If anyone understands the importance of protecting one’s personal and business interest, it would be an insurance agent. Even so, some insurance agents may not be aware of the ways that they themselves are at risk.
Practice What You Preach
Insurance agents, like other service professionals, carry risks associated with the advice that they give and the products that they offer. If a client believes that they were negatively affected by their experience with an insurance agency, they have the right to sue that agency for damages. Errors and Omissions for Insurance Agents is an insurance policy designed to protect agents from exactly this problem, allowing them to continue working confidently and without worry.
Your Colleagues Can Help
When shopping for Errors and Omissions for insurance agents, it is best to look for a firm that specializes in professional liability policies. These firms will know what kinds of coverage are most likely to suit the needs of a specific agency. They will know the difference between large firms and small firms and will also even understand exposures that vary across geographic regions. Many professional liability insurance agencies exist and it should not be difficult to find the best fit for a given agency. Not only will a knowledgeable firm know exactly which kinds of coverage to offer, they will also be less likely to oversell policies, making them the best bargain as well.