Terms of Service

Effective Date: January 1, 2023

1. Brokerage Representation

Vangard Risk Partners acts as an independent insurance broker representing the client, not the insurance carrier, except where specific binding authority agreements are disclosed in writing. Our primary directive is securing optimal Cyber Liability and D&O coverage structures.

2. Accuracy of Client Data

The efficacy of our Algorithmic Exposure Quantification (AEQ) relies entirely on the accuracy of the data provided by the client. Misrepresentation of platform volume, previous claims, or regulatory standing may result in policy rescission by the ultimate carrier.

3. Surplus Lines Disclosures

Certain placements may be executed through the non-admitted surplus lines market. Surplus lines carriers are not subject to state guaranty funds. Applicable state surplus lines taxes and stamping fees will be itemized on your final invoice.

4. Limitation of Liability

While we strive to negotiate broad coverage carve-backs, Vangard Risk Partners does not guarantee that every future claim will be covered. Final coverage determinations are made by the carrier's claims adjusters based on the issued policy language.