Hiscox Professional Liability for Insurance Agents review for insurance agents: E&O cost, coverage and policy terms
E&O for agents, also called professional liability, covers the cost of a client claiming your advice or paperwork cost them money. Hiscox is an insurer that sells this coverage straight to small agencies online or by phone, with no broker in between.
Hiscox lists insurance agents as an eligible profession, and you can buy in minutes.
- Best for
- Small agencies and solo agents that want to buy E&O online, straight from the insurer
- Price
- From $40 a month on Hiscox's insurance agents page (checked October 4, 2026), with no limit or deductible stated
- Insurer
- Hiscox Insurance Company Inc., named on your state quote
- Policy form
- Claims-made and reported, so the claim must come in and be reported during the policy period
- Admitted
- Admitted, meaning a state guaranty fund backs claims if the insurer fails
Our take
Hiscox is the quickest route here for a small agency that wants coverage today. You quote, pay and get a certificate online, with no fee for paying monthly. Hiscox's agents page lists E&O from $40 a month without a limit or deductible.
The trade-off is detail. Hiscox doesn't post its insurance agent policy terms, so defense costs, who's covered and settlement rules only show up on your quote. Read the policy before you buy.
Pros
- Buy online and get the certificate by email in minutes
- Monthly or yearly payment, with no added fee
- Admitted insurer that sells direct
- Claims reporting online at any hour
Cons
- Not sold in Alaska
- Policy terms for agents appear only on the quote
- Built for small firms, not large agencies or MGAs
- Cyber is a separate policy
Who can buy
- Who can buy
- Small insurance agencies and agents that pass Hiscox underwriting
- Agency size or revenue
- Hiscox's general guide limits professional liability buyers to $5 million in yearly revenue. Ask whether that applies to agents
- States
- Every state but Alaska, plus Washington, DC
- Membership required
- No
What it costs
| Buyer | Limit | Deductible | Starting price |
|---|---|---|---|
| Insurance agent or agencyBuying direct | Chosen in the quote | Chosen in the quote | $40 a month |
The starting price comes from Hiscox's insurance agents page, checked October 4, 2026. It's an example rather than a quote, with the limit and deductible left to your quote. Hiscox's general small-business pages advertise other starting prices that aren't specific to agents.
- What sets the price
- Agency size and structure, claims history, risk, the limit you pick, policy structure, location and public exposure
- Payment options
- Monthly or yearly, with no added fee either way
- Discounts
- Up to 5% off when you buy professional liability with another Hiscox policy
Insurer and admitted status
- Issuing insurer
- Hiscox Insurance Company Inc., which writes Hiscox NOW, its program for small businesses that buy online or through agents. Your state quote names the exact company
- Admitted
- Admitted
- Administrator
- Hiscox Inc., the US arm of Hiscox Ltd.
Policy form, prior acts and tail
- Policy form
- Claims-made and reported
- Retroactive date
- Hiscox's general guide says it usually reaches back to the date your business started. This is the earliest date of past work covered
- Reporting window
- A claim made in the last 60 days of the policy can usually be reported up to 60 days after it ends, with some state exceptions
- Tail options
- One, two or three years of extra reporting time after the policy ends, per the same guide
Claims-made and reported means timing matters twice. The claim must be made during the policy and reported before it ends. Check your quote, since the issued policy sets the final terms.
Limits, deductibles and defense
- Limits
- Up to $2 million as a standard choice, with higher limits on request. The limit is the most the policy pays, per claim and in total for the policy year
- Deductible
- $0 to $10,000, depending on the quote. The deductible is the part of each claim you pay first
Included and optional coverage
| Coverage | How it's sold | Limit |
|---|---|---|
| Cyber | Separate policy | Set in the quote |
| General liability | Separate policy | Set in the quote |
| Business owners policy | Separate policy | Set in the quote |
How to apply
Start online
Enter your business ZIP code on the Hiscox site, or call a licensed Hiscox agent.
Answer the questions
Hiscox asks for underwriting details as you go.
Pick a limit and deductible
The price updates as you choose.
Buy and download
Hiscox emails the policy and certificate, usually in about 15 minutes.
Phone sales run weekdays 7 AM to 10 PM Eastern and weekends 8 AM to 5 PM Eastern.
Claims and risk management
- How to report
- Online at any hour, by phone at 866-424-8508 or by mail to the Hiscox Claims Center in Atlanta
- When to report
- As soon as possible
- Claims handled by
- A Hiscox claims specialist assigned to your claim
Hiscox Professional Liability for Insurance Agents alternatives
- InsureonQuote onlyOnline broker comparing several small-business insurers
- Progressive CommercialQuote onlyProgressive's agency places E&O with partner insurers
- NAPA E&OFrom $680 a year, solo P&C, $1M/$1M, $5,000 deductiblePublished yearly prices and an instant certificate
- EOforLessFrom $643 a year, solo P&C, $1M per claim, $7,500 deductiblePublished P&C and life and health prices
- Big I Professional LiabilityQuote onlySwiss Re program built for independent agencies
See every option in E&O insurance for insurance agents.
Frequently asked questions
How much does Hiscox E&O cost for insurance agents?
Hiscox's insurance agents page listed E&O from $40 a month when we checked in October 2026, with no limit or deductible stated. Your price depends on agency size, claims history, location and the limit you choose.
How fast can I get a certificate?
Hiscox usually emails the policy and certificate about 15 minutes after you buy.
Which states can buy?
All states except Alaska, plus Washington, DC.
Is Hiscox E&O claims-made?
Yes. It's claims-made and reported, so a claim has to be made and reported during your policy period.
How we researched this review. We based this review on the pricing, terms and product pages published by Hiscox Professional Liability for Insurance Agents, reviewed in October 2026, together with our team's experience working with insurance agents and agency owners since 2008.
Corrections
Vendors change their pricing all the time and they don't email us when they do. So if you see a price on here that's gone up, a plan Hiscox Professional Liability for Insurance Agents quit selling or a contract term that reads different now, let us know and send the link to the page where Hiscox Professional Liability for Insurance Agents has it. Somebody here pulls up that page and checks it before we change anything on ours.