June 1

Best E&O Insurance for Insurance Agents

Last Updated: January 28, 2022

If you are an insurance agent, then you know how important it is to have the best E&O Insurance. If you don't, your license could be revoked and that would mean no more income. Best of all, there are many different types of E&O Insurance available to choose from! In this blog post, we will talk about what makes a good policy and which companies offer the cheapest E&O insurance for agents in your area! 


4 Best E&O Insurance for an Insurance Agent 


CoverWallet’s online quote method is simple to use and gives you the option to choose your own deductible and coverage amounts. Best of all, CoverWallet offers a wide variety of E&O Insurance plans for insurance agents who need great rates on E&O policies! 


CNA is the biggest provider of E&O insurance in the United States and offers a variety of insurance coverages that are sure to meet your needs. Best of all, CNA offers E&O Insurance at low rates and with a 24/48-hour turnaround! 


When it comes to the cheapest E&O policy for agents in your area, you can’t go wrong by going with e-INSURE. Best of all, e-INSURE can provide you with a wide variety of E&O Insurance coverages at the lowest possible rates! 


Progressive is another company that specializes in providing the best possible rates on E&O Insurance to insurance agents across the country. Best of all, Progressive has great customer service and an easy online quoting process. 

Ways to Find the Cheapest E&O insurance 


Choosing the right deductible is important when it comes to finding cheap E&O Insurance. Higher deductible policies usually have lower premiums! 

Coverage Amount:  

The coverage amount is another key aspect that can affect how much your policy costs. The coverage amount is important because it determines how much you can be sued for. 


Choosing an E&O Insurance plan with e-commerce protection will help you protect your business and can save money on rates. Having this type of insurance coverage means fewer errors and more time to make money! 

Experience Modifier:  

The experience modifier is another important factor that affects the cost of your E&O Insurance policy. Experience modifier is a percentage that is added to your policy and ranges from 20% - 50%. The experience modifier can be lowered or raised depending on how long you've been in business. 

Frequently Asked Questions

Q. Who has the best E&O insurance?

  • Nationwide.
  • Chubb.
  • State Farm.
  • The Hartford.
  • Hiscox.

Q. What type of insurance does an insurance agent need?

Agents and other insurance professionals need general liability insurance. Customer injury, customer property damage, and advertising injury are all covered by general liability insurance.

Q. How much E&O do I need?

This is dependent on your requirements. The Signing Professionals Workgroup recommends a standard of $25,000 as a minimum.


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