Insurance Agents E&O Coverage

Insurance Agents E&O Coverage

Statistics prove 1 out of every 7 insurance agents will report an Errors and Omissions claim at some point during their career. Today insurance agents are 4th among professions in number of claims being filed against them. Only physicians, attorneys and accountants have more (Tillinghast Survey). Precautions you need to take concerning your profession. In the first place, your career as an insurance agent has a lot to do with the care you provide your clients. In the course of carrying out your duties as an agent, you may commit an error or mistake. Your clients may decide to recover damages in court. If you’re not adequately protected by E&O insurance policy, you may end up bearing the full cost of the litigation process. However, you can help yourself with insurance agents E&O insurance. This is a business liability insurance device tailor made to protect insurance agents from whatever errors, mistakes or omission they may commit while discharging their duties. E&O coverage for P&C insurance agents is professional liability errors omissions insurance specifically designed for the exposures of insurance agents and brokers.