Overview of the Program From J.M. Wilson
J.M. Wilson Corp. offers a specialized Financial Institution Errors & Omissions (E&O) Insurance program designed for retail agents and brokers seeking reliable E&O solutions for their financial services clients. Backed by multiple “A”-rated carriers and with in-house binding authority, we provide flexible, fast, and competitive options for a wide range of financial institutions—particularly those with low to medium hazard exposures.
Ideal Accounts and Appetite
This program targets over 75 different classes of financial businesses including—but not limited to—investment advisors, mortgage brokers, insurance agents, collection agencies, and check cashing services. We’re an excellent market for accounts seeking broad coverage terms, competitive minimum premiums, and fast turnaround on quotes.
You might have a client such as a small investment advisory firm or a regional mortgage brokerage that needs full prior acts coverage and a quick quoting process. These are ideal fits for this program.
Coverage Highlights and Advantages
- Broad definition of professional services to reduce gray areas in coverage
- Defense costs outside the limits of liability
- Duty to defend included
- Optional 2-way extended reporting period
- 60-day claim reporting grace period at no additional charge
- Full prior acts coverage available upon underwriting approval
Underwriting Notes and Minimum Premiums
We offer low minimum premiums starting at $1,000, with minimum retentions as low as $1,000 for select risk classes. Thanks to our in-house authority, we can often turn quotes around in 24 hours or less, giving you the speed and efficiency you need to win business.
Territories and Availability
This program is available in the following states: AL, AR, FL, GA, IL, IN, IA, KS, KY, MI, MS, MO, NE, NC, OH, OK, PA, SC, TN, VA, WV, and WI. We work with both admitted and non-admitted carriers, depending on the risk and state.
Why Work With J.M. Wilson?
As a trusted MGA and Excess & Surplus Lines Broker, J.M. Wilson brings deep underwriting experience and access to multiple top-tier markets. Our dedicated team understands the unique risks faced by financial institutions, and we’re committed to helping our retail agents place business efficiently and competitively. When you work with us, you benefit from personalized service, fast quote turnaround, and access to tailored coverage solutions.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for financial service providers with low to medium hazard exposures, such as investment advisors, mortgage brokers, insurance agents, and collection agencies.
How quickly can I get a quote?
With in-house binding authority, J.M. Wilson can typically provide quotes in 24 hours or less.
Is prior acts coverage available?
Yes, full prior acts coverage is available depending on underwriting approval.
What is the minimum premium?
The minimum premium starts at $1,000, with retentions as low as $1,000 for certain classes.
In which states is this program available?
The program is available in 22 states including AL, FL, GA, IL, IN, MI, OH, PA, TN, and others.
Need help placing an account? Connect with a market specialist.