New P&C agents tend to pay quite a bit more than experienced P&C agents for their E&O insurance. The line between a “new” and “experienced” agent is typically being licensed for 3 years.
The higher E&O costs for new agents is due to the inexperience and the higher chance of making a mistake which can result in a lawsuit.
We have multiple E&O insurance options for new P&C agents and can help you find a reasonable deal.
