Reasons Your Agency Needs Liability Coverage

An insurance agency is not immune to liability issues. Just like any other company that offers services, it’s important to get the right coverage for your business, including insurance agency E&O. A writing agency can review your risks and set you up with policies that offer reliable protection where you need it.

Whom It Covers: Your E&O policy doesn’t just protect you as the head of the agency.

It covers everyone who represents you to clients:

  • Full-time employees
  • Hourly employees
  • Outside contractors

What It Covers: Your insurance agency E&O coverage is specifically tailored to the insurance industry.

The policy takes into consideration risks that are specific to insurance agents, such as:

  • Failure to obtain promised coverage for a client
  • False information
  • Negligence regarding the amount of coverage recommended
  • Noncompliance with HIPAA
  • Protection for innocent insured

Just as each industry is different, each agency typically has its own particular needs as well. The representative who puts together your liability package can assess not only what you need as an insurance professional but also what you need for your particular niche.

As an insurance agent or broker, you know how important having the proper coverage can be. No one likes to be called into question for a mistake and discover that their insurance package isn’t equipped to back them up. Get insurance agency E&O to protect your specific needs.