A data error, miscommunication, or injury at your office could put your business at risk. Protect it with insurance policies designed for actuaries.
These policies provide coverage for the most common risks actuaries face.
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 property insurance and general liability insurance. A BOP is one of the most cost-effective insurance policies for actuarial consultants.
Workers' compensation insurance is required in almost every state for businesses with employees. It covers medical costs when an actuary is injured on the job.
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.