Discover the many benefits of E and O insurance
You have built up a thriving insurance business. Your main aim is to tailor the insurance policies you offer to the individual needs of your clients. Not everyone is in the same situation. Not everyone faces the same difficulties and circumstances. The great thing about the modern insurance industry is that you are able to offer customized, streamlined packages that fit the person rather than trying to fit the person into a generic category.
Everyone on your staff is highly trained. They know how to formulate packages that both serve the needs of your clients and protect the financial interests of the company. To meet your fiduciary responsibility you must carry out a tremendous amount of research and to draw up insurance documents that serve your interests and those of your clients.
No matter how much training and preparation you give to your insurance agents, it is possible for one of them to make a mistake. Such mistakes can often lead to litigation. And if you have to go to court over an insurance claim, it can drain your firm of money. This is especially dangerous if you are a smaller company. The payout and the legal costs can threaten the very existence of your firm.
You need your own insurance against such a contingency. E and O coverage for insurance agents can provide you with the kind of protection you need. These firms provide insurance companies coverage owing to errors and omissions.
You can get on a monthly payment plan that will protect your firm in case you are sued and need to go to court. Most such brokerages pay up to 1 million dollars of your legal fees. You will not have to pay for support staff, and you can claim up to 3 million dollars for a payout you are forced to make owing to a mistake.
The fact is that people depend on their insurance when they are in trouble. If you have made a decision on a claim that a court later overturns, if that claim has led to the death of one of your clients or someone close to them, you can be sued for damages. This can lead to an extensive legal fight, and if the judgment goes against you it will be up to you to settle up with the victor.
Insurance for insurance brokers are there for such emergencies. You should not allow your firm to go down over a mistake. It is possible to learn from such errors, and you should be given the opportunity to recover from them. This can only happen if you have a financial reserve. You must have insurance for your insurance company. This will allow you to remain stable and in operation after settling a large claim. It will give you some protection as you move forward.
As you continue to develop and grow your business, you will become more vulnerable to expensive litigation. You should get E and O insurance now before you run into a bad situation.
Everyone on your staff is highly trained. They know how to formulate packages that both serve the needs of your clients and protect the financial interests of the company. To meet your fiduciary responsibility you must carry out a tremendous amount of research and to draw up insurance documents that serve your interests and those of your clients.
No matter how much training and preparation you give to your insurance agents, it is possible for one of them to make a mistake. Such mistakes can often lead to litigation. And if you have to go to court over an insurance claim, it can drain your firm of money. This is especially dangerous if you are a smaller company. The payout and the legal costs can threaten the very existence of your firm.
You need your own insurance against such a contingency. E and O coverage for insurance agents can provide you with the kind of protection you need. These firms provide insurance companies coverage owing to errors and omissions.
You can get on a monthly payment plan that will protect your firm in case you are sued and need to go to court. Most such brokerages pay up to 1 million dollars of your legal fees. You will not have to pay for support staff, and you can claim up to 3 million dollars for a payout you are forced to make owing to a mistake.
The fact is that people depend on their insurance when they are in trouble. If you have made a decision on a claim that a court later overturns, if that claim has led to the death of one of your clients or someone close to them, you can be sued for damages. This can lead to an extensive legal fight, and if the judgment goes against you it will be up to you to settle up with the victor.
Insurance for insurance brokers are there for such emergencies. You should not allow your firm to go down over a mistake. It is possible to learn from such errors, and you should be given the opportunity to recover from them. This can only happen if you have a financial reserve. You must have insurance for your insurance company. This will allow you to remain stable and in operation after settling a large claim. It will give you some protection as you move forward.
As you continue to develop and grow your business, you will become more vulnerable to expensive litigation. You should get E and O insurance now before you run into a bad situation.
