Insurance Agents Errors and Omissions Insurance

Ideal Accounts and Appetite

This program is designed for retail insurance agents and brokers in the western U.S. who need professional liability protection for their advisory and transactional work. Typical fits include agencies that:

• Sell personal and commercial lines
• Provide employee benefits counseling and enrollment services
• Perform notary public duties or other related professional services
• Are involved in mutual fund and annuity sales

Coverage is also available for independent contractors and temporary staff operating under an agency’s supervision. The program works well for solo practitioners and small agencies with clean loss histories as well as mid-sized agencies that have more specialized exposures.

Coverage Highlights and Advantages

Colonial General’s E&O policies include a range of features that help protect insureds from claims alleging professional errors, omissions, or negligent acts. Key advantages include:

• Access to both admitted and non-admitted markets with A+ rated carriers
• Coverage for independent contractors and temporary staff
• Protection for mutual fund and annuity sales
• Broad professional services definition that includes notary public, employee benefits counselor, and insurance agent/broker roles
• Coverage for care, custody & control of clients’ records
• Catastrophe extra expense reimbursement
• Defense costs available both inside and outside the limits
• Optional "First Dollar Defense" through select carriers
• Limits of liability from $1 million to $5 million, including split-limit options
• Low deductible options starting at $2,500
• No property damage exclusion

Underwriting Notes and Minimum Premiums

Underwriting is submission-driven. Colonial General evaluates agency operations, product mix, staffing models (including use of independent producers), and loss history to match the account to the appropriate carrier and form. Minimum premiums start at $1,500, helping keep coverage accessible for smaller firms and solo practitioners. Clean risk histories, complete applications, and timely responses to underwriting questions will speed the quoting process.

Territories and Availability

This E&O program is available in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. Colonial General focuses on these western states and understands regional distribution models and regulatory nuances that affect placement.

Why Work With Colonial General?

As a Managing General Agency and Excess & Surplus Lines broker, Colonial General combines specialty commercial-lines expertise with direct access to quality admitted and non-admitted carriers. In-house underwriting and strong carrier relationships allow for flexible solutions, faster turnarounds, and hands-on support from submission through binding.

You might have a client who recently added annuity or mutual fund sales and needs E&O coverage that includes financial products — this program can address that exposure. Or you may represent a regional agency with producers operating in multiple western states that requires consistent coverage and reliable claims handling. Colonial General’s markets are structured to accommodate both scenarios.

Frequently Asked Questions

Need help placing an account? Connect with a market specialist.