Finding new clients and servicing your existing client base is more than a full-time job. Which means the last thing you want to do is spend time you don’t have on tasks you no longer need to do. Case in point: buying E&O insurance offline.
If you’ve bought errors and omissions insurance the old-fashioned way—that is, by speaking with brokers, getting multiple paper quotes, and applying and paying for it off the Internet—then you know how frustrating the process can be. It’s doubly annoying to spend time on antiquated insurance buying when you’re already pressed for time. It’s much better to click and bind your E&O insurance online, investing the time you save into more productive areas such as marketing, sales, or customer service.
Think about it: buying E&O insurance offline is so passé. Here are all the tasks that outmoded task involves:
- Looking around for an E&O insurance broker, either by checking insurance-industry or yellow-page directories, Googling, or asking friends and colleagues for a referral.
- Contacting each broker and setting up “get-to-know-you” meetings.
- Speaking with each broker in person or over the phone to discuss your business and E&O insurance needs.
- Waiting days or weeks for the brokers to shop their markets for an insurer with an appetite for your risk and the expertise to insure it.
- Waiting even longer for the broker to package up several quotes from insurers in a hard-copy proposal.
- Waiting for the proposal to arrive in the mail or via e-mail.
- Reviewing the proposal and deciding which broker/insurer is most appropriate and cost effective.
- Contacting the winning broker and making arrangements to pay for the policy.
- Waiting for the insurer to process your payment and remit a coverage confirmation.
- Receiving your new policy and reviewing it to make sure it’s correct.
Is it any wonder the insurance entrepreneurs at the National Ethics Association and its E&O insurance unit, EOforLess.com, envisioned a better approach? With their errors and omissions online portal, EOforLess.com, you can now buy professional liability insurance with zero aggravation in 10 minutes or less. Here’s what our simple online process entails:
- Visit EOforLess.com.
- Click on the specific type of E&O insurance you need based on your license type—i.e., life insurance agent, property-casualty insurance agent, registered investment advisor, or real estate agent/broker-owner. Then click on “see plans” to review the policies available for purchase.
- Click on “view details” to drill down on your policy specifics. This will include a full list of features and benefits and other contractual items. If you are serious about due diligence, you can also download a complete specimen policy for careful reading.
- After you review the details and decide the policy meets your needs, click on “buy now” to begin the purchasing process. This involves establishing an EOforLess account and selecting your payment and billing-frequency preferences.
- Next, click on “Pay & Proceed to Bind Your E&O,” which will bring you to the underwriting screen.
- If you can answer “no” to all of the underwriting questions, click “pay” to purchase and bind your errors and omissions insurance coverage.
- Finally, click “print” to receive your errors and omissions insurance proof of coverage. This is the document you’ll provide to your FMO and the insurers with whom you have appointments.
Could buying E&O insurance be any easier? And could the advantages of online buying be any more compelling? For example, when you buy E&O insurance from EOforLess.com, you will be able to get an insurance certificate in just a couple of minutes. This is important when a client has a unique need for insurance for which you need to secure a new insurer appointment. Immediate click and bind allows you to get appointed and close the sale without delay.
Or what if you’re new to the industry and need to find E&O insurance right away? Since you don’t know many people in the business yet, it will be hard to get referrals to a good E&O insurance broker. Rather than spin your wheels, you can just buy your coverage in minutes from EOforLess.com.
Finally, if you lapse your current E&O policy by mistake and don’t want to reinstate it with your prior insurer, you can secure a new one in minutes from us, minimizing a potentially dangerous E&O coverage gap.
Any way you look at it, click and bind is the way to go when buying E&O. And EOforLess.com is your place for quality coverage at a price you can afford. Is your policy up for renewal soon? Then visit the pioneers of click and bind today for an E&O solution you’ll appreciate tomorrow.
