Looking for Insurance Services Insurance?
Protect your insurance agency from E&O claims, client disputes, regulatory issues, and professional liability. Get coverage for insurance agents, brokers, and insurance service providers.
What is Insurance Services Insurance?
Insurance services insurance protects agents and brokers from claims related to placement errors, coverage gaps, client disputes, and regulatory compliance issues. Coverage commonly includes errors & omissions (E&O), cyber liability, and general liability. State regulators and insurance carriers often require proof of E&O coverage before licensing or appointments.
Errors & Omissions (E&O)
Protects against claims alleging coverage errors, policy placement mistakes, or negligent insurance advice.
Cyber Liability
Covers data breaches, ransomware, and exposure of client personal or financial information.
General Liability
Protects against bodily injury or property damage claims at your office or during client meetings.
Certificates
Fast proof of insurance for carriers, regulators, and clients.
Who Needs Insurance Services Insurance?
- Independent insurance agents : Businesses requiring specialized insurance coverage
- Insurance brokers : Businesses requiring specialized insurance coverage
- Managing general agents (MGAs) : Businesses requiring specialized insurance coverage
- Insurance agencies : Businesses requiring specialized insurance coverage
Frequently Asked Questions
What insurance do insurance agents need?
Most agents need E&O liability coverage for placement errors, cyber liability coverage for client data protection, and general liability coverage for office operations.
Is insurance agency E&O required?
Yes. State regulators and most insurance carriers require E&O coverage before issuing licenses or carrier appointments.
How much does insurance agency E&O cost?
Solo agents typically pay $1,500–$3,000 annually. Agencies often pay $3,000–$15,000+, depending on revenue, lines sold, and claims history.
Does E&O cover coverage gaps?
Yes. E&O can cover claims arising from losses caused by coverage gaps, policy errors, or incorrect advice, subject to the policy terms.
Does insurance cover data breaches?
Cyber liability covers notification costs, credit monitoring, regulatory fines, and legal defense related to data breaches.
Can carriers be added as additional insureds?
Carrier contracts usually don’t require additional insured status, but Harper ensures your coverage meets all appointment requirements.