Who needs E&O insurance and why do they need it?


As humans we make mistakes.  And even though it is a mistake it can cost a lot of money.  That is where E&O comes in.  It is a vital part of an insurance agent’s business.  The following article explains why E&O insurance is so important and who should carry E&O insurance.  http://online.wsj.com/ad/article/LibertyDirections_W04_ErrorsOmit.pdf

Please call Paul Martin for all your insurance needs.

 Most Insurance Agents Are Not Properly Covered


As your business grows, your E&O insurance must grow as well.  Most agents are so concerned with getting the right coverage for their clients that they overlook their own coverage.  Just as you tell your clients to review their policies, you must review your own.  It seems silly to tell and insurance agent to check their own policy, after all this is what you do for a living, however it does seem as if there is a lack of reviewing.  http://www.mynewmarkets.com/articles/182890/survey-agencies-not-adequately-protected-eo-claims

Is Your Policy Collecting Dust?                                                                                                                                                                                                                                Insurance Agents spend a lot of energy worrying about everyone’s insurance policies.  So much so in fact that they often overlook their own.  The risks and perils that face an insurance agent are just as important as the risks and perils they insure their clients for.  So where is your policy?  When was the last time you looked at it?  Errors & Omission policies for insurance agents need to be look at and re-examined at least yearly.  Make sure your coverage still fits your needs.  The following article from Insurance Journal gives some great advise.  Please contact Paul with any insurance questions or needs.