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Product |
Errors and Omissions (E&O) is a form of professional liability coverage
designed to protect an insured against allegations of mistakes made while performing
the duties associated with his/her business. The policy includes coverage for both
defense costs (i.e. attorney fees, court costs, etc.) and indemnification costs
(i.e. settlements or judgments). Intentional wrongdoing is specifically excluded. |
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Who is Eligible? |
P&C Agents E&O coverage is designed for agents generating less than $2
million in revenues annually. Applicants engaging in the following activities are
NOT eligible:
- Self Insurance, Risk Retention/Risk Purchasing Group
- Consulting or Risk Management Work
- Claims Administrators
- Entities acting principally as Wholesalers or MGAs
- TPAs or Reinsurance Brokers
- Actuarial Services, Tax Advice or Real Estate
- PEOs
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Policy Highlights |
Agents' Advantage can assist you in placing your E&O with carriers that provide:
- Wide Array of Liability Limits
- Full Range of Retention Options from $2,500 to $25,000
- Worldwide Coverage (As long as suit is brought in the U.S., its territories and possessions, or Canada.)
- Extended Reporting Period provision available.
- Multiple Payment Options
- Online Risk Management Tools
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Coverage Endorsements |
The P&C Agents E&O policy can be enhanced to include the following:
- Life and Accident/Health - Expands coverage to include incidental placement/servicing of Life/A&H products. In order to qualify, total commissions generated from Life/A&H activities cannot exceed 30% of total annual revenues.
- Identity Theft Coverage - Included on all policies.
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Application |
Click here to obtain a copy of our Errors & Omissions Application!
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How to Submit your Completed Application |
Please send your completed E&O application to our office via email or fax using the following information:
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