Operating on an “open-brokerage” format.
The McGowan Companies operates on an “open-brokerage” format. We do not hold our retail brokers to premium or account volume requirements. So, whether you place 1 account or 100 accounts with us, we are always grateful for your business. We do, however, require that our retail brokers placing business with us carry at least $1,000,000 of E&O Liability.
In order to become a fully-enrolled agent with McGowan Program Administrators, we require the following items:
- Copy of the agency’s E&O declarations page evidencing at least $1MM in coverage;
- Copy of the agency’s license;
- Updated W-9 Form
- Executed Brokerage Agreement
- Completed Broker Appointment Packet
We look forward to working with you!
Questions? Please contact our Compliance Administrator