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We insure most businesses.
Insureon helps property and casualty insurance agents and other insurance professionals protect their businesses. With the right property and liability coverage, your business can recover quickly from lawsuits and other risks.
E&O insurance covers legal defense costs related to work performance, such as a P&C agent sued for negligence in a claims dispute. It's also called professional liability insurance.
This policy covers basic third-party risks, such as a customer who suffers an injury at your insurance agency. Bundle it with property insurance for savings in a business owner’s policy (BOP).
A BOP bundles property insurance and general liability insurance under one plan. It's often the most cost-effective type of commercial insurance for insurance professionals.
Most states require workers' comp for insurance businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy is required for cars and other vehicles owned by an insurance business. It helps cover medical bills and property damage if the vehicle is involved in an accident.
Cyber insurance helps insurance businesses recover from data breaches and cyberattacks. It's strongly recommended for any business that handles private information.
Several factors will have an impact on your business insurance costs, including:
It’s easy to find business insurance for insurance agents and other insurance professionals. Whatever your specialty, you’ll need to have some basic information about your business available.
Our application will ask you for your annual revenue and payroll, among other details. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed insurance agents work with top-rated U.S. providers to find the right coverage for your insurance business, whether you work as an independent agent or hire employees.
Hear from customers like you who purchased small business insurance.
E&O insurance, also called professional liability insurance, provides crucial protection in the event of a lawsuit. Because your work can directly impact a client's finances, you face a high risk of lawsuits. For example:
If you're sued, errors and omissions insurance can help pay for attorney's fees, court costs, court-ordered judgments, or even a settlement.
Each state has its own licensing requirements for insurance agents and brokers. If you try to sell insurance without a license, you could face severe penalties, including jail time.
To become an insurance agent, you'll need to fulfill your state's requirements. For instance, you may need to:
You can still perform some tasks in an insurance agency without a license, such as returning calls, setting up meetings, and assisting with paperwork.
To fully protect your insurance agency or other insurance business from costly risks, you may need additional types of coverage. For example, you may want to consider:
Once you secure clients, your insurance business can start relying on premium renewals to bring in revenue. So, how does a new insurance agent get clients in the first place? Here are our top five...