Very important in today's litigious world that every advisor have the proper E&O Insurance coverage in place. Not only the proper coverage but the right limits to protect you, your business and other concerns. Some Life Insurance carriers may not even appoint you if you do not provide proof of current coverage and limits.
In today’s world, numerous entrepreneurs employ errors and omissions (E&O) insurance. Such coverage is for any person which provides direction, makes well-informed advice, comes up with answers or stands for other people’s needs like inspectors, lawyers, graphic artists, software developers, and instructors.
No matter how hard you try, you can make mistakes on occasion because, as an owner, you cannot carefully watch every undertaking that isn’t in your personal control. This type of coverage covers your mistakes and of your personnel and independent service providers you employ.
|
clipped from lifeinsurance-pros.com
