Whether working independently or as part of a firm, actuaries need business insurance to defend against potential lawsuits. In addition to common risks that every business faces, actuaries could also be held liable for errors that cause their clients to lose money, making business insurance vital.
With Insureon, actuaries can get insurance coverage the same day they apply for quotes.
Fill out our easy online application to compare quotes from top-rated providers.
These insurance policies cover the most common risks of actuarial work.
This policy covers basic risks, such as customer injuries and other accidents at your actuarial business. Bundle with property insurance for savings in a business owner’s policy.
This policy, also called errors and omissions insurance or E&O, can help cover legal expenses when an actuary is sued for late, inaccurate, or unsatisfactory work.
A business owner’s policy bundles commercial property insurance and general liability coverage. A BOP is one of the most cost-effective insurance policies for actuarial consultants.
Most states require workers' comp for actuary businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
Commercial auto insurance helps pay for expenses after an actuary's vehicle is involved in an accident. Each state has its own requirements for auto liability insurance.
This policy helps actuaries recover financially from data breaches and cyberattacks. It's strongly recommended for any small business that handles sensitive information.
A small business with a few actuaries will pay less for insurance than a larger company.
Factors that affect premiums include:
It's easy to get actuary business insurance if you have your company information on hand. Our application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed agents work with top-rated U.S. providers to find the right coverage for insurance actuaries, whether you work independently or hire employees.