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  • I believe that through knowledge and discipline, financial peace is possible for all of us. (Dave Ramsey)
  • We are programmed to succeed from birth but we deprogram ourselves with beliefs (Daniel Marques)
  • You get in life what you have the courage to ask for. -Nancy D. Solomon

E & O coverage

E & O Insurance Coverage

Carriers require insurance agents to have Errors and Omissions insurance because it’s is a necessity for any professional in today's litigious society. E&O insurance policy provides coverage for claims arising out of acts, errors and omissions in the rendering of, or failing to render, professional services for others as a licensed insurance agent.

We also recommend the following Errors and Omission companies:

images Napa

images AON

images CalSurance

What is E&O insurance?

images Errors and omissions (E&O) insurance, also called professional liability coverage, insures professionals against client claims of error, omission, or negligence in the performance of their professional duties.
images E&O insurance for insurance agents and brokers provides protection against the following common client claims: that the customer was unfairly denied coverage, provided inadequate, inappropriate, or financially unsound coverage, or not properly informed about coverage changes, limitations, or termination.

Why is insurance agents E & O insurance necessary?

images Most agents and brokers are required by their insurance markets to carry E&O insurance.
images General business owner’s policies do not include professional liability insurance, covering losses and legal expenses resulting from client claims of error or negligence.
images Lawsuits against insurance agents and brokers are increasing.

What else should I know?

images Pricing and coverage for E&O insurance policies varies. Factors include the agent's or broker's size and location, the services provided, and the business's classification.
images Successfully defending an errors and omissions case requires documentation. Agents and brokers should always maintain detailed records.
images Not all client claims against insurers feature a clear-cut error or omission. Unfortunately, these claims still can be difficult and costly to defend.



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