What Insurance Agents/Brokers E&O (errors & omissions) insurance limits do you buy? Insurance agents/brokers buy limits based on a variety of factors. A primary driver is the contractual requirements required by insurers. A recent post by Curt Pearsall at Agents E&O Tips (see here) has a number of good reminders regarding limits for Insurance Agents/Brokers E&O: Large E&O claims occur, including at smaller agents & brokers – buy enough limit. It is hard to change limits mid-term, so choose wisely at policy inception. The best use of your dollars is on limits We would add the following points: It is not always preferable to buy a higher aggregate limit than an each claim limit. On the same budget amount, it... Read more →