E & O Insurance For Insurance Agents In Texas

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August 20, 2012 by bdorianz35f

English: Charles Simms, March 17, 1796, Fire Insurance Policy (Photo credit: Wikipedia)

E & O Insurance For Insurance Agents In Texas

Statistics prove 1 out of 7 brokers will report an EO claim in their career. Insurance agents are 4th among professions in legal proceedings filed against them. Only physicians, attorneys and accountants have more (Tillinghast Survey).

Precautions you need to take concerning your profession. Your career as an insurance agent has a lot to do with the care you provide your clients. In the course of carrying out your duties as an agent, you may commit an error or mistake. Your clients may decide to recover damages in court. If you’re not adequately protected by errors and omissions insurance policy, you may end up bearing the full cost of the litigation process.

You can help yourself with errors and Omissions insurance for property and casualty insurance agents. This is a business liability insurance device designed to protect insurance agents from whatever errors, mistakes or omission they may commit while discharging their duties. E and O insurance for insurance agents is professional liability EO insurance specifically designed for the exposures of P&C agents and brokers.