Professional Liability Coverage for Insurance Agents
Insurance agents provide a vital service for both individuals and businesses. However, mistakes can sometimes be made. Errors and omissions insurance for insurance agents exists so you can be covered if any mistakes are a result of your work.
What Are Errors and Omissions Insurance?
If you offer advice or services, you need professional liability. Errors and omissions insurance protects your company and your employees in the event that an error is made on a client account. This error usually results in financial damage to the client, which is why lawsuits are filed. To cover everyone from the ground floor all the way up to the executive suite in this type of situation, you need errors and omissions insurance.
Why Do Insurance Agents Need It?
Working in the insurance industry means you are in contact with the business and personal accounts for clients. A small mistake on any of these accounts can lead to disastrous results, which can then lead to a lawsuit filed against you or your company. The right insurance coverage helps cover legal defense and any fees associated with a lawsuit, as well as keeping your company’s reputation from being harmed in the process.
Protecting your insurance business and employees means you need errors and omissions insurance for insurance agents. With this policy behind you, you can carry on with business as usual and focus on providing your top-notch services to clients in need.