agentonline
New Member
- 13
ok..been reading for some time and appreciate any feed back.
So, I have been a commercial agent for over ten years and have a good book of business. I have been with a 'mom and pop' independent agency for the entire time.
I have NO ownership in the business and I have NO say in the business decisions being made for the agency. I am a w-2 employee and my commission split is less than what the competition offers and I have no other benefits. Just setting the stage here.
Today, I am informed that, moving forward, if an E&O claim is presented to the agency that involves me - I will be responsible for a $1000 deductible.
Question: Is this appropriate? normal? legal?
What say you?
So, I have been a commercial agent for over ten years and have a good book of business. I have been with a 'mom and pop' independent agency for the entire time.
I have NO ownership in the business and I have NO say in the business decisions being made for the agency. I am a w-2 employee and my commission split is less than what the competition offers and I have no other benefits. Just setting the stage here.
Today, I am informed that, moving forward, if an E&O claim is presented to the agency that involves me - I will be responsible for a $1000 deductible.
Question: Is this appropriate? normal? legal?
What say you?