Errors & Omissions Insurance Coverage Highlights

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Error & Omissions Insurance Coverage Highlights for Participating Agents and Registered Representatives of the GOLDENCARE Agent Program.

For more information see the GOLDENCARE E&O Policy

Policy Period 2019-2020 
Insurer Continental Casualty Company
(a/an Admitted carrier rated A XV by A. M. Best), a member of the CNA Insurance Companies.
Policy Limits
(Applicable to Defense Costs & Damages)
Options available are:

$1,000,000 each claim and agent Aggregate
$20,000,000 Policy Aggregate


$2,000,000 each claim and agent Aggregate
$20,000,000 Policy Aggregate
(Applicable to Defense Costs & Damages)
$500 applies to an Agent/Rep named in a claim involving other products sponsored by GoldenCare.

$2,500 applies to an Agent/Rep named in a claim involving all other products.

$5,000 applies if the $2,000,000 limit of liability options are chosen for claims involving all non-GoldenCare sponsored products.
Eligibility/Enrollment Agents/Reps who are contracted with GoldenCare are qualified to enroll in this program for Errors & Omissions Insurance provided the Agent/Rep has not had any fee disputes with customers, disciplinary actions or suspensions by securities, insurance, or professional associations, claims, or license suspensions.
Agent/Rep Termination In the event that your agent contract with GoldenCareis terminated for reasons other than a disciplinary termination, a mini-extended reporting period (“tail”) will be provided for one year following the date of termination of your contract to cover your professional services prior to your termination date with GoldenCare(so long as you are not covered under any other policy). Agents terminated for disciplinary reasons are not eligible for extended reporting periods.
Extended Reporting Period (“tail” coverage) If you retire or become disabled and are no longer insured nor providing any professional services which would have been covered under this policy you will continue to be covered so long as this policy remains in place.


I. Coverage is on 'Claims Made & Reported' basis, which covers claims first presented to an Insured Agent/Rep and reported to the Insurer during the policy period.

II. Coverage extends to an Insured Agent/Rep business entity but only with respect to those operations of the business entity related to the covered Professional Services provided by an Insured Agent/Rep.

III. Coverage extends to licensed & unlicensed administrative staff for their activities in support of an Insured Agent/Rep, as long as they work solely in that capacity and do not produce or sell insurance or receive any commissions.

IV. Coverage for Prior Acts is provided back to the date the Insured Agent/Rep maintained continuous Errors & Omissions insurance coverage. However, the policy excludes any claim arising out of any Wrongful Act occurring prior to the inception date of the policy if the Insured knew or could have foreseen that such an act might be the basis of a claim or suit. Evidence of continuous Errors & Omissions insurance is required at the time an actual claim or incident is reported.

V. Coverage extends to the sale and/or servicing of individual and group Life, Accident & Health, Disability, Long Term Care Insurance, Employee Benefits Plans and Individual and Group Retirement Plans. Options are available to include coverage for Variable Products and Mutual Funds.

For more information see the GOLDENCARE E&O Program FAQs

To request a Certificate of Insurance please go to: Certificate Request 


Arthur J. Gallagher & Co. Insurance Brokers of California Inc. 
18201 Von Karman Ave 
Suite 200 
Irvine, CA 92612 

This outline provides general information on your Errors and Omissions Insurance Program. It is not intended to interpret the terms of the policy or to be legal advice, but rather summarizes our understanding of the coverage provided. It is not a part of the policy, nor does it modify or serve as a conclusive statement of its terms.