Its sometimes called professional liability insurance.

How much is errors and omissions insurance for insurance agents. Simply start a quote online or call us to speak with a licensed agent who can help you customize an EO policy that fits your needs and budget. Errors Omissions Insurance Will Pay the Costs of Any Claims or Lawsuits that Result From Your Unintentional Errors Up to Your Policy Limit. Get Insurance Quotes From AUs Leading Brands in Mins.

38 of agents pay under 600 per year. Get Insurance Quotes From AUs Leading Brands in Mins. EO Insurance for Coverage for owner s employees and independent contracted agents with at least 51 of revenues derived from the sale and servicing of Life Health products.

So if your business has 50 employees you can estimate your errors and omissions premium to be between 25000 and 50000 per year. 1 million per claim and 2 million is recommended be obtained. So if you have a 100000 policy it will cover you up to 100000.

EO insurance covers mistakes and oversights. But typically for a 1m coverage limit youre looking at an annual premium starting at 400. The most accurate way to find out exactly how much youll pay for errors and omissions insurance is to get a quote.

At Bizinsure we analyzed data from more than 5000 of our customers showed that regardless of the industry or policy limits the average yearly cost of Errors Omissions Insurance for a small business is. IT professionals pay a median premium of 730 per year for a technology errors and omissions insurance policy which combines professional. Finally your deductible should be around 1000.

In terms of coverage each agent should have at least 1 million CAD for one occurrence. In the 5 top companies offering this insurance for insurance agents that we are able to get quotes the costs range from 40 to 80 a month. Our errors and omissions policies start at 270.