Profession
Professional liability insurance for Insurance & Brokerage
Insurance agencies, brokers, MGAs, and producers placing coverage for clients.
Risks we see most
What actually goes wrong.
- Failure to procure requested coverage
- Inadequate limits advice
- Missed renewal or binder deadlines
Quick qualifier
LiveGet My Rates
We shop up to 10 A-rated carriers and email your best options, usually within minutes.
Illustrative claim scenarios
How a policy responds.
Coverage gap
Client's uncovered loss was blamed on the agent's failure to add an endorsement.
Scenarios are illustrative examples of how this coverage is designed to respond — they are not actual client cases, and coverage always depends on policy terms and underwriting.
Where you work
Insurance & Brokerage coverage, state by state.
What E&O covers for Insurance Agents & Brokers
Insurance agent and broker E&O responds when a client alleges your professional handling of their insurance cost them — a coverage gap discovered at claim time, limits placed lower than requested, a renewal that lapsed without notice, a risk described inaccurately to the carrier, or a policy exclusion never explained. The claim almost always begins with the client’s own uncovered loss: their carrier denies, and their next call is to a lawyer about their agent.
Agent/broker policies cover negligent acts, errors, and omissions in soliciting, placing, and servicing insurance, including defense of regulatory complaints in many forms. Carrier appointment contracts and state rules commonly require E&O — captive programs often provide it, while independent agencies buy their own, with limits sized to the account book (an agency placing large commercial accounts carries multiples of a personal-lines shop’s limit). Agencies also hold deep client data, making cyber liability effectively mandatory, and staffed agencies need workers comp.
What insurance professionals typically pay
Agency E&O pricing reflects premium volume, lines mix (commercial and surplus lines above personal), staff count, and claims history.
| Business profile | Typical annual E&O premium range* |
|---|---|
| Solo personal-lines agent | ~$700 – $1,500 |
| Small agency, mixed book, 2–5 staff | ~$1,500 – $4,000 |
| Commercial-lines agency, $1M+ revenue | ~$4,000 – $10,000 |
| Agency with surplus/specialty placements | ~$6,000 – $15,000+ |
*Illustrative market ranges based on typical small-business placements; your premium depends on revenue, limits, claims history, contracts, and carrier appetite. Not a quote or offer of coverage.
Frequently asked questions
My carrier appointment requires E&O. What limits satisfy it?
Most carrier agreements require $1M per claim; some specify aggregates or deductible caps. Meet the strictest appointment you hold, then size up for your book — an E&O limit should bear some relationship to the largest uncovered-loss scenario in your accounts, not just the contract minimum.
Does E&O cover a client whose claim was denied for non-disclosure?
If the allegation is that you failed to transmit information the client gave you, or never asked the questions a competent agent would ask, that’s a covered E&O claim. Documented applications, signed by the client, are the industry’s core defense practice for exactly this scenario.
Are regulatory complaints to the DOI covered?
Many agent E&O forms include defense sublimits for department-of-insurance investigations and disciplinary proceedings. Given that DOI complaints are far more frequent than lawsuits, confirm this coverage exists in your form and know its limit.
We are an independent agency switching E&O carriers. What must we protect?
Your retroactive date — continuous claims-made coverage back to the agency’s founding (or earliest insured date). A new policy must carry prior-acts coverage matching your existing retro date, or every placement before the switch loses protection. Never accept a reset retro date to save premium.
Related: cyber liability · E&O basics · workers comp.