Insurance Agents Errors and Omissions Insurance
It is estimated that one out of every five agents has an error or omission “incident,” every single year, and one out of eight agents actually has a claim. A staggering 22% of agents had claims in the last five years! Insurance Agents NEED Professional Liability Insurance coverage to protect their agency as well as their personal assets. In addition, proof of insurance, agents E&O coverage is a requirement for an appointment with an insurance carrier.
At Alexander J. Wayne & Associates we can find the most comprehensive coverages at the most competitive prices available. We have access to most of the companies that offer professional liability insurance to insurance agents. Our markets write standard agents, agents with claims activity, or specialty agents.
Insurance Agents Errors and Omissions Insurance potential program features include:
- Duty to defend
- Defense costs in addition to the limits of liability
- First dollar defense coverage
- Coverage for independent contractors
- Broad definition of covered services
- Low minimum premiums
- Prior acts coverage to match expiring
- Coverage for personal injury
- Insolvency coverage carve backs
- Excess options
- Coverage for MGAs, TPAs, Reinsurance Intermediaries, Claims Adjustors, Insurance Inspectors, Premium Finance Companies
- All our carriers are rated A- or better by A.M. Best
Because we have a large book of Insurance Agents Errors and Omissions Insurance, we have excellent relationships with our markets. As your advocate, we can often negotiate better terms with the insurance carriers and offer superior coverage options.
U.S. States Available:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington, D.C., West Virginia, Wisconsin, Wyoming