Alexander J. Wayne & Associates, Inc.
Contact Us
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Alexander J. Wayne & Associates, Inc.
Contact Us
contact_phone Click to call

Insurance Agents Errors and Omissions Insurance

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

  • U.S. States Available:
  • Provider Type:
    Wholesale Broker
  • Admitted:
    All Available States
  • Carriers:
  • Carrier Ratings:
    A.M. Best A- rated or higher
  • Commission:
    Commissions vary depending on particular insurance carrier. Standard commission is 10% or more.
  • Min Premium:
    -

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LOCATION

2551 N Clark, Suite 601
Chicago, AK 60614
773-328-1254
0D74940

APPLICATIONS

  • Please contact our broker for an appropriate application.

AGENCY LICENSING

If you are a new producer, we require a copy of the individual and agency producer license in your state. We do not require any contract or producer agreement. We have no minimum premium volume required in order to place coverage through our agency.

We can file the Surplus Lines tax in all States except: AL, KY, MS, NM, ND, SD

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Alexander J. Wayne & Associates, Inc. has other insurance programs like Architects and Engineers Professional Liability Insurance.