new agency E&O
Moderators: Josh, independent guy
new agency E&O
Does anyone issue E&O for new agencies?.. I am having a heck of a time with this. I also am having a heck of a time with production/commission projections.. Any advice?
E & O for Independent Ins Agencies
I have several extremely competitive markets for E & O for independent insurance agencies in AZ and NV. It appears you are located in OH. and I would have to determine licensing issues prior to helping you.
For all producers in AZ, a sample rate is as follows:
P & C Agency over 3 years in business
Life & Health Agents over 3 years in business
Personal and Advertising Injury Coverage
In-house claims Dept.
Varying amounts of retention
Premium Financing available
Claims Made Form
Retro Date Coverage Available with same date on prior dec
NO coverage for MGA's, MGU's, Financial Advisors, Wholesale agencies, TPA's or Viatical Sales.
[b]$5,000 Deductible - Limits of $1,000,000 / $1,000,000[/b]Commission Revenues = $1 - $250,000 12MO Premium ONLY = $1,500
$250,000 - $500,000 = $2,150
$500,000 - $750,000 = $2,625
$750,000 - $1,000,000 = $3,000
$1 million - $1.25 mil = $3,313
CALL OR EMAIL TODAY FOR THE LOWEST E & O IN ARIZONA
Mark 1-800-840-3180 or mhutch69@aol.com
NEVADA RATES AVAILABLE
For all producers in AZ, a sample rate is as follows:
P & C Agency over 3 years in business
Life & Health Agents over 3 years in business
Personal and Advertising Injury Coverage
In-house claims Dept.
Varying amounts of retention
Premium Financing available
Claims Made Form
Retro Date Coverage Available with same date on prior dec
NO coverage for MGA's, MGU's, Financial Advisors, Wholesale agencies, TPA's or Viatical Sales.
[b]$5,000 Deductible - Limits of $1,000,000 / $1,000,000[/b]Commission Revenues = $1 - $250,000 12MO Premium ONLY = $1,500
$250,000 - $500,000 = $2,150
$500,000 - $750,000 = $2,625
$750,000 - $1,000,000 = $3,000
$1 million - $1.25 mil = $3,313
CALL OR EMAIL TODAY FOR THE LOWEST E & O IN ARIZONA
Mark 1-800-840-3180 or mhutch69@aol.com
NEVADA RATES AVAILABLE
