FRIDAY, APRIL 29, 2022
Errors and Omissions (E&O) is an essential part of a professional liability policy for insurance agents. This coverage helps provide financial protection to insurance agents if a client brings a lawsuit claiming a mistake led to financial losses.
No matter the size of your business, all insurance agents need E&O coverage. Contact the agents at U.S. E&O Brokers in Houston, Texas, today to learn more about your options and to get a quote.
Why Do Insurance Agents Need E&O Coverage? 
As an insurance agent, advise and help clients make major significant decisions that could affect their financial future financial wellbeing. If you unintentionally make a mistake that could harm your clients, Professional liability insurance coverage can help cover related costs, including lawsuits. E&O coverage protects the agent and the their company from their financial effects of losses caused by an omission or error.
What Does E&O Insurance Cover?
If a client initiates a lawsuit against you and your business, E&O insurance may help pay for the related legal costs. Other costs that E&O insurance may help cover include:
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Work mistakes and oversights: Minor professional oversights could trigger an expensive lawsuit. E&O coverage may help pay the costs of legal defense and any judgments resulting from the case.
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Negligence: If you or your business fails to meet the minimum industry standards while serving a client, they could sue you for negligence. E&O insurance may help cover defense costs, attorney fees, and other legal expenses.
Talk with an agent today to get help determining which insurance policies may benefit your insurance business. In addition to E&O insurance, your agent may also recommend that you consider purchasing cyber liability insurance and employment practices liability coverage.
Get the E&O Policy You Need, Today
If you are an insurance agent and don’t currently have E&O insurance, now is the time to get this essential coverage. Many policies provide coverage with a retroactive date, so get coverage as soon as possible.
The agents at U.S. E&O Brokers can help you get the E&O insurance coverage you need right away. Contact us to learn more about your options and get a quote.
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