Overview of the Auctioneering Insurance Program
Capitol Special Risks is a wholesale broker with access to multiple carriers and markets. We understand auction operations and provide tailored solutions for the liability, property, and data exposures common to auctioneers and auction houses. The program combines broad core protection with flexible optional enhancements so you can match coverage to each client’s operations.
Ideal Accounts and Target Risks
This program fits licensed individual auctioneers, auction houses, and firms running live, online, or hybrid auctions. Typical classes include estate and personal property sales, collectibles, real estate auctions, livestock, equipment and machinery, and business liquidation events. We are well-suited for small to mid-sized operations that need combined professional and general liability protection with optional property and cyber/data coverages.
Coverage Highlights and Advantages
Professional Liability
- Defense costs within limits
- Deductible options from $0 to $10,000
- Coverage for acts by employees
- Premiums often start in the low hundreds annually
- Automatic renewals available
- Retroactive coverage options for prior acts
- Limits available up to $2 million aggregate
General Liability
- Limits up to $2 million per occurrence
- Defense costs outside the limit of liability
- No deductible on standard General Liability
- Includes employees and temporary staff where required
- ISO-based policy forms for familiar coverage language
Business Owners Policy (BOP)
- Aggregate limits up to $2 million per occurrence
- Business personal property coverage up to $100,000
- Building coverage options up to $500,000
- Electronic data loss and computer interruption coverages (typically up to $10,000)
- Business income protection available for up to 12 months
- Optional enhancements for crime, data liability, and hired/non-owned auto exposures
- Premiums commonly start from the mid-hundreds annually depending on exposures
- ISO-based policy forms for consistency across placements
Underwriting Notes and Minimum Premiums
Underwriters provide flexibility to match coverage to the client’s size and operational complexity. Minimum premiums vary by coverage, risk profile, and state. We prioritize quick turnarounds and do not charge broker fees, making submissions and placements straightforward for busy agents.
Territories and Availability
Capitol Special Risks can place auctioneering coverage in most U.S. states. Available markets include both admitted and non-admitted carriers depending on the client’s location and risk characteristics. Contact us for specific state availability and carrier options.
Why Work With Capitol Special Risks?
As a wholesale broker with decades of experience, Capitol Special Risks combines specialized underwriting knowledge with access to multiple carriers. We understand the distinct liability, property, and data concerns auctioneers face and offer customizable programs to match those needs. Our underwriting team provides responsive service and practical placement guidance to help you secure competitive coverage for your clients.
Call us today to discuss your auctioneer clients' insurance needs. We offer fast turnaround and never charge broker fees!
In CA, Capitol Special Risks, Inc. dba: Capitol Special Risks Insurance Service - CA Fire & Casualty Agency - #0C46094
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for licensed auctioneers, auction houses, and firms conducting live, online, or hybrid auctions across industries such as estate, equipment, vehicle, and livestock sales.
What coverage options are available for auctioneers?
Available coverages include Professional Liability, General Liability, and Business Owners Policies (BOP), with optional enhancements for data liability, crime, and hired/non-owned auto exposures.
Are both employees and temporary staff covered?
Yes. Both employees and temporary staff can be included under General Liability and Professional Liability coverages, subject to the policy terms and underwriting review.
Which states is this program available in?
The program is available in most U.S. states. Contact Capitol Special Risks for confirmation of availability and market options for a specific state.
Do you offer admitted and non-admitted markets?
Yes. We have access to both admitted and non-admitted carriers; the appropriate market depends on the client’s state and exposure profile.
Need help placing an account? Connect with a market specialist.