What Is E&O Insurance?
E&O or errors and omissions insurance is liability insurance for professional businesses such as insurance agents. It is used to help protect you, the carrier, from having to cover the full cost of any claims if your client holds you responsible for mistakes or for the failure to perform as promised in your contract.
Why Do I Need E&O Insurance?
Everyone makes mistakes from time to time. Even with the most diligent agent, things can sometimes slip between the cracks without them or their employees noticing. Financial hardships caused by those mistakes can escalate to an astronomical amount. E&O insurance is the net that is available to catch you when those mistakes turn into something more. It covers not only your mistakes, but also those of your employees. Most importantly, Errors and Omissions insurance might save you from losing a client, extreme embarrassment, or worst of all, a bad reputation.
Why Buy E&O Insurance From
Affordable E&O Insurance Brokers?
Affordable E&O is the Insurance Agent’s E&O Specialist. We deal specifically with insurance agents and their individual E&O needs. Most insurance agents offer Errors and Omissions Insurance as a secondary product to their other insurance products. We are specialists in our field and our professionals have the ability to help you with your E&O needs.