Get the protection you need for insurance company
You are in a great business. The insurance industry has changed tremendously over the past couple of decades. The financial giants no longer control it. As regulations have changed and market forces have shifted, room has been made for a range of smaller, more competitive firms that are able to offer more customized and flexible policy solutions.
If you run an insurance business, you know how difficult it can be to get the right policy for each individual client. Hammering out such agreements can lead to errors. No matter how well-trained and intelligent your staff, there is always the risk of a mistake. And some mistakes can give your agency a liability problem.
Your best response to such a risk to take out E&O for insurance agents: to get insurance for your insurance company. Insurers across the country have begun to realize the real threat that litigation poses to them. Indeed, an entire legal cottage industry has emerged over the past decade dedicated solely to suing insurance companies. Fighting such litigation can drain your company of resources; and if you end up losing the verdict or are forced to settle, it can cause even more problems.
Your entire company should not be forced under because of a mistake. It is better to make sure that you have the kind of financial reserve that can be called upon to deal with such contingencies. E&O insurance can give you that capital; it can give you a fighting chance for survival in the wake of an error.
Small mistakes in insurance can seriously affect the lives of others, and this may put you at risk of litigation—litigation that can threaten the very survival of your company. E&O insurance gives you some protection and security against such an occurrence. It will ensure that you have the money necessary to cover the cost of compensating for the error made by one or more of your agents.
There are a great many advantages to having this insurance. The better E&O companies offer affordable premiums. If you are new to the business, your premium can be as low as six hundred dollars. You can get a claim limit of up to five million dollars. You will be able to pay each month in a convenient way, and there is no charge for support staff.
It is important to work with the right E&O firm, however. The agency you work with should have already established a record and reputation for delivering excellent results and nothing less than world-class customer service. The agency should also stand by its brand. When you are in trouble, you should get access to the funds you need without a great deal of bother and hassle.
Everyone wants to protect themselves against the exigencies of life, and you are in a position to help them do so. But you must also realize that you and your staff can make a mistake. And it is important to have access to a reserve of capital if such an unfortunate thing happens.
If you run an insurance business, you know how difficult it can be to get the right policy for each individual client. Hammering out such agreements can lead to errors. No matter how well-trained and intelligent your staff, there is always the risk of a mistake. And some mistakes can give your agency a liability problem.
Your best response to such a risk to take out E&O for insurance agents: to get insurance for your insurance company. Insurers across the country have begun to realize the real threat that litigation poses to them. Indeed, an entire legal cottage industry has emerged over the past decade dedicated solely to suing insurance companies. Fighting such litigation can drain your company of resources; and if you end up losing the verdict or are forced to settle, it can cause even more problems.
Your entire company should not be forced under because of a mistake. It is better to make sure that you have the kind of financial reserve that can be called upon to deal with such contingencies. E&O insurance can give you that capital; it can give you a fighting chance for survival in the wake of an error.
Small mistakes in insurance can seriously affect the lives of others, and this may put you at risk of litigation—litigation that can threaten the very survival of your company. E&O insurance gives you some protection and security against such an occurrence. It will ensure that you have the money necessary to cover the cost of compensating for the error made by one or more of your agents.
There are a great many advantages to having this insurance. The better E&O companies offer affordable premiums. If you are new to the business, your premium can be as low as six hundred dollars. You can get a claim limit of up to five million dollars. You will be able to pay each month in a convenient way, and there is no charge for support staff.
It is important to work with the right E&O firm, however. The agency you work with should have already established a record and reputation for delivering excellent results and nothing less than world-class customer service. The agency should also stand by its brand. When you are in trouble, you should get access to the funds you need without a great deal of bother and hassle.
Everyone wants to protect themselves against the exigencies of life, and you are in a position to help them do so. But you must also realize that you and your staff can make a mistake. And it is important to have access to a reserve of capital if such an unfortunate thing happens.
