THE CURRENT POLICY YEAR
For the 2021-2022 policy term beginning on April 1, Ohio National has selected Mercer Consumer, a service of Mercer Health & Benefits Administration LLC, as the Plan Administrator of your E&O coverage. Continental Casualty Company, a member company of CNA Financial Corporation, is the underwriter for your E&O coverage.
Privacy Protection Endorsement — Subject to a $5,000 retention, your policy provides an aggregate limit of liability of $100,000 for the following: privacy Injury Liability, $100,000 each claim; Privacy Regulation Proceeding, $100,000 each claim; and Privacy Event Expenses, $25,000 each claim.
Wire Transfer Claim Endorsement — Your policy provides coverage regarding the transfer of client funds requested by communications received via electronic, fax, phone or written instruction. Coverage is subject to a sublimit of $150,000 per Wire Transfer Claim/$150,000 for each Insured and retention of $5,000 for each Wire Transfer Claim.
Expanded Tail Coverage — You may be eligible for a full year of tail coverage after termination of your contract with Ohio National. Additionally, you may be eligible to purchase optional, unlimited tail coverage within 90 days of your contract termination date. This applies to wrongful acts committed after your prior acts date and prior to your termination with Ohio National.
Costs of Corrections Coverage — Subject to the policy’s terms and conditions, you can receive coverage for mechanical, computer or human errors in processing transactions.
Outside RIA Coverage (Available to ONESCO Representatives Only) — Subject to underlying coverage requirements, coverage will be provided for Outside Registered Investment Advisor claims.
No Processing Fees — You shouldn’t have to pay for the convenience of paying by bank draft.
Expanded Payment Options — You can pay by credit card or electronic funds transfer on the website.
Amend Definition of Prior Acts Endorsement — Provides continuous prior acts coverage if the Agent’s/Representative’s Ohio National contract is reinstated within 90 days for any reason other than disciplinary reasons.
Insured’s Reimbursement of Expenses Endorsement — Subject to a sub-limit of $250 per day/$2,500 aggregate per Insured. Defense costs shall include the reimbursement of travel expenses of an Agent, General Agent or Registered Representative’s attendance at trials, depositions, mediations or arbitrations in support of a covered claim.
Pre-Claim Assistance Endorsement — Subject to a sublimit of $10,000 each potential claim.
Only Agents/Representatives holding an active contract with Ohio National or its subsidiaries are eligible for this E&O coverage.
Calculate your pro-rata daily E&O premium by clicking the ‘Daily Premium Calculator’ button below.
Why You Need Your Own Insurance Coverage
If you are employed and your employer provides professional liability insurance, the questions you need to ask yourself are:
You can’t rely alone on the liability protection provided by your employer. In fact, your association recommends that you purchase your own professional liability coverage even if you have limited coverage through your employer. Without your own professional liability protection, you could end up paying all attorney fees, court costs and loss of wages out of your own pocket.
To help make it easier for you to obtain individual coverage, your association sponsors a Professional Liability Insurance Plan designed just for members. Because your association understands your needs, you can be sure that this plan will give you the protection you need.
Plus, applying for your association sponsored Professional Liability Insurance Plan is convenient! Visit Proliability.com to get a no-obligation, instant quote and apply for binding coverage. Why wait? Apply Now!
Answers about the plan, including eligibility, options, enrollment, customer service and more.
What is Professional Liability insurance?
Doesn’t my employer provide me with Professional Liability coverage?
While many employers (not all) will provide some professional liability coverage, chances are that coverage may have some serious gaps, including:
What would having a personal Professional Liability Insurance Plan give me?
In the event of a lawsuit, your own Professional Liability Insurance policy would:
Why should I consider an individual Professional Liability Insurance Plan from Mercer Consumer?
How do I apply?
Am I eligible to purchase my medical professional liability with installments?
PROFESSIONAL SERVICES INCLUDES*:
Life Agent (All Companies)
Sales and/or servicing of:
Life Agent Plus Mutual Funds & Variable Products (Available to ONESCO Representatives Only — Additional Premium Applies)
All of the above plus:
Life Agent Plus Financial Products (Available to ONESCO Representatives Only — Additional Premium Applies)
All of the above plus: Other securities offered through ONESCO, including, but not limited to:
*This program is underwritten by Continental Casualty Company(One of the CNA companies). Plan highlights are subject to policy terms and conditions.
We're here to help! Please contact us in whatever manner is most convenient for you.
12421 Meredith Drive
Urbandale, IA 50398
| Mailing Address
P.O. Box 310179
Des Moines, IA 50331-0179
| Business Hours
8am to 5pm (CT), Monday – Friday
Continental Casualty Co.,
one of the CNA companies
The policy is a claims-made and reported policy.
CNA – Claims Reporting
PO Box 8317
Chicago, Illinois 60680-8317
When applying during the policy term, April 1, 2021 through March 31, 2022, use the calculator below to determine your pro-rata premium based on the desired effective date of your coverage.
If assistance is needed to calculate a daily pro-rata premium between February 1 – March 31 of the current policy term, please contact our service center at 1-800-627-5538, 8am to 5pm (CT), Monday – Friday.
Effective Date of Coverage
Your coverage is effective per the following rules:
|Coverage Status||Effective Date Rules|
|Enrolling for the first time with no prior coverage.||Your coverage is effective as of the date you enroll in the ONL program.|
|Replacing existing coverage||Your new coverage is effective as of the expiration date of your existing coverage, as long as you enroll in the ONL plan prior to your expiration date.
If you enroll after your expiration date, your coverage will be effective as of the date you enroll in the ONL program.
*Other exclusions may apply.
Answers about the plan, including eligibility, options, enrollment, customer service and more.
How are Prior Acts addressed?
Coverage is on a "Claims Made and Reported" basis. Claims must be made against you and reported to CNA in writing during the Policy Period for the coverage to be triggered. "Prior Acts" coverage is provided as long as this requirement is satisfied and in addition:
Will I be covered for life and health companies I do business with outside of Ohio National?
Yes, as long as the act, error or omission or Personal Injury occurred after the prior acts date. However, be aware that the deductible for outside covered products is $1,500 each claim.
Is the sale and/or servicing of property/casualty products covered?
Is there coverage for losses arising out of terrorism?
What if my contract with Ohio National is terminated during the policy period?
Your insurance coverage ends on your contract termination date. You may be eligible for a full year of tail coverage after termination of your contract with Ohio National. Additionally, you may be eligible to purchase optional, unlimited tail coverage within 90 days of your contract termination date. This applies to wrongful acts committed after your prior acts date and prior to your termination with Ohio National. To determine your eligibility for the extended reporting period and/or obtain pricing for the unlimited tail coverage, please call Mercer Consumer’s service center at 1-800-627-5538, Monday-Friday, 8am-5pm (CT).
I currently have E&O coverage elsewhere. What should I do prior to my enrollment in this E&O program about incidents of which I am aware that could give rise to a claim?
Most E&O policies include an "Awareness Provision" similar to that described below. Therefore, we strongly suggest that you report any incident which you feel could give rise to an E&O claim to your current carrier. Failure to do so could leave you without coverage for such claims if it is discovered that you had knowledge of such an incident prior to your enrollment in this E&O Program.
What is a claim, and what does "Claims Made and Reported" mean?
A "Claim" is any verbal or written demand for payment or restitution, a Claim is "made" when the Insured first learns of it, a Claim is "reported" by giving written notice of it to CNA. A Claim must be "made and reported" during the Policy Period. The policy requires that written notice of claims be provided as soon as practicable during the Policy Period.
For your protection, the policy also includes an "Awareness Provision." This allows you to provide written notice of circumstances that could reasonably be expected to give rise to a claim. Then if a claim subsequently arises out of the described circumstances, it will be considered to be a claim during the Policy Period in which the written notice was received. Responsibility for such claims will rest with the carrier affording coverage during that Policy Period regardless of any future change in carrier.
How do I report a claim?
One or more of the CNA companies provide the products and/or services described. The information is intended to present a general overview for illustrative purposes only. It is not intended to constitute a binding contract. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products and services may not be available in all states and may be subject to change without notice. “CNA" is a registered trademark of CNA Financial Corporation. Certain CNA Financial Corporation subsidiaries use the "CNA" service mark in connection with insurance underwriting and claims activities.
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