Professionals across countless industries face the risk of being sued for alleged mistakes in the performance of their duties—even if they weren’t actually at fault. These claims can severely impact a professional’s reputation and financial stability. That's where Miscellaneous Errors and Omissions (E&O) Insurance becomes crucial. At Alexander J. Wayne & Associates, Inc., we specialize in helping insurance agents and brokers place hard-to-place E&O risks across a broad spectrum of professions.
Overview of the Program From Alexander J. Wayne & Associates
With decades of experience and access to over 40 different markets—including all major U.S. carriers and Lloyd’s of London—Alexander J. Wayne & Associates offers flexible and competitive solutions for virtually any professional liability exposure. Whether you’re working with a niche consultant or a healthcare provider with a complex history, our underwriting team is equipped to help you find the right coverage.
Ideal Accounts and Appetite
We have successfully placed coverage for a wide variety of professional classes, including but not limited to:
- Miscellaneous Professionals and Consultants
- Technology and IT Service Providers
- Real Estate Professionals (agents, property managers, consultants)
- Architects and Engineers
- Insurance Agents and Brokers
- Attorneys and Law Firms (especially hard-to-place risks)
- Medical Professionals (physicians, dentists, nurses, imaging centers)
- Accountants and Bookkeepers
- Financial Planners, Investment Advisors, and Broker-Dealers
- Marketing and Management Consultants
We are open to reviewing virtually all professional classes—even those that fall outside the standard appetite of many markets.
Coverage Highlights and Advantages
We provide tailored E&O coverage designed to meet the unique needs of each profession. Key features of our offerings include:
- Limits ranging from $100,000 up to $10,000,000
- Separate excess limits available
- Minimum premiums starting as low as $800 for lower limits
- First-dollar defense options
- Defense costs in addition to limits of liability
- Full prior acts coverage
- Third-party discrimination coverage
- Defense for fee disputes
- Custom coverages tailored to specific professions
- Group or association programs available
- “A” Rated carriers by A.M. Best
- Fast turnaround on quotes and policy issuance
Underwriting Notes and Minimum Premiums
Our underwriting team is highly experienced in assessing complex risks and tailoring solutions that meet your client’s unique needs. We consider a wide range of risk profiles, including new ventures and distressed accounts. Minimum premiums vary by risk class and limit, with entry points as low as $800 for smaller accounts.
Territories and Availability
Our Miscellaneous E&O program is available in all 50 states, plus Washington, D.C. Whether your client is based in a major metropolitan area or a rural community, we have market access and expertise to help you find the right solution.
Why Work With Alexander J. Wayne & Associates?
As a wholesale broker with deep experience in professional liability, we understand the nuances of E&O exposures across a wide range of industries. Our expansive market access, responsive service, and creative underwriting approach make us a valuable resource for agents and brokers looking to place challenging or niche E&O risks.
Call us today to learn how we can help you place your next Miscellaneous Errors and Omissions account—especially the ones that others can’t.
Frequently Asked Questions
What types of accounts are a good fit for this Miscellaneous E&O program?
This program is ideal for a wide range of professionals, including consultants, IT service providers, real estate agents, lawyers, accountants, and medical professionals. We are especially effective in placing hard-to-place or non-standard risks.
Can you write new ventures or professionals with previous claims?
Yes, we have markets that will consider new ventures and accounts with prior claims, depending on the circumstances and risk profile.
What are the minimum premium requirements?
Minimum premiums start as low as $800 for lower-limit policies, but actual pricing will vary based on the class of business, limits, and risk factors.
Is this program available nationwide?
Yes, our Miscellaneous E&O program is available in all states, including Washington, D.C.
What carriers do you work with for this program?
We work with all major U.S. carriers and Lloyd’s of London markets, including both admitted and non-admitted options.
Need help placing an account? Connect with a market specialist.