Monthly Archives: August 2012

California Insurance Agents Errors And Omissions Insurance

Errors, mistakes or omissions can occur anytime while you work as an insurance agent. It can come up as a breach or negligence of a contract agreement. When an error occurs, litigation may be initiated against you. If you’re adequately covered by error and omission insurance for insurance agents, you’re protected from bearing the full expenses of the defense for the lawsuit that may be filed against you as a result of the error or mistake committed or is alleged. Historically one out of every seven insurance brokers will file an Errors and Omissions claim at some point in their career. Currently insurance agents rank fourth among professions in number of lawsuits being filed against them. Only physicians, attorneys and accountants have more (Tillinghast Survey). Insurance agents provide essential services to individuals, families, and businesses by consulting them to locate and purchase adequate protection. Most independent agents, however, do not realize the exposure that is involved with this industry. Recommendations that you provide for insurance, either to purchase or bypass, may return as a liability if a client decides that you were wrong in your advice. Clients facing a major problem with an insurance policy, or lack of coverage, may file a claim against you, threatening your career, income and possessions. There are certain precautions you should take regarding your livelyhood. In the first place, your profession as an insurance agent has a lot to do with the care you render your customers. When carrying out your obligations as an agent, you may commit or be accused of an error or mistake. Your customers may decide to seek justice in court. If you’re not properly protected by an insurance coverage, you could wind up bearing the full expenses of the defense. However, you can protect yourself with E & O insurance for insurance agents. This is a professional liability insurance instrument tailor made to cover insurance agents from whatever errors, mistakes or omission that may be alleged or committed in the course of day to day business. Continue reading →

Commercial Insurance Agents Brokers

California Insurance Commercial Vehicle by Daniel Fraisse Insurance for all your California business commercial and industrial insurance policy rates. Continue reading →

Insurance Agents E&O

Statistics prove one out of every seven agents will file an Errors and Omissions claim during their career. In fact, insurance agents rank fourth among professions in number of legal claims being filed against them. Only physicians, attorneys and accountants have more (Tillinghast Survey). There are certain precautions you should take regarding your livelyhood. Your profession as an insurance agent has a lot to do with the care you render your customers. When carrying out your obligations as an agent, you may commit an error or mistake. Your customers may decide to seek justice in court. If you’re not properly protected by EO insurance coverage, you may end up bearing the full cost of the litigation process. However, you can protect yourself with EO insurance for property and casualty insurance agents. This is a professional liability insurance instrument tailor made to protect insurance agents from whatever errors, mistakes or omission they may commit in the course of day to day business. Errors and omissions coverage for property and casualty insurance agents is professional liability errors omissions insurance designed to handle the risk exposure of P&C agents and brokers. Continue reading →