E&O insurance for insurance agents

Take your own advice: get covered

It’s a risky world out there.

That’s good news for you. It means more clients come to you for protection. Keeping you busy and your business booming.

The bad news is, it also means more risk for you. Each account you add, increases the odds of a claim being made against you. And all it takes is missing a renewal, or arranging the wrong policy.

So, why not take your own advice?

Protect your own business with errors and omissions insurance. Then, if a client claims you’ve made a mistake and it’s cost them, E&O insurance can cover your legal costs and damages, if you’re liable.

What’s more, it protects your reputation. Because why would you risk that?

  • What does E&O for insurance agents cover?

    Also known as professional liability insurance, E&O can get you an attorney and cover your legal costs and damages for:

    • Claims you’ve made a mistake or left something out– even if you haven’t
    • Claims you’ve made an error in work you’ve done in the past
    • Worldwide claims – as long as they’ve been filed in the United States, a U.S. territory, or Canada
  • What other kinds of insurance do insurance agents need?

    General liability insurance protects you from claims of physical damage to property or people. It’s good to have if clients visit you in your office, or you go visit them. And as an insurance agent, you probably do both.

    You might want to think about insuring the stuff you take with you to client meetings, too. Like laptops and mobile devices. If those get damaged, it’s not just the money it costs to fix or replace them, it’s the time it takes. And that could cost you business.

    Business personal property insurance (BPP) protects this kind of equipment. Not just when you’re out seeing clients, either. Coverage includes the moveable items – chairs, desks, even your potted plants – in your office. Whether that’s at home or elsewhere.

    If you store your clients’ data electronically, use email and have a website, a cyber policy’s seriously worth getting. More and more cyber-attacks are on small businesses and the recovery costs are shutting down three quarters of them within six months.

    Cyber insurance can’t stop an attack. But it can take care of these costs for you. Leaving you doing business as usual.

    The second you hire your first employee, most states require you to have workers’ comp insurance. If you don’t, you’ll have to pay penalties. But it’s worth getting anyway. It protects your business from the cost of workplace injuries to staff, which can be crippling.

    Because small business insurance is our business, we know every insurance agent’s insurance needs are unique. We can build a package to suit you. Even better, it’ll only take a couple of minutes of your time, online.

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