You are an expert in giving your clients peace of mind by making sure that they are protected from risk. With insurance agents’ errors and omission insurance, you can have peace of mind for your professional reputation as well as for your agency.
There are times that despite your best intentions, a mistake is made. Having insurance agents’ errors and omission insurance means that you are covered in the event a client files a claim and your case goes to court. Here are some examples of claim types made against insurance professionals:
- Inadequate or non-existent coverage
- Improper policy limits
- Misrepresentation with certificates of insurance and additional insured status
- Disputes over coinsurance penalty
Errors and omission insurance for insurance agents can offer broad coverage in things that traditionally considered hard to insure such as insolvency, adverse loss history, innocent insured, and contingent injury and property damage. The actions of independent contractors can also be covered.
A variety of professionals can be covered by insurance agents’ errors and omission insurance. Here are some examples of classifications that can be covered for professional liability:
- Insurance firm personnel
- Captive managers
- Reinsurance brokers
- Niche specialists
There are a variety of errors and omissions products available at affordable prices. Insurance that protects you and your business is coverage that you do not want to miss out on.