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& Blog CalSurance Associates Blog Newsletters Careers Contact Us About Us Products & Services News & Blog Careers Contact Us Login Menu Insurance Agents & Agencies insurance agent errors and omissions coverage Insurance Agent & Agency Errors & Omissions (E&O) Insurance CalSurance Associates understands insurance agent errors and omissions cases that errors & omissions insurance coverage plays a key role in an insurance organization’s risk management strategy. In
Insurance Agent Errors And Omissions Claims
today’s litigious society, even the most thorough, dedicated insurance agent is susceptible to a claim arising from an error or omission. A simple lack of documentation or miscommunication could equate
E&o Insurance For Insurance Agents
to great losses suffered by the agent, agency and/or insurance organization. As a result, insurance professionals require E&O coverage to stay protected and reduce loss. CalSurance Associates is a leading E&O insurance broker for Life & Health and Property & Casualty Insurance professionals. We provide insurance brokerage and program administration services to some of the largest insurance firms in errors and omissions insurance for insurance agents and brokers the United States. As the originator of large group E&O programs for insurance agents, we have over fifty years of experience delivering customized insurance solutions to insurance agents, agencies, and organizations. In addition to E&O coverage, our programs can be further customized to include other applicable liability insurance coverages. Program construction, coverage and administration are driven by the insured’s specific business needs. CalSurance Associates has the expertise, resources and industry relationships to build an E&O insurance solution that meets the unique needs of each insurance organization. Our E&O programs offer broad coverage, turn-key program administration, competitive rating, and dedicated service to ensure seamless program management and enrollment. To learn more, please call (800) 745-7189 or email us at info@calsurance.com. If you are an insurance agent enrolling in a group sponsored program, please log in. To enroll in the NAIFA Endorsed E&O program, click here. Login Certificate Reprint Report a Claim Newsletter Sign Up Latest News PRIVACY| LEGAL NOTICES| LICENSING Copyright © 2015 CalSurance Associates, A division of Brown & Brown Program Insurance Services, Inc. All Rights Reserved.
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Errors And Omissions Insurance Cost
Subscribe Research Directories Jobs Sales Marketing Management Finance Claims Underwriting Other Features errors and omissions insurance quote Events Forums Buyers Guide Insurance Twitter Market Directories Ad Showcase Quotes Polls Subscribe The Ins and Outs of Errors and e and o for less Omissions Insurance By Glenda Wertz | July 19, 2004 Email This Print Newsletters Tweet Article 95 Comments Almost all agents have clients with errors and omissions (E&O) exposure and the most http://www.calsurance.com/csweb/agents.aspx difficult job the agent may have is convincing the client that they have the exposure. After 20 years of selling E&O/EPL/D&O exclusively, I have found some simple answers to the clients' questions that seem to work best. This article addresses the most frequently asked questions about Errors and Omissions Liability. What is E&O? Who needs E&O? Why do you need E&O? When should you http://www.insurancejournal.com/magazines/features/2004/07/19/44745.htm buy E&O? And, where do you find E&O that fits your needs? What is E&O insurance? Errors and omssions (E&O) is the insurance that covers your company, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. For doctors, dentists, chiropractors, etc., it is often called malpractice insurance. For lawyers, accountants, architects or engineers, it may be called professional liability. Whatever you call it, it covers you for errors (or omissions) that you have made or that the client perceives you have made. Most E&O policies cover judgments, settlements and defense costs. Even if the allegations are found to be groundless, thousands of dollars may be needed to defend the lawsuit. They can bankrupt a smaller company or individual and have a lasting effect on the bottom line of larger companies. In short, E&O coverage provides protection for you in the event that an error or omission on your part has caused a financial loss for your client. Who needs E&O insurance? The best-known professionals who need E&O insurance are
Insurance Workers' Compensation Insurance Business Owner's Policy More... InsureonU Articles & eBooks Certificate of Liability Insurance Insurance Costs Report Scholarship Contest More... About Us Careers Contact Us Leadership http://www.insureon.com/products/errors-omissions/e-and-o-coverage/ Small Business Heroes More... Blog #1 Online Agent for Errors and http://www.insureon.com/products/errors-omissions/ Omissions Insurance 175,000 businesses served since 1997 Can’t find your industry? 8am - 5:30pm Central | 800.688.1984 | Monday - Friday WHAT IS E&O INSURANCE COVERAGE As a small-business owner, you know all too well that you can't plan for everything. Accidents and o happen, injuring guests or employees. Weather can damage your office space. And, of course, a disgruntled client might blame your product or service for causing them to lose money. As a responsible business owner, you know your company needs insurance to protect against these calamities. Errors and Omissions ("E&O") Insurance is for those times when errors and omissions clients sue you, claiming your company made a mistake or acted negligently. The policy protects your business in many important ways. ERRORS & OMISSIONS INSURANCE EXPLAINED Errors & Omissions Insurance Explained Whenever your clients depend on your services, you're vulnerable to liability if things don't go as planned. That's where E and O comes in. E & O Insurance (also called Professional Liability Insurance or Malpractice Insurance) covers your business when it's sued for professional errors –real or perceived. For example… If a shipment goes missing, your client could sue, claiming the delay caused them to miss an important deadline. If a client follows your professional advice about how to run their business and they don't get the results they'd hoped for, they might sue to recoup their losses. In short, E and O Insurance covers lawsuits wherein your client accuses you of mistakes, errors, careless conduct, or faulty products. Even if you never made a mistake, you could still
Compensation Insurance Business Owner's Policy More... InsureonU Articles & Ebooks Certificate of Liability Insurance Insurance Costs Report Scholarship Contest More... About Us Careers Contact Us Leadership Small Business Heroes More... Blog Errors and Omissions Insurance Quotes From Top Carriers in 15 Minutes Can't find your industry? E&O Insurance can help pay for lawsuits over professional mistakes. What Is E&O Insurance? Who Needs It? How Much Does It Cost? What Is Errors and Omissions Insurance? Errors and Omissions Insurance (also called Professional Liability Insurance) does what its name implies: it covers your professional mistakes (errors) and the things you overlook (omissions). If you're sued over a professional mistake or oversight, this policy can help you pay for legal expenses. A typical E&O lawsuit costs $140,584, according to the National Center for State Courts. And that's just the amount awarded to your client – it doesn't include your own legal fees. Tack on another five figures for what you'll pay a lawyer to put your case together. E&O coverage is most common in professional service industries such as architecture, engineering, software development, law, medicine, insurance, and accounting. Whenever someone is paying for your expertise, it's a good idea to have insurance that can cover you if you slip up. As our E&O video explains, clients often accuse business owners of one of these three things in an E&O lawsuit: Professional mistakes. Failure to deliver promised services. Professional negligence. Note that what matters here is whether a client thinks you did something wrong – they're the one who initiates the lawsuit. And even if your client's claims are frivolous, you have to defend yourself. If you don't, you risk a default judgment (aka automatically paying whatever they say you owe). Let's dig in deeper and see how E&O can help if you're accused of professional mistakes. Median damages awarded in an E&O lawsuit: $140,584. 3 Ways Professional Liability Insurance Protects Your Business Professional Mistakes E&O Insurance can address disputes over miscalculations, bad recommendations, software bugs, misdiagnoses, and more. Failure to Deliver Promised Services If you overlook something or can't deliver on big promises, E&O Insurance can cover your lawsuit costs. Negligent Services If a client claims your work doesn't meet professional standards, E&O Insurance can cover the lawsuit costs. E and O Coverage Can Help Pay... Attorney Fees Court Costs Settlements and Judgments E&O C