Overview of the Program from Alexander J. Wayne & Associates, Inc.
Alexander J. Wayne & Associates places professional liability protection for insurance agents and brokers nationwide. Our Insurance Agents Errors and Omissions Insurance program pairs broad policy forms with a deep wholesale-broker market to help protect agencies’ balance sheets and personal assets from mistakes, omissions, and professional exposure. Because many carriers require proof of E&O for appointments, this program helps you meet carrier requirements while managing client risk.
Ideal Accounts and Appetite
- Retail and independent insurance agents and brokers — personal and commercial lines producers
- Managing general agents (MGAs), third-party administrators (TPAs), reinsurance intermediaries
- Claims adjusters, insurance inspectors, and premium finance companies
- Agencies with prior claims activity — we have markets that will consider accounts with history
- Specialty agents and niche producers (subject to underwriting review)
You might place a mid-sized regional agency seeking prior-acts continuity, or a specialty E&S agent who needs tailored limits and excess options. We do not typically place accounts with ongoing, unresolved professional litigation without prior discussion with our underwriters.
Coverage Highlights and Advantages
- Duty to defend and defense costs in addition to limits (where available)
- First-dollar defense options
- Prior acts coverage to match expiring policies
- Coverage for independent contractors and broad definition of covered services
- Personal injury coverage and insolvency carve-backs available in many forms
- Excess capacity and tailored limits for larger placements
- All carrier partners rated A- or better by A.M. Best; access to major U.S. carriers and Lloyd’s of London (domestic and London open market)
Underwriting Notes and Minimums
As a wholesale broker, Alexander J. Wayne & Associates leverages relationships across admitted and surplus lines markets to place standard agents as well as accounts with prior claims. Typical underwriting considerations include agency size, lines placed, loss history, E&O controls and documentation practices, and whether the agency sells specialty or high-volatility products.
Minimum premiums and program-specific terms vary by market and state. We can often place accounts with competitive minimums and will match prior acts limits where needed — submit the agency’s application, loss runs, and a summary of operations for a timely review.
Territories and Availability
This program is available in all states and U.S. territories listed below. We handle both admitted and non-admitted placements depending on the market selected.
Available in: 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, DC, WV, WI, WY
Why Work With Alexander J. Wayne & Associates, Inc.
- Wholesale broker expertise and direct access to multiple admitted and surplus markets, including Lloyd’s and major U.S. carriers
- Experience placing both clean and complex risks — including MGAs, TPAs, and agents with prior claims
- Ability to negotiate policy terms and secure prior-acts continuity for renewal placements
- Focus on practical, market-specific solutions so you can deliver placement and appointment-ready evidence of E&O to your carrier partners
Example placement scenarios
- An independent agency expanding into commercial lines that needs prior acts coverage to align with an expiring policy and wants first-dollar defense — we can package admitted or surplus options with tailored prior-acts language.
- An MGA seeking excess limits and insolvent carrier carve-backs for transactions involving delegated authority — we can access specialty carriers on the London open market and U.S. excess markets.
As your wholesale broker advocate, Alexander J. Wayne & Associates helps you find the best combination of coverage, market capacity, and competitive terms for insurance agents E&O exposures.
Frequently Asked Questions
What types of agent accounts are the best fit for this E&O program?
Independent retail agents and brokers, MGAs, TPAs, claims adjusters, and specialty producers are all commonly placed. We handle both standard accounts and those with prior claims, subject to underwriting review.
Can prior acts coverage be provided to match an expiring policy?
Yes. Many of our markets will offer prior acts coverage to match expiring limits and retroactive dates. Provide the expiring policy wording and loss runs so we can secure comparable continuity.
Do you place agents with prior claims or disciplinary history?
We have markets that consider accounts with prior claims. Decisions depend on the severity and frequency of losses, corrective actions taken, and current controls. Submit full loss runs and a claims narrative for proper evaluation.
Which states and markets can you place through?
We place business across the U.S., using both admitted and surplus lines markets as appropriate. Our program is available in the states listed above and includes access to major U.S. carriers and Lloyd’s of London.
Need help placing an account? Connect with a market specialist.