Agents who work in life insurance can run a lot of risks if they’re not careful. Having e&o insurance for life insurance agents offers them protection against an error they may accidentally make. Here’s why it’s necessary to have and a useful way to protect the agent.
Agents Can Avoid Legal Issues With Insurance Coverage
Having e&o insurance means agents are protected if they get taken to court because of a mistake they made. Mistakes are an inevitable part of life, even if the agent is being careful. By having protection in place, they can feel comfortable, knowing they won’t lose their own personal money or possessions, such as their home or car if they get sued for making a mistake.
It Gives Agents More Confidence
Some agents might feel unsure about taking on too much work if they are not covered. This could keep them from losing out on big contracts and furthering their career. With proper protection in place, agents can feel confident in their skills and go further in their work without fear of repercussions.
Choosing e&o insurance for life insurance agents is important in case a mistake occurs. Having insurance gives agents confidence to do their job and allows them to avoid legal issues at the same time.