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What is Miscellaneous Professional Liability Insurance?

By: Michelle Hovis | Posten on: Jan 21, 2015 3:09:00 PM

Lawsuits can happen to any business,
no matter how many steps you have in place to avoid it.


An error, omission, or misrepresentation of service(s) can put your business in jeopardy for a lawsuit. Even not meeting contractual deadlines can have dire consequences. Having professional liability insurance can help protect you from a costly mistake by providing legal and monetary coverage, thus making sure your business stays your business. 


  • Even a small lawsuit can bankrupt a business
  • Professional liability insures that your legal needs are met for the insured service(s) provided
  • Small price to pay for a piece of mind
  • fulfills contractual requirements

 MPL Application

Could your business benefit from Miscellaneous Professional Liability Insurance? If so, contact Stuckey & Company for your business insurance needs. 


Topics: Miscellaneous Professional Liability, professional liability, MPL, IT E&O, mga insurance, errors and omissions, lawsuit

Streamling Professional Liability for the Technology Industry.

By: dwight stuckey | Posten on: Sep 11, 2013 10:52:00 AM

safetytek highres2

The new SafetyTek process simplifies Quoting, Billing and the Renewals Process.

As Technology continues to grow and strengthen as a major differentiator for main street businesses, SafetyTek remains a leading insurance program to manage the industry risks.  SafetyTek  provides professional liability to a wide array of technology centric classes from Mobile Application Development to Financial Funds Transfer.  Now, the SafetyTek Program’s streamlined underwriting process simplifies Quoting, Billing and Renewals.


For 18 years, Stuckey & Company has managed the Technology Insurance Program for ACE USA, rated A + XV by AM Best.  Over the 18 years we have introduced many changes, including:  an nationwide admitted product, increased coverage to a Multiple Insuring Agreement, combined multiple coverages into one “SafetyTek Endorsement” providing more savings, and now we are introducing online credit card payments and automatic renewals.


Secure, online credit card payments are now used on over 70% of our business offering a new level of simplicity for our agents and their insured’s.  Each quote that is generated out of our system includes a secure credit card payment link.  When clicked our customers are shown the coverage and payment option they have selected and given the ability to immediately process the online payment, all secured by authorize.net and Network Solutions.


Automatic Renewals will begin with coverage renewal dates of January 1, 2014.  With automatic renewals qualifying SafetyTek customers will not be required to complete a new application on the anniversary date of the coverage.   Instead, the agent will receive emailed notification of coverage renewal detailing policy terms and instructions on how to process payment.


Dwight Stuckey, President and CEO of Stuckey & Company, says he is proud to be one of a very limited number of companies offering this forward-thinking insurance process. “The SafetyTek Program is helping to support the people, companies and innovation that drive the technology industry,” he says. “From the critical R&D companies looking at next generation technologies to the next mobile application designed for our always on, anywhere connection to the world”


The SafetyTek Program is available to licensed agents who register with Stuckey & Company as a licensed agent. (Agents can register online at http://www.stuckey.com/forms/register_agency.php.) Stuckey & Company has in-house binding authority on all lines that qualify, and offers quick turnaround on quotes, generally within 48 hours. The program is licensed in all 48 mainland states. For more information, visit http://www.stuckey.com/safetytek/technology/technology-insurance.php.


About Stuckey and Company

Stuckey & Company is a specialty insurance provider based in Lake St. Louis, Missouri. For 22 years, Stuckey has offered commercial, professional and personal lines of insurance. Stuckey & Company’s network of more than 8,500 licensed agents has the knowledge and experience in dealing with specific coverage not typically covered under standard policies. As one of the fastest-growing specialty insurance providers in the U.S., Stuckey & Company offers E&O coverage to over 150 classes in sectors that include technology and IT consulting, accounting and financial services, government services, media, laboratories and education. In addition to Stuckey & Company’s Tek Division, the company offers professional liability insurance to Architects and Engineers through the Aspire A&E Insurance Program. For information on the SafetyTek Insurance Program from Stuckey & Company, call Maggie Hammett at 1-800-828-3452 x 21.


Topics: mga, safetytek, it insurance, TECHNOLOGY, technology E&O, data loss insurance, data loss risk, mga insurance, IT E&O, technology insurance, professional liability, commercial lines insurance, cyber liability insurance, Stuckey & Company, TECHNOLOGY

Tips on Selling Accountant Professional Liability

By: Elizabeth Sedlock | Posten on: Mar 8, 2012 9:17:00 AM

Uh-Oh!  Tax Season is upon us. 

Are your accountant and bookkeeper clients covered?

The holiday season ended a few months ago, and now Americans are heading into a new season – one that can be just as stressful and potentially more costly – yes that’s right, welcome to tax season.  Now is the time we push our burdensome taxes off on others to process, fully expecting them to do an accurate and thorough job while we *hopefully* reap the benefits of a nice tax return.  But .. what if they make a mistake?  What if we forget to give them some vital information and receive an audit that costs a substantial amount of money? 

The truth is that while we expect everything to go smoothly when using the services of an accountant, it is important to remember that we are all human, and we all make mistakes.  Accountants are not exempt from fallibility and it is vital to their professional survival that the proper coverage is in place to ensure not only their protection, but that of their clients.

There are literally thousands of suits brought every year against tax preparers and bookkeepers.  While this may seem ‘normal’ in today’s litigious society, and compared to other Stuckey Accounting Insuranceprofessions it is not an extremely high number, you need to keep in mind that the tax audit standards are CONSTANTLY changing.  Sure we all rely on ‘our people’ but even the most knowledgeable person is fallible and mistakes will happen.

The staggering number of suits each year serves to validate that accountants have a lot to worry about.  They can be held responsible for any miscalculation which was the result of a client’s audit.  What if the tax preparer accidentally overlooked some financial information? – They would be at fault! – How would a mistake like this impact their operation?  These are some scary thoughts to both the accountant and the client, and that’s why a quality professional liability policy is a great solution.

So why buy a professional liability policy?  Generally speaking, most errors & omissions policies will cover a judgment, settlement and defense costs (even the frivolous ones).  Stuckey & Company has access to carriers with ‘admitted’ products in most of the continental United States.  These quality products, from reputable carriers in good standings, may include coverage enhancements such as: pre-claim assistance, broad definitions of services, expense reimbursements, settlement provisions, spousal and domestic partner coverage – and much much more!

Let us help you cover your clients!  We will make it happen! 

Email Chris@stuckey.com for more information or download our app here: Accountant Professional Liability Insurance Application.

“DID YOU KNOW??” A tax professional can be held responsible for any IRS-assessed penalties and interest the client was charged during an audit!!

“REMEMBER” Even if a client neglects to give all vital information to the accountant, and files a frivolous suit, the accountant could rack up some serious legal costs just to fight or defend it!!

Key Point : A minor mistake by an accountant can lead to huge problems and financial burdens on the client.  Knowing that just one claim against an insufficiently insured professional could ruin them, it is vital to address their coverage needs.



Topics: Stuckey & Company, mga, Miscellaneous Professional Liability, Stuckey & Co., mga insurance, MPL

MGA Market Strong, According to Guy Carpenter Survey

By: Elizabeth Sedlock | Posten on: Mar 6, 2012 8:26:00 AM

Guy Carpenter released the results from their Seventh Annual Specialty Program Issuing Carrier Survey (2011) and the news was positive.  The MGA market is still strong and the majority of insurers in the space believe the segment will continue to grow over the next few years.

According to the survey, "Fifty-one percent of respondents believe this segment will grow, while only 8 percent see it shrinking. These perceptions may be a result of the fact that 36 percent of the respondents are experiencing a greater number of new business opportunities in their pipelines, while 43 percent are holding steady year over year."

In addition, the survey presented some clear findings about the changing appetites in the market.  Specifically, the personal lines insurance market appetite has remained about the same while the commercial lines insurance market appetite is steadily growing.

To read the press release about the survey, visit Guy Carpenter's Press Room.


Topics: speciality insurance, Stuckey & Company, mga, specialty insurance, Stuckey & Co., mga insurance, professional liability, insurance wholesaler

4 Reasons to Partner with an MGA

By: Elizabeth Sedlock | Posten on: Feb 10, 2012 3:43:00 PM
Being an insurance agent is hard enough without adding the pressure of finding new markets and trying to place specialty business.  As a retail agent, you can’t specialize in EVERYTHING.  That is where a managing general agent (MGA) comes in. 
  1. Knowledge.  MGAs usually specialize in certain markets and have vast knowledge about carriers and appetites.  Insurance underwriting is complex and the knowledge an MGA can bring to the table is invaluable, especially when placing business that the general marketStuckey Specialty Insurance does not regularly write. 
  2. Customer Service.  MGAs pride themselves on having an underwriter available to speak to you any time.  The more complex the business, the more critical it is to have immediate access to your underwriter.
  3. Multiple Carriers.  The majority of MGAs have relationships with many mainstream and specialized carriers.  The underwriters understand appetites and products from all the carriers, allowing them to give you products that are right for your clients.
  4. Less Paperwork.  How much time do you (or your agency) spend on answering questions and sending information on endorsements?  Imagine if that time were spent selling.  An MGA has dedicated staff to handle the policy changes and endorsements that can so easily clog up your inbox.
Look for an MGA with a proven track record, strong carrier relationships and binding authority.  Once you partner with an MGA, you can bind more business and offer your clients superior choices for coverage.

Topics: Stuckey & Company, mga, mga insurance, insurance wholesaler

What's New in Workers Compensation Insurance?

By: Elizabeth Sedlock | Posten on: Feb 3, 2012 9:21:00 AM

Workers compensation is a hot button right now in the insurance industry.  So many carriers are actively marketing workers comp and want to gain traction by offering new incentives.  That makes this a GREAT time for your clients to reassess their workers comp policies. 

So, what’s the latest?  Most carriers now offer some type of “pay as you go” program for workers compensation insurance.  This might not sound that exciting but it is, in fact, a good way to reel in new workers comp business.  Why?  Because cash is king and “pay as you go” programs free up cash flow for your clients. 

Lawn Care Company

Prior to this new development, workers comp was paid based on an upfront annual assessment of employee count and a 25% down payment.  If your client is a seasonal employer, like a lawn care company or a summer resort, the calculation could be based on speculation and, since the payments are equal, the client could be paying high premiums with very few actual employees.  The “pay as you go” option gives these clients a way to pay on actual payroll numbers every month, which saves time and frees up cash when employee count is down. 

Hartford is currently pushing the new XactPAY program while CNA also has a similar “pay as you go” option.  You can take a look at the carriers Stuckey has access to here.

Now is the time to talk to your seasonal clients (before summer) and offer them this new way to pay.

Topics: Blog, specialty insurance, office insurance, corporate insurance, mga insurance, workers comp, workers compensation

January 2012 Agent Alert - Stuckey & Company

By: Elizabeth Sedlock | Posten on: Jan 31, 2012 10:10:00 AM
Stuckey Agent Alert
Safety TekAspire A&EHarbor GuardMPLElementServicerProPersonalCommercial

Improve Your SEO: Write a Blog

As you know, improving your SEO is important for every business.  Visilibity is the key to increasing sales and growing your agency's reputation.  Writing a blog and gaining new inbound links to your site can make a huge difference to your overall SEO.

Meanwhile, Stuckey & Company is interested in helping educate the market and needs experts to write about agency issues, demands and experiences.  That is why we would like to invite you, our agents, to contribute to our blog.  For every article you write, we will post to our blog and provide a direct link to your website.  Likewise, we would love for you to link to our blog and our corporate site.

Here's the kicker: we'll pay you a modest marketing fee for each article we use! Contact Elizabeth Sedlock to get started today.

New People to Help You in 2012  

Andrew Wischmeyer

Position: MPL Underwriter  

Andrew Wischmeyer - MPL UnderwriterResponsibilities: Quote and underwrite MPL lines of business

Joined Stuckey & Co.: January 2012

Interesting Fact: Holds both private and instrument pilots licenses

Contact Information: andrew@stuckey.com, (800) 828-3452 *28

April Moore

Position: Endorsements

Responsibilities: Policy service to include endorsement processing

April Moore - EndorsementsJoined Stuckey & Co.: December 2011

Previous Experience: Marketing Coordinator from 2007-2011. @ KnowledgeLake, Inc. Specialized in Enterprise Content Management (Document Imaging & Capture)

Interesting Fact: Shoots competitively with a .45 ACP hand gun. (sport)

Contact Information: april@stuckey.com, (800) 828-3452 *19

SafetyTek Accepts Credit Cards

Offer Your Insureds Easy, Free Credit Card Payment Option!

We know that our success depends on yours. That is why we continue to offer you new ways to service your insureds, like the SafetyTek technology E&O liability insurance program's new credit card payment option.

There are no fees and credit cards are processed electronically using the authorize.net payment processing system.

To customize the payment page for your agency, email Maggie Hammett the following:

  • A copy of your agency logo.
  • Your customer service phone number.
  • Your customer service email address.

Find out more about the SafetyTek credit card page.

START QUOTING NOW! For applications and forms, click here.

What is Data Breach?

Now Offer Your Small Business Customers This Specialized Coverage

What is data breach?  According to GAO, "data breach generally refers to an organization’s unauthorized or unintentional exposure, disclosure, or loss of sensitive personal information, which can include personally identifiable information (PII) such as Social Security numbers (SSN) or financial information such as credit card numbers"

Today, more and more businesses are storing and electronically sending sensitive data about their customers and employees.  In additon, there are more and more regulations requiring businesses to advise customers and employees if personal information has been revealed.  That makes data breach a serious issue for small businesses, where the majority of breaches have been reported.

Data breach can occur as simply as an employee losing a laptop.  Depending on the amount of PII on the laptop, a small accident can cost a business more than $20,000 in data breach alone.  Just last week, Zappos announced that personal information for close to 24 million customers might ahve been compromised by a hacker.  Imagine the cost of the same breach to a small business!

Find out more about helping protect your small business clients from data breach exposure and other cyberliablity risks.

 Contact Kyle Dallavis to learn more.

Inside This Issue

Improve Your SEO: Write a Blogdiv
New People to Help Youdiv
SafetyTek Accepts Credit Cards
div  What is Data Breach?div



Top Tips

Did you know?

1. Commercial general liability does NOT cover technology E&O libability.  Your clients in the technology industry need both.  SafetyTek is a great option to examine.

2. The average homeowner's policy liability limit is $500,000.  Is that enough to cover major accidents for your high net worth clients?  Probably not.  Look into umbrella policies as a way to offer higher limits (up to $50 million in some cases).

3. There are more than 300 hazard classes covered under miscellaneous professional liability (MPL).  The top 5 most requested classes are:

-Mgmt. Consultants


-Medical Billing, Coding, Transcription


-Animal Services (training, kenneling, grooming, etc.)



"Thank you for the fine, fast work you did on this new account, I can always count on Stuckey to do a good job for me."

-- Jerry Freis, Hatcher Insurance Inc.




Partner LogosMaking it Happen

Topics: affinity insurance program, Stuckey & Company, stuckey and company, mga, it insurance, Miscellaneous Professional Liability, Management Liability, TECHNOLOGY, TECHNOLOGY, technology E&O, Stuckey, Stuckey & Co., stuckey and company, Stuckey and Co., mga insurance, IT E&O, technology insurance, agent alert

You Need Coverage Too! A Primer on Insurance Agent E&O

By: Elizabeth Sedlock | Posten on: Jan 27, 2012 8:37:00 AM

You’ve all heard of E&O insurance.  Some of you sell it to your clients.  Most of you are probably required to carry it.  It is important to make sure you know what you are getting when it comes to E&O for insurance producers, whether it be your own, or for a client.  Insurance Agent E&OEven the most thorough and diligent individual can make a mistake or be accused of such. 

Proper coverage helps to protect you and your clients as well as your own operation.  Defense costs are included for you while providing monetary reimbursement to any wrongful error or omission. 

Even if a situation progresses to the point of litigation (and maybe it is dismissed at some point), the defense costs can add up quickly.   It is important to consider how one costly incident can affect your operation and whether the company can sustain it to continue services. 

To be an effective insurance agent, you must have an understanding of many insurance products, including your own, to deliver the best service to your clients.  Service sells in this industry, and the better protected and educated you are as an agent, the better protected and educated your clients become.  If a mistake is made (or an accusation of), you essentially become the insurer in the eyes of your client.  Common claims arise from accusations of negligence, breach of contract, non-disclosures, etc.. and this is why insurance agents are a lightning rod for E&O claims to their own policies.  Protection is pivotal. 

DID YOU KNOW? :  Insurance agents E&O is written on specialty form product lines which clearly address the unique exposures facing an insurance professional, much like that of a doctor, lawyer or architect.

DON’T FORGET:  Financial planning activities require additional underwriting and special endorsements in many cases.  If you are shopping coverage, remember to identify all relevant lines of your book to ensure proper protection in the event of a loss.

FUN FACT:  Insurance salespeople are continually rated near the bottom of the list when polls of ‘hated professionals’ are conducted.   Typically they are surrounded by lawyers, used car salesman, and IRS auditors in that category.   Providing exceptional service, arming yourself with product knowledge, and having the best interests of your clients in mind can help change this public perception.  Proper E&O is a part of the equation.   



Topics: insurance claim, mga, Miscellaneous Professional Liability, mga insurance, professional E&O, professional liability

Mid-West Marina Insurance – 4 Things to Consider

By: dwight stuckey | Posten on: Jan 6, 2012 1:42:00 PM

untitled resized 600

Right now, marina and boatyards in the Mid-West (Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin) might be having trouble finding insurance coverage that meets all their needs.  With the huge surge in tornado claims in 2011, many carriers have either stopped offering coverage in the Mid-West or raised the deductibles to upwards of $100,000.  So, where does that leave your customers?  One thing to make sure you do when quoting this type of insurance for your customers is to shop around.  Here are few things to consider:

- Deductibles: Look at the deductibles to ensure that you are getting the most coverage for your customer’s money.

- Covered Docks/Property: Confirm that covered docks are adequately insured, including collapse from snow/ice and wind/hail.

- Specialty Insurance: Underwriters: Since rates are going up at all the major carriers, check with some of the specialty underwriters for better coverage options.

- Co-Insurance: Beware! Some carriers only offer ACV.

If you concentrate on these four things, you can grow your marina business and get better deals for your customers.

Topics: tornadoes, tornado, weather, Stuckey & Company, Blog, marina insurance, specialty insurance, hurricane season and insurance, Stuckey, Stuckey & Co., boatyard insurance, marine insurance, boat insurance, mga insurance


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