.
General liability insurance
This policy covers basic insurance agent risks, such as customer property damage and injuries. Bundle with property insurance for savings in a business owner’s policy.
BEST FOR
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Slip-and-fall accidents
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Damaged customer property
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Libel or slander lawsuits
Business owner’s policy
A BOP bundles property insurance and general liability insurance under one plan. It's often the most cost-effective type of commercial insurance for insurance professionals.
BEST FOR
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Customer injuries
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Damaged customer property
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Damaged business property
Errors and omissions insurance
This policy, also called professional liability insurance, can cover legal fees related to work performance. For example, it could help an agent sued for negligence in a claims dispute.
BEST FOR
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Accusations of negligence
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Lawsuits from dissatisfied clients
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Work errors and oversights
Workers’ compensation insurance
Workers’ compensation insurance is required in almost every state for insurance agencies that have employees. It can cover medical costs for work-related injuries.
BEST FOR
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Employee medical expenses
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Partial missed wages
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Lawsuits over employee injuries
How much does business insurance cost for insurance professionals?
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Several factors will have an impact on insurance costs, including:
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Business property and equipment value
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Business equipment and property
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Location
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Number of employees
