Empire State Brokerage Svcs LLC provides insurance agents and brokers with access to a broad range of Errors & Omissions (E&O) insurance markets. As a wholesale broker with a national footprint, we help retail producers place E&O coverage for professionals across a wide spectrum of industries. Our flexible market access and underwriting expertise enable us to find solutions for both standard and harder-to-place risks.
Overview of the Program From Empire State Brokerage Svcs LLC
Our E&O program is designed to help agents and brokers protect professional clients from claims of negligence, errors, or omissions in the performance of their services. Whether you are placing coverage for an architect, a small accounting firm, or another insurance professional, we work to identify carriers and coverages that match the client’s exposures and budget.
Ideal Accounts and Appetite
We can assist with a wide variety of professional classes, including:
- Insurance agents and agencies
- Real estate professionals
- Accountants and bookkeepers
- Consultants and business advisors
- Architects and engineers
- Technology and IT service providers
The program suits both new ventures and established businesses. You can submit accounts that range from sole proprietors to mid-sized firms. We also consider difficult or previously declined accounts depending on loss history, revenue, and service exposures.
Example fits:
- A two-partner accounting firm seeking professional liability limits, prior-acts coverage, and defense expenses outside the limits.
- An IT services provider with recurring service contracts that needs coverage for alleged errors in software implementation.
Coverage Highlights and Advantages
E&O coverage helps protect professionals from the financial consequences of client claims alleging mistakes, failure to perform, or professional negligence. Key features available through our markets include:
- Defense costs outside the limits (where offered)
- Coverage for both actual and alleged errors or omissions
- Optional first-dollar defense and prior-acts (retroactive) coverage
- Customizable limits and deductible structures
- Access to both admitted and non-admitted markets to maximize placement options
Specific terms and available endorsements will vary by carrier and risk profile. We collaborate with brokers to tailor submissions to the markets most likely to provide favorable terms.
Underwriting Notes and Minimum Premiums
Minimum premiums generally start at $2,500, though final pricing depends on class, revenue, claims history, services offered, and other underwriting criteria. Typical submission requirements include a completed application, current loss runs, and a clear description of services and contract language where applicable. For complex or hard-to-place risks, provide sample client contracts and a summary of risk management practices to improve placement results.
Territories and Availability
This E&O program is available in most states, including:
AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, and WY.
Where appropriate, we access both admitted and non-admitted carriers to broaden options for placement.
Why Work With Empire State Brokerage Svcs LLC?
As a wholesale broker, Empire State Brokerage Svcs LLC combines market access with hands-on underwriting support. Our team is responsive and detail-oriented, helping you navigate carrier appetite, acceptable contract language, and policy terms. We focus on building long-term relationships with retail partners and delivering competitive solutions for standard and complex professional liability needs.
Frequently Asked Questions
What types of accounts are a good fit for this E&O program?
The program fits a wide range of professionals, including insurance agents, accountants, consultants, real estate professionals, and small to mid-sized firms that provide professional services.
Is this program available for new businesses or startups?
Yes. New ventures and startup firms are eligible; however, underwriting will consider the firm’s operations, contracts, and any available risk management practices.
Are hard-to-place or previously declined risks eligible?
Yes. We work with a variety of markets that may consider non-standard risks, including accounts with prior claims or unusual exposures, depending on the details provided.
What is the minimum premium for this program?
Minimum premiums typically start at $2,500, though final pricing depends on class, revenue, and loss history.
In which states is this program available?
The program is available in most U.S. states, including major states such as CA, FL, NY, and TX. Availability may vary by carrier and state regulations.
Need help placing an account? Connect with a market specialist.