Overview of the Auctioneering Insurance Program
Capitol Special Risks is a trusted wholesale broker with access to multiple carriers and markets. We understand the auctioneering industry and provide tailored solutions to meet the coverage needs of auction professionals. From liability exposures to property and data losses, our program is built to provide broad protection with flexible options.
Ideal Accounts and Target Risks
This program is ideal for individual auctioneers, auction houses, and firms that conduct live, online, or hybrid auctions. Whether your client specializes in estate sales, collectibles, real estate, livestock, or equipment, we can help you place business for a wide array of auction-related operations.
Coverage Highlights and Advantages
Professional Liability
- Defense costs within limits
- Deductible options from $0 to $10,000
- Coverage for work performed by employees
- Premiums starting around $270 annually
- Automatic renewals available
- Retroactive coverage options
- Limits up to $2 million aggregate
General Liability
- Up to $2 million per occurrence
- Defense costs outside the limit of liability
- No deductible
- Includes employees and temporary staff
- ISO-based policy form
Business Owners Policy (BOP)
- Up to $2 million per occurrence
- Business contents coverage up to $100,000
- Building coverage up to $500,000
- Electronic data loss coverage up to $10,000
- Computer operations interruption up to $10,000
- Business income protection for up to 12 months
- Optional upgrades for crime, data liability, and HNOA
- Premiums starting from $500 annually
- ISO-based policy form
Underwriting Notes and Minimum Premiums
Our underwriting team offers flexible options to match your client's specific risk profile. Minimum premiums vary depending on the coverage selected, size of the operation, and risk factors. We offer fast turnaround and never charge broker fees, making it easy for you to submit and place business efficiently.
Territories and Availability
Capitol Special Risks can write auctioneering coverage in most states, including but not limited to CA, TX, FL, GA, NY, IL, and WA. We have access to both admitted and non-admitted markets, depending on your client's location and exposure.
Why Work With Capitol Special Risks?
With decades of experience as a wholesale broker, Capitol Special Risks delivers specialized insurance solutions backed by knowledgeable underwriting and a strong carrier network. We understand the auction industry’s distinct liability and property concerns and offer customizable options to meet those needs. Our team is committed to fast response times and providing agents with the tools they need to secure competitive coverage for their 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 various industries, including estate, equipment, 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 are included under the General Liability and Professional Liability coverages, subject to policy terms.
Which states is this program available in?
The program is available in most U.S. states, including CA, FL, TX, GA, NY, and IL. Contact us for specific state availability.
Do you offer admitted and non-admitted markets?
Yes, we have access to both admitted and non-admitted markets depending on the client’s state and risk profile.
Need help placing an account? Connect with a market specialist.