To offer the best, you must work with the best—and Capitol Special Risks delivers with a specialized Insurance Agents and Brokers Professional Liability Insurance program backed by highly experienced underwriters and top-tier carriers. Designed for retail agents and brokers looking to protect their own operations or their clients in the insurance industry, this program provides comprehensive E&O coverage with broad eligibility and flexible terms.
Ideal Accounts and Appetite
Capitol Special Risks considers a wide range of professional placements in the insurance distribution chain, including:
- Retail Insurance Agents and Brokers
- Wholesalers, MGAs, and MGUs
- Reinsurance Intermediaries and Reinsurance Brokers
- Third-Party Administrators (TPAs)
This program is suitable for both small and large firms, including sole proprietors and retiring agents who need extended reporting options. Whether your client is a startup agency or a multi-state operation, Capitol can help you place the right coverage.
Coverage Highlights and Advantages
Insurance Agents and Brokers Professional Liability Insurance Coverage Features:
- Broad Professional Services Definition
- Duty to Defend
- Insured’s Written Consent Required for Settlements
- 50/50 Soft Hammer Clause
- Mutual Selection of Defense Counsel
- Coverage Extensions:
- Disciplinary Proceedings Reimbursement
- Loss of Earnings and Expense Reimbursement
- Subpoena Legal Expense
- Spousal/Domestic Partner/Estates/Legal Representative Liability
- Breach of Privacy and Security
- Intellectual Property Rights Infringement
- Personal Injury and Punitive Damages
- Final Adjudication and Severability for Fraud Claims
- Insolvency Exclusion Carve-Back for B+ or Better Insurers and Government Guarantee Funds
- Carve-Backs for Securities, ERISA, and Patent Exclusions
- 60-Day Automatic Extended Reporting Period
- Mediation Credit and Application Severability
- Bi-Lateral Extended Reporting Period (up to 5-year tail or unlimited for retiring sole proprietors)
Optional Enhancements Available:
- Aggregate Retentions
- First Dollar Defense
- Additional Defense Limit of Liability
- Continuity of Coverage
- Cyber/Privacy and Security Coverage
Underwriting Notes and Minimum Premiums
Capitol Special Risks offers flexible underwriting with access to multiple carriers. Minimum premiums vary depending on risk size, exposure, and coverage options. This non-admitted program gives you access to customized solutions unavailable in the standard market.
Fast turnaround is standard, and Capitol never charges broker fees, making this an efficient and cost-effective option for your clients.
Territories and Availability
This program is available in all 50 states, including DC. No matter where your client is located—from California to New York, Florida to Alaska—Capitol has you covered.
Why Work With Capitol Special Risks?
With over 30 years of expertise in professional liability, Capitol Special Risks is a trusted wholesale broker that understands the unique exposures faced by insurance professionals. Their responsive team, efficient quoting process, and access to top-rated, specialty carriers make them a reliable partner for agents and brokers nationwide.
Whether you're placing coverage for your own agency or helping a client with complex E&O needs, Capitol Special Risks provides the tools, expertise, and flexibility to get the job done right—and fast.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for insurance agents, brokers, MGAs, MGUs, reinsurance intermediaries, TPAs, and similar professionals in the insurance distribution chain.
Is this program available in all states?
Yes, Capitol Special Risks offers this E&O program in all 50 states, including the District of Columbia.
Does the program offer an Extended Reporting Period?
Yes, a 60-day automatic ERP is included, with options to purchase up to a 5-year tail or unlimited ERP for retiring sole proprietors.
Are cyber/privacy coverages included?
Cyber/privacy and security coverages are available as optional enhancements to the core policy.
Is there a minimum premium for this coverage?
Minimum premiums vary by risk profile, but Capitol offers competitive pricing and fast quotes tailored to your client’s needs.
Need help placing an account? Connect with a market specialist.