Does anybody know where I can get E & O insurance for my new start up P & C agency? Most of them I contacted don't accept new start up. If anybody knows the price range, it will be helpful too.
I'm a new start-up also. Calsurance. Tell them you are getting an appointment and show them proof. The quote I got was $2450 due to be a new start-up. thats P&C and L&H. It will reduce after a few years.
I am throwing myself into this new market as well. Have been focused on L&H. Taking the P&C test 12/12. Have E&O already for existing lines and have targeted Hartford, Travelers, Zurich and Safeco to become appointed. Is it really difficult to become appointed as P&C agent if you are breaking into this market?
My advice is don't waist your time on the site. Get the phone number from there and call directly.
I have been in the P&C industry for many years and a few years ago started a new scratch agency. Had to shop for carriers for this new agency. CNA came back at about 1100 for P&C and L&H. May be completely different in which ever state you are in.
I would hate to put up the money or even finance the money without being able to get contracted!!! What I am reading on some threads is this is an issue if you are new to P&C...any insurers out there willing to reply?