It is estimated that one out of every five agents has an error or omission “incident,” every single year, and one out of eight agents actually has a claim.
A staggering 22% of agents had claims in the last five years! Insurance Agents NEED Professional Liability Insurance coverage to protect their agency as well as their personal assets. In addition, agents require proof of E&O coverage for an appointment with an insurance carrier.
At AJ Wayne we have access to most of the companies that offer professional liability to insurance agents. Our markets write standard agents, agents with claims activity, or specialty agents.
Because we have a large book of Insurance Agents Errors and Omissions Insurance, we have excellent relationships with our markets. As your advocate, we can often negotiate better terms with the insurance carriers and offer superior coverage options.
