Insurance Types for Agencies Professional liability (E&O): Covers negligence claims General liability: Property damage and bodily injury Cyber liability: Data breaches and cyber attacks Media liability: Copyright and defamation claims Contract Provisions That Reduce Risk Liability caps, indemnification clauses, warranty limitations, and dispute resolution terms work alongside insurance. Cost Considerations Premiums typically range from $1,500-$5,000 annually depending on revenue, services, and coverage limits.