Professional Liability Errors and Omissions Insurance Program


We offer discounted Errors & Omissions insurance, also known as professional liability, to agents. It protects them against lawsuits arising out of the rendering or failure to render professional services.

Many general liability policies contain exclusions for professional services, so the E&O coverage helps fill that gap.

Features of our E&O insurance include:

  • Fast and easy online applications
  • Low monthly payment options
  • Instant certificates
  • Customer Service Center
  • Live chat support

Start taking advantage of our E&O program by enrolling now!

Group Medicare & Final
Expense Only
(Level C)
New Agent
(Level D)
Agent
(All Inclusive)
(Level A)
Plus Variable
Annuity &
Mutual Funds
(Level B)
Policy Aggregate
Company A $321 $396 $456 $528 None
Company B $405 $456 $491 $641 $50M
Company C $469 $456 $551 $674 $50M
Company D N/A N/A $592 $695 $20M
Company E $554 $680 $15m

What is covered under each level?

Coverage Level A
  • Sale and Servicing of Life Insurance
  • Health Insurance
  • Long-Term Care
  • Disability
  • Medicare Supplement/Advantage Insurance
  • Final Expense
  • Mortgage Life
  • Fixed and Indexed Annuities

Limit Selection

Each Claim / Aggregate Per Agent – $1,000,000 / $1,000,000 – $456.00

Each Claim / Aggregate Per Agent – $1,000,000 / $2,000,000 – $497.00

Each Claim / Aggregate Per Agent – $1,000,000 / $3,000,000 – $501.00

Each Claim / Aggregate Per Agent – $2,000,000 / $2,000,000 – $539.00

Coverage Level B
  • Sale and Servicing of Life Insurance
  • Health Insurance
  • Long-Term Care
  • Disability
  • Medicare Supplement/Advantage Insurance
  • Final Expense
  • Mortgage Life
  • Fixed and Variable Annuities
  • Mutual Funds and Variable Life

Limit Selection

Each Claim / Aggregate Per Agent – $1,000,000 / $1,000,000 – $528.00

Each Claim / Aggregate Per Agent – $1,000,000 / $2,000,000 – $577.00

Each Claim / Aggregate Per Agent – $1,000,000 / $3,000,000 – $582.00

Each Claim / Aggregate Per Agent – $2,000,000 / $2,000,000 – $628.00

Coverage Level C
  • Sale and Servicing of Final Expense
  • Medicare Advantage/Supplement

Limit Selection

Each Claim / Aggregate Per Agent – $1,000,000 / $1,000,000 – $321.00

Coverage Level D (New Agent)
  • Sale and Servicing of Life Insurance
  • Health Insurance
  • Long-Term Care
  • Disability
  • Medicare Supplement/Advantage Insurance
  • Final Expense
  • Mortgage Life
  • Fixed and Indexed Annuities

Limit Selection

Each Claim / Aggregate Per Agent – $1,000,000 / $1,000,000 – $396.00

What does it cost?

First understand what the levels mean.

Level A is regular coverage

Level B is regular coverage plus mutual funds and variable products

Level C is coverage for simple issue products (Medicare Supplement Insurance and Medicare Advantage Plans)

Level D is regular coverage for new agents (licensed less than 24 months)

Annual Pricing

Limit

Coverage

Cost

1MM/1MM – Regular Coverage A $456
1MM/2MM – Regular Coverage A $497
1MM/3MM – Regular Coverage A $501
2MM/2MM – Regular Coverage A $539
1MM/1MM – Includes MF & Variable Products B $528
1MM/2MM – Includes MF & Variable Products B $577
1MM/3MM – Includes MF & Variable Products B $582
Monthly Pricing

Limit

Coverage

Cost

Approx Down

Approx Monthly

1MM/1MM A $456 $164 $32
1MM/2MM A $497 $171 $35
1MM/3MM A $501 $172 $35
2MM/2MM A $539 $179 $38
1MM/1MM B $528 $177 $37
1MM/2MM B $577 $185 $41
1MM/3MM B $582 $186 $41
2MM/2MM B $628 $194 $45
1MM/1MM C $321 $140 $22
1MM/1MM D $396 $154 $28

To learn more about our
E&O program

Get more information about working
with AmeriLife as a broker/IMO.

Some exclusions and limitations apply. Please consult the plan documents for details. E&O insurance is offered through contracted carriers.

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