All Agents of WFGIA and its subsidiary agencies with an active provider appointment and all representatives of TFA are required to have E&O Insurance from Marsh through one of our two carrier options (US Speciality/Houston Casualty Company, or biBerk). Participation in this program is mandatory pursuant to your Associate Membership Agreement (AMA) or Agent Agreement in all states except New York.
Renewal Period is Now Open! Through June 13th, you can renew your Agent E&O insurance with two great options. Check out your renewal options below.
Renewing your Agent E&O coverage? Choose which option is right for you.
Marsh has drawn upon our specialty expertise to help financial advisors and insurance agents meet their insurance needs.
Coverage Comparison
Choose which E&O coverage option best suits your unique needs:
| US Specialty | biBerk | |
|---|---|---|
Premium Collection |
Annual or quarterly installments |
Pay in full |
UW Application |
Automatic eligibility if you are not in New York |
Digital application |
Enrollment |
Digital quote, bind |
Digital quote, bind |
Policy Delivery |
Digital download and email |
Digital download and email |
Limit |
$1,250,000 per claim $3,000,000 aggregate |
$1,000,000 per claim $1,000,000 aggregate* |
Cyber |
$200,000 sublimit included for Privacy Violation, Security Breach, & Social Engineering |
Available coverage for purchase |
Retention |
Fixed Products: $500 (damages only) Securities & Variable Products - $5,000 |
$1,000 (where applicable) |
*Note: Additional limits and coverage options may be available upon request. To further explore coverage options, please contact a member of our Marsh Service Team at +1 (800) 380-0451.
Marsh small business insurance has you covered
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Have more questions? We can help.
Any business or licensed professional who offers advice or provides a service needs an errors and omissions (E&O) insurance policy, also known as professional liability insurance. An E&O policy protects your livelihood in the event you are sued for negligence or inadequate work by financially supporting you in the event of a claim made by a client (in excess of your deductible). Your insurer pays the cost to defend you as well as any settlement amount up to your limit of liability.
Even if a claim made against you seems frivolous and without merit, the cost in defending you in that claim could be several thousands of dollars. E&O insurance is there to protect you against claims and provide peace of mind.
As soon as you are aware of a claim or potential claim, you should report it immediately.
US Specialty:
Complete the claim report that is in your Handbook and promptly submit it as instructed on the form.
biBerk:
Call the biBerk claims team at (844) 472-0966. You can also submit your claim online at biberk.com – navigate to the policyholder tab and click the “Report a Claim” link.
Outside Policies (NY Only):
Please refer to your policy documents.