Errors & Omissions Insurance for Actuaries and Actuarial Consultants
Capitol Special Risks (CSRisks) offers an Errors & Omissions (E&O) program tailored for actuaries and actuarial consultants who provide professional advice and technical services for a fee. As a wholesale broker with access to multiple Excess & Surplus (E&S) carriers, CSRisks specializes in placing hard-to-place professional liability risks where admitted markets are limited or unavailable.
Ideal Accounts and Target Classes
This product is a strong fit for:
- Independent actuaries serving insurance companies, pension plans, or corporate clients
- Actuarial consultants performing long-term financial modeling, pension liability projections, or asset/liability studies
- Small to mid-sized actuarial firms that need flexible E&O solutions outside the admitted market
Examples you might encounter: a consultant producing multi-year pension valuation reports for a private company, or an actuary providing reserve analyses to a regional carrier. Those accounts—especially when they carry professional exposure but limited admitted-market options—are where this E&O program is designed to help.
Coverage Highlights and Advantages
- Claims-made policy form geared to professional liability exposures
- Limits available from $100,000 up to $10,000,000 per carrier
- Defense costs are included within the policy limits
- Flat annual premiums to simplify budgeting
- Minimum premium starting at $3,000 (final pricing varies by risk)
This program is placed exclusively in the non-admitted (E&S) market, which often allows broader terms and flexible underwriting for niche actuarial exposures.
Underwriting Considerations
CSRisks evaluates submissions based on the consultant’s experience, types of services provided, revenue size, and loss history. Underwriters prefer clear engagement letters, scope-of-work definitions, and documented quality-control procedures. Fast turnaround and transparent communication are part of their service offering, and CSRisks does not charge a broker fee.
States Where Coverage Is Available
This E&O program is available nationwide, including all 50 states and the District of Columbia. Because it is a non-admitted placement, agents should confirm any state-specific filing or surplus lines requirements before binding coverage.
Why Work With Capitol Special Risks?
Capitol Special Risks brings decades of professional-liability experience and established relationships with multiple E&S carriers. That market access helps when standard admitted carriers are unable or unwilling to quote. CSRisks focuses on practical placement solutions for retail agents and brokers—combining technical underwriting, competitive options, and responsive service to meet client timelines.
Call today for information on Actuaries/Actuarial Consultants Insurance — fast turnaround and no broker fee.
In CA, Capitol Special Risks, Inc. dba: Capitol Special Risks Insurance Service - CA Fire & Casualty Agency - #0C46094
What types of accounts are a good fit for this E&O program?
Actuarial consultants and independent actuaries who provide financial modeling, pension consulting, reserve analyses, or other insurance-related actuarial services are prime candidates.
Is this coverage available in all states?
Yes. The program is available nationwide, including all 50 states and the District of Columbia. Agents should follow surplus lines procedures where required.
What are the coverage limits offered?
Limits generally range from $100,000 up to $10,000,000 per carrier, subject to underwriting and carrier appetite for the specific risk.
Are defense costs included within the policy limits?
Yes. Defense expenses are included within the policy limits as is common in E&S professional liability placements.
What is the minimum premium for this program?
The program’s minimum premium starts at $3,000. Final pricing depends on the scope of services, revenues, and the insured’s loss history.