E&O for Insurance Agents - P&C, Life, Health - Professional Liability

E&O Insurance for Insurance Agents, Brokers, Agencies, MGAs and Wholesalers - P&C, Life, Accident/Health

We're retail insurance brokers and our goal is to provide you with coverage for errors and omissions insurance (E&O insurance) from a highly rated insurance company promptly and at a reasonable cost. We work with numerous admitted and non-admitted carriers and can offer E&O insurance to insurance agents, brokers, and agencies writing any type of P&C, life, and accident/health insurance. Even if you're having difficulty finding E&O insurance because of your specialty or a history of claims, we can help.

This website is designed to provide you with information regarding the E&O insurance products we offer and easy access to our applications. To request quotes, please first verify that we operate in your state (see list below). Complete an application and return to us. Do not hesitate to call us if you have any questions.

CB Malaga Insurance Services LLC operates in the following states
Arizona, Arkansas, California, Colorado, Connecticut, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Michigan, Minnesota, Missouri, Nebraska, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming.

What Type of Insurance Agents can you provide E&O Insurance for?

We can provide E&O insurance for all types of insurance agents and brokers, including:

P&C Insurance Agents

Life, Accident/Health Insurance Agents

P&C Insurance Wholesalers

Life, Accident/Health Insurance Wholesalers

MGAs/MGUs

Whether you're an experienced or a newly licensed agent, we have a market for you.

Why is it Important for an Insurance Agent to have E&O Insurance?

Insurance agents and brokers face significant exposure to professional and malpractice claims, including the following:

Failure to recommend the proper insurance product

Failure to bind or renew insurance policy on time

Failure to recommend adequate policy limit

Failure to provide correct specimen policy for review

Failure to disclose policy exclusions

Failure to disclose material information

Most E&O lawsuits against insurance agents are filed by insureds whose claim was denied or only partly covered by the insurance company and who blame their insurance agent for the shortfall. Litigation for this type of claim can be lengthy and costly.

Also, insurance companies, wholesalers, MGAs, and state insurance departments generally require that their insurance agents carry E&O insurance.

It is therefore vital for insurance agents and brokers to have E&O insurance protection.

What Coverage does an E&O Insurance Policy provide Insurance Agents?

E&O insurance policies for insurance agents are usually issued on a claims made form. The E&O insurance policy generally covers claims made against insurance agents and brokers by reason of an error or omission in the performance of professional services.

As no two policies are the same, it is important that prior to purchasing an E&O insurance policy, insurance agents review the coverage, including all endorsements, with special attention to limitations and exclusions, to ensure that the policy provides adequate protection.

What's the Difference between a Claims Made Policy and an Occurrence Policy?

A claims made policy generally covers claims which are reported to the insurance company during the policy period, regardless as to when the act that gave rise to the claim occurred, but as long as that act was on or after the retroactive date.

An occurrence policy generally covers claims arising from acts which occurred during the policy period, regardless as to when the claim is reported to the insurance company.

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