Spot for Insurtechs and Insurance Agencies

Get quotes from 50+ insurtech and agency insurance providers with Spot

We get quotes for your agency or insurtech, compare them with you and help you meet what your carrier agreements require.

  • Software, agency and delegated work described separately
  • Carrier and program agreements checked against your policies
  • Keep your broker or switch, with no commissions on premiums
An insurance agent slides a policy folder across a counter to a client.

How Spot helps Insurtechs and Insurance Agencies

Tell us every role you play

Your Spot team lists, entity by entity, whether you supply software or also market, place, bind, service or adjust coverage, and puts each role into the application.

Cedar AdvisoryOrganized by Spot
Travelers
The Hartford
Chubb

Check carrier agreements against your coverage

Program and partnership agreements set notice, continuity, indemnity and insurance terms. Send them and Spot checks your policies against each requirement.

Professional errors and omissions (E&O) insurance

Cedar Advisory · Policy review

Policy wording
Coverage limits
Compare with
Contract requirements

Confirm with your broker

Limits, exclusions, and endorsements

Compare quotes on errors, breaches and theft

After the submission goes out through your broker, Spot maps a placement error, a rating bug, a policyholder data breach and a redirected premium payment to the actual forms.

Chubb
The Hartford
TravelersQuote request

Professional errors and omissions (E&O) insurance

Professional services · Claims-made terms

Cedar Advisory

Tell us when your authority changes

A new program, state or claims vendor changes your exposure. Post it in your shared Slack channel so your Spot team can update the submission with your broker before it takes effect.

# spot-support

JamieCedar Advisory

What do we need to request professional errors and omissions (e&o) insurance quotes?

RileySpot

Let’s prepare the information for your broker and compare the terms, not just the price.

How buying insurance works for Insurtechs and Insurance Agencies

  1. 01

    Tell us about your business

    Share what you do, where you work, the policies you have and any contracts that ask for insurance.

  2. 02

    We write up your application

    Spot turns it into an application that describes your business the way insurers need to see it.

  3. 03

    We get quotes from insurers

    Spot handles the procurement, sending it to the insurers and markets that cover businesses like yours and chasing every quote.

  4. 04

    Compare your quotes

    We put the quotes side by side on limits, exclusions and terms as well as price.

  5. 05

    Buy your policy and get certificates

    You choose. Spot places the policy for you, and certificates are ready when a customer or landlord asks.

Insurtechs and Insurance Agencies we help

  • Insurance software vendors

    Carriers and agencies rely on your quoting, rating, policy administration or claims software, and a failure can cost them money.

  • Agencies and digital brokers

    You advise on, sell and place coverage, so professional errors and omissions has to name those acts and the entities doing them.

  • MGAs and program administrators

    Delegated authority, premium handling and carrier contracts add crime and professional questions on top of your software.

  • Claims and servicing companies

    You hold policyholder financial or health information and may move settlement funds, which brings both cyber and crime questions.

Insurance Insurtechs and Insurance Agencies usually carry

The policies companies like yours are usually asked for, and when each one comes up.

  • Professional errors and omissions (E&O)

    You sell, advise on, place, administer, or adjust insurance products for customers or a carrier.

  • Technology errors and omissions (E&O)

    An insurer, agency, or customer relies on your quoting, rating, policy-administration, claims, or data software.

  • Cyber liability

    You handle policyholder financial or health information or depend on claims, policy, or cloud systems.

  • Crime

    You handle premium, commission, claim, settlement, or customer funds, or staff can change payment instructions.

  • Directors and officers

    A carrier partnership, board, investor, or acquisition changes governance and management responsibilities.

  • Employment practices liability

    You hire producers, claims staff, engineers, or support teams, or add another employing entity.

Insurers that quote Insurtechs and Insurance Agencies

Get quotes from 50+ insurtech and agency insurance providers with Spot.

  • AIG
  • Alliance Risk
  • Amelia Risk
  • Aon
  • At-Bay
  • Beazley
  • Berkshire Hathaway Specialty Insurance
  • And many more

When Insurtechs and Insurance Agencies need insurance

  • 01

    You’re launching a new program with a carrier

    The agreement sets your duties and insurance requirements. Check them against your policies before the program goes live.

  • 02

    Your delegated authority is expanding

    Binding or claims authority changes what your professional coverage needs to name, so the application should change before the authority does.

  • 03

    You’re starting to handle premium or claim funds

    Crime wording needs to say whose money is insured and which transfer methods and instructions apply.

  • 04

    You’re raising money or adding board members

    Investors and new directors bring directors and officers questions, including insurance-activity exclusions.

  • 05

    You’re hiring producers and claims staff

    New employing entities and worker groups belong in your employment practices quote.

Questions from Insurtechs and Insurance Agencies

Also known as insurtech insurance, insurance agency insurance, insurance agent insurance, insurance broker insurance, insurance agency E&O, MGA insurance and managing general agent insurance.

What insurance does an MGA need?

Errors and omissions for the underwriting, binding or claims work you do under carrier agreements, plus cyber for policyholder data, crime for premium you hold, D&O and employment practices. Carrier agreements often name limits, and Spot checks each proposal against them.

Will our technology errors and omissions policy cover agency work?

Don’t assume it will. Software, producer services and delegated work are different operations. Spot asks each insurer which are listed and how the form treats them.

Does our producer license show that our own policy fits?

No. A license lookup, such as California’s, confirms a licensee’s status and discipline history. It says nothing about whether a policy fits your business.

Is premium we hold for carriers covered by crime insurance?

Only if the form insures that property. Spot asks whose money is covered and which people, instructions and transfer methods the wording includes.

We’re in insurance ourselves. Why use Spot for our own coverage?

Buying your company’s own professional, cyber and crime coverage is a separate job from the products you sell. Spot prepares the submission, compares proposals and checks carrier agreement requirements, while your broker, or a new one if you switch, places it. Spot takes no commission on the premiums you pay.

Get insurance off your to-do list.

Get quotes from 50+ insurtech and agency insurance providers with Spot. Keep your broker or switch, with no commissions on premiums.

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