E&O Insurance for Insurance Agents

Cover your career and reputation in minutes.

Cinch™ offers industry-leading errors and omissions (E&O) insurance with the speed and ease that you’ve come to expect from modern, technology-focused companies. The efficiency we’ve built into the process means lower prices. (On average, we save customers 20%.)* You can get a quick quote and buy a policy that’s effective today, or up to a year in advance. And since Cinch is part of Berkshire Hathaway Specialty Insurance (BHSI), you can feel secure in knowing that you’re partnering with a company that’s focused on the long term.

Why Should I Choose Cinch for My E&O Insurance?

At Cinch, we’re working to create a better insurance experience by offering affordable coverage and outstanding service. Here are a few things that set Cinch apart:

  • Financial Stability: BHSI is part of Berkshire Hathaway’s National Indemnity group of insurance companies, consisting of National Indemnity and its affiliates, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s.
  • Industry-Leading Claims Handlers: With a nationwide network of experienced claims handlers, our team will be right there to help you navigate the process if a claim is ever filed against you.
  • Competitive Pricing: Buying direct from us can save customers as much as 20%—and, in some cases, even more.*
  • Simplified Experience: We’ve created a modern and intuitive digital insurance experience. You’ll get your policy documents as soon as you purchase, and you’ll be able to access your online account 24 / 7. We also aim to cut the jargon and talk to you like the smart, professional HUMAN that you are.

Why Do People Sue Insurance Agents?

Among other reasons, clients may bring a claim alleging that their insurance agent failed to:

  • Review the clients’ specific insurance needs;
  • Procure coverage for the clients (or procure it in a timely manner);
  • Provide the clients with adequate coverage, given their exposures;
  • Accurately explain the terms or extent of the coverage to the clients;
  • Send premium due and cancellation notices to clients (if this authority is delegated to the agent);
  • Transmit accurate information to the insurer; and,
  • Collect or send premiums to the insurer in a timely manner.

While providing services to a client, you might mistakenly cause them harm, which could result in them suing you. Or a client could accuse you of causing harm, and now you need a lawyer to defend yourself. Having a professional liability policy can help protect you in these types of situations.**

How Much Does an Insurance Agent E&O Policy Cost?

E&O policies for insurance agents start at about $480 a year. However, the price of your particular policy will depend on a variety of factors, including—but not limited to—where you work, your preferred limits of liability, experience, revenue, and the number of claims previously filed against you.

The best way to get an accurate idea of what your policy would cost is by filling out our quick online application to receive a quote. The process takes a minute or two, and—if you choose to purchase—your policy can go into effect any day you’d like, including today.

Does Cinch Offer E&O Insurance for Property and Casualty Agents?

Yes. Cinch offers E&O policies for property and casualty insurance agents.

Can I Buy E&O Insurance for My Team of Insurance Agents?

Absolutely. We offer policies for either you individually or for your insurance agency.

I Sell a Variety of Insurance Policies, Including Annuities, Life Insurance, and Property and Casualty Policies. Am I Covered?

Yes, we do offer insurance for professionals who work with a variety of products. When you apply for insurance with us, we’ll need you to give us the approximate percentage of revenue generated from each product category.

Do You Offer Insurance for Professionals With Under Three Years of Experience?

Yes. Cinch insures professionals with less than three years’ experience.

We started Cinch because we believe that we can make insurance better, faster, and more affordable by offering you a direct connection with an insurance company that cares about your needs. That means that you buy directly from us and you talk directly to us. We know you expect fast, seamless results from a company that really understands you—and that emphasis on technology, compassion, and customer satisfaction is all built into the Cinch mission.
Adam Yasan VP, Cinch

What’s Covered Under the Cinch Professional Protection™ Plan?

Professional Liability Coverage
Disciplinary Proceeding Reimbursement
Wage Loss/Deposition Expense Coverage
Relationship Protection
Contingent Bodily Injury or Property Damage
Retroactive Date

* “20% savings” is based on industry pricing averages.

** Quote and issuance of a policy are conditioned upon receipt and approval of the following 1) Practice Location; 2) Profession / Specialty; 3) Employment Status; 4) Coverage Type; 5) Hours Worked; and 7) Prior Claims Activity. Final pricing and terms of coverage may vary.

*** Terms, pricing, and coverage may vary.