Compare business insurance quotes for actuaries
Save money by comparing insurance quotes from multiple carriers.
Business Insurance for Actuarial Services
Compare multiple quotes from top carriers with one application.
We partner with trusted A-rated insurance companies
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.
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
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.
BEST FOR
- Slip-and-fall accidents
- Damaged customer property
- Libel and slander lawsuits
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.
BEST FOR
- Risk calculation errors
- Professional negligence lawsuits
- Project scope disputes
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.
BEST FOR
- Customer injuries
- Damaged business property
- Business interruption incidents
Workers’ compensation insurance
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.
BEST FOR
- Employee medical expenses
- Missed wages
- Legal costs
Looking for different coverage? See more policies.
How much does business insurance cost for insurance professionals?
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
What our customers are saying
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.