Life & Health Agent Policy Highlights
Provides coverage for the sale and servicing of life, accident, and health insurance and managed care organization contracts.
Preferred Risk Rates
Immediate Proof of Insurance
Claims Made and Reported Policy
Extended Tail Coverage
A Rated (Excellent) Carrier
Who We Are
EOCoverage.com is a leading provider of E&O coverage for life and health insurance agents. Our program is administered by Pearl Insurance, one of the nation’s oldest and most prominent third party administrators. Our coverage is insured by Aspen Insurance, an A.M. Best A-Rated (Excellent) carrier.
Frequently Asked Questions
Yes! You can purchase and bind Error and Omissions coverage instantly.
Life & Health Agents can be insured for as little as $454 a year. If you prefer to pay monthly the cost is $34.05 per month with an additional down payment of $113.50. We also offer additional levels of coverage including fixed and indexed annuities, variable products and disability income.
Errors and Omissions focuses primarily on professional liability coverage of the agent. General liability usually covers bodily injury and property damage. Many general liability policies contain exclusions on professional liability.
Errors and Omissions insurance generally exclude criminal acts, bodily injury, property damage and punitive fines.
For Life and Health Agents, Error & Omissions is essentially the same thing as professional liability insurance as they both protect the agent from third party claims of economic damages. The terms can be used interchangeably.
Yes, E&O is required for all active life and health insurance agents.
Most professionals should carry an error and omission policy. In particular, any professional that provides a service for a fee.
Error and Omission insurance, also called professional liability, provides coverage in the event of a negligence claim by a client. Any damages awarded to the client are covered under the policy up to the policy limits.