E&O insurance?

Any suggestions on where or from what company I can buy affordable E&O insurance? I'm in GA with a soon-to-be life and health license.

Nat'l Asso of Professional Agents has been recommended to me by a business associate. If anyone can look over the application and give me their opinion, I'd REALLY REALLY appreciate it! I can email it to you.

Most have answered your question AS IF you were going to be a P&C agent - not life and health!

I would start off by contacting your local chapter of the National Assoociation of Insurance and Financial Advisors. This group USED to be the National Association of Life Underwriters. You might contact the National to see where there is a local association.

Some of the answers stated THOUSANDS of dollars for E&), and in the P&C market, they'd be right on - but, there doesn't seem to be that much premium in the life/health arena. I recenlty had a life producer call me for places he could check on HIS E&O and when I asked him what he was paying, he told me "Wow....it's up to almost $900 per year now!!" I told him to PAY it and don't waste his time!

You might even contact your State PIA (Professional Insurance Agents) association - if your State has its own program, you might find some relatively inexpensive rates ther as well.

Good luck and welcome to the business!

Assuming you want that e&o insurance to cover an insurance agency, the best place to go is your local independent agent association www.iiaa.org .

It's GOING to start at $2500, with a $5,000 per claim deductible. And no prior acts coverage. That's what it costs. If you're looking for something cheaper, it isn't out there.

Merriam Insurance Co. They are out of NY and have very reasonable rates. Good luck- hope this helps!!

Insurance agents unfortunately get hit really hard when it comes to E&O. I would recommend contacting the Independent Insurance Agents of Georgia. www.iiaba.org is the national site and they can refer you to your local chapter. They can usually help you find a reasonable deal. Affordable is unfortunately a relative term, you may see a certain premium is as much more expensive than I do or vice cersa so it's hard to say what you are talking about.

Keep in mind when you purchase E&O, you get what you pay for, just like Health and Life insurance.

Good luck to you!

we have ours thru Assurant Health..... Some of your appointed companies that you will sell for might have a E& O deal with certain companies

My e&o costs $39 a month, $1million in coverage.

It it through Assurity.