E&O Claim Prevention
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Protect Yourself Like Your Clients | E&O InsurancePosted by: EOForLess on August 30, 2017
Successful independent agents will perform—and excel at—the vast majority of these tasks, if not all of them. If they don’t, their clients will find someone else with whom to do business. But do they excel at performing these activities for their own business? Perhaps not. And what about you? Do you postpone this task when client work beckons? Again, if you do, that’s fine. But recognize that the longer you put off addressing your own E&O exposures, the more likely you will suffer a crippling E&O loss. Is that what you want for your business?
Top 3 Most Common Cases You Need E&O Insurance ForPosted by: EOForLess on July 17, 2017
If you’re a successful insurance agent, you will likely spend most of your time developing new business. Just about every facet of this process subjects you to large E&O risks.
E&O Insurance and What It IsPosted by: EOForLess on May 5, 2017
At its core, E&O insurance is a way of transferring an unknown, but potentially devastating loss to an insurance company. By paying an E&O insurance premium, you convert this unknown into a known risk with a fixed expense attached —an annual, quarterly, or monthly insurance premium.
Required E&O Insurance for Life AgentsPosted by: EOForLess on May 2, 2017
It’s a truism today that E&O insurance is required for life agents. But let’s explore this notion a bit further. Where does this requirement come from and how important is it for agents to have E&O insurance to protect their businesses?
E&O Insurance Builds Trust through Ethical PracticesPosted by: EOForLess on April 24, 2017
There is a trust deficit in financial services these days. All the major opinion surveys find that consumers are lacking in trust when it comes to financial institutions and financial advisors.
Professional Liability Insurance Helps Build Trust for P&C AgentsPosted by: EOForLess on February 22, 2017
Building Trust in P&C Insurance P&C insurance agencies are everywhere across America. According to the Accenture Independent Agency Survey, there are 39,000 independent P&C insurance agencies doing business today, with thousands more operating under a single-insurer brand. Agencies typically produce $5 to $6 million in annual premiums, posting commissions of about $1 million and employing […]
What Are the Situations You Need To Carry E&O Insurance In?Posted by: EOForLess on February 21, 2017
The Era of the Handshake Deal is Long Gone Sad to say, the era of the handshake deal has passed. Decades ago, it took only a signature and a handshake for a financial professional to close a sale with a prospect. Those were the days when a person’s word meant something. Advisors would do their […]
If You Think Your Company Can Do Without E&O Insurance, Think AgainPosted by: EOForLess on February 21, 2017
What is E&O Insurance and What Does It Deal With? As providers of E&O insurance, EOforLess.com admires the time and effort financial professionals invest in their firms. We also admire their courage in going out on their own when the majority of people today opt for the security of working for someone else. And we […]
Learn About the Ways E&O Insurance Can Benefit Your BusinessPosted by: EOForLess on February 21, 2017
The Best Way to Protect Yourself from Customer Complaints Are you so busy adding new clients and serving existing ones that you never learn about the ways E&O insurance can benefit your business? We thought so. But don’t worry. It’s never too late to protect yourself with high-quality and affordable E&O insurance. Now, we understand […]
What Do So Many Businesses Misunderstand About E&O Insurance?Posted by: EOForLess on February 21, 2017
As with all forms of insurance, E&O insurance can be hard to understand. And that’s under the best of circumstances when a business owner has plenty of time to learn about this essential coverage. So what do so many business misunderstand about E&O insurance?