Coverage Features

Download the ProEquities 2020-2021 E&O Highlight Guide

Download the Protective Life 2020-2021 E&O Highlight Guide

In the event you have a Claim, you should immediately forward notice to Protective Life

Laura Miller, Legal Department

2801 Highway 280 S., Legal 3-4

Birmingham, AL 35223


Phone: 205-268-1286

Policy Number:  MKLM7PLCA00023

Policy Period:     February 15, 2020 to March 1, 2021 12:01 am

Limit Options:

Protective Life Agents:

  •     $1,000,000 Each Claim $1,000,000 Aggregate; or

  •     $2,000,000 Each Claim $2,000,000 Aggregate; or

  •     $3,000,000 Each Claim $3,000,000 Aggregate

ProEquities Registered Representatives and IARs:

  •     $2,000,000 Each Claim $2,000,000 Aggregate; or

  •     $3,000,000 Each Claim $3,000,000 Aggregate; or

  •     $5,000,000 Each Claim $5,000,000 Aggregate

Defense Costs are in addition to the limits of liability. Sublimits apply to certain products, services or circumstances.  See Highlight guide for details.


  • $ 500 Each Claim involving products of Protective Life and West Coast Life

  • $ 2,500 Each Claim involving ProEquities, Inc. products and covered products of other companies

  • $ 5,000 Each Claim involving a Cyber Event

  • $ 0 Each Claim involving covered Regulatory Matters


The Insurer shall pay on behalf of the Insureds that Loss which the Insureds become legally obligated to pay resulting from a Claim for a Wrongful Act solely in rendering or failing to render Professional Services. Coverage for a Claim for a Wrongful Act applies only if the Wrongful Act giving rise to such Claim with respect to any Advisor occurred on or after the Prior Acts Date and before the earlier of the date such Advisor ceased enrollment in the program, or the end of the Policy Period, and while their enrollment was on file with Protective Life