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Errors and Omissions

Agents' Advantage offers MEMBERS an Errors & Omissions outlet!

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.
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
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
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.
Application Click here to obtain a copy of our Errors & Omissions Application!
How to Submit your Completed Application Please send your completed E&O application to our office via email or fax using the following information:

Frequently Asked Questions regarding Claims-Made and Retroactive Date

*Please be aware the Errors and Omissions polices offered through Agents' Advantage are not commissionable policies. We are simply providing an E&O outlet for our members, while trying to beat their existing premium!
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