Category Archive Insurance Agents Protection

EO Coverage for Insurance Agents

Error and omissions insurance, abbreviated as E&O, is a professional liability insurance that is used in order to protect companies and their employees from claims of negligence. Although E&O is used in many different professions, fields will require different specifications for their particular E&O coverage. For instance, the type of E&O coverage for insurance agents will differ from the type of E&O coverage for medical practices.

Exposures

For insurance agents, there are certain things to consider when determining what type of E&O coverage is best for you. For instance, it is important to make sure that your coverage adequately corresponds to the exposures your operations are liable to. This might depend largely on who your client is, and what particular services they are asking of you.

Cost

It is important to find E&O coverage that is tailored to your particular needs. However, once you do find insurance that provides the coverage that you are looking for, finding a good price is the next step. Navigating the insurance market can be difficult, as it is not always obvious which type of coverage will end up costing you less money in the long run. Therefore it is useful to hire professionals to help you make the choice that is best both financially and practically.

Insurance Agents Protection

Protect Your Insurance Agents the Way You Do Your Clients

Running an insurance agency or similar organization can bring about a number of unique concerns. While your business is centered around providing sensible insurance solutions to people across a variety of industries, you also need to make sure that your own team is covered in the event of an accident. One way to achieve this is by taking the time to review all of your options on insurance agent E&O. Understanding this type of package is crucial when it comes to providing peace of mind for your team.

Getting a Feel for Agent Errors & Omissions Packages

As insurance experts in your industry, you probably already know how Errors & Omissions coverage works. This type of plan for your agents performs much in the same way as a traditional plan. The coverage addresses any exposures that might occur when an agent is delivering information, paperwork, and other critical data to clients. In the event that something is missed, E&O coverage works to protect your agents and your company from being held liable. This can save you money and keep your workers safe. Additional benefits of this plan include:

  • Coverage for wrongful acts
  • Personal injury
  • Subpoena coverage

Protect Your Team 

Taking care of the men and women who act as agents on your insurance team is a big task. Take time to review your options with comprehensive E&O coverage for your agency and discover how you can do what’s best for your team.