Insurance Agent Forum

[Susan]

Who has the best price for E&O?

Thanks!

[souldeux]

What lines?

[Susan]

Originally Posted by souldeux

What lines?

Life & Health.
Thanks!

[kwimberl]

It depends what you plan to do. For example, if you plan to sell health insurance and to get appointed with either World or Assurant, they both have sponsored programs that are good. If you plan to do health insurance and join the IHIAA, they have a sponsored program. If you plan to do life insurance, Foresters has a good sponsored program. Then there is always eoforless.com that has it for $495, but does not include annuities or di for that price.

So, figure out exactly what you want to do (including which carriers you wish to represent) and then see if you can get a sponsored plan. Some of the sponsored plans are really good (some are crazy expensive, but not any of the ones I mentioned). There are several people here who can help you get contracts with the carriers you need once you figure out what you want!

[Susan]

Originally Posted by kwimberl

It depends what you plan to do. For example, if you plan to sell health insurance and to get appointed with either World or Assurant, they both have sponsored programs that are good. If you plan to do health insurance and join the IHIAA, they have a sponsored program. If you plan to do life insurance, Foresters has a good sponsored program. Then there is always eoforless.com that has it for $495, but does not include annuities or di for that price.

So, figure out exactly what you want to do (including which carriers you wish to represent) and then see if you can get a sponsored plan. Some of the sponsored plans are really good (some are crazy expensive, but not any of the ones I mentioned). There are several people here who can help you get contracts with the carriers you need once you figure out what you want!

Thanks for this info. My current E&O is with NAPA at $525.00 annual with a sponsored plan for 1M. I wanted to see if I could do better. I will ck the other sources listed here... Appreciate your help!!!

[CHUMPS FROM OXFORD]

If you sell Wellpoint, their rate is about $500.

[Questions]

Originally Posted by CHUMPS FROM OXFORD

If you sell Wellpoint, their rate is about $500.

Is this the link that you're referring to? MGA, the florida-based company administers the below linked program and also NAPA (I believe).

http://www.bcs-eo.com/bcs_wacs_default.aspx

[Susan]

Originally Posted by Questions

Is this the link that you're referring to? MGA, the florida-based company administers the below linked program and also NAPA (I believe).

</title><META NAME="Keywords" CONTENT=""><META NAME="Description" CONTENT=""> <meta name="description" content="BCS Errors And Omissions Insurance Plan" /> <meta name="keywords" content="BCS Errors And Omissions Insurance Plan" /> <meta http-equiv="P

Yes, BCSI is who NAPA uses; NOV 09 rate is $525

[Dave020]

Originally Posted by Questions

Is this the link that you're referring to? MGA, the florida-based company administers the below linked program and also NAPA (I believe).

http://www.bcs-eo.com/bcs_wacs_default.aspx

I use this one and it's $460 per year for $1M. It's available to any appointed BCBS (or in CA Anthem BC OR Blue Shield CA) producer with an active producer ID.

[Questions]

Originally Posted by AgentSurfer

L/H - $495 - You have to give a yes or no answer to a few screening questions to qualify. The policy and price is good though. Plus you can pay monthly. E&O Insurance For Less

AgentSurfer 15 posts, 15 pushes to E&O ins For less. Not biased are ya?
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Originally Posted by Susan

Yes, BCSI is who NAPA uses; NOV 09 rate is $525

Actually, MGA administers both BCSI's e&o programme, but BCSI isn't the underwriter, Scotsdale Ins co (I believe) underwrites for NAPA.

(why does it keep merging my posts?)

[AgentSurfer]

Hey. she asked. I answered. E&O Insurance