Business Insurance for Actuarial Services

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Actuarial Services
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Save money by comparing actuary insurance quotes

A data error, miscommunication, or injury at your office could put your business at risk. Protect it with insurance policies designed for actuaries.

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One application, multiple quotes

Insureon helps actuaries compare insurance quotes from top U.S. carriers online. Get several quotes with one application.

What types of insurance policies do actuaries need?

These policies provide coverage for the most common risks actuaries face.

General liability insurance icon

General liability insurance

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.

  • Slip-and-fall accidents
  • Damaged customer property
  • Libel and slander lawsuits
Professional liability insurance icon

Professional liability insurance

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.

  • Risk calculation errors
  • Professional negligence lawsuits
  • Project scope disputes
Business owner’s policy icon

Business owner’s policy

A business owner’s policy bundles property insurance and general liability insurance. A BOP is one of the most cost-effective insurance policies for actuarial consultants.

  • Customer injuries
  • Damaged business property
  • Business interruption incidents
Workers’ compensation insurance icon

Workers’ compensation insurance

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.

  • Employee medical expenses
  • Missed wages
  • Legal costs
Looking for different coverage? See more policies.

Why do actuaries need insurance?

Whether operating independently or as part of a firm, actuaries need business insurance to defend against potential lawsuits. Along with the common risks that every business faces, actuaries could be held liable for errors that cause their clients to lose money. Because the stakes are high when there's a mistake or accusation of negligence, business insurance is vital for this profession.

How much does business insurance cost for insurance professionals?

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Several factors will have an impact on insurance costs, including:

  • The type of insurance services provided
  • Value of business property and equipment
  • Location
  • Number of employees
View Costs
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Actuarial Services