Where can I get cheap Error & Omissions

Discussion in 'Getting Started Selling Insurance' started by [email protected], Sep 22, 2008.

  1. upnsmoke2005@
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    [email protected] Active Member

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    I been appointed with a few carriers. But from what I learned, most reputable life insurers require e&o. I been searching the net but the cheapest I have found is 1mill of coverage for $595 for the year. I have heard of companies that have rates as low as $400. Any of you direct me to a company that has some of the best rates?

    Thank you
    JB - Detroit
     
  2. xrac
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    xrac Well-Known Member

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    There is probably a thread on this subject about once per week. A search will turn up the information you are looking for.
     
  3. upnsmoke2005@
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    [email protected] Active Member

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    ran a search for E&O but nothing came up
     
  4. joshril
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    joshril Well-Known Member

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  5. upnsmoke2005@
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    [email protected] Active Member

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    Still nothing.. The system says there is an error in the wording and nothing I tried has worked. Just looking for some cheap e&o insurance and would love any good recomendations

    Thanks
     
  6. insuranceconceptscindy
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    insuranceconceptscindy Well-Known Member

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    BCS Insurance has a pretty good rate, you'll have to be appointed with Blue Cross to get their deal. I've been happy with them.
    Good luck!
     
  7. upnsmoke2005@
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    [email protected] Active Member

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    Wow all these insurance agents on this site, seems like someone would have some affordable E&O. Anyone wanna share who?
     
  8. patch36
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    patch36 Well-Known Member

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    I think mine was through a discounted program at NAPA from Great American. Lots of carriers have discount deals for E&O. I saw a price for CNA E&O of $400 if you join IHIAA, which is well known on this site if you search and read. That is a good price and the savings is enough to pay for their annual dues and gives you access to a lot of educational information, if you need it. ;)
     
    Last edited: Sep 23, 2008
  9. Crabcake Johnny
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    Crabcake Johnny Well-Known Member

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    I should have E&O in place through CNA within a few days for $400 annual which is 1M/1M.
     
  10. upnsmoke2005@
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    [email protected] Active Member

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    Thank you all for the info. Im gonna look into the IHIAA it looks like it could help a great deal since im new to the industry
     

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