Proprietary 8-23 26 Newly Appointed Agents New agents will be automatically enrolled in the Farmerssponsored group E&O program with coverage Level 1 and limits of liability for $1,000,000 each claim or $2,000,000 aggregate each agency. Coverage Level 1 does not include coverage for brokered personal lines or commercial lines P&C business. This default enrollment can be changed online at www.farmersagentsbenefits.com. Extended Reporting Periods (ERPs) Agents and DMs are covered by the group E&O program for certain acts, errors, omissions, and Personal Injuries that occur while under contract with Farmers entities. Coverage under the policy ends on the date your contract terminates. However, the policy provides an automatic, unlimited Extended Reporting Period following the termination of your contract to report any claim involving Farmers products as long as: n The act, error, omission, or Personal injury occurred prior to your Agency Appointment Agreement termination date; n There is no other valid insurance available to pay the claim; n The claim is otherwise covered by the policy; and n Y our Agency Appointment Agreement was not terminated for cause. The policy also provides an automatic Extended Reporting Period for ninety (90) days for claims involving non-Farmers products and services. Agents between the ages of 55-64 with 5 years of full-time appointment, or agents who are 65 or older at the time of contract separation, will receive a two-year automatic Extended Reporting Period for claims involving products and services of nonFarmers insurance companies. Options to extend the automatic ERP period for three years, five years, or an unlimited period of time are available for an additional premium and must be purchased within sixty (60) days of termination. Please note that an agent whose contract was terminated for “cause” will not be permitted to purchase an additional ERP. Enrollment, coverage levels & limits changes Changes to your enrollment, limits of liability, or coverage level are allowed during the Annual Enrollment period. All changes made during this enrollment period will be effective as of 1/1/2024. An increase to your limits of liability may be allowed mid-term if you have recently hired an agency producer or you have a contractual obligation to carry higher limits. An increase to your coverage level may be allowed mid-term if you contract with a new carrier to sell personal or commercial lines brokered business. If you wish to make a mid-term change, you will need to complete a separate form and sign a warranty statement to signify that you are not aware of any outstanding claims. Contact CalSurance for this documentation at 866.893.1023. Please note that all mid-term changes are allowed at the discretion of Arch Insurance Company (or Arch Specialty Insurance Company for New York agents). Need Additional Information? Visit: www.farmersagentsbenefits.com and follow the prompts. This site will give you access to your certificate, program documents, and the policy. In addition, there are a number of loss prevention resources available. New loss prevention lessons are delivered to your farmersagent.com email address on a monthly basis around the 15th of each month. For additional questions, contact CalSurance using one of the methods below: Phone: 866.893.1023 Fax: 866.893.1198 Email: farmers@calsurance.com
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