Why EO Insurance For Insurance Agents
Historically one out of every seven insurance agents will report an Errors and Omissions claim at some point in their career. Currently insurance agents rank fourth among professions in number of lawsuits being filed against them. Only physicians, attorneys and accountants have more (Tillinghast Survey). An agent that is not adequately covered by errors and omissions insurance for insurance agents is exposed to the possibility of being held fully responsible for the damages if a lawsuite is filed against them. Insurance agents provide essential services to individuals, families, and businesses|clients|customers} by consulting them to locate and purchase adequate protection. Most independent agents, however, do not realize the exposure that is involved with this industry. Recommendations that you provide for insurance, either to purchase or bypass, may return as a liability if a client decides that you were wrong in your advice. Clients facing a major problem with an insurance policy, or lack of coverage, may file a claim against you, threatening your career, income and possessions.
EO For Insurance Agents 