How Much Is Business Insurance
for Property and Casualty Agents?

When budgeting for your business insurance premiums, it's helpful to look at what other property and casualty insurance agents pay for their coverage.

As you know, insurance costs vary from business to business and household to household. However, because we've insured hundreds of other insurance agents, we can give you a fair estimate on what to expect on your premiums. These sample insurance quotes show the typical range of premiums for a property or casualty insurance agent who gets coverage through insureon.

Note: These insurance quotes are only estimates. Actual costs may vary.

HOW MUCH IS
General Liability Insurance?

What Does General Liability Insurance Cost?

As a property or casualty insurance agent, you understand the importance of General Liability Insurance, which protects you from third-party lawsuits over personal injury, property damage, and reputational damage. GL Insurance covers lawyers' fees, court costs, settlements, and other costs related to these lawsuits.

General Liability Insurance for property and casualty agents typically costs $425 to $440.

Average Premiums, Deductibles and Limits on General Liability Insurance for Property and Casualty Agents
Name USD

Median policy premium:

$425 - $440

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

Varies

To see how the cost of General Liability Insurance for property and casualty agents compares with other industries, visit Insureon's General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Business Owner's Policy?

What Does a Business Owner's Policy Cost?

If you're looking to save money on your coverage, consider a Business Owner's Policy, which offers discounted insurance premiums on General Liability and Property Insurance. BOPs bundle these two policies together, simultaneously giving you lawsuit coverage and insurance for property losses.

Property and casualty insurance agents typically pay $500 to $530 for a Business Owner's Policy.

Average Premiums, Deductibles and Limits on Business Owner's Policies for Property and Casualty Agents
Name USD

Median policy premium:

$500 - $530

Per claim limit:

$1,000,000

Policy limit:

$2,000,000

Median policy deductible:

$500

HOW MUCH IS
Errors and Omissions Insurance?

How Much Is Errors and Omissions Insurance?

As an insurance agent, one of your biggest fears is that you're sued by a client, who has a problem with the policy you sold them. Errors & Omissions Insurance covers lawsuits over coverage disputes, insurance recommendations, and other professional liabilities you have. (See our Insurance Agent Lawsuit Statistics to learn about the most common lawsuits that affect insurance agents.)

Errors and Omissions Insurance typically costs $1,495 to $1902 for property and casualty agents.

Average Premiums, Deductibles and Limits on Errors & Omissions Insurance for Property and Casualty Agents
Name USD

Median policy premium:

$1,495 - $1,902

Median policy limit:

$1,000,000

Median policy deductible:

$2,500

To see how the cost of Errors and Omissions Insurance for property and casualty agents compares with other industries, visit Insureon's Professional Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
Umbrella Insurance?

What Does Umbrella Insurance Cost?

Property and casualty insurance agents can add $1 million in additional lawsuit coverage to their General Liability, Hired and Non-Owned Auto Liability, and Employer's Liability coverage by signing up for an Umbrella Insurance policy. If a lawsuit exceeds the limits of one of these liability policies, your Umbrella coverage will kick in and pay for the extra costs.

Umbrella Insurance for property casualty agents typically cost $404 to $606 in annual premiums.

Average Premiums, Deductibles and Limits on Umbrella Insurance for Property and Casualty Agents
Name USD

Median policy premium:

$404 - $606

Median policy limit:

$1,000,000

Median policy deductible:

$10,000

To see how the cost of Umbrella Insurance for property and casualty agents compares with other industries, visit Insureon's Umbrella Insurance Cost Analysis New browser window icon..

HOW MUCH IS
Workers' Compensation?

How Much Is Workers' Compensation?

Property and casualty insurance firms will most likely need Workers' Compensation Insurance in order to meet state requirements and fulfill their legal obligations as an employer. If an employee is injured at work or develops a work-related illness, Workers' Comp covers medical costs and reimburses an employee their lost income. Policies with Employer's Liability Insurance also cover legal expenses, settlements, and judgments when an employee sues you over injury or illness.

Workers' Compensation premiums typically range between $369 and $715 for property and casualty agents.

Average Premiums, Deductibles and Limits on Workers' Compensation Insurance for Property and Casualty Agents
Name USD

Median policy premium:

$369 - $715

Accident limit:

$500,000

Disease limit:

$500,000

Median policy deductible:

Varies

To see how the cost of Workers' Compensation Insurance for property and casualty agents compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

Free Quote on Insurance for Property and Casualty Agents

Free Quote on Insurance for Property and Casualty Agents

Property and casualty agents can get a free insurance quote by submitting an online insurance application. The process is streamlined so it will only take a few minutes for our agents to process your application and send you free quotes from top-rated insurers.

Grab-n-Go Information

Agent Risks eBook
Risky Business: A Small Business Insurance Guide for Independent Stock Brokers and Insurance Agents
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See a sample Certificate of Liability Insurance, the proof of coverage you need for most contracts.
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Sample Quotes & Cost Estimates
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