California E&O Insurance

jdben92883 · 01-07-2008, 07:45 PM

Hello...I'm new to the forum, so please forgive me if this is a worn topic. I need to secure E&O insurance to write group and individual health policies. I have had a couple companies decline to send me a quote. I finally got one from the company (CRES) that has provided me E&O for finance and real estate and they came in at $3500/year!! I'm ONLY doing health insurance and others I've spoken to have mentioned premiums of $25-30/month...a long ways from $290/mo. Can anybody steer me in a better direction? Thanks!!

John

GreenSky · 01-07-2008, 07:49 PM

Originally Posted by jdben92883

Hello...I'm new to the forum, so please forgive me if this is a worn topic. I need to secure E&O insurance to write group and individual health policies. I have had a couple companies decline to send me a quote. I finally got one from the company (CRES) that has provided me E&O for finance and real estate and they came in at $3500/year!! I'm ONLY doing health insurance and others I've spoken to have mentioned premiums of $25-30/month...a long ways from $290/mo. Can anybody steer me in a better direction? Thanks!!

John

Yeah, this should be an EASY question.

Apply for an appointment with Blue Shield and ask them where to get E&O. They have an affinity program wtih BCS. It's $460 per year.

Rick

***Dave020*** · 01-07-2008, 08:12 PM

I have mine through Blue Cross CA and it also runs about $460 a year. I think both Blues use the same E&O carrier and plan. You need to be appointed with them to get it. Since you do health, you should be appointed with both of them.

Dave
The David Fluker Health Insurance Agency - Gilroy, California - Serving California Residents Since 1995

GreenSky · 01-07-2008, 08:17 PM

Originally Posted by Dave020

I have mine through Blue Cross CA and it also runs about $460 a year. I think both Blues use the same E&O carrier and plan. You need to be appointed with them to get it. Since you do health, you should be appointed with both of them.

Dave
The David Fluker Health Insurance Agency - Gilroy, California - Serving California Residents Since 1995

You're correct. Cross won't appoint without an application but Shield will.

Rick

***Dave020*** · 01-08-2008, 07:16 AM

Originally Posted by GreenSky

You're correct. Cross won't appoint without an application but Shield will.

Rick

Really? That must be a new change (newer). When I got appointed with Shield it had to include an application just like Cross. Also, back then if you didn't write enough business with Shield, they would take back your book. I guess things have changed.

jdben92883 · 01-08-2008, 04:13 PM

Thanks for the replies...I've applied with MGA via Blue Cross @ $460/year.

GreenSky · 01-08-2008, 06:13 PM

Originally Posted by jdben92883

Thanks for the replies...I've applied with MGA via Blue Cross @ $460/year.

I assume you read all the forum rules. Because both Dave and I gave you good advice, you owe each of $100.

To make it easier for you, just send me $200. I'll get Dave's share to him later.

Rick

***Dave020*** · 01-08-2008, 06:18 PM

Originally Posted by GreenSky

I assume you read all the forum rules. Because both Dave and I gave you good advice, you owe each of $100.

To make it easier for you, just send me $200. I'll get Dave's share to him later.

Rick

I'll "collect" it in Vegas LOL

Dave

OneMorePolicy · 01-10-2008, 04:15 PM

Looks like MGA also handles E&O applications for Napa-benefits.

Originally Posted by jdben92883

Thanks for the replies...I've applied with MGA via Blue Cross @ $460/year.

CHUMPS FROM OXFORD · 10-23-2009, 09:05 PM

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