Axis Insurance Services places hard to place E&O risks

The professionals at Axis Insurance Services, LLC once again exceeded expectations. This month’s success stories include

Insurance Agents and Brokers E&O policy- this $30 insurance broker account had multiple claims including three claims that were in excess of $1M. This client was in trouble. We successfully structured a policy that included an increase in their retention an enhancement to coverages and without significant increase in premium. $200,000 in premium.

Commercial Crime Policy This third party administrator had two very large crime thefts. One by the bookkeeper and then subsequently by his own attorney. He could not find coverage anywhere. The Axis professionals were able to review new internal controls implemented and structure a policy that would take advantage of the new procedures. $8900 in premium.

Computer Gaming Company E&O This internet gaming company has over 40 million hits to their websites daily and distributes their software to multiple public companies. We were able to structure a policy that would protect against failure of the software to function and unauthorized disclosure of confidential information . $33,000 in premium.

Insurance Agents E&O This company also had multiple claims. The insured already had approached several brokers and no one could provide a solution. Our professionals were able place a new policy with higher limits for not much more than they were currently paying. $22,000 in premiums.

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