Coverage & Pricing
E&O Insurance Cost & Coverage Options
Errors & omissions insurance for Missouri and Kansas licensed insurance agents. Coverage from $1M to $5M. Get an instant quote with no wholesaler needed.
E&O insurance — formally called errors & omissions insurance or professional liability insurance — is required by most carrier appointment agreements for licensed insurance agents. The cost depends on your book, lines of business, and claims history. SmartEO offers coverage options from $1M to $5M through licensed insurance carriers.
What Coverage Limit Options Are Available?
$1M / $1M
Per Occurrence / Aggregate
The most common minimum required by carrier appointment agreements. Covers one claim up to $1M; total annual coverage capped at $1M.
$2M / $2M
Per Occurrence / Aggregate
Appropriate for agencies with higher revenue, multiple lines of business, or carrier appointments requiring higher minimums.
$5M / $5M
Per Occurrence / Aggregate
Higher-limit coverage for agencies with complex books, large premium volumes, or commercial lines exposure.
Coverage limits, deductibles, and payment options are set by the issuing carrier and shown on your quote. Limit availability may vary based on your agency profile.
What Factors Affect E&O Insurance Premium?
Lines of business
Agents writing property & casualty, life, health, and variable products may see different pricing than those writing a single line. Higher-risk lines or complex commercial placements can affect premium.
Annual premium or commission volume
Carriers use revenue or volume as a proxy for exposure. Larger books generally carry higher premiums, though this varies by carrier and program.
Years in business
Newer agencies may face slightly higher rates until they establish a claims track record. Carriers weigh time in business as part of their underwriting.
Claims history
E&O claims in the past 5 years are a major underwriting factor. Most carriers require full claims disclosure; some programs can accommodate a single prior claim.
Prior acts coverage
Most agency E&O is written on a claims-made basis. Prior acts (retroactive date) coverage for work done before the policy start date can affect premium, particularly when switching carriers.
Coverage limit selected
Higher per-occurrence and aggregate limits cost more. Matching your limits to your carrier appointment requirements — and not over-insuring — helps keep premiums reasonable.
How Do I Get an E&O Insurance Quote?
Complete our online application — no phone call, no wholesaler. Most applicants finish in under 10 minutes. We route your application to carriers whose appetite matches your profile and return a written quote showing all costs in plain language.
Get a Free QuotePricing & Coverage Questions
How much does E&O insurance cost for insurance agents?
E&O premiums vary widely. Most independent agents in Missouri and Kansas pay annual premiums ranging from several hundred to several thousand dollars, depending on their book, lines, and claims history. The only accurate way to get pricing is to complete our application and receive a carrier quote.
Is there a deductible on E&O insurance?
Yes. Most agency E&O policies include a deductible — the amount you pay out of pocket before coverage kicks in. Deductible amounts vary by carrier and program. Your quote will show the deductible that applies to your policy.
Can I get E&O coverage if I have a prior claim?
Possibly. Some programs can accommodate a single prior E&O claim, depending on the nature and outcome of the claim. Full claims disclosure is required on your application. Contact us if you have claims history and we'll let you know what's available.
Do I need separate E&O for each carrier appointment?
No. One agency E&O policy covers your professional liability exposure across your carrier appointments, as long as the limits and scope meet each carrier's requirements.
Premium estimates are illustrative only. Actual premiums are determined by the issuing carrier based on underwriting of your specific application. SmartEO and Beacon Point Insurance do not set or guarantee premiums. Coverage is subject to carrier approval and policy terms.
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SmartEO handles the application, placement, and renewal of your E&O coverage so you can spend less time on paperwork and more time on your book.
No commitment required · Coverage available in MO & KS · Operated by Beacon Point Insurance