additional exclusive benefits to Crump Life Insurance Services producers including premium discounts and a 50% deductible reduction on claims.  

"Crump is a leading provider of both life insurance and property & casualty products which gives us exceptional insight into the liability needs of producers.  These agents and brokers count on Crump for superior solutions for their insureds and we are pleased to be able to offer them additional peace of mind for their own business interests through this exceptional professional liability protection," said Wayne Carter, Executive Vice President of Crump Professional Programs.  

Life insurance producers looking for more information on this coverage may contact Barbara Vasili of the Five Star Life Agents Program at 312.855.2045 or [email protected].  Life insurance agents wishing to become contracted with Crump may visit www.crumplifeinsurance.com to sign up (https://www.crumplifeinsurance.com/Marketing/marketingContent.aspx?id=9598).

About Crump Insurance Services

Crump Insurance Services, Inc. (Crump P&C) is part of Crump Group, the nation's largest insurance wholesaler.  As the property & casualty insurance division of Crump Group, it is made up of Crump wholesale brokerage locations across the U.S. and in Bermuda, Five Star Specialty Programs, Target Insurance Services and Hanleigh Insurance.  Crump P&C is a market leading independent wholesale distributor of property and casualty insurance, linking an extensive network of retail brokers and agents to products provided through relationships with over 150 leading insurance carriers.  Crump P&C offers specialty underwriting capabilities, numerous in-house binding authorities, and supports the wholesale placement of a wide range of specialized commercial insurance solutions, including customized coverage for complex P&C risks.  Crump's experienced brokers serve as a single connection point for retail clients to access domestic and international insurance markets.  Acting as a program administrator for numerous P&C carriers, 5Star Specialty Programs and Target Insurance Services develop and provide specialty underwriting for commercial insurance programs – including transportation related risks, workers compensation solutions, professional liability, and more – matching insurance needs and market opportunities with the appropriate coverage.  Hanleigh Insurance creates, markets, and underwrites proprietary insurance products for highly compensated corporate, entertainment, and sports risks.  This includes underwriting for high limit disability, personal accident, special risk contingency, and other niche products.  Hanleigh provides solutions to some of the world's most successful individuals and organizations. Additional information is available at www.crumpins.com, www.5starsp.com, www.target-capital.com, and www.hanleighinsurance.com.

About Crump Group, Inc.

Crump Group, Inc. (www.crump.com) is the largest wholesale insurance distributor in the United States, and through its Ascensus division (www.ascensus.com) is the largest independent U. S. provider of recordkeeping and support services to company-sponsored retirement plans in the micro to large segments of the market.  Its Property & Casualty Insurance Services division (www.crumpins.com; www.5starsp.com, hanleighinsurance.com) is among the largest U. S. providers of wholesale brokerage and specialty programs to the commercial property and casualty insurance industry.  Crump Life Insurance Services (www.crumplifeinsurance.com) is among the largest wholesale distributors of services that support the sale of life related insurance and annuity products.

SOURCE Crump Insurance Services, Inc.