Professional Liability or Errors and Omissions Insurance

Overview — Capitol Special Risks: Professional Liability / Errors & Omissions

Capitol Special Risks offers a wholesale program for Professional Liability (Errors & Omissions) coverage tailored for firms that provide professional services for a fee. As a wholesale broker with access to multiple admitted and non-admitted carriers, CSRisks helps independent agents place a wide range of professional classes with competitive turnaround and no broker fee.

Ideal accounts and target classes

This program is focused on small to mid-size professional firms and individual consultants. Typical appetites include (but are not limited to):

• Adjusters and claims administrators
• Benefit plan administrators / third-party administrators
• Bookkeepers, tax preparers and payroll services
• Collection agencies and credit bureaus
• Consultants of all types (business, IT, management)
• Electronic data processing / IT firms
• Employment and executive search agencies
• Freight managers and logistics consultants
• Interior decorators (non-structural), public relations firms, title agents, travel agents/tour operators, trustees

Coverage highlights and advantages

• Broad E&O coverage forms tailored to professional exposures common in non-technical and administrative specialties.
• Access to multiple markets to achieve competitive pricing and tailored terms for differing risk profiles.
• Fast turnaround on submissions; underwriters experienced with small and mid-market professional accounts.
• No broker fee charged by Capitol Special Risks, which helps preserve competitive commission structures for retail agents.
• Ability to place admitted paper in some states as well as excess and surplus lines where appropriate.

Underwriting notes and typical fit / restrictions

Underwriters evaluate professional liability submissions based on the nature of services, size of firm, claims history, and risk controls. This program generally fits firms with clear scopes of engagement, documented procedures, and modest revenue or payroll levels. Accounts that often fit well include consultants, administrative service providers, bookkeeping/tax practices, and small IT vendors.

Accounts with extensive design exposure, large professional staff counts, significant prior claims, or specialized high-severity professional exposures may require referrals or be outside typical appetite. Minimum premiums and terms vary by carrier and class; please see the Underwriting Checklist below when preparing submissions.

Submission guidance

• Include a one-page summary of operations describing services provided, typical clients, and annual revenue.
• Provide prior acts and claims history for the past 5–10 years, depending on carrier request.
• Attach specimen contracts or engagement letters where available (these often affect coverage terms).
• Indicate desired limits, retention, and whether continuity of coverage or retroactive dates are required.

Territories and admitted status

Capitol Special Risks places business with multiple markets and has availability in the following states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY. Some admitted markets are available depending on state and class; non-admitted markets may be used where necessary to place coverage.

Why work with Capitol Special Risks on E&O placements?

• Wholesale broker access to multiple E&O carriers—helps you secure competitive terms for diverse professional classes.
• Experienced underwriting team that understands common exposures for administrative, consulting, and technical service providers.
• Fast quote turnaround and no broker fee—streamlines the placement process for retail agents and their insureds.

Example account scenarios

Example 1: You have a small payroll and bookkeeping firm with $500K annual revenue and no prior claims. This program can offer customized E&O limits and favorable deductibles for that profile.

Example 2: You represent a travel agency and tour operator that sells packages to consumers. The program can provide E&O coverage tailored to service errors, booking mistakes, and administrative mistakes that lead to customer losses.

Contact Capitol Special Risks today for submission instructions and carrier appetite guidance. Fast turnaround and we never charge a broker fee!