Errors and Omissions Insurance for P&C Agents

You provide protection for your clients; who is protecting you?

E&O liability insurance is a necessity for every P&C agency. CITA Insurance Services offers an exclusive E&O program for P&C Agencies. Let CITA Insurance Services help protect your business and reduce out-of-pocket expenses. Some of our E&O program advantages include:

E&O Program Highlights*

  • Exclusive Program
  • A+ XV A.M. Best-Rated Carrier
  • Admitted Coverage
  • Easy, Online Application
  • Streamlined Renewals
  • In-House Underwriting
  • In-House Claims Management

E&O Coverage Highlights*

  • First Dollar Defense
  • Defense Costs Outside the Limits of Liability
  • Low, Capped Deductible (2X Aggregate)
  • Specified Provider Deductible Option
  • Up to 80/20 Consent to Settle Option
  • Personal Identity Event Cyber Coverage Option
  • Diminishing Deductible

Complete an Errors and Omissions Insurance for P&C Agents Application:

Complete your Errors & Omissions Insurance for P&C Agents application online!

OR select a State to download a PDF version

Errors and Omissions Insurance for P&C Agents Program Documents:
Property & Casualty Agent E&O Insurance Specimen Policy
Property & Casualty Agent E&O Insurance Program Highlights

Errors and Omissions Insurance for P&C Agents Links:
Reporting A Claim

This general product description is informational only and is not an offer or a quotation of coverage.   Please refer to the policy for all terms, conditions and exclusions.  All submissions are subject to underwriting.  Coverage may not be available in all jurisdictions.

How do I select the best Errors and Omissions Insurance for P&C Agents coverage for my business?

When it comes to Errors and Omissions Insurance for P&C Agents, not all policies are created equal. Similar premiums do not guarantee similar coverage. Additionally, policies may renew with important changes that affect your coverage. Consider using the tips below when purchasing or renewing your E&O coverage:

  • Review your current Errors & Omissions Insurance policy. If you have renewed coverage for several years without rereading your policy, your current business activities may not be covered. Changes in your business, such as providing additional services, may require additional coverage.
  • Look beyond the lowest premium quote. Identify whether the policy offers the benefits you need in addition to competitive rates.
  • Select a policy that will grow with your Property & Casualty Insurance business. Do you plan to offer additional services or expand your scope of business?

Ultimately, your Property & Casualty Agent E&O Insurance policy should provide coverage that best matches the products and services you offer and the size of your book of business.

CITA’s Errors and Omissions Insurance for P&C Agents policy offers competitive features and the flexibility to customize coverage for your P&C business.

Debunking Common Myths about Property & Casualty E&O Insurance Coverage

1. I document all my business transactions so I’m protected should a claim arise.

Although you may utilize a traditional or online filing system, many agreements or promises made regarding the sale of an insurance product are completed verbally, by telephone or in person. Often times, these conversations, or portions of the conversation, remain undocumented. As a result, a large number of E&O claims become a “he said, she said” scenario that can result in losses for an agent. In this instance, E&O insurance would help agents pay for legal or settlement fees associated with a claim, lawsuit and/or litigation.

2. E&O insurance is not necessary because I never make mistakes.

Agents with a perfectly error free business history have experienced claims “out of the blue” from clients for a number of reasons. Regardless of the whether or not the agent is at fault, the agent must respond to the claim and spend time and money resolving the claim. E&O insurance reduces the time, effort, and cost of dealing with a claim, allowing the insurance agent to continue focusing on selling policies instead of responding to a claim.

3. I no longer sell insurance so I will never have a claim brought against me in the future.

It is possible for a client to bring a claim against an agent even after the agent has retired. Many scenarios occur in which a client finds a coverage error or omission after the agent who sold the policy has retired or moved on to a different career path. Because insurance agents are always susceptible to claims, even after retirement, continuous E&O insurance protection is necessary to help reduce loss and mitigate costs associated with an E&O claim.

4. E&O insurance is too expensive and I probably won’t need it.

Errors and Omissions Insurance for P&C Agents coverage can be affordable and comprehensive for insurance agents who know how to find the right policy for the business they conduct. By selecting insurance coverage that is customized to an agent’s individual needs, agents not only receive E&O protection, but they also only pay for the coverage they truly require. Agents can’t predict when or if they will experience a claim in the course of their career. Because of this, no agent can say with certainty that E&O insurance is something they will not need in the future. In fact, some agents experience an E&O claim for the simplest errors he or she had never realized making. As a result, E&O insurance becomes the most affordable way to stay protected from potential loss associated with E&O claims.