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Just posted a new article (link below) about the dangers of buying E&O coverage without thoroughly knowing the provisions in the insuring agreement.
When you bought your E&O Insurance, was the price of the coverage the main factor in your choice, or were you more concerned with the provisions of the insuring agreement to ensure it does a good job of protecting you?
In other words, did you buy it because you have to have it and never expect to use it, or did you spend time researching different options before making a choice?
If you didn’t put much time or effort into selecting your E&O coverage, are you worried it might not protect you in the event of a claim?
Insurance Forums | E&O on the fly: Essential buying knowledge for busy advisors, Part 1
When you bought your E&O Insurance, was the price of the coverage the main factor in your choice, or were you more concerned with the provisions of the insuring agreement to ensure it does a good job of protecting you?
In other words, did you buy it because you have to have it and never expect to use it, or did you spend time researching different options before making a choice?
If you didn’t put much time or effort into selecting your E&O coverage, are you worried it might not protect you in the event of a claim?
Insurance Forums | E&O on the fly: Essential buying knowledge for busy advisors, Part 1
