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Underwriting Agency Insurance

Protecting underwriting agencies from as little as £55* per year

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Excellent 4.7 out of 5

Professional Saver’s Underwriting Agency Insurance


Our standard cover is:

  • £1 million cover for public and products liability (with an option to increase to £2 million, £5 million or £10 million)
  • £10,000 cover for any financial loss (£50K cover optional)
  • Worldwide liability cover for temporary work abroad for up to 14 days (excluding the USA and Canada)

As an underwriting agency, having insurance is crucial to protect your business when providing insurance services to clients. Our specialist policies are designed to cover underwriting agencies against professional indemnity claims if your advice leads to insurer losses.

Underwriting agents act as a bridge between clients needing insurance and insurance companies providing policies. You carefully assess risks to determine appropriate premiums and terms.

However mistakes in judgement could mean claims losses for insurers who rely on your recommendations. Our insurance protects your business from such scenarios.

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Why choose Professional Saver underwriting agency insurance?

Save £££ on your insurance Save on your insurance

Customers are always telling us how much they saved by switching

Trusted for over 40 years Trusted for over 40 years

We’ve been providing insurance to businesses since 1984

Financial Strength Financial Strength

Insurance provided by a Standard & Poor’s ‘AA- Stable’ rated insurer

Defaqto 5 Star rated

Our Professional Saver Insurance (Covea) has been independently rated 5 Stars by Defaqto – the highest possible rating, awarded to excellent products with a comprehensive range of features and benefits.

How our underwriting agency insurance works

1 Apply online

Complete our simple quote form with basic details about your business.

2 Get a quote

Get an instant quote & choose any optional covers you may need.

3 You’re insured!

Instantly activate your Professional Saver policy and view your certificates online.

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What is Underwriting Agency Insurance?

Underwriting agency insurance protects specialists who evaluate risks on behalf of insurers and arrange appropriate policies for clients needing coverage. It covers agencies against claims due to errors, omissions or negligence in their underwriting recommendations and client risk assessments which lead to financial losses for insurance providers.

This insurance covers the liability of underwriting agencies for:

  • Incorrect pricing guidance causing insurer claims losses
  • Flawed terms and conditions resulting in high claims rates
  • Negligent acceptance of bad risks leading to substantial payouts
  • Poor risk analysis missing client issues material to losses

Coverage is vital for underwriting agencies as flawed advice can potentially lead to substantial loss payouts for insurers. This insurance protects agencies by covering legal costs and compensation claims.

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Why Do Underwriting Agencies Need Insurance?

As an underwriting agency, you play a crucial role assessing client risks and making judgement calls on appropriate premiums and policy terms for insurers. However, small errors in evaluating hazards or customer backgrounds can lead to expensive payouts down the line if you have overlooked issues that increase the likelihood and size of claims.

Our specialist professional indemnity cover protects your consultancy from scenarios where insurers pursue your business for financial compensation after poorly judged underwriting advice causes them significant claims losses or higher expenses. Without protection, such situations could put your entire company at risk.

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What Does Underwriting Agency Insurance Cover?

Our underwriting agency insurance provides protection against:

  • Public Liability – Provides protection if clients are injured or their property damaged while visiting your premises.
  • Legal expenses – Pays lawyers costs to defend you against covered claims from clients seeking compensation.
  • Professional Indemnity (optional)  – Covers advice you provide to insurers on client risk levels, appropriate premiums, policy terms and conditions. Protects against insurer claims for financial loss resulting from your negligent, erroneous or misleading guidance.
  • Contents and Equipment (optional) – Covers your computers and equipment used to run your underwriting agency business.
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What Services Can Professional Saver’s Underwriting Insurance Cover?

Our underwriting agency insurance is designed to cover your specialist services when making recommendations to insurers across areas like:

  • Evaluating new customers and renewal clients for risk acceptance
  • Assessing hazards relating to life, health, commercial or specialty insurance
  • Guiding insurers on suitable policy premiums based on projected claims
  • Determining appropriate terms, conditions and exclusions to limit insurer losses
  • Developing new insurance products tailored to market demand
  • Ongoing client risk monitoring and recommending changes to existing covers

We aim to protect against claims that your advice within such key underwriting areas was negligent or led to substantial financial losses. Our policies cover legal costs and compensation.

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Why Choose Professional Saver For Underwriting Insurance?

With over 35 years of experience protecting commercial insurance consultancies, you can trust Professional Saver to protect  your agency. Our key strengths include:

  • Insurance Specialists – We focus exclusively on commercial insurance packages.
  • Rapid Online Quotes – Get covered 24/7 in just minutes through our site.
  • 24/7 Legal Helpline – Whenever you need expert legal advice on insurance matters, our dedicated helpline offers guidance.

Get your quick quote online today or call our team to discuss protecting your underwriting agency.

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Chosen by over 5000 businesses and counting*

Chosen by over 18761 businesses and counting

Online & Anywhere

We like to keep things simple. Your quote, purchase and documents are all available online, anytime.

Monthly Instalments

Cashflow is important to every business. Spread the cost by paying in easy monthly instalments.

Instant Cover

No need to wait for your documents. Our professional cover starts from the date you select.

Added Protection

Public liability, products liability, financial loss, legal expenses and accidental death cover as standard.

* Total number of live policies as of 31/10/2025

FAQs

Underwriting Agency Insurance FAQs

Underwriting agencies need insurance because flawed risk analysis or guidance on pricing, terms and exclusions can lead to substantial insurer losses from higher claims. As their recommendations directly impact eventual payouts, poor advice leaving issues undetected means policies may be underpriced and overexposed. This can put agencies at risk of negligence claims from insurers.

Some examples include:

  • Failing to spot a previous bankruptcy when judging risk levels
  • Improper assessment of health histories missing important conditions
  • Setting unsuitable terms and exclusions for niche industries

Where such issues are missed but later lead to large claims from those clients, our insurance helps protect agencies from insurer demands for compensation.

Yes, we cater for all types of underwriting professionals from sole traders to large agencies. We cover independent consultants, self-employed advisors, contractors and freelancers along with underwriting firms.

When underwriting risks, you do not necessarily need your own existing insurance cover in place beforehand. We can provide both the professional indemnity and public liability policies you require within one package designed specifically for underwriting service providers. Get in touch today to find out more and get protected.

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What our customers say

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