An MGA is a property and casualty insurance brokerage that administers specific programs on behalf of insurance companies and sells to insurance agents and sometimes directly to the public. MGAs typically have binding authority, policy issuance authority, and manage a specialty program that the insurance company could no handle by itself because of staffing or expertise issues. The programs managed by an MGA can be written through an admitted or surplus lines insurance company.
An MGU is similar to an MGA but writes life and health coverages instead of property and casualty.
We specialize in providing managing general agents (MGA) and managing general underwriters (MGU) with coverage for errors and omissions insurance (E&O insurance) and fdelity bonds from highly rated insurance companies promptly and at a reasonable cost. We work with numerous carriers and can offer E&O insurance to any type of MGA and MGU.