E&O Startup Agency

In terms of E&O, we categorize start-up agencies into 2 categories:

  1. True Rookies with no experience in insurance, new license holders. If this describes you, we have options to consider. If you are looking to find a price point for your business plan, you can expect to pay around $1,500 for insurance. Keep in mind that since you have no prior track record, a carrier has nothing to benchmark your professional skill level.
  2. Those who have at least 3 years’ experience. With a business plan (we can provide a template) and resume outlining your prior sales, agency management and other experience, Swiss Re has programs that we can consider. Premiums range from $600 to $1000 depending on a number of factors.


Are you new to the insurance industry and want to get started? Download the Start Up Agency Paper Application. IIAW has additional products and services available to startup agencies upon request!

Learn more about E&O Discounts

If you obtain your professional liability coverage through IIAW Risk Purchasing Group program you have access to a plethora of credits and discounts!

Next: E&O Discounts