E&O Insurance for Insurance Brokers

Berxi™ offers industry-leading errors and omissions (E&O) insurance with the speed and ease that you’ve come to expect from modern, technology-focused companies. You can get a quote in minutes, and the efficiency we’ve built into the process means lower prices. (On average, we save customers 20%.)* And since Berxi is part of Berkshire Hathaway Specialty Insurance (BHSI), you can feel secure in knowing that you’re partnering with a company that’s focused on the long term.

Why Should I Choose Berxi for My E&O Insurance?

At Berxi, we’re working to create a better insurance experience by offering affordable coverage and outstanding service. Here are a few things that set us apart:

  • Financial Stability: BHSI is part of Berkshire Hathaway’s National Indemnity group of insurance companies, consisting of National Indemnity and its affiliates, which hold financial strength ratings of A++ from AM Best and AA+ from Standard & Poor’s.
  • Industry-Leading Claims Support: With a nationwide network of experienced claims handlers, our team will be right there to help you navigate the process if a claim is ever filed against you.
  • Competitive Pricing: Buying direct from us can save customers as much as 20% — and, in some cases, even more.*
  • Simplified Experience: We’ve created a modern and intuitive digital insurance experience. You’ll get your policy documents as soon as you purchase, and you’ll be able to access your online account 24 / 7. We also aim to cut the jargon and talk to you like the smart, professional HUMAN that you are.
  • Can I Buy E&O Insurance for My Team of Insurance Brokers?

    Absolutely. We offer insurance for either you individually or for your team.

    Why Do Insurance Brokers Need E&O Insurance?

    While providing services to a client, you might negligently cause them harm, which could lead to a lawsuit. Professional liability insurance can help protect you when situations like this arise.**

    Why Do People Sue Insurance Brokers?

    Clients may bring claims against their insurance brokers alleging that the broker failed to get coverage for them, failed to accurately explain the terms or extent of the coverage, or procured inadequate coverage for the client’s exposures, among other reasons.

    How Much Does an Insurance Broker E&O Insurance Policy Cost?

    E&O policies for insurance brokers start at about $480 a year. However, the price of your particular policy will depend on a variety of factors, including — but not limited to — where you work, your preferred limits of liability, experience, revenue, and the number of claims previously filed against you.

    The best way to get an accurate idea of what your policy would cost is by filling out our quick online application to receive a quote. The process takes a minute or two, and—if you choose to purchase—your policy can go into effect any day you’d like, including today.

    We started Berxi because we believe that we can make insurance better, faster, and more affordable by offering you a direct connection with an insurance company that cares about your needs. That means that you buy directly from us and you talk directly to us. We know you expect fast, seamless results from a company that really understands you — and that emphasis on technology, compassion, and customer satisfaction is all built into the Berxi mission.
    Adam Yasan, Managing Director Berxi

    What’s Covered Under a Berxi E&O Policy?

    Professional Liability Coverage
    Disciplinary Proceeding Reimbursement
    Wage Loss/Deposition Expense Coverage
    Relationship Protection
    Contingent Bodily Injury or Property Damage
    Retroactive Date

    * “20% savings” is based on industry pricing averages.

    ** Quote and issuance of a policy are conditioned upon receipt and approval of the following 1) Practice Location; 2) Profession / Specialty; 3) Employment Status; 4) Coverage Type; 5) Hours Worked; and 6) Prior Claims Activity. Final pricing and terms of coverage may vary.

    *** Terms, pricing, and coverage may vary.