Insurance Required for a New Agency?

[fla2013]

Hi - I'm starting up a new independent brokerage agency that will be selling personal lines P&C, individual life and disability. We're resident licensed in NY and will be getting non-resident licensed in a handful of other states. Other than a good E&O policy, what other types of insurance coverage should I get for the agency?

Thanks in advance for the advice!

 

[nyc2phi]

Your starting up an insurance agency and you don't know what insurance to get for your own agency ?

A basic BOP policy to protect all your business personal property and general liability would be a start.

Where in NY will you be located?

 

[blue_wynd]

Your starting up an insurance agency and you don't know what insurance to get for your own agency ?

A basic BOP policy to protect all your business personal property and general liability would be a start.

Where in NY will you be located?

In the man's defense; he didn't mention commercial lines.