Business Insurance for Actuarial Services

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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

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.

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?

Woman calculating costs in front of insurance symbols.

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

What our customers are saying

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