E&O Insurance Deductibles for Your Insurance Agency
When your insurance agency is looking for support for errors and omissions claims, you need to seek out E&O insurance. However, even with insurance, you will potentially have some financial…
When your insurance agency is looking for support for errors and omissions claims, you need to seek out E&O insurance. However, even with insurance, you will potentially have some financial…
How can you reduce your insurance agency's expenses? While it's not advisable to eliminate your errors and omissions insurance for insurance agents and brokers, you can work to reduce the…
In the best-case scenario, your insurance team never makes a mistake. Your clients are always happy, word of mouth keeps on growing, and your insurance agency thrives. Unfortunately, mistakes do…
Protection from disaster: that's why most homeowners and most businesses get insurance. When you're managing an insurance agency, you want to make sure that you're protected from catastrophes such as…
Do your clients know that your agency has insurance agents' E&O insurance? If so, do they value it?
What is your job as an insurance agency? Naturally, your job is to provide your clients with insurance, but how you get to that point is also significant.
Are you worried that you're missing something? While errors and omissions insurance will help cover you if you have made a mistake, it's far better for your reputation and financial security to avoid making those omissions in the first place.
Does your insurance business have E&O insurance? If not, you should. E&O insurance gives you some protection against legal costs if your staff make errors or omissions that cause problems for your clients.
When you're considering E&O insurance, it's easy to focus on the errors that could cause client problems. Even simple issues such as taking down incorrect address information could mean that a client receives mail too late or not at all.
Who needs E&O insurance? If you're a smaller insurance agency, you might wonder whether you should bother getting E&O insurance.