24 Note: If you previously were, or currently are involved in the sale and/or servicing of personal lines or commercial lines brokered business, it is recommended that you maintain the appropriate coverage level continuously and have it in place at the time a claim is reported. A separate retroactive date applies to both the brokered personal lines and commercial lines coverage extensions. See the policy at www.calsurance.com/farmersportal or contact CalSurance at 866.893.1023 if you have questions. Limits of Liability Options n $1,000,000 Each Claim/$2,000,000 Aggregate Each Agency or District Office.* n $2,000,000 Each Claim/$2,000,000 Aggregate Each Agency or District Office. n $3,000,000 Each Claim/$3,000,000 Aggregate Each Agency or District Office. n $4,000,000 Each Claim/$4,000,000 Aggregate Each Agency or District Office. n $5,000,000 Each Claim/$5,000,000 Aggregate Each Agency or District Office. * Life-only agents are offered the basic $1,000,000/$2,000,000 limits of liability unless higher limits were elected on January 1, 2011, and maintained continuously by the agent since that date. The policy includes sub-limits that may reduce the amount of coverage available for certain types of claims. See policy for the details. Claims Made and Reported The program offers claims made and reported E&O coverage; this means that you must report claims made against you during the policy period or an applicable Extended Reporting Period (ERP) in order for coverage to apply. If you are aware of any actual or potential E&O claims that you have not already reported to Lancer Claims Services, you must report the incident(s) as soon as practicable, but in no event more than sixty (60) days after the end of the policy period. Claims can be reported online at: http://www.lancerclaims.com/report-a-claim or by calling Lancer Claims at 800.821.0540. Deductibles Most claims reported have deductibles that apply to damages only. If the E&O carrier incurs expenses, but there is no loss payment, you will not be required to pay a deductible. The deductibles are: n $1,000 per claim on all business placed with or through Farmers Insurance Exchange, Truck Insurance Exchange, Fire Insurance Exchange, Farmers Services Insurance Agency, Farmers Financial Solutions, LLC, and Kraft Lake Insurance Agency, Inc. n $5,000 per claim on all other covered business. Proprietary 8-23
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