Our E&O HQ provides insight, guidance, and resources enabling ethical business practices and claim avoidance. Stay on top of the latest news, trends, & compliance at our E&O Headquarters sponsored by National Ethics Association. For more resources visit our sponsor’s Consumer Hub & Ethics Center pages.
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.
Top 5 Reasons to buy E&O Insurance onlinePosted by: EOForLess on April 10, 2017
Top 5 Reasons to Buy E&O Insurance Online - The insurance industry is a conservative, risk-averse business. That’s a good thing because as stewards of their clients’ money, the last thing they want is to make decisions that put those resources in jeopardy.
Independent Life and Health Agent E&O Insurance PolicyPosted by: EOForLess on April 3, 2017
Life is complicated. There are so many things to achieve, and so little time to accomplish them all. This is why smart people prioritize must-have goals over nice-to-have ones. By focusing their time, money, and energies on their mandatory items, they are more likely to create an enjoyable and profitable life.
How to Shop for E&O for Insurance Agents OnlinePosted by: EOForLess on March 27, 2017
Buying E&O for insurance agents online has become common of late. But just because it’s possible doesn’t mean you’re assured of getting quality protection. You still need to do your homework.
What is Click & Bind E & O InsurancePosted by: EOForLess on February 24, 2017
The Age of Internet E&O Insurance Shopping Today, consumers expect to be able to buy everything and anything on the Web: books, music, movies, clothes, shoes, and even cars. But it wasn’t too long ago that buying a product online was either impossible or clunky. That’s not surprising, since selling on the Web—also known as […]
Professional Liability Insurance Helps Build Trust for P&C AgentsPosted by: EOForLess on February 21, 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 […]
E&O Insurance Can Mean the Difference Between Bankruptcy And LongevityPosted by: EOForLess on February 17, 2017
Don’t Let a Large E&O Judgment Kill Your Business Most small financial-services businesses operate on slim margins. They lack a surplus of commissions, fees, and other income over their monthly expenses. What’s more, firms often have limited assets to convert into cash when emergencies arise. Since they essentially operate on a high wire with no […]
What Are the Situations You Need To Carry E&O Insurance In?Posted by: EOForLess on February 13, 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 […]
E&O Insurance Is Your Best Protection Against Unforeseen DisastersPosted by: EOForLess on February 6, 2017
The risks of errors & omissions are real. Despite the human tendency of assuming that bad things always happen to other people, the chance of an unhappy client suing you is significant.
If You Think Your Company Can Do Without E&O Insurance, Think AgainPosted by: EOForLess on January 31, 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 […]