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Life Insurance Agent E&O

E&O Insurance for Life Insurance Agents. Get a quote and buy online — you could save up to 20%. **

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E&O Insurance for Life & Health Insurance Agents Who Take Their Work Seriously

Every Life & Health Insurance agent knows the truth: people rarely see the full weight of your job.

  • check They see the policy — not the hours you spend making sure it’s right.
  • check They see the signature — not the responsibility behind it.
  • check They see the outcome — not the hundreds of decisions that led there.

Yet you carry that weight every day.

And in a business built on trust, even the most careful insurance professional can be accused of making a mistake. A missed disclosure. A misunderstood conversation. A form someone says you never explained.

That’s why your E&O Insurance for Insurance Agents should be built with clarity, strength, and respect.

Not as a box to check.

But as protection for your professional identity.

Coverage for Life Insurance Agents Backed by Nationwide Insurance

This isn’t a generic professional liability policy rewritten to sound “insurance-friendly.”
This policy was built from the ground up for:

  • check Life & health insurance agents
  • check Agents who also write limited personal-lines P&C
  • check Insurance agencies with employees or contracted producers
  • check Newly licensed agents building their first book
  • check Experienced agents managing long-standing relationships

And the most important part?
Everyone gets the same high-quality coverage foundation.
No “starter policy.” No stripped-down version for new agents. No shortcuts.

What changes—very simply—are:

  • check Your eligibility
  • check Your available limits & deductibles
  • check Whether the policy covers just you, or your agency and its people

Everything else stays consistent, strong, and backed by Nationwide Insurance.

What’s Covered? (For ALL Agents and Agencies)

Our E&O Insurance policies include:

  • check Professional Liability Protection for life, health, disability, accident, annuities, and advisory services allowed under your license.
  • check Defense for Regulatory Investigations — including inquiries from state departments of insurance.
  • check Privacy Claims Defense — accidental data disclosure, email mistakes, and security lapses.
  • check Coverage for Online & Social Media Communications — because today’s conversations happen everywhere.
  • check Protection for Your Agency Name, Trade Name, or DBA — extending to the identity you do business under.
  • check Prior Acts Protection — so your history is covered, too.
  • check Extended Reporting Period Options (tail coverage) — for when you retire or leave the business.
  • check Nationwide Insurance Stability — trusted claims handling and financial strength.

What Type of Insurance Agent or Agency are You?

Perfect for: Established life & health insurance agents seeking long-term stability, flexible limit options, and predictable E&O protection.

Eligibility

  • check Licensed as a life and/or health insurance agent for two years or more
  • check Available across all revenue levels, subject to underwriting
  • check Primary focus on life & health insurance; optional limited P&C where elected
  • check Coverage applies to the individual producer operating under their own name or DBA

Who Is Covered

  • check You, as the named individual insured
  • check Vicarious liability for your trade name, agency name, or DBA
  • check Clerical or administrative staff, while acting on your behalf

Limits

  • check $1,000,000 per claim / $1,000,000 aggregate
  • check $1,000,000 per claim / $3,000,000 aggregate
  • check $2,000,000 per claim / $2,000,000 aggregate (where available)

Deductibles

  • check Standard professional liability deductible for life & health claims
  • check Optional separate deductibles for P&C claims if selected
  • check Defense costs follow policy terms outlined in the specimen policy

Perfect for: Agencies with multiple producers, employees, or contracted agents that need unified E&O protection under a single policy.

Eligibility

  • check Formed as an LLC, Corporation, or Partnership
  • check Majority of revenue derived from life & health insurance products
  • check Property & casualty revenue permitted within underwriting thresholds
  • check Agency supervises, reviews, or approves activities of insured producers

Who Is Covered

  • check The agency entity itself
  • check Owners and officers acting on behalf of the agency
  • check Employed licensed agents
  • check Contracted or appointed agents acting under the agency’s supervision
  • check Clerical and administrative employees

Limits

  • check $1,000,000 per claim / $1,000,000 aggregate
  • check $1,000,000 per claim / $3,000,000 aggregate
  • check $2,000,000 per claim / $2,000,000 aggregate

Deductibles

  • check Standard professional liability deductible
  • check Higher deductibles apply to commercial-lines P&C coverage (where elected)
  • check Defense expenses follow Nationwide policy terms

Perfect for: Life & health insurance agents who also write Property & Casualty Insurance and want blended E&O protection without maintaining multiple policies.

Eligibility

  • check Licensed for life & health insurance, with additional P&C licensing in your state
  • check P&C revenue within allowable underwriting thresholds
  • check Personal-lines P&C permitted; limited commercial-lines available where allowed
  • check Coverage applies to the individual producer

Who Is Covered

  • check You, as the licensed agent
  • check Your trade name or DBA
  • check Clerical or administrative staff performing duties on your behalf

Limits

  • check $1,000,000 per claim / $1,000,000 aggregate
  • check $1,000,000 per claim / $3,000,000 aggregate
  • check $2,000,000 per claim / $2,000,000 aggregate (where approved)

Deductibles

  • check Standard deductible for life & health professional services
  • check Separate personal-lines P&C deductible applies
  • check Separate commercial-lines deductible applies (if elected and allowed)

Perfect for: Newly licensed life & health insurance agents building their first book of business who want full-strength E&O protection from day one.

Eligibility

  • check Licensed as a life and/or health insurance agent for less than two years
  • check Less than $100,000 in total commission and fee income in the prior year
  • check Writing primarily life and health insurance; optional limited P&C where elected and allowed
  • check Coverage applies to the individual producer

Who Is Covered

  • check You, as the individually licensed agent
  • check Vicarious liability for your agency name, trade name, or DBA
  • check Clerical or administrative staff acting on your behalf

Limits

  • check $1,000,000 per claim / $1,000,000 aggregate

Deductibles

  • check Standard deductible for life & health professional services
  • check Separate deductibles apply if optional P&C coverage is selected
  • check Defense costs handled as outlined in the specimen policy

Download the Policy

This specimen reflects the core wording used for Insurance Agent E&O Insurance coverage. Your declarations page will identify your chosen limits, deductibles, and endorsements.
View Policy Specimen

Policy Specimen

Policy Delivery Disclosures

All policy documents and most policy-related communications are delivered electronically by default, where permitted by law. You can review or update your delivery preferences at any time through your AdvisorCovered.com account. Paper copies may be available upon request, subject to applicable law.

  • check This website provides only a general summary of coverage. For complete details on covered professional services, definitions, exclusions, limits, deductibles, and conditions, please review the specimen policy form and endorsements provided with your quote and issued certificate.
  • check By enrolling in this E&O insurance program, you acknowledge that coverage is provided through the Financial Services Professional Liability Risk Purchasing Group, a purchasing group formed pursuant to the Federal Liability Risk Retention Act. Each member of this purchasing group is insured for separate limits of liability and is individually responsible for payment of all premiums, fees, and applicable taxes.
Nationwide Insurance Group

E&O insurance offered through AdvisorCovered.com is backed by the Nationwide Insurance Group, providing the financial strength and stability you expect from a nationally recognized carrier.

Coverage is subject to underwriting approval, the terms and conditions of the issued policy, and applicable state law. Coverage may not be available in all jurisdictions.

Your Program Administrator

The AdvisorCovered E&O Insurance Program is administered by IronPoint Insurance Services, LLC. Administrative services include application processing, policy review and issuance, electronic document delivery, premium billing and payment processing, mid-term policy changes, issuance of certificates of insurance, renewal management, and customer support.

IronPoint Insurance Services, LLC
California Insurance License No. 0G87821
Licensed in additional states as required for the placement and servicing of E&O coverage.

Nationwide Insurance is the underwriting carrier responsible for all contractual obligations of the policy, including claims handling and defense. Claims must be reported in accordance with the reporting instructions contained in the issued policy form.

For questions regarding enrollment, billing, endorsements, or policy servicing, please contact the AdvisorCovered support team or visit our Frequently Asked Questions for more information.

Disclosure: Could You Save 20%?

AdvisorCovered.com performed an internal review of Insurance Agent and RIA policies issued from March 2024 – March 2025. Premiums for new policies were compared against applicant-provided prior policy costs when available. The average premium difference observed was approximately 18%, with a meaningful portion of insureds experiencing differences of 20% or more after switching to AdvisorCovered.com. Individual premiums vary based on gross annual revenues, limits selected, optional coverages, services performed, and underwriting characteristics. Savings are not guaranteed.