Earn a 25% Commission for the first account that binds with a premium of $10,000. See the flyer below for coverage details and our contact information.

“Nearly 100 small to midsize independent broker-dealers find themselves in trouble over sales of tenant-in-common exchanges, a form of real estate ownership in which two or more parties hold fractional interests in a property.”

Read More:

http://www.investmentnews.com/article/20101212/REG/312129971

2010 has been a great year for ProSuranceGroup despite the challenges of this economy. We brought on two new employees. Dorothy Kent returned to us, after a four year absence, as a Sr. Vice President of our new Fidelity Crime Division. Cynthia Bjornson joined us as our newest Customer Service Representative. With their help we added a new Division and increased the speed at which we are able to handle your applications and requests. Dorothy’s division is paperless, a real step into the 21st century! Someday…..

We have also revamped our website to make it more user friendly. Our applications for the Professional Liability Division and the Crime Division are now available for download. In addition, we have added online applications that allow you to submit your request directly to us without paper. (see my wish for the future above) All of these changes mean “better service” for you.

The Financial Services industry is still working its way out of the serious problems it faced over the last two years. But the market has been strong and growth, while slow, is steadily trending upward. So 2011 looks bright.

Next year we plan to continue to explore expanding our product lines as we listen to what our clients tell us they need. The addition of the Crime Program has been a huge step in that direction and the coming year or two may see more additions.

Our great appreciation for all of the business you have shared with us this year. All of us at ProSurance Group wish you, your staff, and families a Joyous Holiday Season and a very Happy and Prosperous New Year.

P.S. One last thing that we are thankful for during this holiday season… the San Francisco Giants won the World Series for the first time…ever. What a ride for all of us diehard Giants fans. So a special thank you to the San Francisco Giants for making our holiday shopping so much simpler this year…World Series gear for everyone !

Markel Programs and ProSurance Group, Inc. to Offer New Primary and Excess Limits for Commercial Fidelity Insurance Program

Richmond, VA, November 1, 2010 – Markel Programs announced today an increase in capacity for their monoline commercial Fidelity insurance program through ProSurance Group, Inc., their general agency partner. ProSurance Group will now have capacity to write limits up to $5,000,000 on a primary and excess basis. Commercial Crime coverage is currently available countrywide on an open-brokerage basis. The minimum premium is $2,500.

“We are excited about the success of our partnership with ProSurance. The ability to write larger limits demonstrates our commitment to this general agency and the Fidelity program,” stated Rick Wiseley, Managing Director of Markel Programs. “Prospects for positive growth in 2011 and beyond are tremendous,” he continued.

Dorothy Kent, Senior Vice President of ProSurance Group, commented, “We are very pleased about the program development and are looking forward to providing higher limits of coverage to better serve the broker community and a broader spectrum of clients and industries.”

Markel Programs and ProSurance Group’s Crime program is accessible to a wide variety of industries. Target commercial classes include retail businesses, ATM companies, manufacturers, casinos, and difficult-to-place risks. The coverage protects against fidelity and forgery, money and securities, robbery, safe burglary, computer fraud, money orders and counterfeit currency, theft of client property, funds transfer fraud, and agents.

ABOUT MARKEL PROGRAMS
A division of Markel Corporation, Markel Programs develops partnerships with managing general agents to offer single-source, admitted and non-admitted programs for a specific class or line of business. Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value. To learn more about Markel Programs, visit markelprograms.com.

ABOUT PROSURANCE GROUP, INC.
ProSurance Group was founded in the 1990s as a managing general agency for professional liability. It specializes in underwriting and marketing the more difficult lines of insurance. The Fidelity Division is headed by Dorothy Kent, an experienced senior fidelity underwriter. ProSurance Group markets through independent sub-producers and, in some cases, directly to its insureds. To learn more about ProSurance Group, visit prosurancegroup.com.

As usual, Halloween at the office was in top form. Can you spot some of our ‘Corporate Ghouls’?

Last but certainly not least, we have all enjoyed celebrating the San Francisco GIANTS World Series victory! If your quotes have been a little slow in coming or your underwriter has been a wee bit distracted, we apologize. Once every 56 years we slack off!!!

The application process will take less than 10 minutes and completed entirely online. You can now pay for your new policy directly from our website via credit card. As usual, after we receive and process your order we will send you your Certificate of Insurance, followed by your Original Policy Package by mail.

Try it today, we’ve made it very easy for you to gain the coverage you need.

Markel Programs partners with ProSurance Group, Inc. to offer new, commercial Fidelity insurance program

Richmond, VA, July 12, 2010 – Markel Programs announced today that it has partnered with ProSurance Group, Inc., a managing general agency, to offer a new, monoline commercial Fidelity insurance program. Commercial Crime coverage is currently available countrywide on an open-brokerage basis. Fidelity insurance for financial institutions will be launched later this year.

Markel Programs and ProSurance Group’s Crime program is accessible to a wide variety of industries. Target commercial classes include retail businesses, ATM companies, manufacturers, casinos, and difficult-to-place risks. The coverage protects against fidelity and forgery, money and securities, robbery, safe burglary, computer fraud, money orders and counterfeit currency, theft of client property, funds transfer fraud, and agents.

“Both Markel Programs and ProSurance Group have in-depth experience insuring specialty classes of business,” stated Rick Wiseley, Managing Director of Markel Programs. “With Markel’s solid financial history and ProSurance Group’s 30-plus years of fidelity experience, we are a compelling choice for Commercial Crime coverage,” he continued.

John Wagner, Ph.D., Chief Executive Officer of ProSurance Group, commented, “Our producers and clients appreciate the small-company mentality, personal attention, flexibility, and quick turnaround Markel Programs and ProSurance Group provide. In addition to writing standard accounts, we’re willing to listen, go the extra mile, and underwrite difficult risks that larger, more bureaucratic insurers might turn away.”

The minimum premium is $2,500. Both primary and excess coverages are available.

ABOUT MARKEL PROGRAMS
A division of Markel Corporation, Markel Programs develops partnerships with managing general agents to offer single-source, admitted and non-admitted programs for a specific class or line of business. Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value. To learn more about Markel Programs, visit markelprograms.com.

ABOUT PROSURANCE GROUP, INC.
ProSurance Group was founded in the 1990s as a managing general agency for professional liability. It specializes in underwriting and marketing the more difficult lines of insurance. The Fidelity Division is headed by Dorothy Kent, an experienced senior fidelity underwriter. ProSurance Group markets through independent sub-producers and, in some cases, directly to its insureds. To learn more about ProSurance Group, visit prosurancegroup.com.

As an Investment Adviser, you have been entrusted with the wealth of individuals and institutions. Clients count on you to provide personalized, unbiased advice and make informed investment decisions based on current economic and market conditions. Since you shoulder such a heavy responsibility, your professional liability protection must be exceptional.

ProSurance Group understands your insurance needs, and will provide the personalized service you deserve. We will discuss with your insurance agent or you directly what type of coverage you require and how to best design a policy that offers you maximum protection at a reasonable cost. We also offer the ERISA and surety bonds you may need.

“He was sued for malpractice as a result of the decrease in asset value, as measured in US dollars.”

Even the most responsible, skilled and experienced Investment Adviser can innocently become involved in a professional liability claim.

CONSIDER THIS REAL LIFE EXAMPLE:

An Investment Adviser invested institutional pension assets abroad. He liquidated a position and converted from Euros to US dollars. Although he correctly and promptly filed all paperwork, the liquidation was not executed in a timely manner, and in the interim the US dollar appreciated significantly against the Euro.

He was sued for malpractice as a result of the decrease in asset value, as measured in US dollars. After months in court and expensive legal fees, he paid a $2,000,000 award and his professional reputation suffered.

As a Registered Representative, you recommend, buy and sell securities for your clients. They look to you to be their expert guide, but may not always clearly listen to your warnings of the risks of volatility of certain investments. Your clients might not even understand that there is no absolute guarantee of making a profit with any investment. That is why you need professional liability insurance to protect you in your fast paced world.

ProSurance Group understands your insurance needs, and will provide the personalized service you deserve. We will discuss with your insurance agent or you directly what type of coverage you require and how to best design a policy that offers you maximum protection at a reasonable cost. If you also sell life insurance and annuities, or provide financial planning or investment advisory services, we can also insure these activities.

“The registered representative was ordered to pay $2 million in restitution and court fees”

Even the most careful and experienced Registered Representative can innocently become involved in a professional liability claim.

CONSIDER THIS REAL LIFE EXAMPLE:

A Registered Representative had a successful relationship with his client for several years. He had recommended a growth and income strategy for his client’s funds that had produced moderate, if unspectactular returns. However, his client realized that his portfolio was lagging the market and was interested in making more money. At the client’s request, he began recommending purchasing more aggressive stocks on margin.

As the bubble in high tech stocks burst, his cilents lost all of his invested funds. Even though he requested and authorized a change in investment strategy, the client sued his registered representative for recommending unsuitable securities and for failing to disclose the risks, potential volatility, and effect of margin. The registered representative was ordered to pay $2 million in restitution and court fees.