Crump Insurance Services, a property & casualty division of Crump Group, has launched a new Errors & Omissions(E&O) solution, Life Agents E&O Program, for life insurance producers.

Crump said that the new program offered through its P&C’s professional programs unit, Five Star Professional, will protects individual agents and agencies and extends to newly licensed as well as newly independent agents.

The insurer said one of the major benefits of the program is the ability to apply for and bind coverage – and pay premiums – completely online.

According to the Crump, the benefits of the program include coverage for sales of both fixed and variable annuities, and for property and casualty sales up to 10% of total production. The exclusive benefits to Crump Life Insurance Services producers including premium discounts and a 50% deductible reduction on claims.