Just as managing a client’s professional liability exposure properly is critical, insurance agencies must also ensure that their own Errors & Omissions (E&O) policies are adequately addressing their risks. This means making sure your coverage terms and limits correspond to your operation’s exposures, looking at whether your exposures have increased due to the type of business you’re writing (high-end network clients, niche markets), and the impact that new ownership or an acquisition may have on your coverage, among other issues.
Another concern is finding tailored E&O coverage at competitive rates for insurance agents and brokers specializing in insuring difficult risks such as program managers, aviation, long haul trucking, environment niches where you may be exposed to greater professional liability exposures. Agencies with previous E&O claims also may find it difficult to find a home for coverage.
That’s where the E&O experts at PL Risk Advisors come in.
- Revenue at least $500K (P&C Agent)
- Revenue at least $1M (Life Agent)
- Available in all 50 states
- Claims or No Claims
- Limits up to $50M
- Contingent Bodily Injury/Property Damage
- Insolvency Coverage
- Independent Contractors
- Innocent Insured Coverage
- Specialists in “Hard to Place”
- MGAs, MGUs
- Program Managers
- Significant Claims Agencies
- Captive Managers
- Large Retail Agents
- Stand-Alone ERPs
- Reinsurance Brokers
Who We Serve
As one of the nation’s largest firms writing Insurance Agents & Brokers E&O, PL Risk Advisors has a unique perspective in this risk. We insure over 400 agents and brokers. We specialize in large multi-faceted insurance agencies seeking a solution for their E&O needs. This includes but is not limited to insurance agencies and brokerages, MGAs, MGUs, program and captive managers, specialty lines agencies, surplus lines agencies, wholesalers, RRGs, and those specializing in hard-to-place risks or that may not be eligible for standard programs due to their type of business or loss history.
We will review your exposures to ensure that your E&O coverage responds to your risk profile. Additionally, our years of industry experience provide us with an in-depth understanding of the marketplace, coverages, terms, and exclusions to obtain the coverage you need.