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In clear recognition of the complex liability exposures that are part of doing business in today’s world, more than 96 percent of independent insurance agents and brokers responding to a recent online survey said they carried agency E&O insurance. Additionally, more were carrying more comprehensive coverages, including prior acts (69 percent), first-dollar defense (58 percent), aggregate deductibles (51 percent), carrier insolvency (50 percent) and defense outside the limit (47 percent).

The survey, conducted by American Agent & Broker as part of its May “Agency E&O” issue, was conducted online in April. More than 500 readers completed the survey.

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