If you are an agent in any of the states where the PIA Agents Umbrella Program through Penn National is offered, we are pleased to announce that Penn National Insurance company has lowered its minimum requirements for underlying E&O coverage.
 
The new minimum requirements are:

• 1M/1M minimum for agencies with gross commission income less than $500,000
• 1M/2M minimum for agencies with gross commission income between $500,000 and $1,000,000
• 1M/3M minimum for agencies with gross commission income between $1,000,000 and $1,500,000
• 2M/4M minimum for agencies with gross commission income between $1,500,000 and $3,000,000

This change will make it possible for many additional PIA Member agencies to take advantage of this cost-saving and coverage enhancing program.

PIA and Penn National Insurance are proud to offer the most comprehensive and affordable excess insurance protection available, packaged into this one, easy-to-manage policy. The PIA Agents Umbrella Program through Penn National  is offered in the following states: AL, AR, DE, FL, GA, IN, KS, KY, MA, MD, MO, MS, NC, NJ, NY, OH, PA, RI, SC, TN, TX, VA and WV.

For more information contact Anelda Peters aneldape@pianet.org at 800-742-6900, ext. 382, contact your PIA state association or visit the PIA Main Street Store.

June 1, 2005