If you are an insurance agent or broker, it is important to have coverage to protect you in your work. Having errors and omissions insurance for insurance agents and brokers can go a long way in helping you stay protected in case of an accident.
Protecting Yourself in Case Something Happens
Anyone can make a mistake on the job. If you work in the insurance industry and are helping a client, but accidentally make an error in your work, it’s important that you have E&O coverage, according to Axis Insurance Services. If there is a problem, clients can sue. In the event, you don’t have coverage and you owe them money, it can be deducted from your personal earnings or even any assets you own.
Options Based on Your Needs
No matter what type of E&O coverage you are looking for, there are different options based on your needs. You need to check to make sure you meet the requirements, but as long as you do, you can get started right away. This can be important if you work, especially if you find yourself busy with client orders or working alone, and want to ensure you are safe.
Getting errors and omissions insurance for insurance agents and brokers doesn’t have to seem like a daunting task. You can get the help you need and protect yourself in case a potential accident occurs by having the right insurance coverage