Insurance for Insurance Agencies and Brokers

Get business insurance with optimized coverage to meet your exact needs

Prefer to speak with a CoverWallet consultant? Call (646) 844--9933 anytime.

Better, Regardless of Your Size

  • Get Certificates of Insurance (COI), even from your phone

  • The power of your business right at your fingertips

  • Insurance that meets the demand of modern businesses

  • Let us protect you, so you can protect your clients

Coverage Plans for All Your Needs

BASIC

To protect your customers and your property


Business Owners Policy (BOP)

From
49
Month
Instant quote »

Includes:

  • Bodily Injury
  • Damage to third party property
  • Business Personal Property
  • Personal Injury
  • Lost business income
  • Equipment Breakdown coverage

STANDARD

Essential coverage against professional mistakes


Business Owners Policy (BOP) + Errors & Omissions (E&O)

Instant quote »

All Basic plan benefits and:

  • Professional negligence
  • Retroactive claims (previous contracted work)
  • Subcontractor errors
  • Duty to Defend

PRO

Get protected against cyber-related issues


BOP + E&O + Cyber Liability

Instant quote »

All Standard plan benefits and:

  • Data breach
  • Third part advertising injury claims
  • Network failure
  • Extortion
  • Loss of physical records or devices

CUSTOM

When you have specific requirements


Including Workers Compensation, Hired & Non-Owned Auto etc.

Instant quote »

ALREADY INSURED?

We will take care of the switching hassle.

Call us at (646) 844--9933 for help and more information

We've Got You Covered with Coverage You Need

As insurance is a service-based industry, agents and brokers have their own risks related to the services they provide. Brokers not only collect private information from their clients but also handle claims and provide advice to clients. Any of these services can be risky, particularly if some errors occur somewhere in the process of managing client accounts.

Act Now, Get Protected Easily, Quickly and Affordably

See how much you could be saving, with best in class insurance partners.

Get a free quote, all you need to enter is your zip code to get started.

Or call (646) 844--9933 anytime.

Get protected easily with CoverWallet

Frequently Asked Questions

How much does insurance cost for insurance agencies and brokers?

The cost of insurance varies on several factors. Most insurance carriers will review your experience and loss history before they can define the cost of your insurance.

Do I need Cyber Liability as an insurance agency?

Business transactions over the internet are key business functions today, so it's highly likely that you use the internet to conduct services to your clients. Cyber Liability insurance protects your business from cyber attacks that could be potential data breach and severe loss to your insurance business.

Why do I need insurance as an insurance broker?

Insurance brokers and agents perform many important duties, carrying the risk of errors. These include:

  • Advising clients on their insurance needs
  • Pairing clients with the appropriate insurer
  • Collecting premiums
  • Renewing client policies

During these regular duties, your business can make mistakes. For example, you may suggest a Cyber Liability insurance, which later turns out to be unnecessary. A broker may also erroneously enter an incorrect amount of premiums, resulting in the client paying more than necessary.

How to get a certificate of insurance as an insurance agent?

To get a certificate of insurance, simply call your business insurance provider and explain your needs. Explain the minimum coverage amounts and the agent will confirm if the policy meets your requirements.

Why Insurance Agencies and Brokers need insurance?

Insurance agents and insurance brokers provide a valuable service to their customers. Insurance products cover a wide range of potential risk factors, and insurance brokers and agents step in to help consumers navigate the often complex insurance industry. As insurance agents must be certified, the value they provide customers comes with years of experience and study in different insurance products. As insurance is a service-based industry, agents and brokers have their own risks related to the services they provide. Brokers not only collect private information from their clients but also handle claims and provide advice to clients. Any of these services can be risky, particularly if some errors occur somewhere in the process of managing client accounts.

What risks could Insurance Agencies and Brokers face?

Insurance brokers and agents perform a number of important duties, many of which are carrying the risk of errors. These can include:

  • Advising clients on their correct insurance needs
  • Pairing clients with the appropriate insurer for their situation
  • Collecting premiums
  • Regularly updating client records
  • Handling claims and providing clients with advice
  • Renewing client policies

During the process of performing any of these regular duties, insurance brokers may make mistakes. For example, a broker may suggest a product that he or she thought was well suited for a client, which later turns out to be unnecessary. A broker may also erroneously enter in an incorrect amount for premiums, resulting in a client who unwittingly pays more than was necessary.

It is also possible for client data to get out somehow. Cybersecurity is an important issue for all businesses these days, especially those that house private customer information. Insurance brokers especially keep client data on file that, if stolen, would lead directly to a client’s identity getting stolen. Social security numbers, bank account information, names, and addresses are all commonly collected by insurance brokers and stored on private servers. Should those servers get hacked, that puts the client at risk.

Handling client documents can also come with some risks. Paper documents can get lost. Files can get corrupted. Although these accidents are generally not purposeful, if they do occur, the agency is held liable for lost information; as well as any slowdowns in the processing of claims.

Peace of Mind, At Your Fingertips

CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.

why coverwallet

Businesses Love CoverWallet

Our mission is to help small businesses to be better protected, informed and served. See what our customers are saying.

Testimonial John White

Personalized Service

5 stars service

John White, Restaurant Owner

I didn’t know what type of insurance I needed for my new business so I called CoverWallet and the agent provided me with everything in under an hour!

Testimonial Laura Campbell

Quick and Easy!

5 stars service

Laura Campbell, Distributor

There is nothing more that CoverWallet could have done to make the process any faster or easier. They made it as painless as possible.

Testimonial Anthony Williams

Honest and Transparent

5 stars service

Anthony Williams, Contractor

I was extremely satisfied with all services and communications with customer support. I would definitely recommend to others. Thank you CoverWallet!

We are making headlines!

Already insured?

No worries, keep your insurance, just get an account with us to manage your policies, certificates of insurance and more

Get CoverWallet »

Need help? Get free advice

Understand in 10 seconds what type of insurance your industry needs, and why

Insurance Assessment »

The Power Behind CoverWallet

Algorithms, Science, Magic
Customized, Intelligent Application
State of the Art Technology

Algorithms, Science, Magic!

You wanted better protection and cheaper pricing. So did we. We baked that dream into everything we've set out to accomplish in building our award winning platform.

Customized, Intelligent Application

We have one! How much could we have really improved the insurance purchase process? Try us! We ask only the questions you need to answer, nothing more.

State of the Art Technology

We've built all our fancy tech from scratch, which allows us to get you certificates on demand, free of charge, and for us to find you savings.

Are you ready to get down to business?

Enter your zipcode to get started or call (646) 844--9933 anytime.