Running your own insurance agency can come with a few interesting problems. Even though you provide policies to others, you still need to make sure your establishment is covered in the event of the unknown. This means giving yourself plenty of time to research the ins and outs of E&O for insurance agents. Having a better feel for errors and omissions can make all the difference for the future of your business.
Features To Consider
As referenced on www.usrisk.com, there are a number of areas insurance agents need to consider when exploring their own policies. In order for you to stay protected in a range of situations, it is important to make sure your policy includes features like:
Spousal and domestic partner coverage
Final adjudication insured coverage
International coverage claims
Occurrence-based general liability endorsement
Use Your Knowledge
Protecting your agency comes down to making sure you take out a plan that aligns with the specific work you do. As an agent, you already have an idea for how to research the right options for clients. Now you need to apply the same mentality to your own company.
Taking out the right coverage policy for your agency will require a bit of time and research. Give yourself plenty of time to find the right plan for your company and see what a difference it can make for your future.