Ryan Financial unveils expansion of broker E&O program

Managing general underwriter Ryan Financial Lines, part of Ryan Specialty Underwriting Managers, announced on Tuesday the expansion of its national insurance agents and brokers errors and omissions program to include an admitted product available in all states except Connecticut, New York, Alaska and Hawaii.

Ryan previously offered the program only on a nonadmitted basis, according to an email from a spokesperson.

The program is designed for property and casualty, personal lines, and life and health insurance agencies with annual revenues under $10 million.

Limits of up to $5 million / $5 million are available.

RFL acts as the program manager and claims are handled in-house.

Defense outside the limits and first-dollar defense are available to qualifying risks.

A $100,000 first-party, cyber sublimit, with privacy and security liability sublimits up to $1 million/ $1 million, is available to select insureds.

Products for Connecticut and New York are “coming soon,” according to RFL.